Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.042%

Price spread now: Aftermath Perps against BloFin+0.025%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Aftermath Perps is 0.025% dearer against BloFin than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MU-USDT	1,037.8	0.0120	pay 0.0120% / 8h	1h 05m	$1.5M	$2.1M	20x
Short	Aftermath Perps MUUSD	1,038.1	0.0014	get 0.0002% / 1h	5m 02s	$3K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against BloFin. 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 BloFinbpFee Aftermath PerpsbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$22.3
Price spread: +0.025% → 0.000%: $2.54
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$40.75
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

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 BloFin live order book, 3 min ago	0.10 bp	6.2 bp −$6	7.5 bp −$75	13.6 bp −$1,360	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0729%	4h	1,038.8	+0.090%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0143%	8h	1,037.8	0.000%	$20.2M	$40.4M	50x	as long as short
Nado MU-PERP	−0.0007%	1h	1,037.8	−0.004%	$279K	$810K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,037.9	+0.009%	$21.2M	$63.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.7	−0.014%	$122.1M	$538.8M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037.8	−0.009%	$18.7M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,037.7	−0.010%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.1	+0.024%	$313K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.5	−0.035%	$61.4M	$28.7M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,038.4	+0.056%	$2.5M	$2.5M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MU_USDT_Perp	0.0000%	8h	1,039.1	+0.125%	$84K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,038.6	+0.075%	$188K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,037.8	−0.004%	$24K	$390K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.8	+0.186%	$11K	$5.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037.5	−0.038%	$128K	$441K	50x	as long as short
Aftermath Perps MUUSDshort	+0.0014%	1h	1,038.1	+0.025%	$3K	$44K	10x
Lighter MU	+0.0032%	1h	1,037.7	−0.013%	$1.0M	$5.0M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.6	−0.028%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.2	−0.066%	$537K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,038	+0.013%	$7.0M	$18.8M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.303%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,038.1	+0.025%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.1	+0.022%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.5	−0.033%	$176.4M	$85.5M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.5	−0.033%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,037.7	−0.018%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,038.1	+0.020%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,038.4	+0.053%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.3	−0.050%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.3	+0.040%	$147K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.4	−0.041%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,039	+0.114%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.5	−0.033%	$825	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,038.8	+0.091%	$734K	$1.2M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0116%	1h	1,037.5	−0.035%	$74K	$579K	10x	as long as short
BloFin MU-USDTlong	+0.0120%	8h	1,037.8	long leg	$1.5M	$2.1M	20x
Phoenix MU	+0.0231%	1h	1,039.2	+0.131%	$532K	$270K	15x	as long as short