Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.013%

Price spread now: Aevo against Aster−0.044%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.044% cheaper against Aster than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 44 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MUUSD1	1,037.2	0	get 0.0000% / 8h	2h 16m	$21.1M	$57.2M	20x
Short	Aevo MU-PERP	1,036.8	0.0080	get 0.0010% / 1h	16m 56s	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now −0.044%Rate

Funding earned: $16.8
Price spread: −0.044% → 0.000%: −$4.36
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$11.56
Costs to cover: 0.240%
Break-even: 11.8 days

Slippage unknown: Aster: live order book, 2 min ago; Aevo: no order-book sample. 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 Aster live order book, 2 min ago	0.82 bp	8.3 bp −$8	15.3 bp −$153	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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	−0.0720%	4h	1,036.4	−0.075%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0148%	8h	1,037	−0.023%	$20.3M	$41.2M	50x	as long as short
Aster MUUSD1long	0.0000%	8h	1,037.2	long leg	$21.1M	$57.2M	20x
Binance MUUSDT	0.0000%	8h	1,036.6	−0.057%	$121.7M	$534.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,036.8	−0.041%	$18.6M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.6	−0.062%	$29.9M	$100.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,037.7	+0.045%	$317K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.2	+0.002%	$61.4M	$28.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.2	−0.100%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.6	+0.039%	$84K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,037.8	+0.061%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,038.4	+0.113%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,037	−0.018%	$73K	$522K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037.1	−0.007%	$127K	$448K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,036.7	−0.052%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,037.5	+0.031%	$7.0M	$18.2M	10x	as long as short
Nado MU-PERP	+0.0025%	1h	1,037.5	+0.031%	$277K	$819K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.9	−0.034%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036.1	−0.108%	$538K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.364%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0034%	1h	1,037.4	+0.018%	$25K	$389K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036.9	−0.029%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,037.6	+0.035%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036.7	−0.049%	$176.3M	$91.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.1	−0.011%	$168K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,037	−0.025%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,036.9	−0.028%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,037.7	+0.045%	$2K	—	5x	as long as short
Aevo MU-PERPshort	+0.0080%	1h	1,036.8	−0.044%	$32K	$1K	10x
Pacifica MU	+0.0100%	1h	1,037.6	+0.034%	$147K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.1	−0.016%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.2	+0.003%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.3	+0.009%	$825	$799	20x	as long as short
Lighter MU	+0.0112%	1h	1,037	−0.020%	$1.0M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,037	−0.025%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.120%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,036.3	−0.088%	$530K	$270K	15x	as long as short