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 0.000%

Price spread now: Gate against SunX−0.150%7-day average −0.171% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$810.810% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.150%, 7d avg −0.171%

Together, before fees+0.054%+$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: Gate is 0.021% dearer against SunX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.171%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MU-USDT	1,039.8	0	get 0.0000% / 8h	1h 15m	$11K	$5.6M	10x
Short	Gate MU_USDT	1,038.2	0	get 0.0000% / 8h	1h 15m	$61.6M	$28.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now −0.150%Rate

Funding earned: $0
Price spread: −0.150% → −0.171%: $2.11
Slippage, 4 orders: −$57.95
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$78.84
Costs to cover: 0.810%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Gate: 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 SunX live order book, 3 min ago	21.54 bp	25.5 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.67 bp	10.4 bp −$10	18.2 bp −$182	34.9 bp −$3,490	61.3 bp −$30.6K

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	−0.0331%	4h	1,039.1	−0.061%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0167%	8h	1,038.5	−0.118%	$20.2M	$40.4M	50x	as long as short
Nado MU-PERP	−0.0011%	1h	1,038.3	−0.139%	$279K	$814K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.8	−0.088%	$21.1M	$61.0M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.5	−0.117%	$122.1M	$538.7M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.5	−0.117%	$18.7M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.4	−0.131%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.5	−0.121%	$313K	$387K	20x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,038.2	−0.150%	$61.6M	$28.7M	75x
Variational Omni MU	0.0000%	8h	1,038.4	−0.134%	$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	−0.091%	$84K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,038.4	−0.127%	$188K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,038.5	−0.119%	$26K	$390K	10x	as long as short
SunX MU-USDTlong	0.0000%	8h	1,039.8	long leg	$11K	$5.6M	10x
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.2	−0.148%	$74K	$573K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.3	−0.137%	$128K	$442K	50x	as long as short
Aftermath Perps MUUSD	+0.0013%	1h	1,038.3	−0.142%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,038.6	−0.109%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.5	−0.125%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,038	−0.173%	$537K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,038.3	−0.138%	$7.0M	$18.7M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.117%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,038.2	−0.147%	$90K	$250K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.8	−0.095%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.2	−0.149%	$176.4M	$86.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.1	−0.159%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.5	−0.125%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.9	−0.179%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,038.5	−0.120%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038	−0.170%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.4	−0.127%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.2	−0.150%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.8	−0.088%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.3	−0.136%	$825	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.359%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.6	−0.112%	$1.4M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,039.4	−0.034%	$532K	$270K	15x	as long as short