Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h −0.028%

Price spread now: Bitget against tradeXYZ+0.046%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

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

costs, in and out, $10k−$350.354% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days+0.011%+$1 · spread now +0.046%, 7d avg +0.082%

Together, before fees−0.030%+ Points / potential airdroptradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.036% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.046% now, against its 7-day average of +0.082%). If the spread goes back, that is −$4 on $10k: about 47 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MU	1,049.9	0.0058	pay 0.0007% / 1h	25m 07s	$178.1M	$99.2M	10x
Short	Bitget MUUSDT	1,050.4	0.0119	get 0.0119% / 8h	5h 25m	$20.6M	$41.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.046%Rate

Funding earned: $12.9
Price spread: +0.046% → +0.082%: −$3.63
Slippage, 4 orders: −$5.37
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$26.1
Costs to cover: 0.354%
Break-even: 21.2 days

Slippage from tradeXYZ: live order book, 4 min ago; Bitget: 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 tradeXYZ live order book, 4 min ago	0.48 bp	10.7 bp −$11	11.7 bp −$117	16.0 bp −$1,595	doesn't fit
Sell Bitget live order book, 4 min ago	0.05 bp	6.9 bp −$7	8.8 bp −$88	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	−0.0861%	4h	1,049.9	+0.002%	$1.3M	$671K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.6	+0.068%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.3	+0.041%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.1	+0.023%	$62.0M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.2	+0.030%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	+0.015%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052	+0.199%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050	+0.005%	$67K	$377K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.1	+0.018%	$129K	$429K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050	+0.013%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MU-USDT-SWAP	+0.0021%	8h	1,050.2	+0.032%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.1	+0.020%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.1	+0.015%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.139%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.6	−0.031%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050	+0.013%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.2	+0.119%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,050.2	+0.029%	$1.1M	$4.9M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.9	0.000%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.1	+0.022%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.8	−0.007%	$1.9M	$2.3M	10x	as long as short
Nado MU-PERP	+0.0052%	1h	1,050	+0.014%	$282K	$848K	10x	as long as short
Paradex MU-USD-PERP	+0.0056%	8h	1,050.3	+0.039%	$2K	—	5x	as long as short
tradeXYZ xyz:MUlong	+0.0058%	1h	1,049.9	long leg	$178.1M	$99.2M	10x
Aster MUUSD1	+0.0063%	8h	1,050.3	+0.038%	$21.4M	$52.9M	20x	as long as short
Bullet MU-USD	+0.0067%	1h	1,050.3	+0.038%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	+0.004%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.2	+0.030%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.1	+0.019%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.7	−0.015%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.2	+0.030%	$835	$799	20x	as long as short
Variational Omni MU	+0.0101%	8h	1,050.2	+0.026%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERP	+0.0112%	1h	1,049.8	−0.009%	$32K	$1K	10x	as long as short
Bitget MUUSDTshort	+0.0119%	8h	1,050.4	+0.046%	$20.6M	$41.1M	50x
Binance MUUSDT	+0.0128%	8h	1,050.3	+0.036%	$126.5M	$518.7M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.4	+0.048%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0248%	8h	1,050.3	+0.039%	$1.5M	$2.0M	20x	as long as short