Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0114%/8h= +12.5% APRpaid last 24h +0.006%

Price spread now: SoDEX against Bitget−0.013%7-day average −0.021% · 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−$39as in the Price arb table

costs, in and out, $10k−$400.395% of the position

Long on Bitget Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now −0.013%, 7d avg −0.021%

Together, before fees−0.080%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MUUSDT	1,029.3	−0.0064	get 0.0064% / 8h	7h 37m	$19.8M	$40.3M	50x
Short	SoDEX MU-USD	1,029.2	0.0050	get 0.0006% / 1h	37m 01s	$675K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.013%Rate

Funding earned: $23.94
Price spread: −0.013% → −0.021%: $0.84
Slippage, 4 orders: −$19.54
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$14.77
Costs to cover: 0.395%
Break-even: 11.3 days

Slippage from Bitget: live order book, 2 min ago; SoDEX: live order book, 62 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, 2 min ago	0.05 bp	8.0 bp −$8	10.2 bp −$102	doesn't fit	doesn't fit
Sell SoDEX live order book, 62 min ago	0.05 bp	11.9 bp −$12	39.7 bp −$397	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	−0.0646%	4h	1,029.1	−0.017%	$1.3M	$673K	10x	as long as short
Bitget MUUSDTlong	−0.0064%	8h	1,029.3	long leg	$19.8M	$40.3M	50x
Aster MUUSD1	0.0000%	8h	1,029.5	+0.014%	$21.0M	$68.9M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,029.2	−0.012%	$121.2M	$543.5M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,029.2	−0.008%	$18.6M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,028.7	−0.064%	$29.5M	$101.0M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,029.7	+0.041%	$310K	$376K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,029.2	−0.008%	$61.7M	$27.9M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,029.4	+0.005%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,029	−0.034%	$72K	$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	1,029	−0.032%	$186K	$3.6M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,030.6	+0.125%	$11K	$5.4M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,029	−0.035%	$119K	$488K	50x	as long as short
Aftermath Perps MUUSD	+0.0025%	1h	1,029.5	+0.020%	$3K	$43K	10x	as long as short
QFEX MU-USD	+0.0027%	1h	1,029.5	+0.018%	$6.9M	$18.8M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,029.1	−0.019%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,028.6	−0.072%	$543K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.142%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,029	−0.027%	$89K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,028.9	−0.036%	—	$176K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,028.7	−0.059%	$166K	$177K	10x	as long as short
SoDEX MU-USDshort	+0.0050%	1h	1,029.2	−0.013%	$675K	$15K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,028.7	−0.056%	$1.8M	$2.9M	10x	as long as short
Lighter MU	+0.0056%	1h	1,029.3	−0.005%	$988K	$4.9M	20x	as long as short
Paradex MU-USD-PERP	+0.0057%	8h	1,029.6	+0.028%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0072%	1h	1,028.9	−0.040%	$174.0M	$79.4M	10x	as long as short
Nado MU-PERP	+0.0073%	1h	1,029	−0.026%	$262K	$810K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,028.9	−0.037%	$32K	$1K	10x	as long as short
Bullet MU-USD	+0.0086%	1h	1,029.7	+0.037%	$25K	$388K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,029.2	−0.011%	$719K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,029	−0.026%	$146K	$194K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,029	−0.034%	$5.1M	$4.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,028.5	−0.075%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,029.2	−0.013%	$818	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,029.7	+0.037%	$1.5M	$2.2M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0217%	1h	1,029.3	−0.003%	$72K	$628K	10x	as long as short
Phoenix MU	+0.0231%	1h	1,029.9	+0.057%	$527K	$270K	15x	as long as short