Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0071%/8h= −7.7% APRpaid last 24h −0.006%

Price spread now: Ondo Perps against Bitget−0.054%7-day average −0.099% · you buy dearer than you sell

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

Long on Bitget Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 7 days−0.145%−$15 · spread now −0.054%, 7d avg −0.099%

Together, before fees−0.229%+ Points / potential airdropOndo Perps: Active · farm board−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.044% dearer against Bitget than usual: you sell high and buy low (spread −0.054% now, against its 7-day average of −0.099%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MUUSDT	1,050.4	0.0121	pay 0.0121% / 8h	5h 26m	$20.6M	$41.1M	50x
Short	Ondo Perps MU-USD.P	1,049.8	0.0050	get 0.0006% / 1h	26m 08s	$1.9M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bitget. 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 BitgetbpFee Ondo PerpsbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$14.83
Price spread: −0.054% → −0.099%: $4.44
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$27.39
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; Ondo Perps: no order-book sample. 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 Bitget live order book, 3 min ago	0.05 bp	8.0 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 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	−0.0521%	4h	1,050.6	+0.016%	$1.3M	$670K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.6	+0.018%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.5	+0.008%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.3	−0.008%	$62.1M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.6	+0.022%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,049.8	−0.053%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.1	+0.160%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.1	−0.033%	$67K	$375K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050	−0.035%	$129K	$429K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050	−0.035%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MU-USDT-SWAP	+0.0021%	8h	1,050.4	−0.002%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050	−0.035%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.3	−0.010%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.091%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.6	−0.080%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.1	−0.033%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.1	+0.065%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,050.4	+0.003%	$1.1M	$4.9M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050	−0.038%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.3	−0.014%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.Pshort	+0.0050%	1h	1,049.8	−0.054%	$1.9M	$2.3M	10x
Nado MU-PERP	+0.0054%	1h	1,049.9	−0.049%	$282K	$848K	10x	as long as short
Paradex MU-USD-PERP	+0.0056%	8h	1,050.2	−0.017%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0059%	1h	1,050	−0.038%	$178.1M	$99.2M	10x	as long as short
Aster MUUSD1	+0.0066%	8h	1,050.3	−0.007%	$21.4M	$52.7M	20x	as long as short
Bullet MU-USD	+0.0068%	1h	1,050.3	−0.007%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.044%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.2	−0.019%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.2	−0.023%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.038%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.2	−0.017%	$835	$799	20x	as long as short
Variational Omni MU	+0.0111%	8h	1,050.9	+0.049%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERP	+0.0112%	1h	1,049.9	−0.043%	$32K	$1K	10x	as long as short
Bitget MUUSDTlong	+0.0121%	8h	1,050.4	long leg	$20.6M	$41.1M	50x
Binance MUUSDT	+0.0130%	8h	1,050.4	−0.004%	$126.5M	$518.8M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.6	+0.019%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0253%	8h	1,050.1	−0.026%	$1.5M	$2.0M	20x	as long as short