Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0039%/8h= −4.2% APRpaid last 24h +0.035%

Price spread now: BloFin against Aevo+0.035%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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. BloFin is 0.035% dearer against Aevo than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MU-PERP	1,047.2	0.0080	pay 0.0010% / 1h	42m 53s	$32K	$1K	10x
Short	BloFin MU-USDT	1,047.6	0.0041	get 0.0041% / 8h	3h 42m	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. 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 AevobpFee BloFinbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$8.09
Price spread: +0.035% → 0.000%: $3.49
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$32.6
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; BloFin: live order book, 5 min ago. 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 Aevo no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	0.05 bp	6.6 bp −$7	8.2 bp −$82	15.2 bp −$1,520	doesn't fit

Aevo: 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 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	−0.0933%	4h	1,048.6	+0.135%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,048.1	+0.086%	$21.3M	$56.1M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,047.9	+0.068%	$125.4M	$517.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,048.1	+0.085%	$19.0M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,047.8	+0.058%	$31.1M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,047.9	+0.064%	$338K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,047.7	+0.047%	$62.3M	$27.7M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,047.9	+0.064%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,048.6	+0.131%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,048.5	+0.122%	$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	1,047.7	+0.051%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.3	+0.105%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,047.4	+0.015%	$130K	$431K	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,047.8	+0.061%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,047.2	+0.002%	$7.1M	$17.9M	10x	as long as short
Lighter MU	+0.0032%	1h	1,047.6	+0.042%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,047.6	+0.036%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,047.1	−0.011%	$553K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.397%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,047.9	+0.063%	$71K	$233K	10x	as long as short
BloFin MU-USDTshort	+0.0041%	8h	1,047.6	+0.035%	$1.5M	$2.0M	20x
Vest MU-USD-PERP	+0.0046%	1h	1,048.2	+0.093%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,047.4	+0.019%	$177.6M	$97.5M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,047.4	+0.019%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,047.6	+0.038%	$687K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.4	+0.021%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,047.4	+0.016%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0055%	1h	1,047.1	−0.005%	$282K	$830K	10x	as long as short
Bullet MU-USD	+0.0065%	1h	1,047.8	+0.055%	$26K	$395K	10x	as long as short
Aevo MU-PERPlong	+0.0080%	1h	1,047.2	long leg	$32K	$1K	10x
Pacifica MU	+0.0100%	1h	1,047.5	+0.028%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,047.7	+0.045%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,048.3	+0.104%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,047.7	+0.044%	$833	$799	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0113%	1h	1,047.5	+0.028%	$73K	$465K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.270%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,048.4	+0.114%	$536K	$271K	15x	as long as short