Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Gate against SoDEX−0.027%7-day average −0.009% · 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−$49as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on SoDEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.063%−$6 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.027%, 7d avg −0.009%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, 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	SoDEX MU-USD	1,047.1	0.0050	pay 0.0006% / 1h	40m 49s	$687K	$16K	10x
Short	Gate MU_USDT	1,046.9	0	get 0.0000% / 8h	3h 40m	$62.2M	$27.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SoDEX. 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 SoDEXbpFee GatebpOrdersPrice spread, now −0.027%Rate

Funding earned: −$10.5
Price spread: −0.027% → −0.009%: −$1.74
Slippage, 4 orders: −$24.33
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$59.56
Costs to cover: 0.473%
Break-even: never at this rate

Slippage from SoDEX: live order book, 13 min ago; Gate: 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 SoDEX live order book, 13 min ago	0.19 bp	12.1 bp −$12	40.2 bp −$402	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.05 bp	12.0 bp −$12	17.2 bp −$172	33.6 bp −$3,364	52.9 bp −$26.5K

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	−0.0697%	4h	1,047.6	+0.040%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,047	−0.012%	$21.3M	$56.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,047	−0.012%	$125.3M	$518.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,047.1	−0.002%	$19.0M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,047	−0.017%	$31.1M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,047.2	+0.005%	$338K	$353K	20x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,046.9	−0.027%	$62.2M	$27.7M	75x
Bitget MUUSDT	0.0000%	8h	1,047.2	+0.006%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,047.2	+0.008%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,048.5	+0.128%	$82K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,047.6	+0.043%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.4	+0.117%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,046.8	−0.037%	$73K	$466K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,047.1	−0.004%	$130K	$431K	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,047.6	+0.043%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,047.3	+0.011%	$7.1M	$17.9M	10x	as long as short
Lighter MU	+0.0032%	1h	1,047	−0.017%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.9	−0.023%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,046.5	−0.063%	$550K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.403%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,047.6	+0.048%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,048.2	+0.102%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,046.7	−0.042%	$177.4M	$97.5M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,047	−0.013%	$170K	$202K	10x	as long as short
SoDEX MU-USDlong	+0.0050%	1h	1,047.1	long leg	$687K	$16K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,047	−0.015%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,047.3	+0.014%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0053%	1h	1,047	−0.009%	$281K	$828K	10x	as long as short
Bullet MU-USD	+0.0065%	1h	1,047.3	+0.015%	$26K	$395K	10x	as long as short
BloFin MU-USDT	+0.0080%	8h	1,047.2	+0.002%	$1.5M	$2.0M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,046.8	−0.030%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,047.5	+0.036%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,046.7	−0.046%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,047.5	+0.038%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,047	−0.014%	$832	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.276%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,048.1	+0.092%	$536K	$271K	15x	as long as short