Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against SunX−0.179%7-day average −0.171% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$810.806% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.179%, 7d avg −0.171%

Together, before fees+0.119%+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MU-USDT	1,043.7	0	get 0.0000% / 8h	2h 55m	$11K	$5.7M	10x
Short	Gate MU_USDT	1,041.8	0	get 0.0000% / 8h	2h 55m	$61.8M	$27.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now −0.179%Rate

Funding earned: $0
Price spread: −0.179% → −0.171%: −$0.78
Slippage, 4 orders: −$57.59
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$81.37
Costs to cover: 0.806%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Gate: live order book, 4 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 SunX live order book, 3 min ago	21.60 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.01 bp	11.0 bp −$11	16.3 bp −$163	36.2 bp −$3,619	61.7 bp −$30.9K

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	−0.0628%	4h	1,041.4	−0.224%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,043	−0.071%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,042.5	−0.119%	$123.0M	$526.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,042.2	−0.143%	$18.6M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,042.4	−0.129%	$30.5M	$99.9M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,042.2	−0.142%	$336K	$354K	20x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,041.8	−0.179%	$61.8M	$27.9M	75x
Bitget MUUSDT	0.0000%	8h	1,042.5	−0.112%	$20.4M	$41.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,042.8	−0.084%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,042.1	−0.150%	$83K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,042.6	−0.103%	$188K	$3.5M	20x	as long as short
SunX MU-USDTlong	0.0000%	8h	1,043.7	long leg	$11K	$5.7M	10x
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,042.1	−0.156%	$73K	$497K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042.5	−0.116%	$128K	$439K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,041.2	−0.245%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,042.1	−0.151%	$7.0M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.4	−0.128%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,041.7	−0.193%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.733%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,041.5	−0.214%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,042.5	−0.121%	—	$176K	25x	as long as short
Nado MU-PERP	+0.0046%	1h	1,041.8	−0.184%	$281K	$821K	10x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,041.8	−0.183%	$177.1M	$95.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,041.6	−0.202%	$169K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042.2	−0.149%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,042.4	−0.125%	$2K	—	5x	as long as short
SoDEX MU-USD	+0.0057%	1h	1,042.4	−0.130%	$684K	$16K	10x	as long as short
Bullet MU-USD	+0.0064%	1h	1,042.2	−0.146%	$26K	$392K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,041.8	−0.182%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,042.6	−0.110%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,041.7	−0.192%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,041.9	−0.172%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,042.2	−0.149%	$829	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,042.8	−0.088%	$1.5M	$2.0M	20x	as long as short
Lighter MU	+0.0136%	1h	1,042.4	−0.122%	$1.1M	$4.9M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,041.2	−0.241%	$746K	$1.1M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,040.7	−0.288%	$532K	$270K	15x	as long as short