Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0151%/8h= −16.6% APRpaid last 24h +0.035%

Price spread now: BloFin against Arcus+0.020%7-day average +0.053% · 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−$29as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Arcus Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.036%+$4 on $10k

Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.020%, 7d avg +0.053%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.033% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.053%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MU-USD	1,045.3	0.0462	pay 0.0058% / 1h	21m 53s	$70K	$244K	10x
Short	BloFin MU-USDT	1,045.5	0.0310	get 0.0310% / 8h	21m 53s	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Arcus. 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 ArcusbpFee BloFinbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$31.78
Price spread: +0.020% → +0.053%: −$3.32
Slippage, 4 orders: −$9.14
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$60.74
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from Arcus: live order book, 56 min ago; BloFin: live order book, 1 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 Arcus live order book, 56 min ago	2.54 bp	4.8 bp −$5	9.2 bp −$92	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	0.24 bp	7.5 bp −$8	9.1 bp −$91	13.6 bp −$1,362	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	−0.0561%	4h	1,045.3	+0.008%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.7	+0.040%	$63.0M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.2	−0.003%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.4	+0.204%	$12K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.5	+0.027%	$129K	$455K	50x	as long as short
Aftermath Perps MUUSD	+0.0030%	1h	1,045.2	−0.006%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.6	+0.034%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.522%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.8	+0.055%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.4	+0.014%	$169K	$193K	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	1,045.7	+0.044%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.6	−0.065%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0074%	8h	1,045.8	+0.055%	$30.8M	$105.0M	50x	as long as short
Lighter MU	+0.0080%	1h	1,045.6	+0.035%	$1.0M	$4.9M	20x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.4	+0.011%	$7.9M	$23.9M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.5	+0.021%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.4	+0.016%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.9	+0.060%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.6	+0.036%	$831	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0115%	8h	1,045.5	+0.022%	$2K	—	5x	as long as short
Bitget MUUSDT	+0.0118%	8h	1,045.9	+0.062%	$20.5M	$43.5M	50x	as long as short
Bullet MU-USD	+0.0118%	1h	1,045.9	+0.065%	$25K	$394K	10x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,045.5	+0.026%	$33K	—	10x	as long as short
Aster MUUSD1	+0.0161%	8h	1,045.9	+0.059%	$21.5M	$47.3M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0161%	1h	1,045.6	+0.029%	$62K	$275K	10x	as long as short
Nado MU-PERP	+0.0163%	1h	1,045.2	−0.005%	$271K	$875K	10x	as long as short
Variational Omni MU	+0.0183%	8h	1,045.3	+0.002%	$2.7M	$2.5M	—	as long as short
Binance MUUSDT	+0.0189%	8h	1,046	+0.068%	$124.4M	$532.7M	50x	as long as short
tradeXYZ xyz:MU	+0.0201%	1h	1,045.5	+0.024%	$176.7M	$104.5M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,044.9	−0.032%	$757K	$1.3M	10x	as long as short
GRVT MU_USDT_Perp	+0.0226%	8h	1,045.3	+0.001%	$82K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0267%	8h	1,045.9	+0.062%	$19.2M	$32.4M	100x	as long as short
BloFin MU-USDTshort	+0.0310%	8h	1,045.5	+0.020%	$1.5M	$2.0M	20x
Extended MU_24_5-USD	+0.0384%	1h	1,045	−0.021%	$541K	$1.1M	10x	as long as short
Phoenix MU	+0.0460%	1h	1,046.1	+0.081%	$535K	$306K	15x	as long as short
Arcus MU-USDlong	+0.0462%	1h	1,045.3	long leg	$70K	$244K	10x
RISEx MU/USDC	+0.0525%	1h	1,045.9	+0.061%	$316K	$339K	20x	as long as short