Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: Gate against StandX+0.036%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on StandX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 7 days−0.084%−$8 · spread now +0.036%, 7d avg −0.030%

Together, before fees−0.059%+ Points / potential airdropStandX: Active · farm board−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.066% dearer against StandX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX MU-USD	1,045.5	0	get 0.0000% / 1h	39m 11s	$189K	$3.3M	20x
Short	Gate MU_USDT	1,045.9	0	get 0.0000% / 8h	39m 11s	$63.0M	$29.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against StandX. 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 StandXbpFee GatebpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → −0.030%: $6.6
Slippage, 4 orders: −$15.87
Fee StandX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$32.26
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from StandX: live order book, 5 min ago; Gate: live order book, 5 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 StandX live order book, 5 min ago	2.29 bp	7.8 bp −$8	14.0 bp −$140	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.00 bp	12.2 bp −$12	17.0 bp −$170	33.9 bp −$3,388	59.7 bp −$29.9K

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	−0.0600%	4h	1,046	+0.051%	$1.3M	$672K	10x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,045.9	+0.036%	$63.0M	$29.0M	75x
StandX MU-USDlong	0.0000%	1h	1,045.5	long leg	$189K	$3.3M	20x
SunX MU-USDT	0.0000%	8h	1,048	+0.239%	$11K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.8	+0.024%	$124K	$444K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.9	+0.034%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.498%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0034%	1h	1,045.7	+0.015%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.2	+0.071%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.9	+0.038%	$166K	$197K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MU-USD	+0.0050%	1h	1,045.9	+0.033%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045.2	−0.031%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0080%	1h	1,046	+0.046%	$7.9M	$23.9M	10x	as long as short
OKX MU-USDT-SWAP	+0.0082%	8h	1,046	+0.043%	$30.8M	$105.3M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,046.1	+0.053%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.6	+0.007%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.6	+0.010%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046	+0.048%	$832	$799	20x	as long as short
Bitget MUUSDT	+0.0136%	8h	1,045.9	+0.040%	$20.5M	$43.6M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,045.9	+0.037%	$33K	—	10x	as long as short
Lighter MU	+0.0144%	1h	1,045.8	+0.029%	$1.0M	$4.8M	20x	as long as short
Paradex MU-USD-PERP	+0.0146%	8h	1,046.1	+0.062%	$2K	—	5x	as long as short
Aster MUUSD1	+0.0174%	8h	1,046.6	+0.104%	$21.6M	$47.3M	20x	as long as short
Variational Omni MU	+0.0202%	8h	1,046.1	+0.055%	$2.6M	$2.5M	—	as long as short
Bullet MU-USD	+0.0208%	1h	1,046	+0.048%	$24K	$395K	10x	as long as short
Binance MUUSDT	+0.0213%	8h	1,046	+0.052%	$124.9M	$533.1M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.5	−0.003%	$757K	$1.3M	10x	as long as short
Nado MU-PERP	+0.0231%	1h	1,045.4	−0.006%	$270K	$877K	10x	as long as short
GRVT MU_USDT_Perp	+0.0255%	8h	1,046.3	+0.079%	$82K	$1.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0281%	1h	1,045.9	+0.038%	$176.7M	$105.0M	10x	as long as short
Bybit MUUSDT	+0.0285%	8h	1,046.4	+0.086%	$19.2M	$32.6M	100x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0286%	1h	1,045.9	+0.039%	$62K	$261K	10x	as long as short
BloFin MU-USDT	+0.0333%	8h	1,046.1	+0.061%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0460%	1h	1,046.4	+0.086%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.8	+0.026%	$74K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.4	+0.086%	$317K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0664%	1h	1,045.2	−0.028%	$540K	$1.1M	10x	as long as short