Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.007%

Price spread now: RISEx against BloFin+0.110%7-day average −0.001% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$220.215% of the position

Long on BloFin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.147%−$15 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.110%, 7d avg −0.001%

Together, before fees−0.219%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.111% dearer against BloFin than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of −0.001%): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MU-USDT	1,037.3	0.0120	pay 0.0120% / 8h	7h 59m	$1.5M	$2.1M	20x
Short	RISEx MU/USDC	1,038.4	0	get 0.0000% / 1h	59m 06s	$312K	$382K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.110%Rate

Funding earned: −$25.2
Price spread: +0.110% → −0.001%: $11.07
Slippage, 4 orders: −$3.51
Fee BloFin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$35.65
Costs to cover: 0.215%
Break-even: never at this rate

Slippage from BloFin: live order book, 9 min ago; RISEx: live order book, 39 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, 9 min ago	0.24 bp	7.4 bp −$7	8.6 bp −$86	14.8 bp −$1,478	doesn't fit
Sell RISEx live order book, 39 min ago	0.92 bp	3.9 bp −$4	5.0 bp −$50	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	−0.0766%	4h	1,038.5	+0.124%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0122%	8h	1,036.5	−0.076%	$20.5M	$40.4M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,037.7	+0.041%	$21.2M	$68.3M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.1	−0.013%	$122.5M	$538.5M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037.3	+0.008%	$18.8M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.1	−0.110%	$29.8M	$100.2M	50x	as long as short
RISEx MU/USDCshort	0.0000%	1h	1,038.4	+0.110%	$312K	$382K	20x
Gate MU_USDT	0.0000%	8h	1,037.3	+0.006%	$62.2M	$27.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,038	+0.070%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.1	+0.082%	$80K	$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
Nado MU-PERP	0.0000%	1h	1,038.1	+0.079%	$279K	$803K	10x	as long as short
StandX MU-USD	0.0000%	1h	1,038.2	+0.087%	$188K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,037.3	+0.005%	$25K	$388K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,038.6	+0.134%	$11K	$5.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,037.5	+0.019%	$74K	$623K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037.8	+0.055%	$126K	$483K	50x	as long as short
tradeXYZ xyz:MU	+0.0013%	1h	1,036.6	−0.063%	$176.2M	$80.4M	10x	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,037.7	+0.042%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038.4	+0.108%	$7.0M	$18.7M	10x	as long as short
Lighter MU	+0.0032%	1h	1,036.8	−0.047%	$1.0M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.8	−0.040%	$1.1M	$4.3M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.7	+0.046%	$544K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.360%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,038	+0.073%	$90K	$243K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.4	+0.112%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.3	+0.005%	$168K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,037.5	+0.022%	$681K	$15K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,038.5	+0.120%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,036.9	−0.036%	$1.9M	$2.7M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.1	−0.010%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,038.3	+0.105%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.1	+0.081%	$145K	$191K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.6	+0.034%	$5.2M	$4.2M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.6	+0.134%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.2	+0.094%	$825	$799	20x	as long as short
BloFin MU-USDTlong	+0.0120%	8h	1,037.3	long leg	$1.5M	$2.1M	20x
Phoenix MU	+0.0232%	1h	1,038.2	+0.092%	$531K	$270K	15x	as long as short