Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h −0.002%

Price spread now: Polymarket Perps against Aster−0.027%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.075%−$8 · spread now −0.027%, 7d avg −0.052%

Together, before fees−0.010%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.025% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MUUSD1	1,052.1	0.0012	pay 0.0012% / 8h	4h 45m	$21.4M	$55.0M	20x
Short	Polymarket Perps MU-USD	1,051.8	0.0050	get 0.0006% / 1h	45m 54s	$171K	$202K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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

Position, each leg$Hold fordaysFee AsterbpFee Polymarket PerpsbpOrdersPrice spread, now −0.027%Rate

Funding earned: $8
Price spread: −0.027% → −0.052%: $2.47
Slippage, 4 orders: −$8.39
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$13.92
Costs to cover: 0.244%
Break-even: 19.2 days

Slippage from Aster: live order book, 3 min ago; Polymarket Perps: live order book, 11 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, 3 min ago	0.52 bp	6.9 bp −$7	9.0 bp −$90	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 11 min ago	2.38 bp	6.6 bp −$7	7.5 bp −$75	9.1 bp −$905	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	−0.054%	$1.3M	$672K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.1	−0.004%	$31.2M	$99.9M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.2	+0.010%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.9	−0.020%	$62.3M	$27.4M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,051.9	−0.014%	$78K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.7	−0.040%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,053.8	+0.158%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,051.9	−0.021%	$69K	$410K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.9	−0.018%	$130K	$432K	50x	as long as short
Aster MUUSD1long	+0.0012%	8h	1,052.1	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
Bybit MUUSDT	+0.0016%	8h	1,052.4	+0.027%	$19.2M	$32.3M	100x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,051.7	−0.032%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,052.1	−0.003%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,052	−0.006%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.2	−0.080%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.069%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,051.8	−0.029%	$7.2M	$18.0M	10x	as long as short
Bullet MU-USD	+0.0035%	1h	1,052	−0.008%	$25K	$398K	10x	as long as short
Nado MU-PERP	+0.0040%	1h	1,051.7	−0.039%	$282K	$843K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.6	−0.045%	$71K	$234K	10x	as long as short
Variational Omni MU	+0.0042%	8h	1,051.8	−0.024%	$2.7M	$2.4M	—	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.1	+0.096%	—	$175K	25x	as long as short
Polymarket Perps MU-USDshort	+0.0050%	1h	1,051.8	−0.027%	$171K	$202K	10x
SoDEX MU-USD	+0.0050%	1h	1,052	−0.013%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.6	−0.138%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,052.1	+0.003%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0070%	1h	1,051.7	−0.037%	$178.8M	$99.1M	10x	as long as short
Binance MUUSDT	+0.0080%	8h	1,052	−0.012%	$126.8M	$517.2M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,051.9	−0.014%	$758K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.9	−0.019%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.8	−0.024%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.7	−0.034%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052	−0.008%	$836	$799	20x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,051.5	−0.058%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0129%	8h	1,052	−0.012%	$20.6M	$41.1M	50x	as long as short
BloFin MU-USDT	+0.0200%	8h	1,052	−0.006%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.1	+0.001%	$538K	$271K	15x	as long as short