Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0224%/8h= −24.5% APRpaid last 24h −0.075%

Price spread now: Gate against Coinbase International+0.011%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

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

costs, in and out, $10k−$360.361% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.368%−$37 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now +0.011%, 7d avg +0.009%

Together, before fees−0.337%−$34 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,045.5	0.0224	pay 0.0028% / 1h	37m 56s	$757K	$1.4M	10x
Short	Gate MU_USDT	1,045.6	0	get 0.0000% / 8h	37m 56s	$63.0M	$29.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.011%Rate

Funding earned: −$47.04
Price spread: +0.011% → +0.009%: $0.27
Slippage, 4 orders: −$11.13
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$82.91
Costs to cover: 0.361%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Gate: live order book, 1 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, 1 min ago	3.40 bp	8.7 bp −$9	13.7 bp −$137	59.8 bp −$5,983	doesn't fit
Sell Gate live order book, 1 min ago	0.72 bp	9.1 bp −$9	14.9 bp −$149	33.2 bp −$3,320	61.6 bp −$30.8K

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	−0.0600%	4h	1,046	+0.054%	$1.3M	$672K	10x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,045.6	+0.011%	$63.0M	$29.0M	75x
StandX MU-USD	0.0000%	1h	1,045.5	+0.003%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.7	+0.209%	$11K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.5	+0.007%	$124K	$444K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.6	+0.011%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.501%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0034%	1h	1,045.7	+0.017%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.1	+0.056%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.5	+0.003%	$166K	$197K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MU-USD	+0.0050%	1h	1,045.7	+0.017%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.9	−0.055%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.8	+0.030%	$7.9M	$23.9M	10x	as long as short
OKX MU-USDT-SWAP	+0.0081%	8h	1,045.9	+0.038%	$30.8M	$105.2M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,045.9	+0.043%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.6	+0.011%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.6	+0.012%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.6	+0.013%	$831	$799	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0104%	1h	1,045.7	+0.020%	$62K	$263K	10x	as long as short
Bitget MUUSDT	+0.0135%	8h	1,045.8	+0.029%	$20.5M	$43.6M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,045.6	+0.012%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0143%	8h	1,045.7	+0.023%	$2K	—	5x	as long as short
Lighter MU	+0.0144%	1h	1,045.5	+0.003%	$997K	$4.8M	20x	as long as short
Aster MUUSD1	+0.0174%	8h	1,046.3	+0.082%	$21.6M	$47.3M	20x	as long as short
Bullet MU-USD	+0.0196%	1h	1,045.7	+0.026%	$24K	$394K	10x	as long as short
Variational Omni MU	+0.0202%	8h	1,046.1	+0.058%	$2.6M	$2.5M	—	as long as short
Binance MUUSDT	+0.0213%	8h	1,045.8	+0.032%	$124.7M	$533.0M	50x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0224%	1h	1,045.5	long leg	$757K	$1.4M	10x
Nado MU-PERP	+0.0226%	1h	1,045.4	−0.011%	$270K	$877K	10x	as long as short
GRVT MU_USDT_Perp	+0.0255%	8h	1,046.3	+0.082%	$82K	$1.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0269%	1h	1,045.7	+0.022%	$176.7M	$105.0M	10x	as long as short
Bybit MUUSDT	+0.0284%	8h	1,046	+0.053%	$19.2M	$32.6M	100x	as long as short
BloFin MU-USDT	+0.0333%	8h	1,046.1	+0.064%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0460%	1h	1,046.4	+0.089%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.6	+0.011%	$74K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.2	+0.066%	$316K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0648%	1h	1,045.2	−0.026%	$542K	$1.1M	10x	as long as short