Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0211%/8h= −23.1% APRpaid last 24h −0.023%

Price spread now: Bitget against Extended+0.019%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.032%+$3 · spread now +0.019%, 7d avg +0.067%

Together, before fees+0.013%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.048% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.067%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,037.9	0.0032	pay 0.0004% / 1h	36m 34s	$546K	$1.1M	10x
Short	Bitget MUUSDT	1,038.1	−0.0179	pay 0.0179% / 8h	36m 34s	$20.2M	$40.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$44.31
Price spread: +0.019% → +0.067%: −$4.8
Slippage, 4 orders: −$4.77
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$70.88
Costs to cover: 0.218%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Bitget: live order book, 2 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 Extended live order book, 2 min ago	0.10 bp	3.1 bp −$3	12.2 bp −$122	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.05 bp	7.2 bp −$7	8.7 bp −$87	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	−0.0435%	4h	1,037.9	+0.001%	$1.3M	$672K	10x	as long as short
Bitget MUUSDTshort	−0.0179%	8h	1,038.1	+0.019%	$20.2M	$40.1M	50x
Aster MUUSD1	0.0000%	8h	1,038.4	+0.048%	$21.2M	$65.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.2	+0.022%	$122.1M	$538.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038	+0.009%	$18.7M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038	+0.007%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.2	+0.027%	$313K	$385K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.8	−0.009%	$61.4M	$28.3M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,038.9	+0.095%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038	+0.008%	$71K	$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	1,038	+0.011%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.7	+0.170%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,037.7	−0.020%	$74K	$606K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037.7	−0.019%	$127K	$479K	50x	as long as short
Aftermath Perps MUUSD	+0.0016%	1h	1,037.8	−0.013%	$3K	$44K	10x	as long as short
Bullet MU-USD	+0.0020%	1h	1,038	+0.012%	$25K	$390K	10x	as long as short
Nado MU-PERP	+0.0020%	1h	1,037.9	−0.006%	$279K	$808K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038	+0.008%	$7.0M	$18.8M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.1	+0.014%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USDlong	+0.0032%	1h	1,037.9	long leg	$546K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.294%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,038.2	+0.025%	$1.0M	$4.9M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.5	−0.040%	$90K	$245K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.2	+0.028%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.9	−0.003%	$176.4M	$82.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.7	−0.022%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,037.9	−0.001%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.5	−0.044%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,038	+0.003%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.5	−0.040%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,037.9	−0.003%	$725K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038	+0.008%	$147K	$188K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.8	−0.012%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	+0.055%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.9	−0.005%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038	+0.008%	$1.4M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.9	+0.093%	$531K	$270K	15x	as long as short