Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.047%

Price spread now: Gate against tradeXYZ+0.014%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$430.428% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.205%−$21 on $10k

Price spread, last 7 days−0.003%$0 · spread now +0.014%, 7d avg +0.046%

Together, before fees−0.208%+ Points / potential airdroptradeXYZ: Active · farm board−$21 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 Gate is 0.032% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MU	1,034.3	0.0050	pay 0.0006% / 1h	26m 14s	$175.7M	$93.2M	10x
Short	Gate MU_USDT	1,034.4	0	get 0.0000% / 8h	2h 26m	$61.4M	$28.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.014%Rate

Funding earned: −$10.5
Price spread: +0.014% → +0.046%: −$3.2
Slippage, 4 orders: −$9.8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$56.5
Costs to cover: 0.428%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; Gate: live order book, 3 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, 4 min ago	0.48 bp	10.2 bp −$10	11.8 bp −$118	17.3 bp −$1,731	doesn't fit
Sell Gate live order book, 3 min ago	1.06 bp	12.7 bp −$13	19.4 bp −$194	36.6 bp −$3,661	56.8 bp −$28.4K

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	−0.0305%	4h	1,036.7	+0.230%	$1.3M	$671K	10x	as long as short
Bitget MUUSDT	−0.0063%	8h	1,034.6	+0.033%	$20.3M	$41.1M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,034.8	+0.050%	$21.0M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,034.4	+0.013%	$121.5M	$531.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,034.6	+0.033%	$18.5M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,034.5	+0.015%	$29.8M	$100.3M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,034.6	+0.030%	$316K	$387K	20x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,034.4	+0.014%	$61.4M	$28.4M	75x
Variational Omni MU	0.0000%	8h	1,036	+0.166%	$2.6M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037	+0.264%	$75K	$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	1,034.5	+0.020%	$187K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,035.6	+0.129%	$11K	$5.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,034.6	+0.024%	$127K	$448K	50x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,035.5	+0.112%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,034.2	−0.013%	$7.0M	$18.0M	10x	as long as short
Nado MU-PERP	+0.0027%	1h	1,034.3	0.000%	$276K	$819K	10x	as long as short
Bullet MU-USD	+0.0029%	1h	1,034.7	+0.040%	$25K	$389K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,033.9	−0.044%	$1.2M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,033.7	−0.056%	$538K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.649%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,034.9	+0.060%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,034.2	−0.014%	—	$175K	25x	as long as short
tradeXYZ xyz:MUlong	+0.0050%	1h	1,034.3	long leg	$175.7M	$93.2M	10x
Polymarket Perps MU-USD	+0.0050%	1h	1,034.2	−0.010%	$168K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,034.1	−0.021%	$679K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,033.8	−0.045%	$1.9M	$2.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,034.7	+0.034%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,034.1	−0.016%	$32K	$1K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0098%	1h	1,034.3	−0.003%	$73K	$515K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,034.4	+0.006%	$147K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,034.2	−0.010%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,036	+0.167%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,034.3	−0.004%	$822	$799	20x	as long as short
Lighter MU	+0.0112%	1h	1,034.7	+0.035%	$1.0M	$4.9M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,034.3	+0.001%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,034	−0.031%	$730K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,035	+0.068%	$529K	$270K	15x	as long as short