Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1075%/8h= +117.8% APRpaid last 24h +0.050%

Price spread now: BloFin against edgeX+0.110%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on edgeX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.439%−$44 on $10k

Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.110%, 7d avg +0.021%

Together, before fees−0.589%+ Points / potential airdropedgeX: Active · farm board−$59 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and BloFin is 0.089% dearer against edgeX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.439%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.439% in total (about -22.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MUUSDC	1,035.8	−0.0955	get 0.0478% / 4h	2h 30m	$1.3M	$673K	10x
Short	BloFin MU-USDT	1,036.9	0.0120	get 0.0120% / 8h	2h 30m	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against edgeX. 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 edgeXbpFee BloFinbpOrdersPrice spread, now +0.110%Rate

Funding earned: $225.83
Price spread: +0.110% → +0.021%: $8.94
Slippage, 4 orders: −$2.89
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: $210.88
Costs to cover: 0.239%
Break-even: 0.5 days

Slippage from edgeX: live order book, 3 min ago; BloFin: live order book, 2 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 edgeX live order book, 3 min ago	0.34 bp	4.9 bp −$5	6.5 bp −$65	24.6 bp −$2,463	doesn't fit
Sell BloFin live order book, 2 min ago	0.58 bp	7.4 bp −$7	9.5 bp −$95	18.2 bp −$1,822	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 MUUSDClong	−0.0955%	4h	1,035.8	long leg	$1.3M	$673K	10x
Aster MUUSD1	0.0000%	8h	1,037.1	+0.128%	$21.1M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,036.9	+0.109%	$121.3M	$530.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037	+0.113%	$18.5M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,037.2	+0.137%	$30.0M	$100.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,036	+0.019%	$334K	$370K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,036.5	+0.067%	$61.5M	$28.3M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,037.4	+0.157%	$20.4M	$41.1M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,036	+0.023%	$2.6M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,035.3	−0.043%	$75K	$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	1,035.5	−0.025%	$187K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,037.3	+0.148%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,036	+0.024%	$73K	$512K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,036.2	+0.040%	$127K	$447K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,036.9	+0.106%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0023%	1h	1,035.1	−0.066%	$277K	$819K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,035.6	−0.018%	$7.0M	$18.0M	10x	as long as short
Bullet MU-USD	+0.0024%	1h	1,035.9	+0.012%	$25K	$390K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.9	+0.105%	$1.2M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036.2	+0.037%	$541K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.504%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036.4	+0.062%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,035.6	−0.016%	—	$174K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036.6	+0.079%	$176.1M	$92.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,035.4	−0.037%	$168K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,035.7	−0.008%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,034.7	−0.101%	$1.9M	$2.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,035.5	−0.026%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,035.5	−0.027%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,035.4	−0.039%	$146K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036.3	+0.049%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,035.3	−0.051%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,035.7	−0.011%	$823	$799	20x	as long as short
Lighter MU	+0.0112%	1h	1,037.2	+0.137%	$1.0M	$4.9M	20x	as long as short
BloFin MU-USDTshort	+0.0120%	8h	1,036.9	+0.110%	$1.5M	$2.0M	20x
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,035.9	+0.008%	$731K	$1.2M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,037.1	+0.127%	$530K	$270K	15x	as long as short