Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h −0.051%

Price spread now: Vest against BloFin+0.086%7-day average +0.634% · you sell dearer than you buy

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

Long on BloFin Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.144%−$14 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.086%, 7d avg +0.634%

Together, before fees−0.108%+ Points / potential airdropVest: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Vest is 0.549% cheaper against BloFin than usual: you would sell low and buy high (−$55 if the spread goes back to its 7-day average of +0.634%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MU-USDT	1,052.5	0.0135	pay 0.0135% / 8h	4h 07m	$1.5M	$2.0M	20x
Short	Vest MU-USD-PERP	1,053.4	0.0046	get 0.0006% / 1h	7m 42s	—	$176K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now +0.086%Rate

Funding earned: −$18.75
Price spread: +0.086% → +0.634%: −$54.89
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$87.64
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 min ago; Vest: 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, 5 min ago	0.05 bp	7.0 bp −$7	8.2 bp −$82	13.7 bp −$1,367	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0884%	4h	1,052	−0.048%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,052.4	−0.002%	$21.4M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.3	−0.014%	$31.2M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.4	−0.004%	$340K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.2	−0.029%	$62.3M	$27.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,051.9	−0.050%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.4	−0.007%	$81K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,052.2	−0.026%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.6	+0.017%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,051.9	−0.050%	$72K	$447K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,052	−0.040%	$131K	$434K	50x	as long as short
Bybit MUUSDT	+0.0014%	8h	1,052.4	−0.009%	$19.1M	$32.2M	100x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,052	−0.041%	$3K	$44K	10x	as long as short
Binance MUUSDT	+0.0031%	8h	1,052.3	−0.017%	$126.6M	$516.3M	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.3	−0.020%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.7	−0.068%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.105%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052.2	−0.025%	$7.1M	$17.8M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.9	−0.053%	$71K	$234K	10x	as long as short
Nado MU-PERP	+0.0043%	1h	1,052.1	−0.032%	$282K	$836K	10x	as long as short
Vest MU-USD-PERPshort	+0.0046%	1h	1,053.4	+0.086%	—	$176K	25x
Bullet MU-USD	+0.0046%	1h	1,052.4	−0.009%	$26K	$395K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.9	−0.053%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.2	−0.029%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.4	−0.105%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,052.3	−0.014%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.3	−0.015%	$1.1M	$5.1M	20x	as long as short
Bitget MUUSDT	+0.0059%	8h	1,052.3	−0.014%	$20.5M	$41.1M	50x	as long as short
tradeXYZ xyz:MU	+0.0067%	1h	1,052	−0.044%	$178.8M	$97.8M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.9	+0.041%	$759K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0088%	1h	1,051.8	−0.061%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.2	−0.022%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.1	−0.036%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	−0.040%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.1	−0.032%	$836	$799	20x	as long as short
BloFin MU-USDTlong	+0.0135%	8h	1,052.5	long leg	$1.5M	$2.0M	20x
Phoenix MU	+0.0304%	1h	1,052.4	−0.006%	$538K	$271K	15x	as long as short