Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.071%

Price spread now: Gate against RISEx−0.091%7-day average −0.035% · 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−$39as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.055%−$5 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.091%, 7d avg −0.035%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.057% cheaper against RISEx than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MU/USDC	1,048.2	0	get 0.0000% / 1h	48m 45s	$338K	$351K	20x
Short	Gate MU_USDT	1,047.2	0	get 0.0000% / 8h	3h 48m	$62.3M	$27.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → −0.035%: −$5.66
Slippage, 4 orders: −$12.61
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$39.27
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Gate: live order book, 5 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, 4 min ago	1.48 bp	4.5 bp −$4	5.5 bp −$55	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.10 bp	11.1 bp −$11	15.2 bp −$152	32.8 bp −$3,276	57.2 bp −$28.6K

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	−0.0827%	4h	1,049.7	+0.146%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,047.6	−0.056%	$21.3M	$55.7M	20x	as long as short
Bybit MUUSDT	0.0000%	8h	1,048.1	−0.007%	$19.0M	$31.9M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,048.3	+0.012%	$31.2M	$99.6M	50x	as long as short
RISEx MU/USDClong	0.0000%	1h	1,048.2	long leg	$338K	$351K	20x
Gate MU_USDTshort	0.0000%	8h	1,047.2	−0.091%	$62.3M	$27.6M	75x
Bitget MUUSDT	0.0000%	8h	1,048.5	+0.029%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,049.1	+0.082%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,049.9	+0.159%	$82K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,048.3	+0.009%	$189K	$3.4M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MU-USDT	0.0000%	8h	1,048.6	+0.041%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,047.8	−0.039%	$73K	$461K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.3	+0.012%	$130K	$430K	50x	as long as short
Binance MUUSDT	+0.0003%	8h	1,047.9	−0.025%	$125.6M	$517.2M	50x	as long as short
BloFin MU-USDT	+0.0020%	8h	1,048	−0.020%	$1.5M	$2.0M	20x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,048.8	+0.060%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,048	−0.019%	$7.1M	$17.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,047.8	−0.036%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,047.8	−0.038%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,047.6	−0.055%	$563K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.302%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,048.5	+0.026%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,049	+0.079%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,047.5	−0.067%	$177.7M	$97.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,047.8	−0.038%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,047.8	−0.037%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.7	−0.050%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,048.1	−0.007%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0059%	1h	1,047.8	−0.039%	$281K	$832K	10x	as long as short
Bullet MU-USD	+0.0065%	1h	1,048.1	−0.009%	$26K	$395K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,047.6	−0.055%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,047.9	−0.032%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,047.5	−0.071%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.1	+0.178%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048	−0.020%	$833	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.175%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,050.1	+0.181%	$537K	$271K	15x	as long as short