Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h +0.002%

Price spread now: Aster against SoDEX+0.017%7-day average +0.025% · 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−$33as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on SoDEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.033%−$3 on $10k

Price spread, last 4 days (all we have)+0.227%+$23 · spread now +0.017%, 7d avg +0.025%

Together, before fees+0.194%+ Points / potential airdropAster: Stage 5 · farm board+$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MU-USD	1,052.2	0.0050	pay 0.0006% / 1h	10m 42s	$690K	$16K	10x
Short	Aster MUUSD1	1,052.4	0.0044	get 0.0044% / 8h	5h 10m	$21.4M	$54.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$1.36
Price spread: +0.017% → +0.025%: −$0.81
Slippage, 4 orders: −$16.62
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.8
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from SoDEX: live order book, 53 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 SoDEX live order book, 53 min ago	0.05 bp	12.2 bp −$12	38.3 bp −$383	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.05 bp	4.0 bp −$4	6.9 bp −$69	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	−0.0275%	4h	1,051.8	−0.031%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.3	+0.014%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.2	+0.007%	$62.0M	$27.6M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.2	+0.005%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.9	−0.023%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,053.9	+0.168%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,051.8	−0.035%	$68K	$386K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052	−0.016%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0007%	8h	1,052.7	+0.049%	$19.2M	$32.3M	100x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,051.1	−0.099%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MU-USDT-SWAP	+0.0019%	8h	1,052.4	+0.022%	$31.1M	$99.9M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,051.8	−0.032%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.3	+0.014%	$1.3M	$4.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.077%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.6	−0.054%	$71K	$235K	10x	as long as short
Aster MUUSD1short	+0.0044%	8h	1,052.4	+0.017%	$21.4M	$54.4M	20x
Vest MU-USD-PERP	+0.0046%	1h	1,053.1	+0.087%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.8	−0.035%	$171K	$202K	10x	as long as short
SoDEX MU-USDlong	+0.0050%	1h	1,052.2	long leg	$690K	$16K	10x
Nado MU-PERP	+0.0050%	1h	1,051.8	−0.037%	$282K	$845K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.1	−0.098%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,052.3	+0.015%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0061%	1h	1,052.2	+0.003%	$178.5M	$99.1M	10x	as long as short
Lighter MU	+0.0064%	1h	1,052.3	+0.008%	$1.1M	$5.1M	20x	as long as short
Bullet MU-USD	+0.0068%	1h	1,052.1	−0.007%	$25K	$398K	10x	as long as short
Extended MU_24_5-USD	+0.0080%	1h	1,051.7	−0.048%	$564K	$1.1M	10x	as long as short
Variational Omni MU	+0.0081%	8h	1,051.9	−0.026%	$2.7M	$2.4M	—	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,051.9	−0.022%	$758K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052	−0.019%	$149K	$184K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.2	+0.002%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.8	−0.032%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.1	−0.004%	$836	$799	20x	as long as short
Binance MUUSDT	+0.0111%	8h	1,052.4	+0.017%	$126.7M	$518.2M	50x	as long as short
Aevo MU-PERP	+0.0112%	1h	1,051.7	−0.049%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0125%	8h	1,052.3	+0.012%	$20.6M	$41.1M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,051.7	−0.045%	$538K	$271K	15x	as long as short
BloFin MU-USDT	+0.0234%	8h	1,052.2	+0.002%	$1.5M	$2.0M	20x	as long as short