Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0066%/8h= +7.2% APRpaid last 24h +0.043%

Price spread now: Coinbase International against Aster0.000%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.325%+$32 on $10k

Price spread, last 4 days (all we have)−0.125%−$13 · spread now 0.000%, 7d avg −0.043%

Together, before fees+0.199%+ Points / potential airdropAster: Stage 5 · farm board+$20 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 Coinbase International is 0.043% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MUUSD1	1,051.9	0.0014	pay 0.0014% / 8h	4h 46m	$21.4M	$55.0M	20x
Short	Coinbase International MU-PERP-INTX	1,051.9	0.0080	get 0.0010% / 1h	46m 52s	$758K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now 0.000%Rate

Funding earned: $13.9
Price spread: 0.000% → −0.043%: $4.29
Slippage, 4 orders: −$9.63
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$9.44
Costs to cover: 0.276%
Break-even: 11.8 days

Slippage from Aster: live order book, 2 min ago; Coinbase International: 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 Aster live order book, 2 min ago	0.52 bp	6.9 bp −$7	9.0 bp −$90	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.38 bp	7.4 bp −$7	9.4 bp −$94	81.9 bp −$8,186	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	−0.0314%	4h	1,051.5	−0.041%	$1.3M	$672K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.2	+0.023%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.8	−0.015%	$62.3M	$27.4M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,051.9	0.000%	$78K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.5	−0.042%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,053.5	+0.147%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,051.6	−0.036%	$69K	$410K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.8	−0.011%	$130K	$432K	50x	as long as short
OKX MU-USDT-SWAP	+0.0001%	8h	1,051.9	−0.002%	$31.2M	$99.9M	50x	as long as short
Aster MUUSD1long	+0.0014%	8h	1,051.9	long leg	$21.4M	$55.0M	20x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MUUSD	+0.0017%	1h	1,051.7	−0.019%	$3K	$45K	10x	as long as short
Bybit MUUSDT	+0.0017%	8h	1,052.3	+0.036%	$19.2M	$32.3M	100x	as long as short
Lighter MU	+0.0032%	1h	1,051.9	−0.009%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,051.8	−0.011%	$1.3M	$4.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.056%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,051.7	−0.023%	$7.2M	$18.0M	10x	as long as short
Bullet MU-USD	+0.0039%	1h	1,052	+0.007%	$25K	$398K	10x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,051.2	−0.073%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.6	−0.035%	$71K	$234K	10x	as long as short
Nado MU-PERP	+0.0043%	1h	1,051.5	−0.041%	$282K	$843K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053	+0.098%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.8	−0.014%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,051.8	−0.010%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.6	−0.124%	$1.9M	$2.2M	10x	as long as short
Variational Omni MU	+0.0052%	8h	1,051.8	−0.018%	$2.7M	$2.4M	—	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,051.8	−0.011%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0076%	1h	1,051.7	−0.023%	$178.8M	$99.1M	10x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0080%	1h	1,051.9	0.000%	$758K	$1.2M	10x
Binance MUUSDT	+0.0080%	8h	1,051.9	0.000%	$126.8M	$517.2M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,051.9	−0.006%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.7	−0.027%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.7	−0.020%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.8	−0.013%	$836	$799	20x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,051.5	−0.040%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0131%	8h	1,051.9	−0.001%	$20.6M	$41.1M	50x	as long as short
BloFin MU-USDT	+0.0200%	8h	1,052	+0.007%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.1	+0.015%	$538K	$271K	15x	as long as short