Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.006%

Price spread now: Aftermath Perps against Aster−0.097%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 Aftermath Perps

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aftermath Perps is 0.097% cheaper against Aster than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 20 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MUUSD1	1,037	0	get 0.0000% / 8h	1h 37m	$21.1M	$58.4M	20x
Short	Aftermath Perps MUUSD	1,036	0.0016	get 0.0002% / 1h	37m 03s	$3K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.097%Rate

Funding earned: $3.46
Price spread: −0.097% → 0.000%: −$9.75
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$23.29
Costs to cover: 0.170%
Break-even: 54.1 days

Slippage unknown: Aster: live order book, 2 min ago; Aftermath Perps: 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	0.48 bp	5.0 bp −$5	8.6 bp −$86	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

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	−0.0282%	4h	1,036.1	−0.090%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0192%	8h	1,036.6	−0.043%	$20.2M	$40.9M	50x	as long as short
Aster MUUSD1long	0.0000%	8h	1,037	long leg	$21.1M	$58.4M	20x
Binance MUUSDT	0.0000%	8h	1,036.6	−0.042%	$121.4M	$537.3M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,036.6	−0.039%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.1	−0.091%	$29.8M	$99.8M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,036.7	−0.031%	$315K	$386K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,036.3	−0.073%	$61.7M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036	−0.098%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.3	−0.069%	$73K	$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	1,035.8	−0.122%	$187K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,036.7	−0.027%	$26K	$389K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,037.8	+0.071%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,036.3	−0.074%	$74K	$555K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,036.5	−0.053%	$127K	$441K	50x	as long as short
Nado MU-PERP	+0.0007%	1h	1,036.2	−0.084%	$277K	$816K	10x	as long as short
Aftermath Perps MUUSDshort	+0.0016%	1h	1,036	−0.097%	$3K	$44K	10x
Lighter MU	+0.0032%	1h	1,036.4	−0.062%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.4	−0.064%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036	−0.101%	$540K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,036.5	−0.055%	$7.0M	$18.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.383%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036	−0.102%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,036.4	−0.063%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036.1	−0.089%	$176.0M	$88.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,036.4	−0.060%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,036.4	−0.058%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,035.8	−0.115%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,036.5	−0.053%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,036.1	−0.093%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,036.3	−0.069%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036.4	−0.061%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,036.5	−0.054%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.6	−0.040%	$824	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.097%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.5	−0.049%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,035.9	−0.108%	$530K	$270K	15x	as long as short