Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.041%

Price spread now: BloFin against SoDEX+0.060%7-day average +0.028% · 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−$35as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on SoDEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.132%+$13 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.060%, 7d avg +0.028%

Together, before fees+0.080%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.032% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MU-USD	1,039.1	0.0050	pay 0.0006% / 1h	43m 09s	$683K	$14K	10x
Short	BloFin MU-USDT	1,039.7	0.0120	get 0.0120% / 8h	5h 43m	$1.5M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SoDEX. 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 SoDEXbpFee BloFinbpOrdersPrice spread, now +0.060%Rate

Funding earned: $14.7
Price spread: +0.060% → +0.028%: $3.18
Slippage, 4 orders: −$17.96
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$20.08
Costs to cover: 0.380%
Break-even: 16.6 days

Slippage from SoDEX: live order book, 4 min ago; BloFin: live order book, 3 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 SoDEX live order book, 4 min ago	0.05 bp	11.8 bp −$12	44.2 bp −$442	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.77 bp	7.8 bp −$8	9.1 bp −$91	12.0 bp −$1,204	doesn't fit

MU on 37 exchanges

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	−0.0853%	4h	1,038.8	−0.024%	$1.3M	$696K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,039.6	+0.048%	$21.2M	$73.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,039.6	+0.051%	$121.7M	$555.4M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,039.7	+0.061%	$29.7M	$107.6M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,039.3	+0.019%	$61.4M	$28.0M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,039.6	+0.046%	$19.8M	$43.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,039.1	−0.003%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,038.7	−0.039%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,041.3	+0.215%	$11K	$5.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.8	−0.030%	$34K	$726K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,039.5	+0.038%	$119K	$473K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,039.3	+0.021%	$1.2M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.181%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0035%	1h	1,039	−0.006%	$3K	$41K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040.2	+0.106%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,039.2	+0.011%	$169K	$171K	10x	as long as short
SoDEX MU-USDlong	+0.0050%	1h	1,039.1	long leg	$683K	$14K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.4	−0.163%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0058%	1h	1,039.1	+0.001%	$7.0M	$19.3M	10x	as long as short
Bybit MUUSDT	+0.0071%	8h	1,039.8	+0.072%	$18.8M	$32.3M	100x	as long as short
Paradex MU-USD-PERP	+0.0080%	8h	1,039.4	+0.025%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,039	−0.009%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.7	−0.037%	$151K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,039.2	+0.013%	$5.2M	$6.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.8	−0.032%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,039.2	+0.012%	$826	$799	20x	as long as short
RISEx MU/USDC	+0.0118%	1h	1,039.6	+0.045%	$299K	$351K	20x	as long as short
BloFin MU-USDTshort	+0.0120%	8h	1,039.7	+0.060%	$1.5M	$2.6M	20x
Nado MU-PERP	+0.0125%	1h	1,038.8	−0.028%	$276K	$841K	10x	as long as short
Arcus MU-USD	+0.0139%	1h	1,038.8	−0.032%	$90K	$147K	10x	as long as short
Lighter MU	+0.0168%	1h	1,039.4	+0.028%	$1.0M	$5.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0192%	1h	1,038.5	−0.060%	$727K	$1.2M	10x	as long as short
Bullet MU-USD	+0.0210%	1h	1,039.6	+0.047%	$24K	$384K	10x	as long as short
GRVT MU_USDT_Perp	+0.0221%	8h	1,040.4	+0.129%	$73K	$1.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0240%	1h	1,039.3	+0.020%	$177.2M	$75.7M	10x	as long as short
Phoenix MU	+0.0308%	1h	1,040.4	+0.126%	$532K	$159K	15x	as long as short
Extended MU_24_5-USD	+0.0336%	1h	1,038.5	−0.053%	$551K	$1.1M	10x	as long as short