Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0215%/8h= −23.6% APRpaid last 24h +0.014%

Price spread now: Bitget against Injective−1.186%101s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.172%+$17 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 1.186% cheaper against Injective than usual: you would sell low and buy high (−$119 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.172%, so the current rate has only just turned against you. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MU/USDC PERP	1,051.4	0.0033	pay 0.0004% / 1h	19m 43s	$19K	$5K	12x
Short	Bitget MUUSDT	1,038.9	−0.0182	pay 0.0182% / 8h	1h 19m	$20.2M	$40.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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 InjectivebpFee BitgetbpOrdersPrice spread, now −1.186%Rate

Funding earned: −$45.22
Price spread: −1.186% → 0.000%: −$118.61
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$175.85
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 4 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	0.05 bp	7.5 bp −$7	9.9 bp −$99	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0279%	4h	1,038.3	−1.243%	$1.3M	$672K	10x	as long as short
Bitget MUUSDTshort	−0.0182%	8h	1,038.9	−1.186%	$20.2M	$40.4M	50x
Nado MU-PERP	−0.0008%	1h	1,039.1	−1.162%	$279K	$815K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,039.1	−1.165%	$21.1M	$60.3M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.7	−1.206%	$122.0M	$538.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.7	−1.205%	$18.7M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.7	−1.203%	$29.8M	$100.2M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,039.5	−1.130%	$314K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.6	−1.212%	$61.6M	$28.6M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,039.2	−1.154%	$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	−1.192%	$84K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,039.7	−1.111%	$188K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,039.5	−1.128%	$25K	$390K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.6	−1.022%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,039	−1.175%	$74K	$569K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,039	−1.180%	$128K	$441K	50x	as long as short
Aftermath Perps MUUSD	+0.0012%	1h	1,038	−1.269%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,038.7	−1.201%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.6	−1.217%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,038.1	−1.266%	$537K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,039.2	−1.154%	$7.0M	$18.7M	10x	as long as short
Injective MU/USDC PERPlong	+0.0033%	1h	1,051.4	long leg	$19K	$5K	12x
Arcus MU-USD	+0.0040%	1h	1,038.3	−1.242%	$90K	$250K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,039.6	−1.115%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.4	−1.233%	$176.4M	$86.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,039.2	−1.157%	$169K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,039.2	−1.157%	$682K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,038.5	−1.228%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,039	−1.179%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.9	−1.186%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.6	−1.213%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.4	−1.235%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,039.1	−1.169%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,039.3	−1.145%	$826	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−1.459%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,039	−1.175%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,038.9	−1.185%	$531K	$270K	15x	as long as short