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

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0558%/8h= +61.1% APRpaid last 24h +0.051%
Price spread now: Extended against Aster−0.183%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$180.175% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.156%+$16 on $10k
Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.183%, 7d avg −0.045%
Together, before fees+0.267%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.138% cheaper against Aster than usual: you would sell low and buy high (spread −0.183% now, against its 7-day average of −0.045%). If the spread goes back, that is −$14 on $10k: about 20 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.156% in total) that is about 6.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.156% in total (about 8.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MUUSD11,0460.0154pay 0.0154% / 8h50m 39s$21.5M$47.3M20x
ShortExtended MU_24_5-USD1,044.10.0712get 0.0089% / 1h50m 39s$540K$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$117.13
Price spread: −0.183% → −0.045%
−$13.77
Slippage, 4 orders
−$4.53
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$85.83
Costs to cover
0.175%
Break-even
1.9 days
Slippage from Aster: live order book, 3 min ago; Extended: live order book, 3 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, 3 min ago0.81 bp5.7 bp −$67.7 bp −$77doesn't fitdoesn't fit
Sell Extended live order book, 3 min ago0.05 bp2.6 bp −$38.3 bp −$83doesn'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−0.0511%4h1,045.1−0.093%$1.3M$672K10xas long as short
Gate MU_USDT0.0000%8h1,045.4−0.060%$63.0M$28.9M75xas long as short
StandX MU-USD0.0000%1h1,044.7−0.126%$189K$3.3M20xas long as short
SunX MU-USDT0.0000%8h1,047.7+0.155%$11K$6.6M10xas long as short
HTX MU-USDT0.0000%8h1,045.3−0.072%$124K$443K50xas long as short
Lighter RH MU+0.0032%1h1,045.2−0.078%$1.2M$4.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,050.7+0.446%$14K$30212xas long as short
Aftermath Perps MUUSD+0.0036%1h1,044.6−0.134%$3K$45K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,045.1−0.089%$194K25xas long as short
Polymarket Perps MU-USD+0.0050%1h1,045.2−0.080%$166K$197K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MU-USD.P+0.0050%1h1,044.5−0.151%$2.0M$2.7M10xas long as short
OKX MU-USDT-SWAP+0.0075%8h1,045.5−0.053%$30.8M$105.1M50xas long as short
QFEX MU-USD+0.0080%1h1,045.4−0.059%$7.9M$24.0M10xas long as short
Pacifica MU+0.0100%1h1,045.6−0.046%$153K$182K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,044.6−0.138%$5.2M$3.9M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,045.1−0.093%$71K$266K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,045.6−0.046%$831$79920xas long as short
Aevo MU-PERP+0.0128%1h1,045.2−0.079%$33K10xas long as short
Bitget MUUSDT+0.0132%8h1,045.4−0.061%$20.5M$43.6M50xas long as short
SoDEX MU-USD+0.0149%1h1,045.3−0.071%$686K$16K10xas long as short
Aster MUUSD1long+0.0154%8h1,046long leg$21.5M$47.3M20x
Paradex MU-USD-PERP+0.0156%8h1,045.3−0.069%$2K5xas long as short
Variational Omni MU+0.0176%8h1,044.4−0.153%$2.6M$2.6Mas long as short
Binance MUUSDT+0.0205%8h1,045.6−0.044%$124.9M$533.1M50xas long as short
Lighter MU+0.0208%1h1,045.3−0.072%$996K$4.7M20xas long as short
Coinbase International MU-PERP-INTX+0.0224%1h1,045.6−0.047%$757K$1.4M10xas long as short
GRVT MU_USDT_Perp+0.0245%8h1,045.3−0.066%$77K$1.4M10xas long as short
Nado MU-PERP+0.0247%1h1,044.5−0.152%$270K$874K10xas long as short
Bullet MU-USD+0.0254%1h1,045.4−0.057%$25K$395K10xas long as short
Bybit MUUSDT+0.0281%8h1,045.7−0.033%$19.2M$32.6M100xas long as short
tradeXYZ xyz:MU+0.0310%1h1,045.3−0.071%$176.7M$105.6M10xas long as short
BloFin MU-USDT+0.0323%8h1,045.6−0.046%$1.4M$2.0M20xas long as short
Phoenix MU+0.0460%1h1,045.4−0.061%$535K$306K15xas long as short
Arcus MU-USD+0.0462%1h1,045.1−0.094%$73K$240K10xas long as short
RISEx MU/USDC+0.0525%1h1,045.9−0.011%$316K$339K20xas long as short
Deribit MU_USDC-PERPETUAL+0.0679%1h1,045.3−0.070%$62K$253K10xas long as short
Extended MU_24_5-USDshort+0.0712%1h1,044.1−0.183%$540K$1.1M10x