Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%

Price spread now: Coinbase International against BloFin+0.009%58s7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.286% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.009%, 7d avg −0.046%

Together, before fees−0.054%−$5 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: Coinbase International is 0.054% dearer against BloFin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.046%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MU-USDT	1,045.5	0.0120	pay 0.0120% / 8h	3h 23m	$1.5M	$2.0M	20x
Short	Coinbase International MU-PERP-INTX	1,045.6	0.0120	get 0.0015% / 1h	23m 30s	$752K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → −0.046%: $5.41
Slippage, 4 orders: −$6.62
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$23.2
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from BloFin: live order book, 9 min ago; Coinbase International: 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 BloFin live order book, 9 min ago	0.05 bp	6.0 bp −$6	6.2 bp −$62	6.4 bp −$639	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.43 bp	7.5 bp −$7	10.9 bp −$109	65.5 bp −$6,549	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	−0.0396%	4h	1,046.6	+0.107%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,044.9	−0.050%	$21.2M	$56.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,044.1	−0.126%	$124.2M	$522.1M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,044.3	−0.113%	$18.7M	$31.8M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,043.8	−0.161%	$30.9M	$99.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,044.2	−0.122%	$337K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.9	−0.152%	$62.0M	$27.8M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,044.1	−0.127%	$20.5M	$41.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,045.4	−0.002%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,045.6	+0.016%	$79K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,044.8	−0.066%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,044.8	−0.067%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,044.2	−0.122%	$73K	$475K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,044.2	−0.121%	$130K	$432K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,045.1	−0.030%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,043.9	−0.152%	$7.0M	$17.9M	10x	as long as short
Lighter MU	+0.0032%	1h	1,044	−0.144%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.9	−0.152%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,043.7	−0.172%	$548K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.564%	$19K	$5K	12x	as long as short
Nado MU-PERP	+0.0039%	1h	1,043.7	−0.172%	$281K	$828K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,045	−0.042%	$71K	$233K	10x	as long as short
Bullet MU-USD	+0.0044%	1h	1,043.9	−0.149%	$25K	$393K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,044.7	−0.077%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,043.6	−0.178%	$176.6M	$95.3M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,043.6	−0.178%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,044.4	−0.101%	$685K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,044.1	−0.133%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.6	−0.179%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,043.8	−0.160%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,044	−0.136%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,044.3	−0.110%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.8	+0.033%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,044.8	−0.060%	$831	$799	20x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0120%	1h	1,045.6	+0.009%	$752K	$1.2M	10x
BloFin MU-USDTlong	+0.0120%	8h	1,045.5	long leg	$1.5M	$2.0M	20x
Phoenix MU	+0.0305%	1h	1,045.9	+0.042%	$535K	$271K	15x	as long as short