Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.021%

Price spread now: Gate against Bitget−0.032%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 7 days−0.040%−$4 · spread now −0.032%, 7d avg −0.037%

Together, before fees−0.206%−$21 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MUUSDT	1,044.2	0	get 0.0000% / 8h	3h 23m	$20.5M	$41.6M	50x
Short	Gate MU_USDT	1,043.9	0	get 0.0000% / 8h	3h 23m	$62.0M	$27.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → −0.037%: $0.51
Slippage, 4 orders: −$9.3
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$35.79
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Gate: 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	7.5 bp −$8	12.1 bp −$121	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.00 bp	9.4 bp −$9	13.6 bp −$136	31.8 bp −$3,179	62.4 bp −$31.2K

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	−0.0396%	4h	1,046.6	+0.227%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,045	+0.074%	$21.2M	$56.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,044.2	0.000%	$124.3M	$522.0M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,044.3	+0.011%	$18.7M	$31.8M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,043.9	−0.029%	$30.9M	$99.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,044.2	−0.002%	$337K	$353K	20x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,043.9	−0.032%	$62.0M	$27.8M	75x
Bitget MUUSDTlong	0.0000%	8h	1,044.2	long leg	$20.5M	$41.6M	50x
Variational Omni MU	0.0000%	8h	1,045.4	+0.119%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,046.9	+0.254%	$79K	$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	1,045.6	+0.135%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,044.8	+0.054%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,044.2	−0.002%	$73K	$475K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,044.2	0.000%	$130K	$432K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,045.5	+0.124%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,043.9	−0.032%	$7.0M	$17.9M	10x	as long as short
Lighter MU	+0.0032%	1h	1,044	−0.024%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.9	−0.032%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,043.7	−0.051%	$548K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.686%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,045	+0.079%	$71K	$233K	10x	as long as short
Nado MU-PERP	+0.0041%	1h	1,044.9	+0.066%	$281K	$828K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.1	+0.087%	—	$176K	25x	as long as short
Bullet MU-USD	+0.0046%	1h	1,044.4	+0.019%	$25K	$394K	10x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,043.6	−0.057%	$176.6M	$95.3M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,044.2	0.000%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,044.4	+0.019%	$685K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,044.1	−0.012%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.6	−0.058%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,043.8	−0.039%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,044	−0.016%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,044.3	+0.009%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.8	+0.154%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,044.8	+0.060%	$831	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,045.6	+0.129%	$752K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,045.5	+0.121%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,045.9	+0.163%	$535K	$271K	15x	as long as short