Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.026%

Price spread now: Bybit against HTX+0.038%7-day average +0.004% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.038%, 7d avg +0.004%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.033% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MU-USDT	1,038.1	0	get 0.0000% / 8h	1h 15m	$128K	$442K	50x
Short	Bybit MUUSDT	1,038.5	0	get 0.0000% / 8h	1h 15m	$18.7M	$32.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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 HTXbpFee BybitbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.004%: $3.32
Slippage, 4 orders: −$12.38
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$32.06
Costs to cover: 0.354%
Break-even: never at this rate

Slippage from HTX: live order book, 27 min ago; Bybit: live order book, 3 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 HTX live order book, 27 min ago	0.19 bp	7.0 bp −$7	11.2 bp −$112	22.7 bp −$2,274	doesn't fit
Sell Bybit live order book, 3 min ago	0.72 bp	7.9 bp −$8	9.9 bp −$99	26.7 bp −$2,667	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	−0.0529%	4h	1,038.7	+0.054%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0168%	8h	1,038.7	+0.049%	$20.2M	$40.4M	50x	as long as short
Nado MU-PERP	−0.0010%	1h	1,038.7	+0.049%	$279K	$814K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.9	+0.076%	$21.1M	$60.9M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.5	+0.034%	$122.1M	$538.7M	50x	as long as short
Bybit MUUSDTshort	0.0000%	8h	1,038.5	+0.038%	$18.7M	$32.3M	100x
OKX MU-USDT-SWAP	0.0000%	8h	1,038.4	+0.021%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.7	+0.055%	$313K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.3	+0.019%	$61.6M	$28.7M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,039.2	+0.104%	$2.5M	$2.6M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MU_USDT_Perp	0.0000%	8h	1,038.8	+0.064%	$84K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,039.4	+0.118%	$188K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,038.5	+0.039%	$26K	$390K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.9	+0.170%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.3	+0.012%	$74K	$572K	10x	as long as short
HTX MU-USDTlong	0.0000%	8h	1,038.1	long leg	$128K	$442K	50x
Aftermath Perps MUUSD	+0.0013%	1h	1,038.8	+0.063%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,038.6	+0.048%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.5	+0.033%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,038.2	+0.001%	$537K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,038.6	+0.048%	$7.0M	$18.7M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.273%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,038.4	+0.024%	$90K	$250K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,039	+0.086%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.3	+0.015%	$176.4M	$86.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.3	+0.015%	$169K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.5	+0.033%	$682K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,038.1	−0.007%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,039	+0.084%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.1	−0.001%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.6	+0.041%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.2	+0.010%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,039.3	+0.111%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.4	+0.029%	$826	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.204%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,039.1	+0.092%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,039.4	+0.121%	$532K	$270K	15x	as long as short