Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.022%

Price spread now: Aster against Aevo+0.063%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.063% dearer against Aevo than usual: you sell high and buy low (spread +0.063% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MU-PERP	1,044.1	0.0096	pay 0.0012% / 1h	26m 05s	$33K	—	10x
Short	Aster MUUSD1	1,044.7	0	get 0.0000% / 8h	2h 26m	$21.5M	$43.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$20.16
Price spread: +0.063% → 0.000%: $6.3
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$37.86
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Aster: live order book, 3 min ago. 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 Aevo no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	0.86 bp	5.6 bp −$6	9.2 bp −$92	doesn't fit	doesn't fit

Aevo: 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	−0.0845%	4h	1,043.7	−0.034%	$1.3M	$674K	10x	as long as short
Aster MUUSD1short	0.0000%	8h	1,044.7	+0.063%	$21.5M	$43.3M	20x
OKX MU-USDT-SWAP	0.0000%	8h	1,044.3	+0.020%	$30.7M	$104.4M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,044.3	+0.023%	$63.1M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,043	−0.103%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.3	+0.213%	$11K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,044.1	−0.003%	$125K	$443K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,043.7	−0.040%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,044	−0.007%	$1.1M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.635%	$14K	$302	12x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MU	+0.0038%	8h	1,043.9	−0.017%	$2.7M	$2.7M	—	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,043.9	−0.019%	—	$193K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,043.8	−0.027%	$165K	$176K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.3	−0.077%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0057%	1h	1,044.1	+0.004%	$7.8M	$24.1M	10x	as long as short
SoDEX MU-USD	+0.0058%	1h	1,044.3	+0.025%	$685K	$16K	10x	as long as short
Bitget MUUSDT	+0.0063%	8h	1,044.3	+0.021%	$20.5M	$42.9M	50x	as long as short
Binance MUUSDT	+0.0080%	8h	1,044.3	+0.023%	$124.8M	$540.3M	50x	as long as short
Aevo MU-PERPlong	+0.0096%	1h	1,044.1	long leg	$33K	—	10x
Pacifica MU	+0.0100%	1h	1,043.8	−0.026%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.6	−0.048%	$5.2M	$4.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.5	−0.059%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,044.3	+0.021%	$830	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0112%	8h	1,044.2	+0.009%	$2K	—	5x	as long as short
GRVT MU_USDT_Perp	+0.0126%	8h	1,043.9	−0.019%	$82K	$1.4M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,043.3	−0.079%	$756K	$1.8M	10x	as long as short
Bybit MUUSDT	+0.0166%	8h	1,044.6	+0.047%	$19.1M	$32.5M	100x	as long as short
tradeXYZ xyz:MU	+0.0186%	1h	1,044.3	+0.021%	$176.5M	$107.0M	10x	as long as short
Nado MU-PERP	+0.0195%	1h	1,043.2	−0.080%	$307K	$845K	10x	as long as short
BloFin MU-USDT	+0.0196%	8h	1,044.2	+0.013%	$1.5M	$2.1M	20x	as long as short
RISEx MU/USDC	+0.0202%	1h	1,044.4	+0.034%	$288K	$331K	20x	as long as short
Lighter MU	+0.0224%	1h	1,044.2	+0.013%	$1.0M	$4.8M	20x	as long as short
Arcus MU-USD	+0.0226%	1h	1,044.1	+0.001%	$63K	$236K	10x	as long as short
Phoenix MU	+0.0230%	1h	1,044.1	+0.002%	$534K	$303K	15x	as long as short
Bullet MU-USD	+0.0231%	1h	1,044.3	+0.025%	$25K	$399K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0315%	1h	1,044	−0.005%	$57K	$214K	10x	as long as short
Extended MU_24_5-USD	+0.0648%	1h	1,042.8	−0.120%	$540K	$1.0M	10x	as long as short