Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.041%

Price spread now: Bitget against RISEx−0.001%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.022%−$2 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.001%, 7d avg −0.006%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MU/USDC	1,035.4	0.0107	pay 0.0013% / 1h	7m 56s	$295K	$351K	20x
Short	Bitget MUUSDT	1,035.4	0	get 0.0000% / 8h	6h 07m	$19.8M	$42.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against RISEx. 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 RISExbpFee BitgetbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$22.47
Price spread: −0.001% → −0.006%: $0.49
Slippage, 4 orders: −$6.64
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$46.62
Costs to cover: 0.246%
Break-even: never at this rate

Slippage from RISEx: live order book, 43 min ago; Bitget: live order book, 4 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 RISEx live order book, 43 min ago	1.07 bp	4.1 bp −$4	5.7 bp −$57	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.05 bp	8.3 bp −$8	10.9 bp −$109	doesn't fit	doesn't fit

MU on 37 exchanges

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	−0.0330%	4h	1,035.1	−0.024%	$1.3M	$694K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,036.1	+0.071%	$21.2M	$73.0M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,035.5	+0.016%	$120.9M	$550.2M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,035.5	+0.008%	$29.4M	$106.5M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,035.2	−0.019%	$61.6M	$28.0M	75x	as long as short
Bitget MUUSDTshort	0.0000%	8h	1,035.4	−0.001%	$19.8M	$42.8M	50x
Variational Omni MU	0.0000%	8h	1,035.2	−0.014%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,034.3	−0.109%	$187K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,037.2	+0.179%	$11K	$5.1M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,035.2	−0.015%	$119K	$474K	50x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,035.1	−0.023%	$1.1M	$4.6M	10x	as long as short
Aftermath Perps MUUSD	+0.0032%	1h	1,034.4	−0.095%	$3K	$42K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.543%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,036	+0.056%	—	$177K	25x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0050%	1h	1,034.8	−0.058%	$39K	$709K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,035.2	−0.017%	$167K	$178K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,035.3	−0.012%	$679K	$13K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,033.9	−0.143%	$1.9M	$3.2M	10x	as long as short
Bybit MUUSDT	+0.0052%	8h	1,035.6	+0.023%	$18.8M	$32.3M	100x	as long as short
QFEX MU-USD	+0.0059%	1h	1,035.2	−0.018%	$7.0M	$19.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0070%	8h	1,035.1	−0.023%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,034.9	−0.049%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,035.3	−0.011%	$146K	$223K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,034.7	−0.069%	$5.2M	$5.7M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,035.7	+0.027%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,035.3	−0.011%	$823	$799	20x	as long as short
RISEx MU/USDClong	+0.0107%	1h	1,035.4	long leg	$295K	$351K	20x
BloFin MU-USDT	+0.0120%	8h	1,035.4	+0.006%	$1.4M	$2.5M	20x	as long as short
Nado MU-PERP	+0.0125%	1h	1,034.7	−0.064%	$270K	$839K	10x	as long as short
Arcus MU-USD	+0.0139%	1h	1,034.9	−0.044%	$90K	$148K	10x	as long as short
Lighter MU	+0.0144%	1h	1,035.3	−0.008%	$1.0M	$5.1M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,033.5	−0.181%	$732K	$1.1M	10x	as long as short
tradeXYZ xyz:MU	+0.0182%	1h	1,035.1	−0.027%	$175.7M	$75.1M	10x	as long as short
GRVT MU_USDT_Perp	+0.0183%	8h	1,035.5	+0.011%	$76K	$1.4M	10x	as long as short
Bullet MU-USD	+0.0209%	1h	1,035.4	+0.001%	$25K	$386K	10x	as long as short
Extended MU_24_5-USD	+0.0304%	1h	1,034.3	−0.101%	$549K	$1.1M	10x	as long as short
Phoenix MU	+0.0310%	1h	1,035.5	+0.012%	$530K	$269K	15x	as long as short