Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0039%/8h= +4.2% APRpaid last 24h −0.034%

Price spread now: Aster against Pacifica+0.058%48s7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as 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−$320.323% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.058%, 7d avg +0.034%

Together, before fees−0.183%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board−$18 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 Aster is 0.024% dearer against Pacifica than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.034%. Mind the row above: over the last 7 days funding on this pair cost −0.154%, so the current rate has only just turned in your favour. The two prices were read 48 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	Pacifica MU	1,045	0.0100	pay 0.0013% / 1h	54m 58s	$153K	$182K	10x
Short	Aster MUUSD1	1,045.6	0.0139	get 0.0139% / 8h	54m 58s	$21.5M	$47.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now +0.058%Rate

Funding earned: $8.12
Price spread: +0.058% → +0.034%: $2.43
Slippage, 4 orders: −$16.32
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.77
Costs to cover: 0.323%
Break-even: 25.8 days

Slippage from Pacifica: live order book, 23 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 Pacifica live order book, 23 min ago	3.55 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	0.81 bp	6.2 bp −$6	12.4 bp −$124	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	−0.0496%	4h	1,044.1	−0.084%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.2	+0.017%	$63.0M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,043.4	−0.156%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.5	+0.238%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.3	+0.027%	$124K	$443K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.1	+0.011%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.544%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0036%	1h	1,043.7	−0.131%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,044.9	−0.013%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.1	+0.007%	$166K	$197K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.7	−0.123%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0068%	8h	1,045.3	+0.022%	$30.8M	$105.0M	50x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045	−0.001%	$7.8M	$24.0M	10x	as long as short
Pacifica MUlong	+0.0100%	1h	1,045	long leg	$153K	$182K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,044.3	−0.066%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,044	−0.097%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,044.9	−0.009%	$831	$799	20x	as long as short
Bitget MUUSDT	+0.0127%	8h	1,045.3	+0.029%	$20.5M	$43.6M	50x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,045.2	+0.015%	$33K	—	10x	as long as short
Aster MUUSD1short	+0.0139%	8h	1,045.6	+0.058%	$21.5M	$47.4M	20x
Paradex MU-USD-PERP	+0.0154%	8h	1,045	−0.007%	$2K	—	5x	as long as short
Variational Omni MU	+0.0176%	8h	1,044.4	−0.056%	$2.6M	$2.6M	—	as long as short
Lighter MU	+0.0192%	1h	1,045.3	+0.025%	$996K	$4.7M	20x	as long as short
Binance MUUSDT	+0.0193%	8h	1,045.5	+0.047%	$124.8M	$533.3M	50x	as long as short
SoDEX MU-USD	+0.0212%	1h	1,045.1	+0.010%	$686K	$16K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,044.1	−0.086%	$756K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0225%	1h	1,044.6	−0.041%	$274K	$873K	10x	as long as short
GRVT MU_USDT_Perp	+0.0239%	8h	1,044.4	−0.059%	$77K	$1.4M	10x	as long as short
Bullet MU-USD	+0.0259%	1h	1,045.4	+0.036%	$25K	$395K	10x	as long as short
Bybit MUUSDT	+0.0274%	8h	1,045.6	+0.050%	$19.2M	$32.6M	100x	as long as short
tradeXYZ xyz:MU	+0.0297%	1h	1,045.2	+0.016%	$176.6M	$106.7M	10x	as long as short
BloFin MU-USDT	+0.0313%	8h	1,045.6	+0.052%	$1.4M	$2.0M	20x	as long as short
Phoenix MU	+0.0383%	1h	1,044.2	−0.079%	$534K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,044.9	−0.013%	$73K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,045.1	+0.004%	$316K	$339K	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0554%	1h	1,045.2	+0.014%	$62K	$253K	10x	as long as short
Extended MU_24_5-USD	+0.0688%	1h	1,044.2	−0.077%	$540K	$1.1M	10x	as long as short