Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.030%

Price spread now: tradeXYZ against Aster−0.052%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 7 days+0.034%+$3 · spread now −0.052%, 7d avg −0.069%

Together, before fees+0.203%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.069%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MUUSD1	1,043	0	get 0.0000% / 8h	2h 48m	$21.2M	$57.2M	20x
Short	tradeXYZ xyz:MU	1,042.5	0.0050	get 0.0006% / 1h	48m 13s	$177.2M	$93.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.052%Rate

Funding earned: $10.5
Price spread: −0.052% → −0.069%: $1.67
Slippage, 4 orders: −$7.96
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$21.79
Costs to cover: 0.340%
Break-even: 21.5 days

Slippage from Aster: live order book, 6 min ago; tradeXYZ: live order book, 12 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, 6 min ago	1.05 bp	7.6 bp −$8	8.2 bp −$82	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.48 bp	9.5 bp −$10	10.8 bp −$108	16.2 bp −$1,620	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	−0.0859%	4h	1,043	−0.002%	$1.3M	$672K	10x	as long as short
Aster MUUSD1long	0.0000%	8h	1,043	long leg	$21.2M	$57.2M	20x
Binance MUUSDT	0.0000%	8h	1,042.6	−0.046%	$122.9M	$525.5M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,042.8	−0.027%	$18.6M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,042.4	−0.061%	$30.4M	$99.9M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,043.3	+0.029%	$337K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,042.7	−0.031%	$61.9M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,043.1	0.000%	$20.4M	$41.1M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,043.4	+0.035%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,043.6	+0.054%	$83K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,043.6	+0.057%	$189K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,044.3	+0.122%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,042.4	−0.067%	$73K	$502K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042.8	−0.027%	$128K	$440K	50x	as long as short
Nado MU-PERP	+0.0005%	1h	1,043	−0.009%	$281K	$820K	10x	as long as short
Bullet MU-USD	+0.0013%	1h	1,042.9	−0.017%	$26K	$392K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,042.8	−0.022%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,043	−0.004%	$7.0M	$18.0M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.6	−0.047%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,042.3	−0.069%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.797%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,042.8	−0.021%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,043.3	+0.019%	—	$176K	25x	as long as short
tradeXYZ xyz:MUshort	+0.0050%	1h	1,042.5	−0.052%	$177.2M	$93.5M	10x
Polymarket Perps MU-USD	+0.0050%	1h	1,042.6	−0.043%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,042.6	−0.041%	$684K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.1	+0.009%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,043.1	+0.010%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,042.3	−0.072%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,042.9	−0.018%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,042.8	−0.027%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.3	+0.021%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,042.6	−0.041%	$829	$799	20x	as long as short
Lighter MU	+0.0120%	1h	1,042.7	−0.031%	$1.1M	$4.9M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,043.1	+0.004%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,043.3	+0.026%	$745K	$1.2M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,043	−0.005%	$534K	$270K	15x	as long as short