Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0613%/8h= −67.1% APRpaid last 24h +0.058%

Price spread now: edgeX against Bitget−0.061%84s7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs+$43as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.236% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.669%+$67 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.061%, 7d avg −0.045%

Together, before fees+0.707%+ Points / potential airdropedgeX: Active · farm board+$71 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: −$18 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.669%, so the current rate has only just turned against you. The two prices were read 84 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	Bitget MUUSDT	1,046.1	0.0136	pay 0.0136% / 8h	44m 05s	$20.5M	$43.6M	50x
Short	edgeX MUUSDC	1,045.5	−0.0477	pay 0.0238% / 4h	44m 05s	$1.3M	$673K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$128.65
Price spread: −0.061% → −0.045%: −$1.56
Slippage, 4 orders: −$2.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$153.84
Costs to cover: 0.236%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; edgeX: live order book, 5 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, 5 min ago	0.05 bp	6.8 bp −$7	9.9 bp −$99	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	0.34 bp	4.9 bp −$5	6.5 bp −$65	29.1 bp −$2,912	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 MUUSDCshort	−0.0477%	4h	1,045.5	−0.061%	$1.3M	$673K	10x
Gate MU_USDT	0.0000%	8h	1,046.2	+0.010%	$63.1M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.5	−0.054%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.3	+0.207%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.8	−0.033%	$124K	$446K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.2	+0.008%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.441%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0035%	1h	1,045.3	−0.073%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.2	+0.013%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,046	−0.010%	$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	1,045.3	−0.076%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0080%	1h	1,046	−0.012%	$7.9M	$24.0M	10x	as long as short
OKX MU-USDT-SWAP	+0.0081%	8h	1,046.3	+0.016%	$30.8M	$105.3M	50x	as long as short
SoDEX MU-USD	+0.0099%	1h	1,046.3	+0.015%	$687K	$16K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046	−0.009%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.7	−0.039%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.6	−0.048%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046.4	+0.025%	$832	$799	20x	as long as short
Bitget MUUSDTlong	+0.0136%	8h	1,046.1	long leg	$20.5M	$43.6M	50x
Aevo MU-PERP	+0.0136%	1h	1,046.2	+0.009%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0154%	8h	1,046	−0.005%	$2K	—	5x	as long as short
Aster MUUSD1	+0.0170%	8h	1,046.9	+0.074%	$21.6M	$47.3M	20x	as long as short
Lighter MU	+0.0184%	1h	1,046.2	+0.011%	$1.0M	$4.8M	20x	as long as short
Variational Omni MU	+0.0200%	8h	1,046.3	+0.019%	$2.6M	$2.5M	—	as long as short
Binance MUUSDT	+0.0212%	8h	1,046.4	+0.027%	$124.9M	$533.2M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.5	−0.059%	$757K	$1.4M	10x	as long as short
Bullet MU-USD	+0.0238%	1h	1,046.3	+0.017%	$25K	$395K	10x	as long as short
Nado MU-PERP	+0.0249%	1h	1,045.5	−0.061%	$270K	$876K	10x	as long as short
GRVT MU_USDT_Perp	+0.0253%	8h	1,045.7	−0.034%	$77K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0285%	8h	1,046.6	+0.050%	$19.2M	$32.6M	100x	as long as short
tradeXYZ xyz:MU	+0.0297%	1h	1,046.2	+0.010%	$176.8M	$105.6M	10x	as long as short
BloFin MU-USDT	+0.0332%	8h	1,046	−0.007%	$1.4M	$2.0M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0343%	1h	1,046.2	+0.012%	$62K	$260K	10x	as long as short
Phoenix MU	+0.0460%	1h	1,046.6	+0.048%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.8	−0.030%	$74K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.6	+0.048%	$317K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0704%	1h	1,045.5	−0.059%	$540K	$1.1M	10x	as long as short