Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.049%

Price spread now: Gate against tradeXYZ+0.008%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.208%−$21 on $10k

Price spread, last 7 days−0.015%−$2 · spread now +0.008%, 7d avg +0.045%

Together, before fees−0.224%+ Points / potential airdroptradeXYZ: Active · farm board−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.037% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MU	1,050.4	0.0050	pay 0.0006% / 1h	59m 26s	$178.4M	$100.2M	10x
Short	Gate MU_USDT	1,050.5	0	get 0.0000% / 8h	6h 59m	$62.6M	$27.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.008%Rate

Funding earned: −$10.5
Price spread: +0.008% → +0.045%: −$3.74
Slippage, 4 orders: −$7.34
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$54.57
Costs to cover: 0.403%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; Gate: 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, 11 min ago	0.48 bp	9.5 bp −$9	10.4 bp −$104	15.8 bp −$1,576	doesn't fit
Sell Gate live order book, 4 min ago	0.62 bp	9.1 bp −$9	16.5 bp −$165	34.8 bp −$3,477	61.4 bp −$30.7K

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	−0.0387%	4h	1,050.6	+0.020%	$1.3M	$672K	10x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,050.5	+0.008%	$62.6M	$27.2M	75x
StandX MU-USD	0.0000%	1h	1,050.1	−0.028%	$190K	$3.3M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050.6	+0.019%	$26K	$396K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.7	+0.125%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.4	0.000%	$66K	$315K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.6	+0.021%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.7	+0.027%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.6	+0.014%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.091%	$19K	$5K	12x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0040%	1h	1,050.7	+0.030%	$1.1M	$4.7M	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.5	+0.104%	—	$179K	25x	as long as short
tradeXYZ xyz:MUlong	+0.0050%	1h	1,050.4	long leg	$178.4M	$100.2M	10x
Polymarket Perps MU-USD	+0.0050%	1h	1,050.2	−0.019%	$171K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.4	+0.002%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.9	−0.047%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,050.5	+0.010%	$7.6M	$20.9M	10x	as long as short
Nado MU-PERP	+0.0079%	1h	1,050.5	+0.005%	$275K	$858K	10x	as long as short
Paradex MU-USD-PERP	+0.0080%	8h	1,050.7	+0.031%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0100%	8h	1,050.6	+0.023%	$30.9M	$101.5M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,050.5	+0.012%	$149K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.9	+0.051%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.5	+0.011%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.6	+0.017%	$835	$799	20x	as long as short
Bybit MUUSDT	+0.0150%	8h	1,050.8	+0.041%	$19.4M	$32.6M	100x	as long as short
Aevo MU-PERP	+0.0152%	1h	1,050.4	+0.004%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,050.5	+0.008%	$762K	$1.2M	10x	as long as short
Extended MU_24_5-USD	+0.0232%	1h	1,050.1	−0.030%	$559K	$1.2M	10x	as long as short
Arcus MU-USD	+0.0240%	1h	1,050.6	+0.018%	$71K	$242K	10x	as long as short
Variational Omni MU	+0.0260%	8h	1,050.4	−0.004%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0268%	8h	1,051.1	+0.069%	$21.6M	$48.7M	20x	as long as short
Binance MUUSDT	+0.0272%	8h	1,050.6	+0.015%	$126.1M	$522.2M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.9	+0.048%	$538K	$273K	15x	as long as short
BloFin MU-USDT	+0.0392%	8h	1,050.6	+0.017%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0406%	8h	1,050.6	+0.020%	$20.6M	$41.6M	50x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,050.7	+0.031%	$316K	$340K	20x	as long as short
GRVT MU_USDT_Perp	+0.0549%	8h	1,050.6	+0.024%	$83K	$1.3M	10x	as long as short