Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0136%/8hnext payment −$0.17 per $10,000 · paid last 24h +0.020%

Price spread now: Injective against Aftermath Perps+0.388%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.388% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.388% now, against zero (this spread has no 7-day history yet)): +$39 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 9.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MUUSD	1,046.7	0.0170	pay 0.0021% / 1h	4m 35s	$3K	$44K	10x
Short	Injective MU/USDC PERP	1,050.7	0.0033	get 0.0004% / 1h	4m 35s	$14K	$302	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aftermath 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 Aftermath PerpsbpFee InjectivebpOrdersPrice spread, now +0.388%Rate

Funding earned: −$28.64
Price spread: +0.388% → 0.000%: $38.75
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1.1
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; Injective: no order-book sample. Net counts fees only.

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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Aftermath Perps and Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0407%	4h	1,047.8	+0.110%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,044.6	−0.198%	$21.5M	$27.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,044.3	−0.226%	$125.3M	$528.6M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,044.6	−0.196%	$31.0M	$102.8M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,044.4	−0.215%	$287K	$334K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,044.5	−0.210%	$63.3M	$28.3M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,046.4	−0.028%	$2.7M	$2.7M	—	as long as short
StandX MU-USD	0.0000%	1h	1,045.7	−0.095%	$189K	$3.2M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.3	+0.065%	$11K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.8	−0.083%	$125K	$441K	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MU_USDT_Perp	+0.0010%	8h	1,046.7	+0.004%	$82K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0015%	8h	1,044.3	−0.222%	$18.9M	$31.7M	100x	as long as short
Bitget MUUSDT	+0.0024%	8h	1,044.2	−0.233%	$20.2M	$42.3M	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,044.3	−0.230%	$1.1M	$4.3M	10x	as long as short
Injective MU/USDC PERPshort	+0.0033%	1h	1,050.7	+0.388%	$14K	$302	12x
Arcus MU-USD	+0.0041%	1h	1,044	−0.258%	$63K	$236K	10x	as long as short
QFEX MU-USD	+0.0045%	1h	1,044.5	−0.209%	$7.8M	$23.7M	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.1	−0.054%	—	$190K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.8	−0.082%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,045.7	−0.087%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.1	−0.244%	$1.9M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0057%	8h	1,045	−0.160%	$2K	—	5x	as long as short
Lighter MU	+0.0080%	1h	1,044.4	−0.213%	$971K	$4.8M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,045.5	−0.109%	$33K	—	10x	as long as short
Bullet MU-USD	+0.0083%	1h	1,045.9	−0.070%	$25K	$397K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,044.5	−0.206%	$153K	$181K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,044.8	−0.177%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,046.3	−0.036%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.8	−0.081%	$831	$799	20x	as long as short
tradeXYZ xyz:MU	+0.0101%	1h	1,044.6	−0.196%	$178.4M	$99.4M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,045.9	−0.070%	$759K	$1.8M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,046.2	−0.047%	$1.5M	$2.0M	20x	as long as short
Extended MU_24_5-USD	+0.0128%	1h	1,043.7	−0.280%	$526K	$1.0M	10x	as long as short
Nado MU-PERP	+0.0132%	1h	1,045.7	−0.094%	$334K	$808K	10x	as long as short
Aftermath Perps MUUSDlong	+0.0170%	1h	1,046.7	long leg	$3K	$44K	10x
Deribit MU_USDC-PERPETUAL	+0.0257%	1h	1,045.8	−0.085%	$54K	$154K	10x	as long as short
Phoenix MU	+0.0305%	1h	1,046.7	+0.004%	$535K	$219K	15x	as long as short