Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.022%

Price spread now: Aster against Arcus+0.034%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.115%−$12 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.034%, 7d avg +0.044%

Together, before fees−0.142%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MU-USD	1,050	0.0040	pay 0.0005% / 1h	56m 43s	$71K	$233K	10x
Short	Aster MUUSD1	1,050.4	0	get 0.0000% / 8h	3h 56m	$21.4M	$55.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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 ArcusbpFee AsterbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$8.46
Price spread: +0.034% → +0.044%: −$0.93
Slippage, 4 orders: −$18.75
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$40.64
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Arcus: live order book, 62 min ago; Aster: 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 Arcus live order book, 62 min ago	3.42 bp	8.5 bp −$8	12.7 bp −$127	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	0.05 bp	4.0 bp −$4	8.0 bp −$80	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	−0.0119%	4h	1,049.8	−0.023%	$1.3M	$673K	10x	as long as short
Aster MUUSD1short	0.0000%	8h	1,050.4	+0.034%	$21.4M	$55.0M	20x
OKX MU-USDT-SWAP	0.0000%	8h	1,049.6	−0.041%	$31.2M	$99.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,049.9	−0.010%	$339K	$351K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.6	−0.047%	$62.6M	$27.5M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,049.9	−0.014%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,050.4	+0.035%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.3	+0.020%	$81K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.2	+0.013%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.7	+0.061%	$12K	$5.8M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,049.7	−0.037%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0008%	8h	1,049.8	−0.028%	$19.0M	$32.0M	100x	as long as short
Binance MUUSDT	+0.0017%	8h	1,049.7	−0.035%	$126.0M	$517.0M	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,050.1	+0.004%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,049.6	−0.040%	$7.1M	$17.8M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.6	−0.047%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.1	−0.090%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.126%	$19K	$5K	12x	as long as short
Arcus MU-USDlong	+0.0040%	1h	1,050	long leg	$71K	$233K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,051.1	+0.101%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049.4	−0.061%	$178.1M	$98.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.8	−0.023%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.1	+0.002%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.6	−0.039%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,049.8	−0.024%	$2K	—	5x	as long as short
BloFin MU-USDT	+0.0073%	8h	1,050.3	+0.021%	$1.5M	$2.0M	20x	as long as short
Nado MU-PERP	+0.0079%	1h	1,050.1	+0.002%	$282K	$835K	10x	as long as short
Aevo MU-PERP	+0.0088%	1h	1,049.7	−0.031%	$32K	$1K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0093%	1h	1,049.9	−0.014%	$73K	$456K	10x	as long as short
Lighter MU	+0.0096%	1h	1,049.6	−0.047%	$1.1M	$5.0M	20x	as long as short
Pacifica MU	+0.0100%	1h	1,049.6	−0.045%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.6	−0.046%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.4	+0.030%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.1	+0.005%	$835	$799	20x	as long as short
Bullet MU-USD	+0.0104%	1h	1,050.3	+0.024%	$26K	$395K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	−0.001%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0304%	1h	1,050.6	+0.053%	$537K	$271K	15x	as long as short