Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.029%

Price spread now: Arcus against BloFin−0.031%95s7-day average −0.053% · 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—prices read too far apart to compare

costs, in and out, $10k−$260.256% of the position

Long on BloFin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.061%−$6 on $10k

Price spread, last 3 days (all we have)+0.053%+$5 · spread now −0.031%, 7d avg −0.053%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.022% dearer against BloFin than usual: you sell high and buy low (spread −0.031% now, against its 7-day average of −0.053%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 23 hours. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MU-USDT	1,050.8	0.0315	pay 0.0315% / 8h	7h 47m	$1.5M	$2.1M	20x
Short	Arcus MU-USD	1,050.5	0.0240	get 0.0030% / 1h	47m 38s	$71K	$242K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$15.79
Price spread: −0.031% → −0.053%: $2.15
Slippage, 4 orders: −$9.12
Fee BloFin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$39.25
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Arcus: live order book, 26 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, 5 min ago	0.05 bp	6.0 bp −$6	7.7 bp −$77	13.1 bp −$1,311	doesn't fit
Sell Arcus live order book, 26 min ago	2.49 bp	7.6 bp −$8	9.3 bp −$93	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	−0.0892%	4h	1,050.2	−0.051%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.9	+0.197%	$63.1M	$28.5M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049	−0.174%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.4	+0.344%	$11K	$6.3M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.6	+0.175%	$130K	$426K	50x	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,048.8	−0.184%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,053	+0.213%	$1.1M	$4.7M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.9	+0.199%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	−0.007%	$14K	$251	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.3	+0.147%	—	$195K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,052.2	+0.131%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,053	+0.212%	$7.8M	$23.2M	10x	as long as short
Nado MU-PERP	+0.0060%	1h	1,051.6	+0.080%	$274K	$862K	10x	as long as short
OKX MU-USDT-SWAP	+0.0094%	8h	1,053	+0.210%	$30.9M	$102.4M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,053	+0.209%	$153K	$177K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.2	+0.137%	$5.3M	$3.7M	20x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.3	+0.143%	$837	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0102%	8h	1,053.2	+0.232%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,052.8	+0.193%	$32K	$1K	10x	as long as short
Bybit MUUSDT	+0.0135%	8h	1,053.3	+0.239%	$19.2M	$32.6M	100x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0168%	1h	1,053.4	+0.250%	$63K	$294K	10x	as long as short
Variational Omni MU	+0.0177%	8h	1,049.9	−0.082%	$2.7M	$2.4M	—	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,052.2	+0.131%	$762K	$1.3M	10x	as long as short
Aster MUUSD1	+0.0199%	8h	1,051.6	+0.078%	$21.6M	$47.8M	20x	as long as short
Binance MUUSDT	+0.0206%	8h	1,053.1	+0.219%	$126.2M	$527.2M	50x	as long as short
Arcus MU-USDshort	+0.0240%	1h	1,050.5	−0.031%	$71K	$242K	10x
Bitget MUUSDT	+0.0241%	8h	1,052.8	+0.193%	$20.7M	$41.7M	50x	as long as short
Polymarket Perps MU-USD	+0.0276%	1h	1,052	+0.116%	$170K	$202K	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,053	+0.208%	$317K	$339K	20x	as long as short
BloFin MU-USDTlong	+0.0315%	8h	1,050.8	long leg	$1.5M	$2.1M	20x
Phoenix MU	+0.0383%	1h	1,050.3	−0.046%	$537K	$306K	15x	as long as short
SoDEX MU-USD	+0.0421%	1h	1,051.6	+0.076%	$690K	$16K	10x	as long as short
Bullet MU-USD	+0.0510%	1h	1,052.7	+0.181%	$27K	$394K	10x	as long as short
tradeXYZ xyz:MU	+0.0511%	1h	1,052.9	+0.202%	$178.6M	$101.5M	10x	as long as short
ApeX Omni MUUSDT	+0.0518%	1h	1,049.3	−0.140%	$71K	$267K	50x	as long as short
GRVT MU_USDT_Perp	+0.0533%	8h	1,048.8	−0.192%	$83K	$1.4M	10x	as long as short
Extended MU_24_5-USD	+0.0536%	1h	1,052.3	+0.148%	$551K	$1.1M	10x	as long as short