Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0185%/8h= +20.3% APRpaid last 24h +0.006%

Price spread now: Binance against Aftermath Perps+0.059%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.059% dearer against Aftermath Perps than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MUUSD	1,049.9	0.0018	pay 0.0002% / 1h	22m 59s	$3K	$45K	10x
Short	Binance MUUSDT	1,050.6	0.0203	get 0.0203% / 8h	6h 22m	$126.6M	$524.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aftermath Perps. 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 Aftermath PerpsbpFee BinancebpOrdersPrice spread, now +0.059%Rate

Funding earned: $38.91
Price spread: +0.059% → 0.000%: $5.86
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: $25.77
Costs to cover: 0.190%
Break-even: 2.4 days

Slippage unknown: Aftermath Perps: no order-book sample; Binance: live order book, 6 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 6 min ago	0.05 bp	6.0 bp −$6	7.6 bp −$76	16.8 bp −$1,680	doesn't fit

Aftermath Perps: 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 36 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	−0.0953%	4h	1,050.1	+0.015%	$1.3M	$670K	10x	as long as short
Nado MU-PERP	−0.0005%	1h	1,050.5	+0.055%	$276K	$855K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.7	+0.076%	$19.2M	$32.6M	100x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.5	+0.048%	$62.1M	$27.7M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.5	+0.048%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050.7	+0.074%	$25K	$395K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.9	+0.183%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.4	+0.041%	$66K	$336K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.4	+0.044%	$129K	$425K	50x	as long as short
Aftermath Perps MUUSDlong	+0.0018%	1h	1,049.9	long leg	$3K	$45K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,050.5	+0.055%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.5	+0.057%	$1.1M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,050.1	+0.014%	$567K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,050.6	+0.061%	$7.4M	$19.6M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.2	+0.020%	$71K	$236K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.6	+0.161%	—	$177K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,050.4	+0.043%	$178.3M	$99.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.4	+0.043%	$171K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.6	+0.063%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.9	−0.004%	$1.9M	$2.4M	10x	as long as short
OKX MU-USDT-SWAP	+0.0058%	8h	1,050.6	+0.061%	$30.8M	$100.7M	50x	as long as short
Paradex MU-USD-PERP	+0.0063%	8h	1,050.6	+0.066%	$2K	—	5x	as long as short
GRVT MU_USDT_Perp	+0.0083%	8h	1,050.6	+0.064%	$81K	$1.3M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.7	+0.076%	$149K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.4	+0.047%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.2	+0.028%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.7	+0.076%	$835	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.135%	$19K	$5K	12x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,050.4	+0.044%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.3	+0.032%	$757K	$1.2M	10x	as long as short
Aster MUUSD1	+0.0171%	8h	1,050.8	+0.080%	$21.6M	$51.5M	20x	as long as short
Variational Omni MU	+0.0186%	8h	1,050.5	+0.052%	$2.7M	$2.4M	—	as long as short
Binance MUUSDTshort	+0.0203%	8h	1,050.6	+0.059%	$126.6M	$524.0M	50x
Bitget MUUSDT	+0.0246%	8h	1,050.6	+0.062%	$20.6M	$42.0M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,050.8	+0.081%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,050.7	+0.070%	$334K	$348K	20x	as long as short