Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.022%

Price spread now: Arcus against Aster−0.152%7-day average −0.043% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Aster Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.116%+$12 on $10k

Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.152%, 7d avg −0.043%

Together, before fees+0.248%+ Points / potential airdropAster: Stage 5 · farm board+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.109% cheaper against Aster than usual: you would sell low and buy high (spread −0.152% now, against its 7-day average of −0.043%). If the spread goes back, that is −$11 on $10k: about 9.0 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.116% in total) that is about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MUUSD1	1,043.1	0	get 0.0000% / 8h	2h 55m	$21.2M	$57.2M	20x
Short	Arcus MU-USD	1,041.5	0.0040	get 0.0005% / 1h	55m 08s	$70K	$232K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.152%Rate

Funding earned: $8.46
Price spread: −0.152% → −0.043%: −$10.92
Slippage, 4 orders: −$24.52
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$39.48
Costs to cover: 0.370%
Break-even: 39.7 days

Slippage from Aster: live order book, 4 min ago; Arcus: live order book, 58 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 Aster live order book, 4 min ago	1.68 bp	9.3 bp −$9	11.3 bp −$113	doesn't fit	doesn't fit
Sell Arcus live order book, 58 min ago	2.38 bp	10.3 bp −$10	13.6 bp −$136	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	−0.0628%	4h	1,041.4	−0.163%	$1.3M	$671K	10x	as long as short
Aster MUUSD1long	0.0000%	8h	1,043.1	long leg	$21.2M	$57.2M	20x
Binance MUUSDT	0.0000%	8h	1,042.4	−0.060%	$123.0M	$526.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,042.7	−0.036%	$18.6M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,042.4	−0.065%	$30.5M	$99.9M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,042.2	−0.081%	$336K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,042.2	−0.084%	$61.9M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,042.9	−0.014%	$20.5M	$41.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,042.8	−0.023%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,042.1	−0.089%	$83K	$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	1,042.6	−0.042%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,043.7	+0.061%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,042.1	−0.095%	$73K	$497K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042.5	−0.055%	$128K	$439K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,041.2	−0.184%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,042.1	−0.090%	$7.0M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.4	−0.067%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,041.7	−0.131%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.795%	$19K	$5K	12x	as long as short
Arcus MU-USDshort	+0.0040%	1h	1,041.5	−0.152%	$70K	$232K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,042.5	−0.059%	—	$176K	25x	as long as short
Nado MU-PERP	+0.0046%	1h	1,041.8	−0.123%	$281K	$821K	10x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,042.2	−0.083%	$177.1M	$95.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,041.6	−0.141%	$169K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042.2	−0.088%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,042.4	−0.063%	$2K	—	5x	as long as short
SoDEX MU-USD	+0.0057%	1h	1,042.4	−0.069%	$684K	$16K	10x	as long as short
Bullet MU-USD	+0.0064%	1h	1,042.2	−0.084%	$26K	$392K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,041.8	−0.121%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,042.6	−0.049%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,041.8	−0.124%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,041.9	−0.111%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,042.2	−0.087%	$829	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,042.8	−0.027%	$1.5M	$2.0M	20x	as long as short
Lighter MU	+0.0136%	1h	1,042.4	−0.060%	$1.1M	$4.9M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,041.2	−0.180%	$746K	$1.1M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,040.7	−0.227%	$532K	$270K	15x	as long as short