Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0080%/8h= +8.7% APRpaid last 24h +0.026%

Price spread now: BloFin against Arcus−0.010%7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Arcus Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.010%, 7d avg +0.050%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.059% cheaper against Arcus than usual: you would sell low and buy high (spread −0.010% now, against its 7-day average of +0.050%). If the spread goes back, that is −$6 on $10k: about 2.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MU-USD	1,041.9	0.0040	pay 0.0005% / 1h	44m 16s	$70K	$232K	10x
Short	BloFin MU-USDT	1,041.8	0.0120	get 0.0120% / 8h	2h 44m	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Arcus. 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 ArcusbpFee BloFinbpOrdersPrice spread, now −0.010%Rate

Funding earned: $16.74
Price spread: −0.010% → +0.050%: −$5.93
Slippage, 4 orders: −$17.51
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$23.2
Costs to cover: 0.340%
Break-even: 16.7 days

Slippage from Arcus: live order book, 4 min ago; BloFin: live order book, 4 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 Arcus live order book, 4 min ago	3.74 bp	9.4 bp −$9	13.5 bp −$135	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.05 bp	7.7 bp −$8	8.7 bp −$87	13.5 bp −$1,351	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	−0.0373%	4h	1,042.1	+0.022%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,041.5	−0.037%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,041	−0.079%	$122.6M	$525.5M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,041.3	−0.058%	$18.5M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,041	−0.083%	$30.4M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,041.4	−0.043%	$336K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,041.1	−0.074%	$61.8M	$28.0M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,041.3	−0.058%	$20.4M	$41.0M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,042	+0.009%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,042.2	+0.035%	$83K	$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	1,042.5	+0.061%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042.5	+0.064%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,040.8	−0.103%	$73K	$503K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,040.7	−0.108%	$128K	$448K	50x	as long as short
Nado MU-PERP	+0.0007%	1h	1,041	−0.079%	$280K	$820K	10x	as long as short
Bullet MU-USD	+0.0011%	1h	1,041.2	−0.061%	$25K	$391K	10x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,041.9	+0.001%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,041.4	−0.046%	$7.0M	$17.9M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,041.4	−0.048%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,040.7	−0.111%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.912%	$19K	$5K	12x	as long as short
Arcus MU-USDlong	+0.0040%	1h	1,041.9	long leg	$70K	$232K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,041.7	−0.012%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,040.9	−0.092%	$176.9M	$93.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,041	−0.083%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,041	−0.083%	$683K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,041.5	−0.032%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,041.5	−0.031%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,040.8	−0.106%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,041.2	−0.061%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,041.2	−0.062%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,042.3	+0.042%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,041	−0.081%	$828	$799	20x	as long as short
BloFin MU-USDTshort	+0.0120%	8h	1,041.8	−0.010%	$1.5M	$2.0M	20x
Lighter MU	+0.0128%	1h	1,041.6	−0.028%	$1.1M	$4.9M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,043.3	+0.140%	$745K	$1.2M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,043.3	+0.138%	$534K	$270K	15x	as long as short