Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h +0.006%

Price spread now: Bitget against SoDEX+0.065%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on SoDEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.024%−$2 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.065%, 7d avg +0.020%

Together, before fees−0.049%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.044% dearer against SoDEX than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of +0.020%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 3 days (−0.024% in total) that is about 6.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MU-USD	1,037	0.0050	pay 0.0006% / 1h	51m 42s	$681K	$15K	10x
Short	Bitget MUUSDT	1,037.7	−0.0090	pay 0.0090% / 8h	1h 51m	$20.2M	$41.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SoDEX. 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 SoDEXbpFee BitgetbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$29.4
Price spread: +0.065% → +0.020%: $4.44
Slippage, 4 orders: −$19.42
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$64.38
Costs to cover: 0.394%
Break-even: never at this rate

Slippage from SoDEX: live order book, 57 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 SoDEX live order book, 57 min ago	0.05 bp	11.8 bp −$12	43.5 bp −$435	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.05 bp	7.7 bp −$8	9.5 bp −$95	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	−0.0451%	4h	1,038.8	+0.170%	$1.3M	$672K	10x	as long as short
Bitget MUUSDTshort	−0.0090%	8h	1,037.7	+0.065%	$20.2M	$41.4M	50x
Aster MUUSD1	0.0000%	8h	1,037.7	+0.063%	$21.1M	$57.4M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.4	+0.040%	$121.6M	$536.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037.6	+0.051%	$18.6M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,037.4	+0.035%	$29.9M	$101.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,037.6	+0.054%	$315K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.1	+0.008%	$61.4M	$28.3M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,038.8	+0.166%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.9	+0.176%	$84K	$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	1,037.4	+0.040%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,038.2	+0.112%	$11K	$5.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,036.8	−0.019%	$128K	$441K	50x	as long as short
Bullet MU-USD	+0.0007%	1h	1,037.4	+0.037%	$26K	$390K	10x	as long as short
Nado MU-PERP	+0.0018%	1h	1,037.2	+0.014%	$276K	$816K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,038.5	+0.143%	$3K	$44K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0020%	1h	1,037	−0.003%	$74K	$543K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.3	+0.030%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036.7	−0.030%	$544K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,037.5	+0.049%	$7.0M	$18.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.382%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.8	+0.077%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,037.5	+0.043%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.2	+0.016%	$176.3M	$89.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.1	+0.007%	$168K	$196K	10x	as long as short
SoDEX MU-USDlong	+0.0050%	1h	1,037	long leg	$681K	$15K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.5	+0.041%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,037.6	+0.055%	$2K	—	5x	as long as short
Lighter MU	+0.0072%	1h	1,037.5	+0.047%	$1.1M	$4.9M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,036.7	−0.034%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.2	+0.012%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.1	+0.005%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,039.2	+0.208%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.9	−0.009%	$824	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,037.6	+0.053%	$732K	$1.3M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.1	+0.106%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,039.4	+0.229%	$532K	$270K	15x	as long as short