Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h +0.012%

Price spread now: BloFin against Coinbase International+0.074%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.074%, 7d avg +0.045%

Together, before fees−0.015%−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.029% dearer against Coinbase International than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of +0.045%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours. Mind the row above: over the last 7 days funding on this pair paid +0.058%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,038.5	0.0192	pay 0.0024% / 1h	44m 46s	$727K	$1.2M	10x
Short	BloFin MU-USDT	1,039.2	0.0120	get 0.0120% / 8h	5h 44m	$1.5M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$15.12
Price spread: +0.074% → +0.045%: $2.9
Slippage, 4 orders: −$14.23
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$48.45
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; BloFin: live order book, 6 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 Coinbase International live order book, 2 min ago	5.30 bp	10.3 bp −$10	15.4 bp −$154	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	0.67 bp	8.1 bp −$8	9.8 bp −$98	15.7 bp −$1,574	doesn't fit

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	−0.0300%	4h	1,039.7	+0.114%	$1.3M	$696K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,039.4	+0.086%	$21.2M	$73.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.9	+0.041%	$121.6M	$555.5M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.9	+0.040%	$29.7M	$107.7M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.8	+0.030%	$61.3M	$28.0M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,038.8	+0.034%	$19.8M	$43.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,039.1	+0.057%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,039.6	+0.112%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.8	+0.228%	$11K	$5.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.1	−0.032%	$34K	$725K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,038.9	+0.042%	$119K	$474K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.7	+0.024%	$1.2M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.241%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0035%	1h	1,039	+0.055%	$3K	$41K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040	+0.148%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.7	+0.022%	$169K	$171K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,039	+0.054%	$683K	$14K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.4	−0.103%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0058%	1h	1,038.8	+0.030%	$7.0M	$19.3M	10x	as long as short
Bybit MUUSDT	+0.0067%	8h	1,039.2	+0.065%	$18.8M	$32.3M	100x	as long as short
Paradex MU-USD-PERP	+0.0079%	8h	1,038.8	+0.028%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.5	+0.003%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.4	−0.010%	$150K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.6	+0.016%	$5.2M	$6.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,039.8	+0.129%	$71K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.9	+0.044%	$826	$799	20x	as long as short
RISEx MU/USDC	+0.0118%	1h	1,039.1	+0.059%	$299K	$351K	20x	as long as short
BloFin MU-USDTshort	+0.0120%	8h	1,039.2	+0.074%	$1.5M	$2.6M	20x
Nado MU-PERP	+0.0122%	1h	1,038.3	−0.012%	$276K	$841K	10x	as long as short
Arcus MU-USD	+0.0139%	1h	1,038.3	−0.015%	$90K	$148K	10x	as long as short
Lighter MU	+0.0176%	1h	1,038.7	+0.022%	$1.0M	$5.0M	20x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0192%	1h	1,038.5	long leg	$727K	$1.2M	10x
Bullet MU-USD	+0.0204%	1h	1,039.2	+0.069%	$24K	$385K	10x	as long as short
GRVT MU_USDT_Perp	+0.0221%	8h	1,040.4	+0.189%	$73K	$1.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0237%	1h	1,038.7	+0.022%	$177.1M	$75.7M	10x	as long as short
Phoenix MU	+0.0308%	1h	1,040.4	+0.186%	$532K	$159K	15x	as long as short
Extended MU_24_5-USD	+0.0328%	1h	1,037.8	−0.067%	$551K	$1.1M	10x	as long as short