Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: Aster against HTX+0.066%53s7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.289% of the position

Long on HTX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 3 days (all we have)−0.002%$0 · spread now +0.066%, 7d avg +0.007%

Together, before fees+0.024%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.058% dearer against HTX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MU-USDT	1,043.5	0	get 0.0000% / 8h	2h 30m	$125K	$443K	50x
Short	Aster MUUSD1	1,044.2	0	get 0.0000% / 8h	2h 30m	$21.5M	$42.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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 HTXbpFee AsterbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → +0.007%: $5.83
Slippage, 4 orders: −$8.88
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$23.05
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from HTX: live order book, 58 min ago; Aster: live order book, 4 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 HTX live order book, 58 min ago	3.50 bp	10.5 bp −$11	14.4 bp −$144	21.0 bp −$2,098	doesn't fit
Sell Aster live order book, 4 min ago	0.05 bp	4.0 bp −$4	6.3 bp −$63	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	−0.0823%	4h	1,043.5	−0.005%	$1.3M	$673K	10x	as long as short
Aster MUUSD1short	0.0000%	8h	1,044.2	+0.066%	$21.5M	$42.6M	20x
OKX MU-USDT-SWAP	0.0000%	8h	1,044	+0.042%	$30.8M	$104.2M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.7	+0.021%	$63.0M	$28.8M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,042.6	−0.085%	$188K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,045.6	+0.201%	$11K	$6.7M	10x	as long as short
HTX MU-USDTlong	0.0000%	8h	1,043.5	long leg	$125K	$443K	50x
Aftermath Perps MUUSD	+0.0022%	1h	1,043.1	−0.045%	$3K	$44K	10x	as long as short
Variational Omni MU	+0.0023%	8h	1,044	+0.044%	$2.7M	$2.7M	—	as long as short
Lighter RH MU	+0.0032%	1h	1,043.5	−0.006%	$1.2M	$4.3M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.689%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,043.5	−0.005%	—	$193K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,043.5	−0.002%	$165K	$176K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,043.7	+0.021%	$685K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042.6	−0.093%	$2.0M	$2.6M	10x	as long as short
Bitget MUUSDT	+0.0057%	8h	1,043.9	+0.039%	$20.4M	$42.9M	50x	as long as short
QFEX MU-USD	+0.0057%	1h	1,043.8	+0.026%	$7.8M	$24.1M	10x	as long as short
Binance MUUSDT	+0.0066%	8h	1,044.1	+0.054%	$124.8M	$539.9M	50x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,043.6	+0.005%	$33K	—	10x	as long as short
Pacifica MU	+0.0100%	1h	1,043.5	−0.001%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.4	−0.009%	$5.2M	$4.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.7	+0.016%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.8	+0.029%	$830	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0101%	8h	1,043.8	+0.023%	$2K	—	5x	as long as short
GRVT MU_USDT_Perp	+0.0113%	8h	1,043.9	+0.034%	$82K	$1.4M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,043.3	−0.026%	$756K	$1.8M	10x	as long as short
Bybit MUUSDT	+0.0154%	8h	1,044.2	+0.064%	$19.0M	$32.4M	100x	as long as short
tradeXYZ xyz:MU	+0.0155%	1h	1,043.9	+0.036%	$176.5M	$105.0M	10x	as long as short
BloFin MU-USDT	+0.0185%	8h	1,043.9	+0.040%	$1.5M	$2.1M	20x	as long as short
Nado MU-PERP	+0.0187%	1h	1,042.9	−0.060%	$307K	$844K	10x	as long as short
RISEx MU/USDC	+0.0202%	1h	1,044	+0.043%	$288K	$331K	20x	as long as short
Lighter MU	+0.0216%	1h	1,043.7	+0.016%	$1.0M	$4.8M	20x	as long as short
Bullet MU-USD	+0.0225%	1h	1,044	+0.050%	$25K	$398K	10x	as long as short
Arcus MU-USD	+0.0226%	1h	1,043.5	−0.002%	$63K	$236K	10x	as long as short
Phoenix MU	+0.0230%	1h	1,044	+0.046%	$534K	$303K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0373%	1h	1,043.6	+0.011%	$57K	$210K	10x	as long as short
Extended MU_24_5-USD	+0.0568%	1h	1,042.6	−0.087%	$533K	$1.0M	10x	as long as short