Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h −0.032%

Price spread now: Aster against ApeX Omni+0.180%79s7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.497% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 3 days (all we have)−0.162%−$16 · spread now +0.180%, 7d avg +0.007%

Together, before fees−0.321%+ Points / potential airdropAster: Stage 5 · farm board−$32 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 Aster is 0.173% dearer against ApeX Omni than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.007%. Mind the row above: over the last 7 days funding on this pair cost −0.159%, so the current rate has only just turned in your favour. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MUUSDT	1,045.8	0.0100	pay 0.0013% / 1h	56m 17s	$71K	$266K	50x
Short	Aster MUUSD1	1,047.7	0.0172	get 0.0172% / 8h	7h 56m	$21.6M	$47.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now +0.180%Rate

Funding earned: $15.08
Price spread: +0.180% → +0.007%: $17.34
Slippage, 4 orders: −$31.72
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.3
Costs to cover: 0.497%
Break-even: 15.0 days

Slippage from ApeX Omni: live order book, 16 min ago; Aster: 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 ApeX Omni live order book, 16 min ago	7.41 bp	17.9 bp −$18	186.7 bp −$1,867	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.91 bp	7.3 bp −$7	14.6 bp −$146	doesn't fit	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	−0.0299%	4h	1,044.8	−0.096%	$1.3M	$671K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,047.7	+0.176%	$63.1M	$28.3M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,046.4	+0.052%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.1	+0.410%	$11K	$6.4M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.2	+0.222%	$62K	$291K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.2	+0.222%	$130K	$418K	50x	as long as short
Aftermath Perps MUUSD	+0.0025%	1h	1,045.4	−0.040%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,048.4	+0.241%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.467%	$14K	$251	12x	as long as short
Lighter MU	+0.0040%	1h	1,048.2	+0.222%	$1.1M	$4.7M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MU-USD-PERP	+0.0046%	1h	1,048.3	+0.234%	—	$194K	25x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,046.4	+0.057%	$2.0M	$2.2M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,047.5	+0.162%	$7.9M	$23.6M	10x	as long as short
Nado MU-PERP	+0.0056%	1h	1,046.8	+0.096%	$271K	$864K	10x	as long as short
OKX MU-USDT-SWAP	+0.0084%	8h	1,048.4	+0.247%	$30.9M	$102.0M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,047.7	+0.183%	$153K	$180K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,047	+0.109%	$5.3M	$3.8M	20x	as long as short
ApeX Omni MUUSDTlong	+0.0100%	1h	1,045.8	long leg	$71K	$266K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.2	+0.223%	$833	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0104%	8h	1,047.7	+0.179%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,046.7	+0.080%	$33K	—	10x	as long as short
Bitget MUUSDT	+0.0129%	8h	1,048	+0.206%	$20.6M	$41.7M	50x	as long as short
Variational Omni MU	+0.0168%	8h	1,048.2	+0.222%	$2.7M	$2.5M	—	as long as short
Aster MUUSD1short	+0.0172%	8h	1,047.7	+0.180%	$21.6M	$47.8M	20x
Binance MUUSDT	+0.0182%	8h	1,048.2	+0.229%	$125.3M	$526.9M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,046.7	+0.079%	$759K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0187%	8h	1,048.4	+0.246%	$19.2M	$32.6M	100x	as long as short
GRVT MU_USDT_Perp	+0.0204%	8h	1,045.8	−0.005%	$82K	$1.4M	10x	as long as short
Arcus MU-USD	+0.0240%	1h	1,046.2	+0.032%	$71K	$243K	10x	as long as short
BloFin MU-USDT	+0.0301%	8h	1,048	+0.210%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,047.9	+0.193%	$315K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0448%	1h	1,044.4	−0.141%	$550K	$1.0M	10x	as long as short
Phoenix MU	+0.0460%	1h	1,046	+0.016%	$535K	$306K	15x	as long as short
SoDEX MU-USD	+0.0464%	1h	1,048	+0.207%	$688K	$16K	10x	as long as short
Polymarket Perps MU-USD	+0.0532%	1h	1,046.6	+0.074%	$169K	$202K	10x	as long as short
Bullet MU-USD	+0.0819%	1h	1,048.1	+0.222%	$26K	$394K	10x	as long as short
tradeXYZ xyz:MU	+0.0893%	1h	1,046.7	+0.083%	$177.3M	$105.2M	10x	as long as short