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 +0.017%

Price spread now: Bybit against OKX+0.007%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

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

costs, in and out, $10k−$270.269% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days−0.002%$0 · spread now +0.007%, 7d avg +0.005%

Together, before fees−0.005%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MU-USDT-SWAP	1,045.5	0	get 0.0000% / 8h	3h 16m	$30.9M	$99.7M	50x
Short	Bybit MUUSDT	1,045.6	0	get 0.0000% / 8h	3h 16m	$18.7M	$31.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → +0.005%: $0.16
Slippage, 4 orders: −$5.87
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.71
Costs to cover: 0.269%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bybit: 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 OKX live order book, 3 min ago	0.05 bp	5.2 bp −$5	7.5 bp −$75	23.8 bp −$2,380	doesn't fit
Sell Bybit live order book, 2 min ago	0.38 bp	7.4 bp −$7	10.1 bp −$101	26.5 bp −$2,649	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	−0.0350%	4h	1,044.9	−0.052%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,045.3	−0.021%	$21.2M	$56.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,045.3	−0.015%	$124.1M	$523.1M	50x	as long as short
Bybit MUUSDTshort	0.0000%	8h	1,045.6	+0.007%	$18.7M	$31.8M	100x
OKX MU-USDT-SWAPlong	0.0000%	8h	1,045.5	long leg	$30.9M	$99.7M	50x
RISEx MU/USDC	0.0000%	1h	1,045.5	−0.003%	$337K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.1	−0.033%	$62.0M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,045.5	+0.006%	$20.5M	$41.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,045.1	−0.041%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,044.9	−0.054%	$79K	$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	1,044.2	−0.119%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.5	+0.191%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,044.7	−0.078%	$130K	$435K	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0008%	1h	1,045	−0.045%	$73K	$481K	10x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,044.5	−0.098%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,045.2	−0.029%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,045.4	−0.011%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.2	−0.023%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,044.5	−0.094%	$548K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.562%	$19K	$5K	12x	as long as short
Nado MU-PERP	+0.0034%	1h	1,044.8	−0.065%	$282K	$829K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,044.1	−0.128%	$70K	$232K	10x	as long as short
Bullet MU-USD	+0.0040%	1h	1,045.4	−0.012%	$26K	$392K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.6	+0.013%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,045	−0.046%	$176.9M	$95.3M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045	−0.046%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,044.1	−0.137%	$685K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,045.6	+0.008%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.2	−0.215%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,044.8	−0.066%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.1	−0.040%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,044.9	−0.052%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.9	−0.156%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,044.9	−0.055%	$831	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.8	−0.070%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,045.3	−0.019%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,044.2	−0.122%	$534K	$271K	15x	as long as short