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 +0.026%

Price spread now: Bybit against Gate+0.015%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 7 days+0.012%+$1 · spread now +0.015%, 7d avg +0.028%

Together, before fees+0.132%+$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,036.1	0	get 0.0000% / 8h	59m 19s	$61.4M	$28.2M	75x
Short	Bybit MUUSDT	1,036.3	0	get 0.0000% / 8h	59m 19s	$18.7M	$32.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.028%: −$1.28
Slippage, 4 orders: −$12.18
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$39.46
Costs to cover: 0.382%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Bybit: live order book, 4 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 Gate live order book, 5 min ago	0.77 bp	12.1 bp −$12	18.8 bp −$188	44.1 bp −$4,413	79.8 bp −$39.9K
Sell Bybit live order book, 4 min ago	0.10 bp	7.9 bp −$8	9.9 bp −$99	24.9 bp −$2,495	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	−0.0242%	4h	1,036.6	+0.050%	$1.3M	$674K	10x	as long as short
Bitget MUUSDT	−0.0168%	8h	1,036.4	+0.029%	$20.2M	$40.3M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,036.4	+0.031%	$21.1M	$64.1M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,036.2	+0.006%	$122.0M	$538.9M	50x	as long as short
Bybit MUUSDTshort	0.0000%	8h	1,036.3	+0.015%	$18.7M	$32.2M	100x
OKX MU-USDT-SWAP	0.0000%	8h	1,036.2	+0.005%	$29.7M	$99.9M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,036.3	+0.015%	$313K	$386K	20x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,036.1	long leg	$61.4M	$28.2M	75x
Variational Omni MU	0.0000%	8h	1,036.4	+0.032%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.8	+0.071%	$83K	$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	1,036.6	+0.048%	$187K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,038	+0.186%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,036	−0.014%	$74K	$584K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,035.9	−0.015%	$127K	$460K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,036.7	+0.061%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.1	+0.001%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,035.7	−0.035%	$547K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,036.2	+0.006%	$7.0M	$18.8M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.473%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,036.2	+0.014%	$1.0M	$4.9M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036.5	+0.042%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,036.3	+0.014%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,035.9	−0.019%	$176.1M	$85.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,035.9	−0.019%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,036.2	+0.013%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,035.9	−0.015%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,036.2	+0.007%	$2K	—	5x	as long as short
Bullet MU-USD	+0.0061%	1h	1,036.3	+0.023%	$25K	$390K	10x	as long as short
Nado MU-PERP	+0.0075%	1h	1,035.8	−0.028%	$278K	$809K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,035.8	−0.025%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.8	+0.259%	$734K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,036.3	+0.019%	$147K	$188K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036	−0.013%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,036.1	+0.004%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.2	+0.012%	$824	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.5	+0.039%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,036.8	+0.068%	$530K	$270K	15x	as long as short