Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h −0.014%

Price spread now: OKX against Aftermath Perps−0.006%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on OKX

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MUUSD	1,049.9	0.0019	pay 0.0002% / 1h	48m 44s	$3K	$44K	10x
Short	OKX MU-USDT-SWAP	1,049.8	0.0042	get 0.0042% / 8h	5h 48m	$31.0M	$100.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.006%Rate

Funding earned: $4.75
Price spread: −0.006% → 0.000%: −$0.58
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$14.83
Costs to cover: 0.190%
Break-even: 28.9 days

Slippage unknown: Aftermath Perps: no order-book sample; OKX: live order book, 5 min ago. 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 OKX live order book, 5 min ago	0.05 bp	5.7 bp −$6	6.6 bp −$66	22.3 bp −$2,225	doesn't fit

Aftermath Perps: 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 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	−0.0504%	4h	1,050.4	+0.050%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.4	+0.050%	$333K	$349K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.9	+0.004%	$62.1M	$27.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	+0.022%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.7	+0.176%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.7	−0.018%	$129K	$427K	50x	as long as short
Bybit MUUSDT	+0.0017%	8h	1,050.3	+0.035%	$19.2M	$32.4M	100x	as long as short
Aftermath Perps MUUSDlong	+0.0019%	1h	1,049.9	long leg	$3K	$44K	10x
GRVT MU_USDT_Perp	+0.0024%	8h	1,050.8	+0.085%	$79K	$1.3M	10x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.2	+0.028%	$7.2M	$18.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,049.5	−0.038%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.140%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.1	−0.072%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.2	+0.030%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAPshort	+0.0042%	8h	1,049.8	−0.006%	$31.0M	$100.0M	50x
Vest MU-USD-PERP	+0.0046%	1h	1,050.8	+0.090%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.8	−0.009%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.9	−0.001%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.4	−0.045%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0059%	8h	1,049.9	−0.004%	$2K	—	5x	as long as short
Lighter MU	+0.0088%	1h	1,049.5	−0.039%	$1.1M	$4.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	+0.005%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,049.8	−0.010%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050	+0.013%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.087%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050	+0.008%	$835	$799	20x	as long as short
Aster MUUSD1	+0.0108%	8h	1,050.2	+0.029%	$21.4M	$52.1M	20x	as long as short
Nado MU-PERP	+0.0110%	1h	1,049.7	−0.016%	$280K	$850K	10x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,049.6	−0.027%	$32K	$1K	10x	as long as short
tradeXYZ xyz:MU	+0.0121%	1h	1,049.4	−0.047%	$178.1M	$99.2M	10x	as long as short
Variational Omni MU	+0.0144%	8h	1,050.4	+0.052%	$2.7M	$2.3M	—	as long as short
Bullet MU-USD	+0.0158%	1h	1,050.1	+0.020%	$26K	$397K	10x	as long as short
Binance MUUSDT	+0.0163%	8h	1,049.8	−0.012%	$126.5M	$520.0M	50x	as long as short
Bitget MUUSDT	+0.0168%	8h	1,050	+0.010%	$20.6M	$41.2M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.2	+0.029%	$537K	$271K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0265%	1h	1,050	+0.012%	$66K	$355K	10x	as long as short