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

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0180%/8h= −19.7% APRnext payment $1.80 per $10,000 · paid last 24h −0.017%
Price spread now: HTX against Aster+0.046%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$320.318% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.036%−$4 on $10k
Price spread, last 3 days (all we have)−0.065%−$7 · spread now +0.046%, 7d avg −0.008%
Together, before fees−0.102%+ Points / potential airdropAster: Stage 5 · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.055% dearer against Aster than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.008%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.036% in total) that is about 11 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MUUSD11,047.80.0180pay 0.0180% / 8h7h 53m$21.6M$47.8M20x
ShortHTX MU-USDT1,048.30get 0.0000% / 8h7h 53m$130K$418K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$37.75
Price spread: +0.046% → −0.008%
$5.46
Slippage, 4 orders
−$11.84
Fee Aster: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$64.13
Costs to cover
0.318%
Break-even
never at this rate
Slippage from Aster: live order book, 6 min ago; HTX: live order book, 20 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, 6 min ago0.91 bp4.9 bp −$59.5 bp −$95doesn't fitdoesn't fit
Sell HTX live order book, 20 min ago1.72 bp9.4 bp −$99.4 bp −$9414.9 bp −$1,487doesn'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−0.0946%4h1,047−0.085%$1.3M$671K10xas long as short
Gate MU_USDT0.0000%8h1,048.6+0.076%$63.2M$28.3M75xas long as short
StandX MU-USD0.0000%1h1,047.7−0.018%$189K$3.3M20xas long as short
SunX MU-USDT0.0000%8h1,050.1+0.212%$11K$6.3M10xas long as short
HTX MU-USDTshort0.0000%8h1,048.3+0.046%$130K$418K50x
Aftermath Perps MUUSD+0.0022%1h1,046.5−0.130%$3K$44K10xas long as short
Lighter MU+0.0032%1h1,048.5+0.065%$1.1M$4.7M20xas long as short
Lighter RH MU+0.0032%1h1,048.5+0.063%$1.2M$4.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,050.7+0.274%$14K$25112xas long as short
Vest MU-USD-PERP+0.0046%1h1,048.9+0.096%$194K25xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MU-USD.P+0.0050%1h1,047.5−0.037%$2.0M$2.3M10xas long as short
QFEX MU-USD+0.0054%1h1,048.4+0.051%$7.8M$23.4M10xas long as short
Deribit MU_USDC-PERPETUAL+0.0074%1h1,048.5+0.063%$62K$292K10xas long as short
Nado MU-PERP+0.0075%1h1,048.2+0.034%$272K$860K10xas long as short
OKX MU-USDT-SWAP+0.0088%8h1,048.8+0.091%$30.9M$101.6M50xas long as short
Pacifica MU+0.0100%1h1,048.5+0.061%$153K$180K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,047.8−0.003%$5.3M$3.7M20xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,048.1+0.027%$833$79920xas long as short
Paradex MU-USD-PERP+0.0107%8h1,048.6+0.076%$2K5xas long as short
Aevo MU-PERP+0.0128%1h1,048.1+0.026%$32K$1K10xas long as short
Bitget MUUSDT+0.0160%8h1,048.5+0.063%$20.6M$41.5M50xas long as short
Variational Omni MU+0.0168%8h1,048.2+0.030%$2.7M$2.5Mas long as short
Aster MUUSD1long+0.0180%8h1,047.8long leg$21.6M$47.8M20x
Coinbase International MU-PERP-INTX+0.0184%1h1,048.4+0.057%$760K$1.3M10xas long as short
Binance MUUSDT+0.0187%8h1,048.8+0.093%$125.4M$524.8M50xas long as short
GRVT MU_USDT_Perp+0.0195%8h1,048+0.012%$82K$1.4M10xas long as short
Arcus MU-USD+0.0240%1h1,047.5−0.034%$71K$243K10xas long as short
BloFin MU-USDT+0.0307%8h1,048.6+0.071%$1.5M$2.0M20xas long as short
Bybit MUUSDT+0.0307%8h1,049+0.110%$19.2M$32.5M100xas long as short
RISEx MU/USDC+0.0312%1h1,048.4+0.052%$315K$339K20xas long as short
SoDEX MU-USD+0.0335%1h1,048.6+0.072%$688K$16K10xas long as short
Phoenix MU+0.0383%1h1,048.9+0.101%$536K$306K15xas long as short
ApeX Omni MUUSDT+0.0451%1h1,048.3+0.046%$71K$267K50xas long as short
Extended MU_24_5-USD+0.0600%1h1,048+0.016%$550K$1.0M10xas long as short
Polymarket Perps MU-USD+0.0625%1h1,048.4+0.053%$170K$202K10xas long as short
Bullet MU-USD+0.0874%1h1,048.4+0.055%$26K$394K10xas long as short
tradeXYZ xyz:MU+0.0942%1h1,048.1+0.024%$177.6M$100.4M10xas long as short