Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.065%

Price spread now: StandX against BloFin−0.004%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$320.325% of the position

Long on BloFin Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.433%−$43 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now −0.004%, 7d avg −0.024%

Together, before fees−0.447%+ Points / potential airdropStandX: Active · farm board−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. StandX is 0.020% dearer against BloFin than usual: you sell high and buy low (spread −0.004% now, against its 7-day average of −0.024%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MU-USDT	1,040.7	0.0120	pay 0.0120% / 8h	2h 08m	$1.4M	$2.1M	20x
Short	StandX MU-USD	1,040.6	0	get 0.0000% / 1h	8m 54s	$188K	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$25.2
Price spread: −0.004% → −0.024%: $2.01
Slippage, 4 orders: −$12.5
Fee BloFin: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$55.68
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; StandX: 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 BloFin live order book, 4 min ago	0.48 bp	7.6 bp −$8	8.4 bp −$84	14.8 bp −$1,477	doesn't fit
Sell StandX live order book, 5 min ago	2.98 bp	9.0 bp −$9	14.9 bp −$149	doesn't fit	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	−0.0827%	4h	1,040.2	−0.048%	$1.3M	$671K	10x	as long as short
Bitget MUUSDT	−0.0136%	8h	1,040.7	0.000%	$20.3M	$41.2M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,041.1	+0.042%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,041	+0.028%	$122.2M	$536.3M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,041.1	+0.037%	$18.7M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,040.7	+0.002%	$30.0M	$101.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,041.7	+0.093%	$316K	$382K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,040.7	−0.001%	$61.6M	$28.6M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,040.3	−0.036%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,040.7	+0.006%	$84K	$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-USDshort	0.0000%	1h	1,040.6	−0.004%	$188K	$3.5M	20x
SunX MU-USDT	0.0000%	8h	1,042.5	+0.174%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,040.9	+0.016%	$74K	$530K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,040.5	−0.013%	$127K	$438K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,038.7	−0.195%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0022%	1h	1,041.3	+0.057%	$278K	$816K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,041.5	+0.077%	$7.0M	$18.2M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,040.6	−0.008%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,040.2	−0.046%	$541K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.026%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0037%	1h	1,041.4	+0.069%	$26K	$389K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,039.5	−0.118%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,041.4	+0.066%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,040.7	+0.002%	$177.0M	$90.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,041	+0.031%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.8	+0.007%	$683K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,039.7	−0.099%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,041.6	+0.088%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,040.6	−0.006%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,041.1	+0.037%	$148K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,040.4	−0.023%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,040.8	+0.007%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.9	+0.017%	$827	$799	20x	as long as short
Lighter MU	+0.0104%	1h	1,040.8	+0.012%	$1.0M	$5.0M	20x	as long as short
BloFin MU-USDTlong	+0.0120%	8h	1,040.7	long leg	$1.4M	$2.1M	20x
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.453%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,041	+0.031%	$532K	$270K	15x	as long as short