Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h −0.051%

Price spread now: Injective against BloFin+0.933%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.403%−$40 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.933% dearer against BloFin than usual: you sell high and buy low (spread +0.933% now, against zero (this spread has no 7-day history yet)): +$93 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 days. At the pace of the last 7 days (−0.403% in total) that is about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MU-USDT	1,041.6	0.0120	pay 0.0120% / 8h	4h 59m	$1.5M	$2.7M	20x
Short	Injective MU/USDC PERP	1,051.4	0.0033	get 0.0004% / 1h	59m 00s	$19K	$5K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now +0.933%Rate

Funding earned: −$18.2
Price spread: +0.933% → 0.000%: $93.31
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $63.09
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.

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 BloFin live order book, 2 min ago	0.05 bp	6.9 bp −$7	8.6 bp −$86	14.3 bp −$1,432	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MU on 37 exchanges

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	−0.0231%	4h	1,040.1	−0.144%	$1.3M	$696K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,041.4	−0.020%	$21.3M	$73.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,041.1	−0.055%	$122.3M	$554.9M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,041	−0.059%	$29.9M	$107.2M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,041.3	−0.032%	$61.5M	$27.3M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,041.1	−0.057%	$19.8M	$43.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,040.1	−0.145%	$2.6M	$2.5M	—	as long as short
StandX MU-USD	0.0000%	1h	1,039.7	−0.184%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042.1	+0.045%	$11K	$5.0M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,041.3	−0.029%	$120K	$473K	50x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,041.5	−0.017%	$1.1M	$4.4M	10x	as long as short
Injective MU/USDC PERPshort	+0.0033%	1h	1,051.4	+0.933%	$19K	$5K	12x
Aftermath Perps MUUSD	+0.0037%	1h	1,040	−0.154%	$3K	$41K	10x	as long as short
RISEx MU/USDC	+0.0045%	1h	1,040.6	−0.098%	$299K	$334K	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,041.7	+0.001%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040.5	−0.109%	$170K	$163K	10x	as long as short
Nado MU-PERP	+0.0050%	1h	1,040.2	−0.142%	$276K	$834K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,039.3	−0.221%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0058%	1h	1,040.3	−0.129%	$7.0M	$19.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0080%	8h	1,040.3	−0.132%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,041.1	−0.053%	$32K	$1K	10x	as long as short
Bybit MUUSDT	+0.0100%	8h	1,041.5	−0.012%	$18.9M	$32.3M	100x	as long as short
Pacifica MU	+0.0100%	1h	1,040	−0.155%	$152K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,040.8	−0.085%	$5.2M	$6.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,039.9	−0.169%	$71K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.7	−0.086%	$827	$799	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0106%	1h	1,041.2	−0.045%	$32K	$731K	10x	as long as short
BloFin MU-USDTlong	+0.0120%	8h	1,041.6	long leg	$1.5M	$2.7M	20x
Coinbase International MU-PERP-INTX	+0.0136%	1h	1,037.9	−0.361%	$727K	$1.2M	10x	as long as short
Arcus MU-USD	+0.0139%	1h	1,040.2	−0.138%	$90K	$160K	10x	as long as short
Lighter MU	+0.0152%	1h	1,041.6	−0.003%	$1.0M	$4.9M	20x	as long as short
GRVT MU_USDT_Perp	+0.0157%	8h	1,040.5	−0.113%	$73K	$1.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0289%	1h	1,041.1	−0.052%	$178.0M	$75.1M	10x	as long as short
Bullet MU-USD	+0.0298%	1h	1,041.4	−0.028%	$26K	$383K	10x	as long as short
Extended MU_24_5-USD	+0.0304%	1h	1,040.2	−0.135%	$552K	$1.1M	10x	as long as short
Phoenix MU	+0.0308%	1h	1,040.7	−0.090%	$533K	$159K	15x	as long as short
SoDEX MU-USD	+0.0458%	1h	1,040.7	−0.092%	$684K	$14K	10x	as long as short