Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h +0.036%
Price spread now: Deribit against Aster−0.120%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$410.413% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.044%+$4 on $10k
Price spread, last 3 days (all we have)+0.035%+$3 · spread now −0.120%, 7d avg −0.029%
Together, before fees+0.079%+ Points / potential airdropAster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.092% cheaper against Aster than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MUUSD11,046.80.0171pay 0.0171% / 8h7h 57m$21.6M$47.6M20x
ShortDeribit MU_USDC-PERPETUAL1,045.60.0085get 0.0011% / 1h57m 51s$62K$291K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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

Funding earned
−$18.03
Price spread: −0.120% → −0.029%
−$9.17
Slippage, 4 orders
−$26.33
Fee Aster: 4 bp × 2 orders
−$8
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$68.53
Costs to cover
0.413%
Break-even
never at this rate
Slippage from Aster: live order book, 1 min ago; Deribit: live order book, 16 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 1 min ago0.91 bp4.9 bp −$59.5 bp −$95doesn't fitdoesn't fit
Sell Deribit live order book, 16 min ago3.44 bp14.8 bp −$1518.3 bp −$183doesn't fitdoesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0297%4h1,045.6−0.111%$1.3M$674K10xas long as short
StandX MU-USD0.0000%1h1,044.8−0.197%$189K$3.3M20xas long as short
SunX MU-USDT0.0000%8h1,047.5+0.067%$11K$6.4M10xas long as short
HTX MU-USDT0.0000%8h1,045−0.169%$129K$418K50xas long as short
Aftermath Perps MUUSD+0.0026%1h1,045−0.170%$3K$45K10xas long as short
Lighter RH MU+0.0032%1h1,046.3−0.046%$1.2M$4.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,050.7+0.373%$14K$25112xas long as short
Nado MU-PERP+0.0035%1h1,044.9−0.187%$268K$869K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,045.8−0.099%$194K25xas long as short
Lighter MU+0.0048%1h1,046.2−0.063%$1.0M$4.7M20xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MU-USD.P+0.0050%1h1,043.1−0.358%$2.0M$2.7M10xas long as short
QFEX MU-USD+0.0054%1h1,046.4−0.039%$7.9M$23.7M10xas long as short
OKX MU-USDT-SWAP+0.0075%8h1,046.6−0.019%$30.9M$102.0M50xas long as short
Polymarket Perps MU-USD+0.0082%1h1,045.4−0.135%$169K$203K10xas long as short
Deribit MU_USDC-PERPETUALshort+0.0085%1h1,045.6−0.120%$62K$291K10x
Pacifica MU+0.0100%1h1,046.2−0.054%$153K$180K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,046.2−0.060%$5.2M$3.9M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,045.8−0.094%$71K$266K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,046−0.080%$832$79920xas long as short
Paradex MU-USD-PERP+0.0103%8h1,046.2−0.061%$2K5xas long as short
Bitget MUUSDT+0.0117%8h1,046.2−0.059%$20.5M$41.7M50xas long as short
SoDEX MU-USD+0.0123%1h1,045.5−0.122%$686K$16K10xas long as short
Aevo MU-PERP+0.0128%1h1,045.4−0.138%$33K10xas long as short
Gate MU_USDT+0.0131%8h1,046.7−0.014%$63.1M$28.3M75xas long as short
Variational Omni MU+0.0166%8h1,045.6−0.115%$2.7M$2.5Mas long as short
Aster MUUSD1long+0.0171%8h1,046.8long leg$21.6M$47.6M20x
Binance MUUSDT+0.0182%8h1,047+0.021%$125.2M$527.8M50xas long as short
Coinbase International MU-PERP-INTX+0.0184%1h1,045.1−0.159%$757K$1.3M10xas long as short
GRVT MU_USDT_Perp+0.0204%8h1,045.8−0.098%$82K$1.4M10xas long as short
Arcus MU-USD+0.0240%1h1,045.2−0.152%$70K$243K10xas long as short
Bullet MU-USD+0.0285%1h1,045.5−0.122%$25K$394K10xas long as short
BloFin MU-USDT+0.0303%8h1,045.5−0.130%$1.5M$2.0M20xas long as short
RISEx MU/USDC+0.0312%1h1,046.3−0.052%$314K$337K20xas long as short
Extended MU_24_5-USD+0.0344%1h1,044.4−0.235%$550K$1.0M10xas long as short
tradeXYZ xyz:MU+0.0432%1h1,045.5−0.125%$177.1M$105.1M10xas long as short
Phoenix MU+0.0460%1h1,046−0.077%$535K$306K15xas long as short
Bybit MUUSDT+0.0676%8h1,047+0.017%$19.3M$32.5M100xas long as short