Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h −0.057%

Price spread now: Injective against BloFin+0.922%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.413%−$41 on $10k

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. Injective is 0.922% dearer against BloFin than usual: you sell high and buy low (spread +0.922% now, against zero (this spread has no 7-day history yet)): +$92 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 35 days. At the pace of the last 7 days (−0.413% in total) that is about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MU-USDT	1,041.8	0.0120	pay 0.0120% / 8h	2h 45m	$1.5M	$2.0M	20x
Short	Injective MU/USDC PERP	1,051.4	0.0033	get 0.0004% / 1h	45m 29s	$19K	$5K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.922%Rate

Funding earned: −$18.2
Price spread: +0.922% → 0.000%: $92.25
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $62.03
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 2 min ago; Injective: no order-book sample. 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 BloFin live order book, 2 min ago	0.05 bp	6.0 bp −$6	7.1 bp −$71	13.9 bp −$1,389	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0373%	4h	1,042.1	+0.033%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,042.7	+0.090%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,042.1	+0.037%	$122.7M	$525.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,042.4	+0.065%	$18.6M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,041.8	+0.005%	$30.4M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,042.5	+0.073%	$336K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,042.3	+0.048%	$61.9M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,042.6	+0.081%	$20.4M	$41.0M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,042	+0.019%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,042.2	+0.045%	$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	1,042.1	+0.032%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,043.7	+0.182%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,041.7	−0.003%	$73K	$503K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042	+0.021%	$128K	$440K	50x	as long as short
Nado MU-PERP	+0.0007%	1h	1,042.1	+0.038%	$281K	$820K	10x	as long as short
Bullet MU-USD	+0.0016%	1h	1,042.2	+0.043%	$25K	$392K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,042.1	+0.032%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,042	+0.023%	$7.0M	$17.9M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.2	+0.043%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,041.6	−0.011%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERPshort	+0.0033%	1h	1,051.4	+0.922%	$19K	$5K	12x
Arcus MU-USD	+0.0040%	1h	1,042.1	+0.035%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,042.5	+0.075%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,042.1	+0.034%	$177.1M	$93.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,042.1	+0.034%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,041.8	+0.006%	$684K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,041.6	−0.013%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,042.6	+0.084%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,041.6	−0.011%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,042.3	+0.056%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,042.1	+0.037%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,042.3	+0.053%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,042.1	+0.033%	$828	$799	20x	as long as short
BloFin MU-USDTlong	+0.0120%	8h	1,041.8	long leg	$1.5M	$2.0M	20x
Lighter MU	+0.0128%	1h	1,042.4	+0.064%	$1.1M	$4.9M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,043.3	+0.151%	$745K	$1.2M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,043.3	+0.149%	$534K	$270K	15x	as long as short