Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC−0.0079%/8hnext payment −$0.10 per $10,000 · paid last 24h −0.053%

Price spread now: Arcus against Coinbase International−0.086%7-day average −0.003% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 3 days (all we have)+0.117%+$12 · spread now −0.086%, 7d avg −0.003%

Together, before fees+0.134%+$13 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 Arcus is 0.083% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,047.3	0.0120	pay 0.0015% / 1h	23m 30s	$770K	$1.7M	10x
Short	Arcus MU-USD	1,046.4	0.0041	get 0.0005% / 1h	23m 30s	$63K	$235K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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 Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now −0.086%Rate

Funding earned: −$16.63
Price spread: −0.086% → −0.003%: −$8.3
Slippage, 4 orders: −$18.46
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$57.9
Costs to cover: 0.330%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Arcus: live order book, 9 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 Coinbase International live order book, 4 min ago	4.07 bp	10.4 bp −$10	15.0 bp −$150	41.6 bp −$4,158	doesn't fit
Sell Arcus live order book, 9 min ago	2.63 bp	6.7 bp −$7	6.9 bp −$69	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	−0.0425%	4h	1,046.9	−0.040%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,046.6	−0.063%	$21.5M	$26.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,046.8	−0.047%	$125.6M	$519.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,046.8	−0.045%	$19.0M	$31.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,046.7	−0.061%	$30.9M	$101.3M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,047	−0.031%	$288K	$331K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,046.5	−0.081%	$63.7M	$28.0M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,046.4	−0.090%	$2.7M	$2.7M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,046.8	−0.051%	$83K	$1.2M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,046.4	−0.082%	$189K	$3.0M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MU-USDT	0.0000%	8h	1,048.6	+0.124%	$11K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,047.1	−0.022%	$125K	$444K	50x	as long as short
Bitget MUUSDT	+0.0023%	8h	1,046.6	−0.072%	$20.1M	$41.0M	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.2	−0.108%	$1.1M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.326%	$14K	$302	12x	as long as short
Arcus MU-USDshort	+0.0041%	1h	1,046.4	−0.086%	$63K	$235K	10x
QFEX MU-USD	+0.0045%	1h	1,046.7	−0.055%	$7.9M	$23.5M	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.9	−0.040%	—	$190K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,046.6	−0.067%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,046.8	−0.052%	$687K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045.7	−0.158%	$1.9M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0056%	8h	1,046.5	−0.081%	$2K	—	5x	as long as short
Lighter MU	+0.0072%	1h	1,046.5	−0.075%	$973K	$4.7M	20x	as long as short
Extended MU_24_5-USD	+0.0072%	1h	1,045.9	−0.132%	$526K	$1.0M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,046.7	−0.053%	$33K	—	10x	as long as short
Bullet MU-USD	+0.0081%	1h	1,047.3	0.000%	$25K	$397K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046.5	−0.077%	$153K	$179K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,046.3	−0.098%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,046.8	−0.053%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046.8	−0.049%	$832	$799	20x	as long as short
tradeXYZ xyz:MU	+0.0112%	1h	1,046.2	−0.105%	$178.8M	$98.5M	10x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0120%	1h	1,047.3	long leg	$770K	$1.7M	10x
BloFin MU-USDT	+0.0120%	8h	1,046.8	−0.052%	$1.5M	$2.0M	20x	as long as short
Nado MU-PERP	+0.0129%	1h	1,046.3	−0.091%	$335K	$797K	10x	as long as short
Aftermath Perps MUUSD	+0.0163%	1h	1,046.8	−0.045%	$3K	$44K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0295%	1h	1,046.8	−0.050%	$55K	$149K	10x	as long as short
Phoenix MU	+0.0305%	1h	1,045.6	−0.162%	$529K	$219K	15x	as long as short