Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%

Price spread now: Aster against StandX+0.093%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on StandX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 7 days−0.108%−$11 · spread now +0.093%, 7d avg −0.004%

Together, before fees−0.043%+ Points / potential airdropStandX: Active · Aster: Stage 5 · farm board−$4 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 0.096% dearer against StandX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX MU-USD	1,049.5	0	get 0.0000% / 1h	54m 05s	$190K	$3.4M	20x
Short	Aster MUUSD1	1,050.5	0	get 0.0000% / 8h	3h 54m	$21.4M	$55.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against StandX. 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 StandXbpFee AsterbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → −0.004%: $9.64
Slippage, 4 orders: −$11.96
Fee StandX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$18.32
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from StandX: live order book, 5 min ago; Aster: live order book, 5 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 StandX live order book, 5 min ago	2.66 bp	8.0 bp −$8	14.0 bp −$140	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	0.05 bp	4.0 bp −$4	8.0 bp −$80	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	−0.0879%	4h	1,050.2	+0.059%	$1.3M	$671K	10x	as long as short
Aster MUUSD1short	0.0000%	8h	1,050.5	+0.093%	$21.4M	$55.0M	20x
OKX MU-USDT-SWAP	0.0000%	8h	1,050.1	+0.050%	$31.2M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.4	+0.082%	$339K	$351K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050	+0.040%	$62.6M	$27.6M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,050.4	+0.079%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,049.7	+0.019%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.4	+0.088%	$81K	$1.4M	10x	as long as short
StandX MU-USDlong	0.0000%	1h	1,049.5	long leg	$190K	$3.4M	20x
SunX MU-USDT	0.0000%	8h	1,050.6	+0.100%	$11K	$5.8M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.7	+0.020%	$73K	$458K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.9	+0.030%	$131K	$430K	50x	as long as short
Bybit MUUSDT	+0.0007%	8h	1,050.2	+0.064%	$19.0M	$31.9M	100x	as long as short
Binance MUUSDT	+0.0013%	8h	1,050.1	+0.050%	$126.0M	$517.0M	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,049.8	+0.030%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,050	+0.046%	$7.1M	$17.8M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.9	+0.031%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.2	−0.032%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.174%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,049.9	+0.030%	$1.1M	$5.0M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.8	+0.030%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.9	+0.131%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049.6	+0.007%	$178.1M	$97.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.8	+0.026%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.8	+0.027%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.8	−0.072%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,050.5	+0.095%	$2K	—	5x	as long as short
BloFin MU-USDT	+0.0059%	8h	1,049.9	+0.036%	$1.5M	$2.0M	20x	as long as short
Nado MU-PERP	+0.0073%	1h	1,049.7	+0.018%	$282K	$835K	10x	as long as short
Aevo MU-PERP	+0.0088%	1h	1,049.5	−0.002%	$32K	$1K	10x	as long as short
Bullet MU-USD	+0.0091%	1h	1,050.2	+0.064%	$26K	$395K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,049.9	+0.035%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.8	+0.022%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.3	+0.070%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050	+0.046%	$835	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.048%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0304%	1h	1,050.6	+0.102%	$537K	$271K	15x	as long as short