Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0373%/8h= +40.9% APRpaid last 24h +0.007%

Price spread now: Bitget against edgeX−0.031%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.677%−$68 on $10k

Price spread, last 7 days+0.105%+$10 · spread now −0.031%, 7d avg +0.043%

Together, before fees−0.572%+ Points / potential airdropedgeX: Active · farm board−$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.075% cheaper against edgeX than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of +0.043%). If the spread goes back, that is −$7 on $10k: about 16 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 7 days funding on this pair cost −0.677%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MUUSDC	1,038.8	−0.0451	get 0.0226% / 4h	1h 53m	$1.3M	$672K	10x
Short	Bitget MUUSDT	1,038.5	−0.0078	pay 0.0078% / 8h	1h 53m	$20.2M	$41.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now −0.031%Rate

Funding earned: $78.4
Price spread: −0.031% → +0.043%: −$7.46
Slippage, 4 orders: −$4.64
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: $45.3
Costs to cover: 0.256%
Break-even: 3.0 days

Slippage from edgeX: live order book, just now; Bitget: live order book, 6 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 edgeX live order book, just now	0.29 bp	4.9 bp −$5	6.6 bp −$66	29.5 bp −$2,953	doesn't fit
Sell Bitget live order book, 6 min ago	0.72 bp	7.8 bp −$8	8.8 bp −$88	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 MUUSDClong	−0.0451%	4h	1,038.8	long leg	$1.3M	$672K	10x
Bitget MUUSDTshort	−0.0078%	8h	1,038.5	−0.031%	$20.2M	$41.3M	50x
Aster MUUSD1	0.0000%	8h	1,038.6	−0.019%	$21.2M	$57.4M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.4	−0.041%	$121.7M	$536.8M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.5	−0.033%	$18.6M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.2	−0.062%	$29.9M	$101.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.4	−0.039%	$315K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038	−0.077%	$61.4M	$28.2M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,038.8	−0.004%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.9	+0.006%	$84K	$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	1,037.4	−0.130%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.1	+0.026%	$11K	$5.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037.5	−0.127%	$128K	$441K	50x	as long as short
Bullet MU-USD	+0.0003%	1h	1,038.3	−0.047%	$26K	$390K	10x	as long as short
Nado MU-PERP	+0.0003%	1h	1,037.7	−0.106%	$277K	$817K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,038.8	−0.001%	$3K	$44K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0020%	1h	1,037.8	−0.099%	$74K	$542K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.8	−0.093%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.7	−0.101%	$544K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,038	−0.073%	$7.0M	$18.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.210%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,038.5	−0.031%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.1	−0.065%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.9	−0.086%	$176.5M	$89.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.9	−0.086%	$168K	$196K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,037.8	−0.097%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,038.9	+0.008%	$1.8M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,038.1	−0.066%	$2K	—	5x	as long as short
Lighter MU	+0.0064%	1h	1,037.9	−0.083%	$1.1M	$4.9M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.6	−0.117%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.7	−0.108%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038	−0.080%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,039.2	+0.038%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.7	−0.101%	$825	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,037.6	−0.117%	$732K	$1.3M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.7	−0.010%	$1.4M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,039.4	+0.058%	$532K	$270K	15x	as long as short