Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.016%

Price spread now: BloFin against tradeXYZ+0.130%68s7-day average +0.060% · 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—prices read too far apart to compare

costs, in and out, $10k−$340.341% of the position

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.198%+$20 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.130%, 7d avg +0.060%

Together, before fees+0.086%+ Points / potential airdroptradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.070% dearer against tradeXYZ than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.060%. The two prices were read 68 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	tradeXYZ xyz:MU	1,045.8	0.0050	pay 0.0006% / 1h	39m 52s	$177.3M	$97.5M	10x
Short	BloFin MU-USDT	1,047.2	0.0080	get 0.0080% / 8h	3h 39m	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against tradeXYZ. 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 tradeXYZbpFee BloFinbpOrdersPrice spread, now +0.130%Rate

Funding earned: $6.26
Price spread: +0.130% → +0.060%: $7.01
Slippage, 4 orders: −$4.09
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$20.82
Costs to cover: 0.341%
Break-even: 30.3 days

Slippage from tradeXYZ: live order book, 10 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 tradeXYZ live order book, 10 min ago	0.48 bp	10.3 bp −$10	11.4 bp −$114	16.8 bp −$1,678	doesn't fit
Sell BloFin live order book, 3 min ago	0.81 bp	7.1 bp −$7	9.2 bp −$92	12.4 bp −$1,244	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	−0.0697%	4h	1,047.6	+0.168%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,046.3	+0.046%	$21.2M	$56.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,046	+0.022%	$125.2M	$518.5M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,046.2	+0.042%	$19.0M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,046.1	+0.030%	$31.1M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,047.1	+0.122%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,046.1	+0.027%	$62.2M	$27.7M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,046.3	+0.048%	$20.4M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,047.2	+0.136%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,048.5	+0.256%	$82K	$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	1,046.9	+0.107%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.2	+0.134%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,046.2	+0.042%	$130K	$431K	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,047.4	+0.149%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,046.8	+0.092%	$7.1M	$17.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,046.2	+0.037%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.1	+0.026%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,045.2	−0.059%	$550K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.532%	$19K	$5K	12x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0037%	1h	1,046	+0.021%	$73K	$467K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,047.4	+0.150%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,047.6	+0.170%	—	$176K	25x	as long as short
tradeXYZ xyz:MUlong	+0.0050%	1h	1,045.8	long leg	$177.3M	$97.5M	10x
Polymarket Perps MU-USD	+0.0050%	1h	1,046.5	+0.067%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,046.4	+0.059%	$687K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047	+0.113%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,047.1	+0.122%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0053%	1h	1,046.6	+0.078%	$281K	$828K	10x	as long as short
Bullet MU-USD	+0.0064%	1h	1,046.9	+0.105%	$26K	$395K	10x	as long as short
BloFin MU-USDTshort	+0.0080%	8h	1,047.2	+0.130%	$1.5M	$2.0M	20x
Aevo MU-PERP	+0.0080%	1h	1,046.1	+0.032%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046.9	+0.106%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.7	−0.007%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,047.5	+0.166%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046.3	+0.043%	$832	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.404%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,048.1	+0.220%	$536K	$271K	15x	as long as short