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: BloFin against Coinbase International−0.009%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

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

Long on Coinbase International Short on BloFin

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: BloFin is 0.054% cheaper against Coinbase International than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,045.6	0.0120	pay 0.0015% / 1h	25m 10s	$752K	$1.2M	10x
Short	BloFin MU-USDT	1,045.5	0.0120	get 0.0120% / 8h	3h 25m	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → +0.046%: −$5.41
Slippage, 4 orders: −$6.62
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$34.03
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; BloFin: live order book, 8 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 Coinbase International live order book, 3 min ago	2.43 bp	8.7 bp −$9	13.6 bp −$136	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	0.05 bp	6.3 bp −$6	7.1 bp −$71	13.0 bp −$1,295	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	+0.098%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,045.8	+0.028%	$21.3M	$56.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,045.3	−0.028%	$124.4M	$521.2M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,045.2	−0.031%	$18.7M	$31.8M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,044.8	−0.070%	$31.0M	$99.3M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,045.6	+0.001%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.2	−0.033%	$62.1M	$27.8M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,045.5	−0.007%	$20.5M	$41.5M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,045.4	−0.010%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,046.9	+0.125%	$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	1,045.6	+0.006%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,045.9	+0.029%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,045.1	−0.044%	$73K	$475K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.1	−0.046%	$130K	$432K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,045.7	+0.016%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,045.2	−0.031%	$7.0M	$17.9M	10x	as long as short
Lighter MU	+0.0032%	1h	1,045.4	−0.017%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.3	−0.024%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,044.8	−0.068%	$549K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.556%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,045.9	+0.029%	$71K	$233K	10x	as long as short
Nado MU-PERP	+0.0041%	1h	1,045.1	−0.045%	$281K	$828K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.1	+0.050%	—	$176K	25x	as long as short
Bullet MU-USD	+0.0048%	1h	1,045.4	−0.013%	$25K	$394K	10x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,045	−0.053%	$176.9M	$96.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.1	−0.043%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,045.3	−0.029%	$686K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,045.4	−0.012%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045.9	+0.033%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,044.9	−0.062%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.4	−0.014%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.4	−0.013%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.8	+0.025%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.5	−0.004%	$831	$799	20x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0120%	1h	1,045.6	long leg	$752K	$1.2M	10x
BloFin MU-USDTshort	+0.0120%	8h	1,045.5	−0.009%	$1.5M	$2.0M	20x
Phoenix MU	+0.0305%	1h	1,045.9	+0.033%	$535K	$271K	15x	as long as short