Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0078%/8h= +8.5% APRpaid last 24h +0.049%

Price spread now: tradeXYZ against Gate−0.010%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

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

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.206%+$21 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.010%, 7d avg −0.045%

Together, before fees+0.218%+ Points / potential airdroptradeXYZ: Active · farm board+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.036% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,052.3	0	get 0.0000% / 8h	4h 33m	$62.3M	$27.5M	75x
Short	tradeXYZ xyz:MU	1,052.2	0.0078	get 0.0010% / 1h	33m 04s	$178.9M	$99.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.010%Rate

Funding earned: $16.29
Price spread: −0.010% → −0.045%: $3.55
Slippage, 4 orders: −$10.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$23.75
Costs to cover: 0.436%
Break-even: 17.2 days

Slippage from Gate: live order book, 6 min ago; tradeXYZ: live order book, 7 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, 6 min ago	1.19 bp	11.8 bp −$12	15.6 bp −$156	37.9 bp −$3,788	74.8 bp −$37.4K
Sell tradeXYZ live order book, 7 min ago	0.47 bp	9.5 bp −$9	10.3 bp −$103	15.3 bp −$1,528	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	−0.0164%	4h	1,052.3	−0.004%	$1.3M	$672K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.5	+0.016%	$31.2M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.5	+0.021%	$334K	$348K	20x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,052.3	long leg	$62.3M	$27.5M	75x
GRVT MU_USDT_Perp	0.0000%	8h	1,052.5	+0.016%	$82K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.7	−0.054%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.3	+0.190%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,052	−0.025%	$69K	$424K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.3	−0.002%	$131K	$436K	50x	as long as short
Aster MUUSD1	+0.0003%	8h	1,052.2	−0.010%	$21.4M	$55.0M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MUUSD	+0.0019%	1h	1,052.2	−0.005%	$3K	$45K	10x	as long as short
Bybit MUUSDT	+0.0025%	8h	1,052.8	+0.043%	$19.1M	$32.3M	100x	as long as short
Variational Omni MU	+0.0032%	8h	1,052.2	−0.007%	$2.7M	$2.4M	—	as long as short
Lighter RH MU	+0.0032%	1h	1,052.3	+0.004%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.8	−0.050%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.089%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052.3	−0.004%	$7.2M	$17.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,052	−0.027%	$71K	$234K	10x	as long as short
Bullet MU-USD	+0.0044%	1h	1,052.6	+0.029%	$25K	$397K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.5	+0.112%	—	$176K	25x	as long as short
Nado MU-PERP	+0.0048%	1h	1,051.9	−0.034%	$282K	$842K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.2	−0.010%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.3	+0.002%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.4	−0.083%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,052.5	+0.020%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.4	+0.011%	$1.1M	$5.1M	20x	as long as short
Binance MUUSDT	+0.0066%	8h	1,052.5	+0.015%	$126.8M	$517.2M	50x	as long as short
tradeXYZ xyz:MUshort	+0.0078%	1h	1,052.2	−0.010%	$178.9M	$99.0M	10x
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.1	−0.016%	$758K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,052	−0.027%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.2	−0.011%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.2	−0.010%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052.7	+0.042%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.4	+0.009%	$837	$799	20x	as long as short
Bitget MUUSDT	+0.0110%	8h	1,052.4	+0.011%	$20.5M	$41.1M	50x	as long as short
BloFin MU-USDT	+0.0186%	8h	1,052.6	+0.024%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.3	0.000%	$538K	$271K	15x	as long as short