Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.023%

Price spread now: SunX against Aftermath Perps+0.183%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 SunX

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. SunX is 0.183% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.183% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MUUSD	1,032.4	0.0029	pay 0.0004% / 1h	0m 03s	$3K	$43K	10x
Short	SunX MU-USDT	1,034.3	0	get 0.0000% / 8h	7h 00m	$11K	$5.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.183%Rate

Funding earned: −$6.16
Price spread: +0.183% → 0.000%: $18.3
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$4.86
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; SunX: live order book, 9 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 SunX live order book, 9 min ago	21.59 bp	33.1 bp −$33	doesn't fit	doesn't fit	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 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	−0.0053%	4h	1,033.2	+0.075%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,033.5	+0.104%	$21.1M	$69.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,033.4	+0.094%	$121.6M	$551.0M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,033.4	+0.097%	$29.1M	$104.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,032.9	+0.048%	$294K	$374K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,033.1	+0.065%	$61.6M	$28.8M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,033.4	+0.099%	$19.6M	$41.8M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,032.4	−0.002%	$2.5M	$2.7M	—	as long as short
StandX MU-USD	0.0000%	1h	1,032.4	−0.003%	$187K	$3.7M	20x	as long as short
SunX MU-USDTshort	0.0000%	8h	1,034.3	+0.183%	$11K	$5.3M	10x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,032.9	+0.045%	$119K	$493K	50x	as long as short
QFEX MU-USD	+0.0027%	1h	1,032.4	−0.006%	$7.0M	$19.0M	10x	as long as short
Aftermath Perps MUUSDlong	+0.0029%	1h	1,032.4	long leg	$3K	$43K	10x
Lighter RH MU	+0.0032%	1h	1,033.2	+0.073%	$1.1M	$4.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.835%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,032.1	−0.028%	$89K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,033	+0.059%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,032.4	−0.001%	$167K	$177K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,032.1	−0.035%	$1.9M	$3.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,032.8	+0.034%	$32K	$1K	10x	as long as short
Paradex MU-USD-PERP	+0.0088%	8h	1,032.3	−0.008%	$2K	—	5x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,030.9	−0.143%	$720K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,032	−0.040%	$146K	$214K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,032.5	+0.004%	$5.1M	$5.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,033.2	+0.073%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,033	+0.057%	$821	$799	20x	as long as short
Nado MU-PERP	+0.0116%	1h	1,031.5	−0.085%	$264K	$811K	10x	as long as short
SoDEX MU-USD	+0.0118%	1h	1,032.9	+0.048%	$678K	$13K	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,033	+0.061%	$1.4M	$2.3M	20x	as long as short
Bybit MUUSDT	+0.0120%	8h	1,033.5	+0.101%	$18.7M	$32.5M	100x	as long as short
tradeXYZ xyz:MU	+0.0132%	1h	1,032.9	+0.047%	$174.9M	$78.3M	10x	as long as short
Lighter MU	+0.0144%	1h	1,033.4	+0.094%	$1.0M	$5.1M	20x	as long as short
Bullet MU-USD	+0.0183%	1h	1,033.3	+0.086%	$26K	$388K	10x	as long as short
Extended MU_24_5-USD	+0.0224%	1h	1,032	−0.041%	$542K	$1.1M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,032.7	+0.028%	$529K	$270K	15x	as long as short
GRVT MU_USDT_Perp	+0.0373%	8h	1,033.3	+0.087%	$81K	$1.4M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0593%	1h	1,032.8	+0.042%	$72K	$636K	10x	as long as short