Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.041%

Price spread now: Deribit against Gate+0.014%7-day average +0.005% · 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−$50as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.064%+$6 on $10k

Price spread, last 3 days (all we have)−0.040%−$4 · spread now +0.014%, 7d avg +0.005%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,048.5	0	get 0.0000% / 8h	6h 39m	$62.1M	$27.6M	75x
Short	Deribit MU_USDC-PERPETUAL	1,048.6	0	get 0.0000% / 1h	39m 17s	$65K	$327K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → +0.005%: $0.93
Slippage, 4 orders: −$28.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$49.8
Costs to cover: 0.507%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Deribit: live order book, 29 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 Gate live order book, 5 min ago	0.52 bp	13.1 bp −$13	18.9 bp −$189	46.0 bp −$4,605	83.8 bp −$41.9K
Sell Deribit live order book, 29 min ago	3.09 bp	14.5 bp −$15	19.9 bp −$199	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	−0.0658%	4h	1,049.1	+0.059%	$1.3M	$670K	10x	as long as short
Nado MU-PERP	−0.0005%	1h	1,048.4	−0.003%	$274K	$858K	10x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,048.5	long leg	$62.1M	$27.6M	75x
StandX MU-USD	0.0000%	1h	1,048.4	−0.004%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,048.7	+0.018%	$26K	$396K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,049.4	+0.092%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUALshort	0.0000%	1h	1,048.6	+0.014%	$65K	$327K	10x
HTX MU-USDT	0.0000%	8h	1,048.6	+0.011%	$129K	$429K	50x	as long as short
Bybit MUUSDT	+0.0011%	8h	1,049.1	+0.062%	$19.2M	$32.7M	100x	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,048.8	+0.026%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,048.3	−0.016%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,048.4	−0.010%	$1.1M	$4.1M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,048.5	+0.003%	$566K	$1.2M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,048.4	−0.012%	$7.5M	$20.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,048.8	+0.027%	$71K	$242K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,049.6	+0.108%	—	$176K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.4	−0.008%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,048.6	+0.015%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.9	−0.058%	$1.9M	$2.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0058%	1h	1,048.5	+0.002%	$178.0M	$99.9M	10x	as long as short
Paradex MU-USD-PERP	+0.0069%	8h	1,048.6	+0.009%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0074%	8h	1,049	+0.049%	$30.8M	$100.6M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048.5	+0.002%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,048.6	+0.010%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,048.5	−0.001%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.9	+0.041%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.275%	$19K	$5K	12x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,048.1	−0.038%	$759K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,048.5	+0.002%	$32K	$1K	10x	as long as short
GRVT MU_USDT_Perp	+0.0186%	8h	1,049.4	+0.092%	$81K	$1.3M	10x	as long as short
Aster MUUSD1	+0.0210%	8h	1,048.9	+0.044%	$21.6M	$49.9M	20x	as long as short
Variational Omni MU	+0.0219%	8h	1,049	+0.054%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0227%	8h	1,048.9	+0.043%	$126.3M	$524.6M	50x	as long as short
Bitget MUUSDT	+0.0298%	8h	1,048.9	+0.043%	$20.3M	$41.9M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,049.3	+0.078%	$537K	$273K	15x	as long as short
BloFin MU-USDT	+0.0368%	8h	1,049.8	+0.127%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,048.6	+0.014%	$333K	$348K	20x	as long as short