Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h −0.033%

Price spread now: Binance against Coinbase International+0.035%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.203%−$20 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.035%, 7d avg +0.021%

Together, before fees−0.167%−$17 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: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.203%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,049.9	0.0096	pay 0.0012% / 1h	28m 10s	$756K	$1.2M	10x
Short	Binance MUUSDT	1,050.3	0.0134	get 0.0134% / 8h	5h 28m	$126.5M	$518.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.035%Rate

Funding earned: $8.08
Price spread: +0.035% → +0.021%: $1.37
Slippage, 4 orders: −$6.74
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$17.3
Costs to cover: 0.267%
Break-even: 22.0 days

Slippage from Coinbase International: live order book, just now; Binance: live order book, 16 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 Coinbase International live order book, just now	2.76 bp	8.2 bp −$8	12.7 bp −$127	46.2 bp −$4,615	doesn't fit
Sell Binance live order book, 16 min ago	0.05 bp	5.3 bp −$5	7.1 bp −$71	15.8 bp −$1,580	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	−0.0330%	4h	1,050.5	+0.053%	$1.3M	$672K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.6	+0.064%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.6	+0.062%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.2	+0.026%	$62.1M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,051.1	+0.111%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.2	+0.029%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.9	+0.190%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.1	+0.018%	$67K	$373K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.1	+0.017%	$129K	$429K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050.1	+0.015%	$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	+0.0024%	8h	1,050.3	+0.036%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.2	+0.023%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.2	+0.026%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.135%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.3	+0.036%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.3	+0.130%	—	$175K	25x	as long as short
Extended MU_24_5-USD	+0.0048%	1h	1,049.8	−0.010%	$564K	$1.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.1	+0.015%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.3	+0.033%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.8	−0.010%	$1.9M	$2.3M	10x	as long as short
Lighter MU	+0.0056%	1h	1,050.3	+0.036%	$1.1M	$4.9M	20x	as long as short
Paradex MU-USD-PERP	+0.0056%	8h	1,050.4	+0.043%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0056%	1h	1,050	+0.002%	$282K	$848K	10x	as long as short
tradeXYZ xyz:MU	+0.0061%	1h	1,050.1	+0.015%	$178.1M	$99.2M	10x	as long as short
Aster MUUSD1	+0.0068%	8h	1,050.4	+0.044%	$21.4M	$52.5M	20x	as long as short
Bullet MU-USD	+0.0072%	1h	1,050.3	+0.035%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0096%	1h	1,049.9	long leg	$756K	$1.2M	10x
Pacifica MU	+0.0100%	1h	1,050	+0.006%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.1	+0.019%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.082%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.3	+0.031%	$835	$799	20x	as long as short
Variational Omni MU	+0.0111%	8h	1,050.9	+0.092%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERP	+0.0112%	1h	1,049.9	+0.001%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0127%	8h	1,050.4	+0.039%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDTshort	+0.0134%	8h	1,050.3	+0.035%	$126.5M	$518.8M	50x
Phoenix MU	+0.0229%	1h	1,050.6	+0.063%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0255%	8h	1,050.6	+0.067%	$1.5M	$2.0M	20x	as long as short