Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0249%/8h= −27.3% APRpaid last 24h +0.020%

Price spread now: Bullet against Bitget−0.004%7-day average +0.008% · 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−$32as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on Bitget Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.091%+$9 on $10k

Price spread, last 3 days (all we have)+0.005%$0 · spread now −0.004%, 7d avg +0.008%

Together, before fees+0.095%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.091%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MUUSDT	1,050.9	0.0414	pay 0.0414% / 8h	7h 02m	$20.6M	$41.6M	50x
Short	Bullet MU-USD	1,050.8	0.0165	get 0.0021% / 1h	2m 35s	$25K	$396K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Bitget. 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 BitgetbpFee BulletbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$52.37
Price spread: −0.004% → +0.008%: −$1.21
Slippage, 4 orders: −$10.99
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$84.57
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Bullet: live order book, 6 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 Bitget live order book, 1 min ago	0.48 bp	8.1 bp −$8	10.7 bp −$107	doesn't fit	doesn't fit
Sell Bullet live order book, 6 min ago	1.43 bp	8.3 bp −$8	20.9 bp −$209	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	−0.0631%	4h	1,051.5	+0.060%	$1.3M	$671K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.5	−0.036%	$62.6M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.9	−0.088%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.9	+0.099%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.3	−0.055%	$65K	$313K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.5	−0.039%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,051	+0.012%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.6	−0.029%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.048%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.7	+0.075%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0048%	1h	1,050.5	−0.037%	$1.1M	$4.8M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.6	−0.025%	$171K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.5	−0.039%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.9	−0.090%	$2.0M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,050.4	−0.046%	$7.6M	$21.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0082%	8h	1,050.5	−0.037%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0084%	1h	1,050.2	−0.059%	$274K	$857K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.4	−0.047%	$149K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.5	−0.037%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.9	+0.096%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.7	−0.015%	$835	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0105%	8h	1,050.7	−0.012%	$30.9M	$101.6M	50x	as long as short
Aevo MU-PERP	+0.0152%	1h	1,050.4	−0.041%	$32K	$1K	10x	as long as short
Bullet MU-USDshort	+0.0165%	1h	1,050.8	−0.004%	$25K	$396K	10x
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,050.5	−0.036%	$762K	$1.2M	10x	as long as short
Bybit MUUSDT	+0.0185%	8h	1,051	+0.011%	$19.4M	$32.6M	100x	as long as short
tradeXYZ xyz:MU	+0.0192%	1h	1,050.6	−0.025%	$178.4M	$100.2M	10x	as long as short
Arcus MU-USD	+0.0240%	1h	1,050.9	+0.001%	$71K	$242K	10x	as long as short
Variational Omni MU	+0.0256%	8h	1,051.6	+0.066%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0268%	8h	1,051	+0.010%	$21.6M	$48.4M	20x	as long as short
Binance MUUSDT	+0.0272%	8h	1,050.8	−0.009%	$126.3M	$521.5M	50x	as long as short
Extended MU_24_5-USD	+0.0272%	1h	1,050.1	−0.070%	$558K	$1.2M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,050.7	−0.011%	$316K	$340K	20x	as long as short
Phoenix MU	+0.0383%	1h	1,051.6	+0.070%	$538K	$306K	15x	as long as short
BloFin MU-USDT	+0.0391%	8h	1,050.6	−0.021%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDTlong	+0.0414%	8h	1,050.9	long leg	$20.6M	$41.6M	50x
GRVT MU_USDT_Perp	+0.0582%	8h	1,051.5	+0.061%	$83K	$1.3M	10x	as long as short