Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0297%/8h= −32.5% APRpaid last 24h +0.022%

Price spread now: BloFin against Extended+0.038%114s7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as 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−$280.277% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.220%+$22 on $10k

Price spread, last 3 days (all we have)+0.008%+$1 · spread now +0.038%, 7d avg +0.051%

Together, before fees+0.229%+ Points / potential airdropExtended: Active · farm board+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.220%, so the current rate has only just turned against you. The two prices were read 114 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	Extended MU_24_5-USD	1,048	0.0600	pay 0.0075% / 1h	53m 22s	$550K	$1.0M	10x
Short	BloFin MU-USDT	1,048.4	0.0303	get 0.0303% / 8h	7h 53m	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$62.37
Price spread: +0.038% → +0.051%: −$1.26
Slippage, 4 orders: −$10.69
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$91.32
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; BloFin: 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 Extended live order book, 5 min ago	2.92 bp	9.9 bp −$10	20.5 bp −$205	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.05 bp	6.1 bp −$6	6.9 bp −$69	16.4 bp −$1,640	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	−0.0946%	4h	1,047	−0.101%	$1.3M	$671K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,048.2	+0.022%	$63.1M	$28.3M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,047.7	−0.033%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.3	+0.216%	$11K	$6.4M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.3	+0.023%	$130K	$418K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,046.5	−0.145%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,048.2	+0.018%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.258%	$14K	$251	12x	as long as short
Lighter MU	+0.0040%	1h	1,048.3	+0.028%	$1.1M	$4.7M	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,048.9	+0.080%	—	$194K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.5	−0.052%	$2.0M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,048.4	+0.035%	$7.8M	$23.4M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0055%	1h	1,048.5	+0.046%	$62K	$292K	10x	as long as short
Nado MU-PERP	+0.0075%	1h	1,048.2	+0.018%	$272K	$860K	10x	as long as short
OKX MU-USDT-SWAP	+0.0087%	8h	1,048.5	+0.046%	$30.9M	$101.5M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048.5	+0.045%	$153K	$180K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,047.7	−0.029%	$5.3M	$3.7M	20x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.1	+0.011%	$833	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0107%	8h	1,048.6	+0.060%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,048.1	+0.010%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0160%	8h	1,048.4	+0.035%	$20.6M	$41.5M	50x	as long as short
Variational Omni MU	+0.0168%	8h	1,048.2	+0.014%	$2.7M	$2.5M	—	as long as short
Aster MUUSD1	+0.0180%	8h	1,047.7	−0.025%	$21.6M	$47.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,046.7	−0.129%	$759K	$1.3M	10x	as long as short
Binance MUUSDT	+0.0187%	8h	1,048.4	+0.041%	$125.4M	$524.7M	50x	as long as short
GRVT MU_USDT_Perp	+0.0195%	8h	1,048	−0.004%	$82K	$1.4M	10x	as long as short
Arcus MU-USD	+0.0240%	1h	1,047.5	−0.050%	$71K	$243K	10x	as long as short
BloFin MU-USDTshort	+0.0303%	8h	1,048.4	+0.038%	$1.5M	$2.0M	20x
Bybit MUUSDT	+0.0307%	8h	1,048.8	+0.079%	$19.2M	$32.5M	100x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,048.4	+0.036%	$315K	$339K	20x	as long as short
Phoenix MU	+0.0383%	1h	1,048.9	+0.085%	$536K	$306K	15x	as long as short
SoDEX MU-USD	+0.0418%	1h	1,048.4	+0.037%	$688K	$16K	10x	as long as short
ApeX Omni MUUSDT	+0.0451%	1h	1,048.3	+0.031%	$71K	$267K	50x	as long as short
Extended MU_24_5-USDlong	+0.0600%	1h	1,048	long leg	$550K	$1.0M	10x
Polymarket Perps MU-USD	+0.0625%	1h	1,048.4	+0.037%	$170K	$202K	10x	as long as short
Bullet MU-USD	+0.0874%	1h	1,048.4	+0.039%	$26K	$394K	10x	as long as short
tradeXYZ xyz:MU	+0.0942%	1h	1,048.1	+0.009%	$177.6M	$100.4M	10x	as long as short