Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0258%/8h= −28.2% APRpaid last 24h −0.065%

Price spread now: StandX against BloFin−0.048%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on BloFin Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.433%−$43 on $10k

Price spread, last 4 days (all we have)+0.221%+$22 · spread now −0.048%, 7d avg −0.024%

Together, before fees−0.212%+ Points / potential airdropStandX: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and StandX is 0.023% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MU-USDT	1,051.2	0.0258	pay 0.0258% / 8h	5h 29m	$1.5M	$2.0M	20x
Short	StandX MU-USD	1,050.7	0	get 0.0000% / 1h	29m 42s	$190K	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$54.15
Price spread: −0.048% → −0.024%: −$2.33
Slippage, 4 orders: −$10.39
Fee BloFin: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$86.86
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; StandX: 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 BloFin live order book, 3 min ago	0.52 bp	6.7 bp −$7	7.4 bp −$74	8.1 bp −$808	doesn't fit
Sell StandX live order book, 4 min ago	2.81 bp	8.0 bp −$8	14.4 bp −$144	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	−0.0330%	4h	1,050.5	−0.068%	$1.3M	$672K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.8	−0.038%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.9	−0.029%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.5	−0.067%	$62.1M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.8	−0.041%	$85K	$1.3M	10x	as long as short
StandX MU-USDshort	0.0000%	1h	1,050.7	−0.048%	$190K	$3.5M	20x
SunX MU-USDT	0.0000%	8h	1,052.3	+0.099%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.3	−0.087%	$67K	$373K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.5	−0.064%	$129K	$429K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050.1	−0.102%	$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	+0.0025%	8h	1,050.6	−0.054%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.5	−0.065%	$7.2M	$18.2M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.5	−0.065%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.014%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.5	−0.072%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.6	+0.034%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.3	−0.087%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.6	−0.059%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.8	−0.137%	$1.9M	$2.3M	10x	as long as short
Lighter MU	+0.0056%	1h	1,050.7	−0.050%	$1.1M	$4.9M	20x	as long as short
Paradex MU-USD-PERP	+0.0056%	8h	1,050.9	−0.028%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0057%	1h	1,050.5	−0.071%	$282K	$848K	10x	as long as short
tradeXYZ xyz:MU	+0.0062%	1h	1,050.4	−0.077%	$178.2M	$99.2M	10x	as long as short
Extended MU_24_5-USD	+0.0064%	1h	1,050.2	−0.099%	$564K	$1.1M	10x	as long as short
Aster MUUSD1	+0.0070%	8h	1,050.7	−0.049%	$21.4M	$52.3M	20x	as long as short
Bullet MU-USD	+0.0076%	1h	1,050.7	−0.050%	$26K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.121%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.6	−0.061%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.4	−0.075%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050	−0.115%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.5	−0.064%	$835	$799	20x	as long as short
Variational Omni MU	+0.0111%	8h	1,050.9	−0.029%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERP	+0.0112%	1h	1,050.3	−0.086%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0131%	8h	1,050.6	−0.061%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDT	+0.0135%	8h	1,050.6	−0.054%	$126.6M	$518.9M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.8	−0.039%	$537K	$271K	15x	as long as short
BloFin MU-USDTlong	+0.0258%	8h	1,051.2	long leg	$1.5M	$2.0M	20x