Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.006%

Price spread now: SoDEX against Bitget+0.014%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Bitget Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.145%−$14 · spread now +0.014%, 7d avg −0.021%

Together, before fees−0.106%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.035% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MUUSDT	1,031	0	get 0.0000% / 8h	6h 55m	$19.6M	$42.1M	50x
Short	SoDEX MU-USD	1,031.2	0.0050	get 0.0006% / 1h	55m 24s	$677K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bitget. 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 BitgetbpFee SoDEXbpOrdersPrice spread, now +0.014%Rate

Funding earned: $10.5
Price spread: +0.014% → −0.021%: $3.46
Slippage, 4 orders: −$19.62
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$25.66
Costs to cover: 0.396%
Break-even: 24.1 days

Slippage from Bitget: live order book, 4 min ago; SoDEX: live order book, 38 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 Bitget live order book, 4 min ago	0.29 bp	9.0 bp −$9	10.3 bp −$103	doesn't fit	doesn't fit
Sell SoDEX live order book, 38 min ago	0.05 bp	11.8 bp −$12	40.0 bp −$400	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	−0.0959%	4h	1,032.8	+0.172%	$1.3M	$694K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,032.8	+0.170%	$21.1M	$69.8M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,031.7	+0.063%	$121.3M	$552.5M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,031.4	+0.035%	$29.2M	$104.8M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,031.3	+0.024%	$61.5M	$27.5M	75x	as long as short
Bitget MUUSDTlong	0.0000%	8h	1,031	long leg	$19.6M	$42.1M	50x
Variational Omni MU	0.0000%	8h	1,033.1	+0.201%	$2.6M	$2.7M	—	as long as short
StandX MU-USD	0.0000%	1h	1,032.8	+0.168%	$187K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,032.7	+0.159%	$11K	$5.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,032.9	+0.186%	$119K	$490K	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MUUSD	+0.0030%	1h	1,031.8	+0.077%	$3K	$43K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,031.5	+0.045%	$1.1M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.973%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,032.3	+0.126%	—	$178K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,031	−0.002%	$167K	$177K	10x	as long as short
SoDEX MU-USDshort	+0.0050%	1h	1,031.2	+0.014%	$677K	$13K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,031.3	+0.028%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0059%	1h	1,031.7	+0.066%	$7.0M	$19.0M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,031.1	+0.007%	$32K	$1K	10x	as long as short
Paradex MU-USD-PERP	+0.0091%	8h	1,031.7	+0.064%	$2K	—	5x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0099%	1h	1,031.1	+0.009%	$72K	$636K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,031.8	+0.079%	$146K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,031.6	+0.060%	$5.2M	$5.1M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,032.8	+0.171%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,032	+0.090%	$820	$799	20x	as long as short
Bybit MUUSDT	+0.0101%	8h	1,031.5	+0.043%	$18.7M	$32.6M	100x	as long as short
RISEx MU/USDC	+0.0107%	1h	1,031.8	+0.075%	$295K	$373K	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,033.3	+0.225%	$1.4M	$2.3M	20x	as long as short
Lighter MU	+0.0128%	1h	1,031.9	+0.082%	$1.0M	$5.0M	20x	as long as short
tradeXYZ xyz:MU	+0.0137%	1h	1,031.2	+0.017%	$174.4M	$78.5M	10x	as long as short
Arcus MU-USD	+0.0139%	1h	1,031.1	+0.006%	$89K	$233K	10x	as long as short
Nado MU-PERP	+0.0143%	1h	1,031.3	+0.024%	$263K	$809K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,031.6	+0.060%	$730K	$1.2M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,033.1	+0.202%	$529K	$269K	15x	as long as short
Bullet MU-USD	+0.0231%	1h	1,031.4	+0.037%	$26K	$387K	10x	as long as short
Extended MU_24_5-USD	+0.0256%	1h	1,031.3	+0.030%	$542K	$1.1M	10x	as long as short
GRVT MU_USDT_Perp	+0.0356%	8h	1,033.3	+0.225%	$73K	$1.4M	10x	as long as short