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−0.0110%/8h= −12.0% APRpaid last 24h +0.026%
Price spread now: Ondo Perps against Aster−0.161%7-day average −0.087% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.056%+$6 on $10k
Price spread, last 7 days−0.091%−$9 · spread now −0.161%, 7d avg −0.087%
Together, before fees−0.035%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board−$3 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 Ondo Perps is 0.073% cheaper against Aster than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.087%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.056%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MUUSD11,046.30.0160pay 0.0160% / 8h47m 24s$21.6M$47.3M20x
ShortOndo Perps MU-USD.P1,044.60.0050get 0.0006% / 1h47m 24s$2.0M$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
−$23.08
Price spread: −0.161% → −0.087%
−$7.35
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$43.43
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 2 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 2 min ago0.05 bp5.0 bp −$57.4 bp −$74doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0477%4h1,045.5−0.081%$1.3M$673K10xas long as short
Gate MU_USDT0.0000%8h1,045.8−0.053%$63.0M$28.9M75xas long as short
StandX MU-USD0.0000%1h1,044.9−0.135%$189K$3.3M20xas long as short
SunX MU-USDT0.0000%8h1,048+0.159%$11K$6.6M10xas long as short
HTX MU-USDT0.0000%8h1,045.6−0.066%$124K$446K50xas long as short
Lighter RH MU+0.0032%1h1,045.8−0.050%$1.2M$4.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,050.7+0.421%$14K$30212xas long as short
Aftermath Perps MUUSD+0.0036%1h1,044.7−0.153%$3K$45K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,045.8−0.047%$194K25xas long as short
Polymarket Perps MU-USD+0.0050%1h1,045.6−0.068%$166K$197K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MU-USD.Pshort+0.0050%1h1,044.6−0.161%$2.0M$2.7M10x
OKX MU-USDT-SWAP+0.0079%8h1,045.8−0.053%$30.8M$105.1M50xas long as short
QFEX MU-USD+0.0080%1h1,045.9−0.043%$7.9M$23.9M10xas long as short
Pacifica MU+0.0100%1h1,046−0.032%$153K$182K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,045.1−0.113%$5.2M$3.9M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,045.9−0.041%$71K$266K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,045.9−0.044%$831$79920xas long as short
Bitget MUUSDT+0.0135%8h1,045.8−0.045%$20.5M$43.6M50xas long as short
SoDEX MU-USD+0.0135%1h1,045.7−0.060%$686K$16K10xas long as short
Aevo MU-PERP+0.0136%1h1,045.6−0.066%$33K10xas long as short
Paradex MU-USD-PERP+0.0158%8h1,045.9−0.040%$2K5xas long as short
Aster MUUSD1long+0.0160%8h1,046.3long leg$21.6M$47.3M20x
Variational Omni MU+0.0189%8h1,045.5−0.078%$2.6M$2.5Mas long as short
Lighter MU+0.0208%1h1,045.8−0.049%$1.0M$4.8M20xas long as short
Binance MUUSDT+0.0209%8h1,046−0.032%$124.9M$533.0M50xas long as short
Coinbase International MU-PERP-INTX+0.0224%1h1,045.6−0.073%$757K$1.4M10xas long as short
GRVT MU_USDT_Perp+0.0253%8h1,045.7−0.054%$77K$1.4M10xas long as short
Nado MU-PERP+0.0265%1h1,045.3−0.093%$270K$875K10xas long as short
Bullet MU-USD+0.0265%1h1,046−0.030%$24K$396K10xas long as short
Bybit MUUSDT+0.0284%8h1,046.2−0.014%$19.2M$32.6M100xas long as short
tradeXYZ xyz:MU+0.0314%1h1,045.9−0.039%$176.8M$105.6M10xas long as short
BloFin MU-USDT+0.0326%8h1,045.7−0.063%$1.4M$2.0M20xas long as short
Phoenix MU+0.0460%1h1,045.9−0.039%$535K$306K15xas long as short
Arcus MU-USD+0.0462%1h1,045.5−0.082%$74K$240K10xas long as short
RISEx MU/USDC+0.0525%1h1,046.2−0.007%$317K$339K20xas long as short
Deribit MU_USDC-PERPETUAL+0.0573%1h1,045.8−0.054%$62K$256K10xas long as short
Extended MU_24_5-USD+0.0728%1h1,045−0.126%$540K$1.1M10xas long as short