Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Gate+0.060%7-day average +0.686% · you sell dearer than you buy

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

Long on Gate Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.045%+$4 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.060%, 7d avg +0.686%

Together, before fees−0.098%+ Points / potential airdropVest: Active · farm board−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Vest is 0.626% cheaper against Gate than usual: you would sell low and buy high (spread +0.060% now, against its 7-day average of +0.686%). If the spread goes back, that is −$63 on $10k: about 46 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,050.6	0	get 0.0000% / 8h	5h 52m	$62.1M	$27.4M	75x
Short	Vest MU-USD-PERP	1,051.2	0.0046	get 0.0006% / 1h	52m 12s	—	$175K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Gate. 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 GatebpFee VestbpOrdersPrice spread, now +0.060%Rate

Funding earned: $9.59
Price spread: +0.060% → +0.686%: −$62.59
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Vest: 1 bp × 2 orders: −$2
Net: −$70
Costs to cover: 0.170%
Break-even: 58.1 days

Slippage unknown: Gate: live order book, 2 min ago; Vest: 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 Gate live order book, 2 min ago	1.76 bp	11.5 bp −$12	18.3 bp −$183	38.0 bp −$3,803	75.5 bp −$37.7K
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 36 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	−0.0453%	4h	1,050.4	−0.016%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.9	+0.027%	$333K	$349K	20x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,050.6	long leg	$62.1M	$27.4M	75x
StandX MU-USD	0.0000%	1h	1,050.1	−0.052%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.4	+0.166%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.4	−0.020%	$129K	$427K	50x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,050.2	−0.041%	$3K	$45K	10x	as long as short
GRVT MU_USDT_Perp	+0.0020%	8h	1,050.7	+0.011%	$79K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0021%	8h	1,050.4	−0.019%	$19.2M	$32.4M	100x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.5	−0.010%	$7.3M	$18.5M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,050.4	−0.021%	$1.2M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.8	−0.077%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.071%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.2	−0.035%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAP	+0.0043%	8h	1,050.6	−0.002%	$31.0M	$100.2M	50x	as long as short
Vest MU-USD-PERPshort	+0.0046%	1h	1,051.2	+0.060%	—	$175K	25x
Polymarket Perps MU-USD	+0.0050%	1h	1,050.4	−0.020%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.6	−0.005%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.8	−0.073%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0060%	8h	1,050.9	+0.023%	$2K	—	5x	as long as short
Lighter MU	+0.0096%	1h	1,050.4	−0.016%	$1.1M	$4.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.064%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.7	+0.011%	$149K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.5	−0.010%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.9	+0.026%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.7	+0.005%	$835	$799	20x	as long as short
Nado MU-PERP	+0.0110%	1h	1,050.1	−0.052%	$280K	$850K	10x	as long as short
Aster MUUSD1	+0.0112%	8h	1,050.4	−0.019%	$21.5M	$52.1M	20x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,050.4	−0.023%	$32K	$1K	10x	as long as short
tradeXYZ xyz:MU	+0.0136%	1h	1,050.4	−0.020%	$178.3M	$99.2M	10x	as long as short
Variational Omni MU	+0.0148%	8h	1,050.2	−0.038%	$2.7M	$2.3M	—	as long as short
Deribit MU_USDC-PERPETUAL	+0.0150%	1h	1,050.3	−0.032%	$66K	$353K	10x	as long as short
Bullet MU-USD	+0.0162%	1h	1,050.8	+0.019%	$26K	$397K	10x	as long as short
Binance MUUSDT	+0.0166%	8h	1,050.6	+0.003%	$126.6M	$520.2M	50x	as long as short
Bitget MUUSDT	+0.0171%	8h	1,050.5	−0.010%	$20.6M	$41.2M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.7	+0.009%	$537K	$271K	15x	as long as short