Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.016%
Price spread now: BloFin against Extended+0.246%54s7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$210.207% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.224%+$22 on $10k
Price spread, last 4 days (all we have)−0.430%−$43 · spread now +0.246%, 7d avg +0.051%
Together, before fees−0.205%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.195% dearer against Extended than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.051%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended MU_24_5-USD1,027.20.0032pay 0.0004% / 1h36m 12s$540K$1.1M10x
ShortBloFin MU-USDT1,029.70.0120get 0.0120% / 8h7h 36m$1.5M$2.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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

Funding earned
$18.48
Price spread: +0.246% → +0.051%
$19.52
Slippage, 4 orders
−$3.74
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
$17.26
Costs to cover
0.207%
Break-even
0.5 days
Slippage from Extended: live order book, 2 min ago; BloFin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 2 min ago0.05 bp3.5 bp −$411.0 bp −$110doesn't fitdoesn't fit
Sell BloFin live order book, 2 min ago0.05 bp6.9 bp −$79.0 bp −$9015.5 bp −$1,549doesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0646%4h1,029.1+0.192%$1.3M$673K10xas long as short
Bitget MUUSDT−0.0061%8h1,028.2+0.099%$19.8M$40.3M50xas long as short
Aster MUUSD10.0000%8h1,028.7+0.148%$21.0M$68.9M20xas long as short
Binance MUUSDT0.0000%8h1,028.2+0.105%$121.1M$543.8M50xas long as short
Bybit MUUSDT0.0000%8h1,028.4+0.118%$18.6M$32.2M100xas long as short
OKX MU-USDT-SWAP0.0000%8h1,028+0.081%$29.4M$101.1M50xas long as short
RISEx MU/USDC0.0000%1h1,028.1+0.094%$309K$375K20xas long as short
Gate MU_USDT0.0000%8h1,028.1+0.090%$61.6M$27.9M75xas long as short
Variational Omni MU0.0000%8h1,029.4+0.215%$2.5M$2.6Mas long as short
GRVT MU_USDT_Perp0.0000%8h1,029+0.175%$72K$1.4M10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX MU-USD0.0000%1h1,029+0.177%$186K$3.6M20xas long as short
SunX MU-USDT0.0000%8h1,029.1+0.184%$11K$5.4M10xas long as short
HTX MU-USDT0.0000%8h1,028.3+0.110%$119K$488K50xas long as short
Aftermath Perps MUUSD+0.0026%1h1,029.1+0.186%$3K$43K10xas long as short
QFEX MU-USD+0.0027%1h1,028+0.081%$6.9M$18.8M10xas long as short
Lighter RH MU+0.0032%1h1,028+0.078%$1.1M$4.4M10xas long as short
Extended MU_24_5-USDlong+0.0032%1h1,027.2long leg$540K$1.1M10x
Injective MU/USDC PERP+0.0033%1h1,051.4+2.356%$19K$5K12xas long as short
Arcus MU-USD+0.0040%1h1,027.5+0.029%$89K$244K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,027.8+0.060%$176K25xas long as short
Polymarket Perps MU-USD+0.0050%1h1,027.2+0.004%$166K$177K10xas long as short
SoDEX MU-USD+0.0050%1h1,028.2+0.102%$675K$15K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,028+0.084%$1.9M$2.9M10xas long as short
Paradex MU-USD-PERP+0.0057%8h1,028+0.084%$2K5xas long as short
Lighter MU+0.0064%1h1,028.1+0.088%$982K$4.9M20xas long as short
Deribit MU_USDC-PERPETUAL+0.0071%1h1,027.9+0.071%$72K$629K10xas long as short
Nado MU-PERP+0.0074%1h1,027.6+0.047%$262K$811K10xas long as short
tradeXYZ xyz:MU+0.0074%1h1,027.8+0.062%$173.8M$79.5M10xas long as short
Aevo MU-PERP+0.0080%1h1,027.7+0.053%$32K$1K10xas long as short
Bullet MU-USD+0.0087%1h1,028+0.080%$25K$388K10xas long as short
Coinbase International MU-PERP-INTX+0.0096%1h1,029.2+0.199%$719K$1.1M10xas long as short
Pacifica MU+0.0100%1h1,027.9+0.076%$146K$194K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,027.9+0.067%$5.1M$4.5M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,028.5+0.134%$70K$270K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,028.3+0.113%$818$79920xas long as short
BloFin MU-USDTshort+0.0120%8h1,029.7+0.246%$1.5M$2.2M20x
Phoenix MU+0.0231%1h1,029.9+0.267%$527K$270K15xas long as short