Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0169%/8h= −18.5% APRpaid last 24h −0.026%

Price spread now: Bitget against tradeXYZ+0.028%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days+0.047%+$5 · spread now +0.028%, 7d avg +0.082%

Together, before fees+0.007%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.054% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.082%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MU	1,041.4	0.0050	pay 0.0006% / 1h	7m 21s	$177.1M	$90.7M	10x
Short	Bitget MUUSDT	1,041.7	−0.0119	pay 0.0119% / 8h	2h 07m	$20.3M	$41.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$35.49
Price spread: +0.028% → +0.082%: −$5.41
Slippage, 4 orders: −$5.22
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$76.12
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 13 min ago; Bitget: live order book, 2 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 tradeXYZ live order book, 13 min ago	0.48 bp	10.2 bp −$10	11.8 bp −$118	16.4 bp −$1,636	doesn't fit
Sell Bitget live order book, 2 min ago	0.53 bp	6.7 bp −$7	8.7 bp −$87	doesn't fit	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	−0.0827%	4h	1,040.2	−0.117%	$1.3M	$671K	10x	as long as short
Bitget MUUSDTshort	−0.0119%	8h	1,041.7	+0.028%	$20.3M	$41.2M	50x
Aster MUUSD1	0.0000%	8h	1,041.8	+0.036%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,041.5	+0.006%	$122.2M	$536.2M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,041.7	+0.032%	$18.7M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,041.6	+0.016%	$30.0M	$101.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,041.7	+0.032%	$316K	$382K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,041.5	+0.012%	$61.7M	$28.6M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,040.3	−0.105%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,040.7	−0.063%	$84K	$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	1,041.3	−0.010%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042.5	+0.103%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,040.9	−0.047%	$74K	$531K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,040.9	−0.049%	$128K	$442K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,039.5	−0.185%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0022%	1h	1,041	−0.034%	$278K	$816K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,041.5	+0.006%	$7.0M	$18.3M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,041.4	−0.004%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,041.1	−0.024%	$544K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.956%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0038%	1h	1,041.6	+0.019%	$26K	$390K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,040	−0.131%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,041.6	+0.020%	—	$175K	25x	as long as short
tradeXYZ xyz:MUlong	+0.0050%	1h	1,041.4	long leg	$177.1M	$90.7M	10x
Polymarket Perps MU-USD	+0.0050%	1h	1,041.4	0.000%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.9	−0.048%	$683K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,040.5	−0.091%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,041.6	+0.015%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,040.5	−0.089%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,041.4	+0.004%	$148K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,041.2	−0.016%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,040.8	−0.062%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,041.4	+0.004%	$828	$799	20x	as long as short
Lighter MU	+0.0104%	1h	1,041.6	+0.016%	$1.1M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.7	−0.069%	$1.4M	$2.1M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.521%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,041	−0.038%	$532K	$270K	15x	as long as short