Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h +0.012%

Price spread now: Bybit against Vest−0.048%47s7-day average −0.656% · you buy dearer than you sell

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

Long on Vest Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.141%+$14 · spread now −0.048%, 7d avg −0.656%

Together, before fees+0.153%+ Points / potential airdropVest: Active · farm board+$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.609% dearer against Vest than usual: you sell high and buy low (spread −0.048% now, against its 7-day average of −0.656%): +$61 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 47 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	Vest MU-USD-PERP	1,050.7	0.0046	pay 0.0006% / 1h	47m 36s	—	$175K	25x
Short	Bybit MUUSDT	1,050.2	0.0015	get 0.0015% / 8h	5h 47m	$19.1M	$32.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee BybitbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$6.45
Price spread: −0.048% → −0.656%: $60.88
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $41.43
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 1 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 Vest no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	0.76 bp	7.5 bp −$7	10.3 bp −$103	27.0 bp −$2,703	doesn't fit

Vest: 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 36 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	−0.0504%	4h	1,050.4	−0.022%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.2	−0.047%	$333K	$349K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.9	−0.073%	$62.1M	$27.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	−0.050%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.5	+0.079%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.6	−0.099%	$66K	$356K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.6	−0.102%	$129K	$427K	50x	as long as short
Bybit MUUSDTshort	+0.0015%	8h	1,050.2	−0.048%	$19.1M	$32.4M	100x
Aftermath Perps MUUSD	+0.0019%	1h	1,049.9	−0.072%	$3K	$44K	10x	as long as short
GRVT MU_USDT_Perp	+0.0024%	8h	1,050.8	+0.012%	$79K	$1.3M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MU-USD	+0.0030%	1h	1,049.9	−0.074%	$7.2M	$18.4M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.7	−0.089%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.068%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.4	−0.118%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.9	−0.069%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAP	+0.0041%	8h	1,050	−0.059%	$31.0M	$100.0M	50x	as long as short
Vest MU-USD-PERPlong	+0.0046%	1h	1,050.7	long leg	—	$175K	25x
Polymarket Perps MU-USD	+0.0050%	1h	1,049.6	−0.100%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.9	−0.069%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.3	−0.131%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0059%	8h	1,050	−0.065%	$2K	—	5x	as long as short
Lighter MU	+0.0080%	1h	1,049.8	−0.079%	$1.1M	$4.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.068%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050	−0.064%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.9	−0.071%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.014%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050	−0.060%	$835	$799	20x	as long as short
Nado MU-PERP	+0.0104%	1h	1,049.7	−0.094%	$280K	$849K	10x	as long as short
Aster MUUSD1	+0.0105%	8h	1,050.2	−0.045%	$21.4M	$52.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0111%	1h	1,049.7	−0.090%	$178.2M	$99.2M	10x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,049.6	−0.102%	$32K	$1K	10x	as long as short
Variational Omni MU	+0.0144%	8h	1,050.4	−0.020%	$2.7M	$2.3M	—	as long as short
Bullet MU-USD	+0.0145%	1h	1,050.1	−0.056%	$26K	$397K	10x	as long as short
Binance MUUSDT	+0.0162%	8h	1,050	−0.062%	$126.4M	$520.0M	50x	as long as short
Bitget MUUSDT	+0.0162%	8h	1,050	−0.065%	$20.6M	$41.2M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.2	−0.043%	$537K	$271K	15x	as long as short