Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0309%/8h= +33.8% APRpaid last 24h +0.054%

Price spread now: BloFin against StandX+0.063%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs+$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on StandX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.440%+$44 on $10k

Price spread, last 3 days (all we have)−0.044%−$4 · spread now +0.063%, 7d avg +0.023%

Together, before fees+0.396%+ Points / potential airdropStandX: Active · farm board+$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BloFin is 0.040% dearer against StandX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX MU-USD	1,045.2	0	get 0.0000% / 1h	19m 48s	$189K	$3.3M	20x
Short	BloFin MU-USDT	1,045.9	0.0309	get 0.0309% / 8h	19m 48s	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against StandX. 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 StandXbpFee BloFinbpOrdersPrice spread, now +0.063%Rate

Funding earned: $64.85
Price spread: +0.063% → +0.023%: $3.97
Slippage, 4 orders: −$9.64
Fee StandX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $39.18
Costs to cover: 0.296%
Break-even: 2.8 days

Slippage from StandX: live order book, 4 min ago; BloFin: 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 StandX live order book, 4 min ago	2.77 bp	8.7 bp −$9	15.5 bp −$155	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.24 bp	7.5 bp −$8	9.1 bp −$91	13.6 bp −$1,362	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	−0.0889%	4h	1,045.4	+0.016%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.7	+0.046%	$63.0M	$29.1M	75x	as long as short
StandX MU-USDlong	0.0000%	1h	1,045.2	long leg	$189K	$3.3M	20x
SunX MU-USDT	0.0000%	8h	1,047.7	+0.240%	$12K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,046	+0.077%	$129K	$456K	50x	as long as short
Aftermath Perps MUUSD	+0.0030%	1h	1,045.1	−0.012%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.7	+0.049%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.528%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.2	+0.096%	—	$194K	25x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0047%	1h	1,045.6	+0.037%	$62K	$277K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,045.6	+0.039%	$169K	$193K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,045.9	+0.064%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045	−0.020%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0072%	8h	1,045.8	+0.058%	$30.8M	$105.0M	50x	as long as short
Lighter MU	+0.0080%	1h	1,045.7	+0.049%	$1.0M	$4.9M	20x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.9	+0.067%	$7.8M	$23.9M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046	+0.076%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.5	+0.033%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.8	+0.062%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.8	+0.061%	$831	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0112%	8h	1,046	+0.075%	$2K	—	5x	as long as short
Bullet MU-USD	+0.0114%	1h	1,046	+0.075%	$25K	$394K	10x	as long as short
Bitget MUUSDT	+0.0118%	8h	1,045.7	+0.046%	$20.5M	$43.5M	50x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,045.8	+0.059%	$33K	—	10x	as long as short
Nado MU-PERP	+0.0161%	1h	1,045.5	+0.029%	$271K	$875K	10x	as long as short
Aster MUUSD1	+0.0161%	8h	1,046.1	+0.091%	$21.5M	$47.3M	20x	as long as short
Variational Omni MU	+0.0178%	8h	1,045.7	+0.048%	$2.7M	$2.5M	—	as long as short
Binance MUUSDT	+0.0189%	8h	1,045.8	+0.062%	$124.4M	$532.7M	50x	as long as short
tradeXYZ xyz:MU	+0.0197%	1h	1,045.6	+0.039%	$176.7M	$104.5M	10x	as long as short
GRVT MU_USDT_Perp	+0.0220%	8h	1,045.5	+0.033%	$82K	$1.4M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,044.9	−0.026%	$757K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0266%	8h	1,046	+0.076%	$19.2M	$32.4M	100x	as long as short
BloFin MU-USDTshort	+0.0309%	8h	1,045.9	+0.063%	$1.5M	$2.0M	20x
Extended MU_24_5-USD	+0.0376%	1h	1,045.1	−0.011%	$541K	$1.1M	10x	as long as short
Phoenix MU	+0.0460%	1h	1,045.6	+0.039%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.5	+0.028%	$70K	$244K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.1	+0.086%	$316K	$339K	20x	as long as short