Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h −0.024%

Price spread now: tradeXYZ against BloFin−0.013%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.201%−$20 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.013%, 7d avg −0.059%

Together, before fees−0.223%+ Points / potential airdroptradeXYZ: Active · farm board−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.046% dearer against BloFin than usual: you sell high and buy low (spread −0.013% now, against its 7-day average of −0.059%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MU-USDT	1,038.3	0.0120	pay 0.0120% / 8h	7m 02s	$1.5M	$2.1M	20x
Short	tradeXYZ xyz:MU	1,038.2	0.0050	get 0.0006% / 1h	7m 02s	$176.4M	$80.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$14.7
Price spread: −0.013% → −0.059%: $4.56
Slippage, 4 orders: −$2.79
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$42.94
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; tradeXYZ: live order book, 3 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, 6 min ago	0.48 bp	7.2 bp −$7	8.2 bp −$82	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.48 bp	9.5 bp −$9	10.9 bp −$109	16.4 bp −$1,639	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	−0.0764%	4h	1,037.8	−0.052%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0143%	8h	1,038.6	+0.022%	$20.2M	$39.9M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.4	+0.009%	$21.2M	$67.4M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.4	+0.007%	$122.5M	$536.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.4	+0.008%	$18.8M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.2	−0.013%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.3	−0.001%	$313K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.2	−0.017%	$61.6M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.8	−0.056%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.9	−0.040%	$71K	$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	1,038.2	−0.010%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.9	+0.148%	$11K	$5.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.2	−0.010%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0007%	1h	1,038.3	−0.004%	$25K	$388K	10x	as long as short
Nado MU-PERP	+0.0016%	1h	1,037.8	−0.054%	$280K	$804K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,038.4	+0.006%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038.1	−0.023%	$7.0M	$18.7M	10x	as long as short
Lighter MU	+0.0032%	1h	1,038.2	−0.015%	$1.0M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.1	−0.026%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.7	−0.057%	$545K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.254%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.8	−0.053%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.4	+0.005%	—	$175K	25x	as long as short
tradeXYZ xyz:MUshort	+0.0050%	1h	1,038.2	−0.013%	$176.4M	$80.2M	10x
Polymarket Perps MU-USD	+0.0050%	1h	1,038.2	−0.013%	$168K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.3	−0.009%	$681K	$15K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,038.1	−0.028%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.8	−0.049%	$1.8M	$2.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0068%	1h	1,038.1	−0.025%	$74K	$620K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038	−0.034%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.3	0.000%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.8	−0.056%	$144K	$191K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038	−0.032%	$5.2M	$4.1M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038	−0.035%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.3	−0.008%	$825	$799	20x	as long as short
BloFin MU-USDTlong	+0.0120%	8h	1,038.3	long leg	$1.5M	$2.1M	20x
Phoenix MU	+0.0232%	1h	1,038.7	+0.035%	$531K	$270K	15x	as long as short