Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0326%/8h= −35.6% APRpaid last 24h −0.018%

Price spread now: Bitget against Arcus+0.040%7-day average +0.045% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Arcus Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.101%−$10 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.040%, 7d avg +0.045%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.101% in total (about -10.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MU-USD	1,045.8	0.0462	pay 0.0058% / 1h	46m 34s	$74K	$240K	10x
Short	Bitget MUUSDT	1,046.3	0.0136	get 0.0136% / 8h	46m 34s	$20.5M	$43.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Arcus. 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 ArcusbpFee BitgetbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$68.36
Price spread: +0.040% → +0.045%: −$0.51
Slippage, 4 orders: −$9.1
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$94.48
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from Arcus: live order book, 32 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 Arcus live order book, 32 min ago	2.54 bp	4.8 bp −$5	9.2 bp −$92	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.05 bp	7.0 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	−0.0477%	4h	1,045.5	−0.035%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,046.2	+0.035%	$63.1M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.1	−0.070%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.4	+0.244%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.8	0.000%	$124K	$446K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.2	+0.031%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.467%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0036%	1h	1,044.7	−0.107%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.8	−0.001%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.6	−0.022%	$166K	$197K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.6	−0.115%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0080%	8h	1,046.3	+0.044%	$30.8M	$105.2M	50x	as long as short
QFEX MU-USD	+0.0080%	1h	1,046.3	+0.049%	$7.8M	$23.9M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046.3	+0.049%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.4	−0.045%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.9	+0.005%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046.2	+0.031%	$832	$799	20x	as long as short
SoDEX MU-USD	+0.0132%	1h	1,046.1	+0.024%	$687K	$16K	10x	as long as short
Bitget MUUSDTshort	+0.0136%	8h	1,046.3	+0.040%	$20.5M	$43.6M	50x
Aevo MU-PERP	+0.0136%	1h	1,045.9	+0.008%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0157%	8h	1,046.2	+0.037%	$2K	—	5x	as long as short
Aster MUUSD1	+0.0164%	8h	1,046.6	+0.071%	$21.6M	$47.3M	20x	as long as short
Variational Omni MU	+0.0189%	8h	1,045.5	−0.032%	$2.6M	$2.5M	—	as long as short
Lighter MU	+0.0200%	1h	1,046.2	+0.033%	$1.0M	$4.8M	20x	as long as short
Binance MUUSDT	+0.0211%	8h	1,046.4	+0.057%	$124.9M	$533.0M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.6	−0.027%	$757K	$1.4M	10x	as long as short
GRVT MU_USDT_Perp	+0.0253%	8h	1,045.7	−0.009%	$77K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0260%	1h	1,045.5	−0.027%	$270K	$875K	10x	as long as short
Bullet MU-USD	+0.0265%	1h	1,046	+0.016%	$24K	$396K	10x	as long as short
Bybit MUUSDT	+0.0285%	8h	1,046.6	+0.074%	$19.2M	$32.6M	100x	as long as short
tradeXYZ xyz:MU	+0.0313%	1h	1,046.2	+0.035%	$176.8M	$105.6M	10x	as long as short
BloFin MU-USDT	+0.0329%	8h	1,046.4	+0.050%	$1.4M	$2.0M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0353%	1h	1,045.9	+0.010%	$62K	$257K	10x	as long as short
Phoenix MU	+0.0460%	1h	1,045.9	+0.007%	$535K	$306K	15x	as long as short
Arcus MU-USDlong	+0.0462%	1h	1,045.8	long leg	$74K	$240K	10x
RISEx MU/USDC	+0.0525%	1h	1,046.7	+0.082%	$317K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0720%	1h	1,045.3	−0.055%	$540K	$1.1M	10x	as long as short