Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0099%/8h= −10.9% APRpaid last 24h −0.021%

Price spread now: Aster against tradeXYZ+0.008%7-day average +0.070% · 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−$38as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.165%−$17 on $10k

Price spread, last 7 days+0.032%+$3 · spread now +0.008%, 7d avg +0.070%

Together, before fees−0.133%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.062% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.070%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MU	1,028.7	0.0099	pay 0.0012% / 1h	21m 22s	$173.9M	$78.9M	10x
Short	Aster MUUSD1	1,028.8	0	get 0.0000% / 8h	7h 21m	$21.0M	$69.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$20.85
Price spread: +0.008% → +0.070%: −$6.17
Slippage, 4 orders: −$5.68
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$58.69
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago	0.49 bp	9.5 bp −$9	10.3 bp −$103	14.5 bp −$1,451	doesn't fit
Sell Aster live order book, 3 min ago	0.93 bp	5.6 bp −$6	14.3 bp −$143	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	−0.0959%	4h	1,026.4	−0.226%	$1.3M	$695K	10x	as long as short
Aster MUUSD1short	0.0000%	8h	1,028.8	+0.008%	$21.0M	$69.2M	20x
Binance MUUSDT	0.0000%	8h	1,028.9	+0.015%	$121.7M	$548.7M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,029	+0.029%	$18.6M	$32.4M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,029.2	+0.045%	$29.1M	$103.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,028	−0.071%	$293K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,028.4	−0.029%	$61.7M	$28.3M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,028.8	+0.006%	$19.8M	$41.1M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,024.7	−0.386%	$2.5M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,028.1	−0.062%	$186K	$3.6M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MU-USDT	0.0000%	8h	1,029.1	+0.034%	$11K	$5.3M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,027.9	−0.081%	$118K	$494K	50x	as long as short
QFEX MU-USD	+0.0027%	1h	1,028.4	−0.027%	$6.9M	$18.9M	10x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,026.4	−0.227%	$3K	$43K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,028.2	−0.046%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,027.6	−0.110%	$544K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.203%	$19K	$5K	12x	as long as short
GRVT MU_USDT_Perp	+0.0040%	8h	1,026.9	−0.174%	$81K	$1.4M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,028.1	−0.059%	$89K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,028.2	−0.048%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,028.3	−0.039%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,028	−0.073%	$675K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,027.5	−0.114%	$1.9M	$3.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0066%	8h	1,028.5	−0.023%	$2K	—	5x	as long as short
Lighter MU	+0.0080%	1h	1,028.5	−0.023%	$994K	$5.0M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,028.7	0.000%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,024.5	−0.408%	$716K	$1.1M	10x	as long as short
tradeXYZ xyz:MUlong	+0.0099%	1h	1,028.7	long leg	$173.9M	$78.9M	10x
Pacifica MU	+0.0100%	1h	1,028	−0.067%	$146K	$194K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,027.5	−0.116%	$5.1M	$4.7M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,026.4	−0.226%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,028.4	−0.033%	$818	$799	20x	as long as short
Nado MU-PERP	+0.0100%	1h	1,027.7	−0.097%	$264K	$815K	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,027.2	−0.150%	$1.5M	$2.3M	20x	as long as short
Bullet MU-USD	+0.0143%	1h	1,029.1	+0.039%	$25K	$388K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0217%	1h	1,028	−0.067%	$72K	$630K	10x	as long as short
Phoenix MU	+0.0231%	1h	1,028.4	−0.029%	$526K	$270K	15x	as long as short