Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against Gate+0.012%7-day average +0.010% · 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−$43as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.061%+$6 on $10k

Price spread, last 3 days (all we have)−0.042%−$4 · spread now +0.012%, 7d avg +0.010%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

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 56m	$62.3M	$27.3M	75x
Short	SoDEX MU-USD	1,048.7	0.0050	get 0.0006% / 1h	56m 02s	$688K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.012%Rate

Funding earned: $10.5
Price spread: +0.012% → +0.010%: $0.27
Slippage, 4 orders: −$20.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$32.84
Costs to cover: 0.436%
Break-even: 28.9 days

Slippage from Gate: live order book, 3 min ago; SoDEX: live order book, 13 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, 3 min ago	0.76 bp	10.1 bp −$10	15.6 bp −$156	40.2 bp −$4,022	77.6 bp −$38.8K
Sell SoDEX live order book, 13 min ago	0.05 bp	11.9 bp −$12	41.5 bp −$415	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	−0.0855%	4h	1,050.5	+0.184%	$1.3M	$670K	10x	as long as short
Nado MU-PERP	−0.0006%	1h	1,048.3	−0.025%	$271K	$859K	10x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,048.5	long leg	$62.3M	$27.3M	75x
StandX MU-USD	0.0000%	1h	1,049.1	+0.056%	$190K	$3.3M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,048.6	+0.008%	$26K	$397K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,049.6	+0.103%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.3	−0.022%	$65K	$315K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.2	−0.029%	$129K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,049.7	+0.109%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,048.5	+0.002%	$1.1M	$4.8M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,048.6	+0.003%	$1.2M	$4.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,048.3	−0.018%	$7.5M	$20.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.6	+0.105%	$71K	$242K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,049.7	+0.111%	—	$179K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,048.6	+0.008%	$177.9M	$100.3M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.4	−0.011%	$170K	$203K	10x	as long as short
SoDEX MU-USDshort	+0.0050%	1h	1,048.7	+0.012%	$688K	$16K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.1	+0.052%	$1.9M	$2.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0078%	8h	1,048.5	−0.005%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0094%	8h	1,048.9	+0.032%	$30.9M	$101.4M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048.8	+0.026%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,048.7	+0.015%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.4	+0.177%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.9	+0.032%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.271%	$19K	$5K	12x	as long as short
Bybit MUUSDT	+0.0113%	8h	1,049	+0.050%	$19.3M	$32.7M	100x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,049.6	+0.101%	$761K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0144%	1h	1,048.3	−0.019%	$32K	$1K	10x	as long as short
Extended MU_24_5-USD	+0.0168%	1h	1,048.2	−0.028%	$563K	$1.2M	10x	as long as short
Variational Omni MU	+0.0251%	8h	1,048.5	−0.001%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0262%	8h	1,049.2	+0.063%	$21.6M	$49.1M	20x	as long as short
Binance MUUSDT	+0.0266%	8h	1,049	+0.041%	$125.8M	$523.0M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.9	+0.227%	$538K	$273K	15x	as long as short
Bitget MUUSDT	+0.0386%	8h	1,048.8	+0.022%	$20.5M	$41.6M	50x	as long as short
BloFin MU-USDT	+0.0388%	8h	1,049.6	+0.103%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,048.7	+0.014%	$315K	$340K	20x	as long as short
GRVT MU_USDT_Perp	+0.0514%	8h	1,050.4	+0.179%	$83K	$1.3M	10x	as long as short