Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0158%/8h= +17.3% APRpaid last 24h +0.016%

Price spread now: BloFin against tradeXYZ−0.001%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.197%+$20 on $10k

Price spread, last 4 days (all we have)−0.180%−$18 · spread now −0.001%, 7d avg +0.061%

Together, before fees+0.017%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.061% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.061%). If the spread goes back, that is −$6 on $10k: about 31 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MU	1,052.2	0.0060	pay 0.0007% / 1h	1m 04s	$178.6M	$99.0M	10x
Short	BloFin MU-USDT	1,052.2	0.0218	get 0.0218% / 8h	5h 01m	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against tradeXYZ. 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 tradeXYZbpFee BloFinbpOrdersPrice spread, now −0.001%Rate

Funding earned: $33.21
Price spread: −0.001% → +0.061%: −$6.15
Slippage, 4 orders: −$2.35
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$5.29
Costs to cover: 0.324%
Break-even: 8.1 days

Slippage from tradeXYZ: live order book, 9 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy tradeXYZ live order book, 9 min ago	0.47 bp	9.8 bp −$10	11.2 bp −$112	17.1 bp −$1,712	doesn't fit
Sell BloFin live order book, 2 min ago	0.19 bp	6.4 bp −$6	7.3 bp −$73	11.3 bp −$1,133	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	−0.0935%	4h	1,052.3	+0.006%	$1.3M	$672K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.7	+0.048%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.3	+0.011%	$62.1M	$27.6M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.4	+0.018%	$78K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,052.1	−0.012%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.1	+0.179%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,052.1	−0.007%	$69K	$394K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.5	+0.026%	$130K	$431K	50x	as long as short
Bybit MUUSDT	+0.0010%	8h	1,052.8	+0.061%	$19.2M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	+0.0011%	8h	1,052.4	+0.021%	$31.1M	$99.9M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MUUSD	+0.0017%	1h	1,051.8	−0.034%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0030%	1h	1,052.4	+0.014%	$7.2M	$18.0M	10x	as long as short
Aster MUUSD1	+0.0031%	8h	1,052.4	+0.018%	$21.4M	$55.0M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.4	+0.015%	$1.3M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.080%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.8	−0.034%	$71K	$234K	10x	as long as short
Nado MU-PERP	+0.0046%	1h	1,052.1	−0.013%	$282K	$844K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.6	+0.129%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.2	0.000%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.4	+0.019%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.6	−0.062%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,052.5	+0.031%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.4	+0.023%	$1.1M	$5.1M	20x	as long as short
Extended MU_24_5-USD	+0.0056%	1h	1,051.8	−0.038%	$564K	$1.1M	10x	as long as short
tradeXYZ xyz:MUlong	+0.0060%	1h	1,052.2	long leg	$178.6M	$99.0M	10x
Bullet MU-USD	+0.0060%	1h	1,052.5	+0.029%	$26K	$398K	10x	as long as short
Variational Omni MU	+0.0063%	8h	1,052.3	+0.011%	$2.7M	$2.4M	—	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,051.9	−0.025%	$758K	$1.2M	10x	as long as short
Binance MUUSDT	+0.0098%	8h	1,052.5	+0.029%	$126.7M	$517.4M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,052.5	+0.025%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.2	+0.002%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052.4	+0.022%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.4	+0.021%	$837	$799	20x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,052.1	−0.012%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0138%	8h	1,052.6	+0.034%	$20.6M	$41.1M	50x	as long as short
BloFin MU-USDTshort	+0.0218%	8h	1,052.2	−0.001%	$1.5M	$2.0M	20x
Phoenix MU	+0.0229%	1h	1,052.5	+0.029%	$538K	$271K	15x	as long as short