Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0405%/8h= −44.4% APRpaid last 24h −0.074%

Price spread now: Bitget against RISEx−0.030%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.030%, 7d avg −0.006%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bitget is 0.024% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.005% in total (about -0.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MU/USDC	1,045.8	0.0525	pay 0.0066% / 1h	23m 24s	$316K	$339K	20x
Short	Bitget MUUSDT	1,045.5	0.0120	get 0.0120% / 8h	23m 24s	$20.4M	$43.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee BitgetbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$85.15
Price spread: −0.030% → −0.006%: −$2.41
Slippage, 4 orders: −$5.19
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$110.75
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from RISEx: live order book, 55 min ago; Bitget: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 55 min ago	1.01 bp	4.0 bp −$4	5.0 bp −$50	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	0.10 bp	7.4 bp −$7	9.1 bp −$91	doesn't fit	doesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MUUSDC	−0.0561%	4h	1,045.3	−0.041%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.3	−0.040%	$63.0M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.3	−0.047%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.2	+0.142%	$11K	$6.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,045.3	−0.048%	$62K	$273K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.3	−0.049%	$129K	$455K	50x	as long as short
Aftermath Perps MUUSD	+0.0030%	1h	1,045	−0.069%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.5	−0.025%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.473%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.7	−0.010%	—	$194K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,045.2	−0.054%	$169K	$189K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,045.4	−0.039%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.6	−0.114%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0073%	8h	1,045.4	−0.031%	$30.8M	$105.0M	50x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.5	−0.027%	$7.8M	$23.9M	10x	as long as short
Lighter MU	+0.0088%	1h	1,045.4	−0.035%	$1.0M	$4.9M	20x	as long as short
Pacifica MU	+0.0100%	1h	1,045.5	−0.022%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.2	−0.051%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.9	+0.011%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.3	−0.042%	$831	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0116%	8h	1,045.4	−0.037%	$2K	—	5x	as long as short
Bitget MUUSDTshort	+0.0120%	8h	1,045.5	−0.030%	$20.4M	$43.5M	50x
Bullet MU-USD	+0.0121%	1h	1,045.4	−0.034%	$25K	$394K	10x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,045.4	−0.034%	$33K	—	10x	as long as short
Aster MUUSD1	+0.0161%	8h	1,045.9	+0.011%	$21.5M	$47.3M	20x	as long as short
Nado MU-PERP	+0.0167%	1h	1,045.2	−0.054%	$271K	$875K	10x	as long as short
Variational Omni MU	+0.0183%	8h	1,045.3	−0.046%	$2.7M	$2.5M	—	as long as short
Binance MUUSDT	+0.0190%	8h	1,045.5	−0.029%	$124.3M	$533.1M	50x	as long as short
tradeXYZ xyz:MU	+0.0206%	1h	1,045.2	−0.054%	$176.6M	$104.5M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.1	−0.064%	$757K	$1.3M	10x	as long as short
GRVT MU_USDT_Perp	+0.0226%	8h	1,045.3	−0.048%	$82K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0268%	8h	1,045.5	−0.022%	$19.2M	$32.4M	100x	as long as short
BloFin MU-USDT	+0.0312%	8h	1,045.5	−0.021%	$1.5M	$2.0M	20x	as long as short
Extended MU_24_5-USD	+0.0424%	1h	1,045	−0.072%	$541K	$1.1M	10x	as long as short
Phoenix MU	+0.0460%	1h	1,046.1	+0.033%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.1	−0.064%	$70K	$244K	10x	as long as short
RISEx MU/USDClong	+0.0525%	1h	1,045.8	long leg	$316K	$339K	20x