Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0187%/8h= −20.5% APRpaid last 24h −0.020%

Price spread now: Bitget against tradeXYZ+0.048%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days+0.022%+$2 · spread now +0.048%, 7d avg +0.081%

Together, before fees−0.015%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.033% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.081%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.037% in total (about -1.9% 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	tradeXYZ xyz:MU	1,038	0.0050	pay 0.0006% / 1h	4m 43s	$176.3M	$80.2M	10x
Short	Bitget MUUSDT	1,038.5	−0.0137	pay 0.0137% / 8h	4m 43s	$20.2M	$39.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$39.27
Price spread: +0.048% → +0.081%: −$3.32
Slippage, 4 orders: −$3.9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$76.5
Costs to cover: 0.339%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; Bitget: 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 tradeXYZ live order book, 5 min ago	0.48 bp	9.5 bp −$9	10.9 bp −$109	16.3 bp −$1,625	doesn't fit
Sell Bitget live order book, 4 min ago	0.05 bp	7.6 bp −$8	8.5 bp −$85	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	−0.0555%	4h	1,038.3	+0.027%	$1.3M	$673K	10x	as long as short
Bitget MUUSDTshort	−0.0137%	8h	1,038.5	+0.048%	$20.2M	$39.9M	50x
Aster MUUSD1	0.0000%	8h	1,038.5	+0.045%	$21.2M	$67.7M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.3	+0.027%	$122.5M	$536.8M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.5	+0.044%	$18.8M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.2	+0.015%	$29.8M	$100.0M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.5	+0.046%	$312K	$385K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.2	+0.014%	$61.6M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,038.3	+0.028%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.4	+0.043%	$80K	$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	1,038.4	+0.039%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.7	+0.165%	$11K	$5.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.1	+0.007%	$74K	$621K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.3	+0.026%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0007%	1h	1,038.5	+0.048%	$25K	$388K	10x	as long as short
Nado MU-PERP	+0.0018%	1h	1,038.1	+0.011%	$280K	$804K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,038.4	+0.035%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038.3	+0.025%	$7.0M	$18.7M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.2	+0.016%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.6	−0.041%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.287%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,038.3	+0.027%	$1.0M	$4.9M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.8	−0.019%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.4	+0.040%	—	$175K	25x	as long as short
tradeXYZ xyz:MUlong	+0.0050%	1h	1,038	long leg	$176.3M	$80.2M	10x
Polymarket Perps MU-USD	+0.0050%	1h	1,038.2	+0.019%	$168K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.1	+0.005%	$681K	$15K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,038.1	+0.011%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.6	−0.040%	$1.9M	$2.7M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.9	−0.012%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.3	+0.033%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.8	−0.016%	$144K	$191K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038	−0.001%	$5.2M	$4.2M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	+0.046%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.3	+0.026%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.3	+0.029%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.7	+0.067%	$531K	$270K	15x	as long as short