Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.014%

Price spread now: Aftermath Perps against OKX−0.151%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aftermath Perps is 0.151% cheaper against OKX than usual: you would sell low and buy high (spread −0.151% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 26 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MU-USDT-SWAP	1,043.4	0	get 0.0000% / 8h	2h 51m	$30.5M	$100.0M	50x
Short	Aftermath Perps MUUSD	1,041.8	0.0019	get 0.0002% / 1h	51m 45s	$3K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against OKX. 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 OKXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.151%Rate

Funding earned: $4.05
Price spread: −0.151% → 0.000%: −$15.11
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$30.06
Costs to cover: 0.190%
Break-even: 59.0 days

Slippage unknown: OKX: live order book, 2 min ago; Aftermath 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 2 min ago	0.05 bp	5.7 bp −$6	7.3 bp −$73	21.0 bp −$2,097	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MUUSDC	−0.0030%	4h	1,042.3	−0.110%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,044.3	+0.087%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,043.9	+0.047%	$123.1M	$526.3M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,043.9	+0.044%	$18.6M	$32.0M	100x	as long as short
OKX MU-USDT-SWAPlong	0.0000%	8h	1,043.4	long leg	$30.5M	$100.0M	50x
RISEx MU/USDC	0.0000%	1h	1,043.6	+0.022%	$337K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.4	+0.001%	$61.9M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,043.8	+0.036%	$20.5M	$41.2M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,042.8	−0.055%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,042.1	−0.122%	$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	1,043.1	−0.035%	$189K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,045.4	+0.194%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,044.1	+0.065%	$73K	$501K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.9	+0.042%	$128K	$439K	50x	as long as short
Aftermath Perps MUUSDshort	+0.0019%	1h	1,041.8	−0.151%	$3K	$44K	10x
Nado MU-PERP	+0.0023%	1h	1,043.7	+0.029%	$281K	$821K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,043.8	+0.037%	$7.0M	$18.0M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.9	+0.043%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,042.9	−0.050%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.762%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,042.7	−0.068%	$70K	$232K	10x	as long as short
Bullet MU-USD	+0.0042%	1h	1,044	+0.061%	$26K	$392K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,044.2	+0.074%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,043.6	+0.018%	$177.4M	$93.5M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,043.6	+0.018%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,043.7	+0.031%	$685K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043	−0.044%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,043.8	+0.036%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,043.7	+0.024%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,043.6	+0.020%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.6	+0.022%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,041.9	−0.144%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,044	+0.059%	$830	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,043.3	−0.009%	$1.5M	$2.0M	20x	as long as short
Lighter MU	+0.0144%	1h	1,043.8	+0.037%	$1.1M	$4.9M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,043.3	−0.009%	$745K	$1.2M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,043	−0.039%	$534K	$270K	15x	as long as short