Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.028%

Price spread now: Aster against Deribit+0.017%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.120%+$12 · spread now +0.017%, 7d avg +0.029%

Together, before fees+0.081%+ Points / potential airdropAster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MU_USDC-PERPETUAL	1,051.9	0	get 0.0000% / 1h	46m 15s	$69K	$410K	10x
Short	Aster MUUSD1	1,052	0.0012	get 0.0012% / 8h	4h 46m	$21.4M	$55.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.017%Rate

Funding earned: $2.5
Price spread: +0.017% → +0.029%: −$1.29
Slippage, 4 orders: −$25.61
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.4
Costs to cover: 0.406%
Break-even: 117.3 days

Slippage from Deribit: live order book, 12 min ago; Aster: live order book, 3 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 Deribit live order book, 12 min ago	1.90 bp	15.3 bp −$15	17.8 bp −$178	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.52 bp	4.5 bp −$5	6.6 bp −$66	doesn't fit	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	−0.033%	$1.3M	$672K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052	+0.012%	$31.2M	$99.9M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.2	+0.031%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.9	+0.006%	$62.3M	$27.4M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,051.9	+0.007%	$78K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.7	−0.019%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,053.8	+0.179%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUALlong	0.0000%	1h	1,051.9	long leg	$69K	$410K	10x
HTX MU-USDT	0.0000%	8h	1,051.8	−0.004%	$130K	$432K	50x	as long as short
Aster MUUSD1short	+0.0012%	8h	1,052	+0.017%	$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	1,052.3	+0.040%	$19.1M	$32.3M	100x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,051.7	−0.012%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,052	+0.013%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.1	+0.017%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.6	−0.022%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.048%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,051.8	−0.009%	$7.2M	$18.0M	10x	as long as short
Bullet MU-USD	+0.0035%	1h	1,052	+0.012%	$25K	$398K	10x	as long as short
Nado MU-PERP	+0.0040%	1h	1,051.7	−0.018%	$282K	$843K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.6	−0.025%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.1	+0.117%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.8	−0.007%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052	+0.008%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.6	−0.117%	$1.9M	$2.2M	10x	as long as short
Variational Omni MU	+0.0052%	8h	1,051.8	−0.010%	$2.7M	$2.4M	—	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,052.1	+0.024%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0072%	1h	1,051.7	−0.016%	$178.8M	$99.1M	10x	as long as short
Binance MUUSDT	+0.0080%	8h	1,052	+0.014%	$126.8M	$517.2M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,051.9	+0.007%	$758K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.9	+0.002%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.9	+0.002%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.7	−0.013%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052	+0.012%	$836	$799	20x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,051.5	−0.037%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0129%	8h	1,052	+0.009%	$20.6M	$41.1M	50x	as long as short
BloFin MU-USDT	+0.0200%	8h	1,052	+0.014%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.1	+0.022%	$538K	$271K	15x	as long as short