Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h +0.002%

Price spread now: Aster against Polymarket Perps+0.002%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.120%+$12 · spread now +0.002%, 7d avg +0.053%

Together, before fees+0.054%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.051% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.002% now, against its 7-day average of +0.053%). If the spread goes back, that is −$5 on $10k: about 33 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,050.3	0.0050	pay 0.0006% / 1h	25m 34s	$171K	$203K	10x
Short	Aster MUUSD1	1,050.3	0.0175	get 0.0175% / 8h	6h 25m	$21.6M	$51.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket Perps. 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now +0.002%Rate

Funding earned: $26.25
Price spread: +0.002% → +0.053%: −$5.1
Slippage, 4 orders: −$13.82
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$8.68
Costs to cover: 0.298%
Break-even: 9.3 days

Slippage from Polymarket Perps: live order book, 41 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 Polymarket Perps live order book, 41 min ago	2.86 bp	6.9 bp −$7	7.6 bp −$76	9.4 bp −$943	doesn't fit
Sell Aster live order book, 4 min ago	1.72 bp	7.2 bp −$7	177.1 bp −$1,771	doesn't fit	doesn't fit

MU on 36 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	−0.0953%	4h	1,050.1	−0.019%	$1.3M	$670K	10x	as long as short
Nado MU-PERP	−0.0004%	1h	1,050.3	−0.001%	$276K	$855K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.8	+0.050%	$19.2M	$32.7M	100x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.4	+0.010%	$62.1M	$27.7M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.8	−0.046%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050.8	+0.043%	$25K	$395K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.4	+0.106%	$11K	$6.0M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.5	+0.014%	$129K	$425K	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0007%	1h	1,050.4	+0.007%	$66K	$335K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,049.5	−0.078%	$3K	$45K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,050.6	+0.025%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.5	+0.017%	$1.1M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.7	−0.054%	$567K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,050.3	0.000%	$7.4M	$19.7M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.8	−0.045%	$71K	$236K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.4	+0.108%	—	$177K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,050.5	+0.019%	$178.3M	$99.9M	10x	as long as short
Polymarket Perps MU-USDlong	+0.0050%	1h	1,050.3	long leg	$171K	$203K	10x
SoDEX MU-USD	+0.0050%	1h	1,050.4	+0.006%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.5	−0.080%	$1.9M	$2.4M	10x	as long as short
OKX MU-USDT-SWAP	+0.0060%	8h	1,050.6	+0.032%	$30.8M	$100.7M	50x	as long as short
Paradex MU-USD-PERP	+0.0064%	8h	1,050.7	+0.034%	$2K	—	5x	as long as short
GRVT MU_USDT_Perp	+0.0082%	8h	1,050.1	−0.016%	$81K	$1.3M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.4	+0.010%	$149K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.2	−0.010%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.2	−0.105%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.3	+0.001%	$835	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.101%	$19K	$5K	12x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,049.5	−0.080%	$758K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,050.3	+0.002%	$32K	$1K	10x	as long as short
Aster MUUSD1short	+0.0175%	8h	1,050.3	+0.002%	$21.6M	$51.2M	20x
Variational Omni MU	+0.0186%	8h	1,050.5	+0.018%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0204%	8h	1,050.7	+0.036%	$126.7M	$524.2M	50x	as long as short
Bitget MUUSDT	+0.0245%	8h	1,050.3	+0.003%	$20.6M	$42.0M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,050.8	+0.048%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,050.5	+0.024%	$334K	$348K	20x	as long as short