Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.023%

Price spread now: Bybit against tradeXYZ+0.022%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 7 days+0.006%+$1 · spread now +0.022%, 7d avg +0.073%

Together, before fees−0.083%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.051% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.073%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MU	1,050.5	0.0252	pay 0.0031% / 1h	24m 41s	$178.3M	$100.3M	10x
Short	Bybit MUUSDT	1,050.7	0.0197	get 0.0197% / 8h	7h 24m	$19.4M	$32.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$11.52
Price spread: +0.022% → +0.073%: −$5.15
Slippage, 4 orders: −$6.29
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$51.96
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; Bybit: 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	10.3 bp −$10	11.3 bp −$113	15.4 bp −$1,544	doesn't fit
Sell Bybit live order book, 4 min ago	0.19 bp	6.5 bp −$6	11.8 bp −$118	37.6 bp −$3,755	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	−0.0576%	4h	1,052.5	+0.193%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.2	+0.069%	$62.8M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,051.5	+0.095%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.6	+0.199%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.1	+0.052%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.8	+0.031%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,050.4	−0.008%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.5	+0.004%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.082%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.1	+0.154%	—	$179K	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	1,051	+0.048%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.7	+0.117%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,051.3	+0.078%	$7.7M	$22.1M	10x	as long as short
Nado MU-PERP	+0.0083%	1h	1,051.1	+0.054%	$274K	$857K	10x	as long as short
Paradex MU-USD-PERP	+0.0093%	8h	1,051.4	+0.087%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,050.6	+0.012%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.7	+0.022%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	+0.139%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.4	+0.087%	$836	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0104%	8h	1,050.4	−0.010%	$30.9M	$101.8M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,051	+0.048%	$32K	$1K	10x	as long as short
SoDEX MU-USD	+0.0139%	1h	1,051.2	+0.068%	$690K	$16K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	−0.204%	$759K	$1.2M	10x	as long as short
Bybit MUUSDTshort	+0.0197%	8h	1,050.7	+0.022%	$19.4M	$32.6M	100x
Bullet MU-USD	+0.0224%	1h	1,051.4	+0.088%	$26K	$396K	10x	as long as short
Variational Omni MU	+0.0224%	8h	1,051.7	+0.110%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0235%	8h	1,050.7	+0.022%	$21.6M	$48.3M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0235%	1h	1,051.1	+0.059%	$64K	$304K	10x	as long as short
Binance MUUSDT	+0.0237%	8h	1,050.5	−0.003%	$126.0M	$522.7M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,051.3	+0.071%	$71K	$243K	10x	as long as short
tradeXYZ xyz:MUlong	+0.0252%	1h	1,050.5	long leg	$178.3M	$100.3M	10x
RISEx MU/USDC	+0.0312%	1h	1,051.5	+0.096%	$316K	$339K	20x	as long as short
BloFin MU-USDT	+0.0355%	8h	1,051.3	+0.073%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0372%	8h	1,050.8	+0.027%	$20.6M	$41.6M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.2	−0.029%	$537K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0400%	1h	1,050.8	+0.033%	$570K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0551%	8h	1,052.6	+0.198%	$83K	$1.3M	10x	as long as short