Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.023%

Price spread now: SunX against Aftermath Perps+0.098%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 SunX

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. SunX is 0.098% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.098% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MUUSD	1,036	0.0017	pay 0.0002% / 1h	38m 03s	$3K	$44K	10x
Short	SunX MU-USDT	1,037.1	0	get 0.0000% / 8h	1h 38m	$11K	$5.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$3.55
Price spread: +0.098% → 0.000%: $9.84
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$10.71
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; SunX: live order book, 11 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 SunX live order book, 11 min ago	21.59 bp	32.5 bp −$33	doesn't fit	doesn't fit	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 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	−0.0203%	4h	1,035.9	−0.009%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0185%	8h	1,036	−0.001%	$20.2M	$41.4M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,036.7	+0.068%	$21.1M	$58.3M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,036.3	+0.025%	$121.4M	$537.3M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,036.4	+0.031%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.1	+0.006%	$29.8M	$99.8M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,035.8	−0.022%	$314K	$386K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,035.7	−0.033%	$61.6M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036	−0.004%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.3	+0.026%	$73K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,036.3	+0.026%	$187K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,035.9	−0.011%	$26K	$389K	10x	as long as short
SunX MU-USDTshort	0.0000%	8h	1,037.1	+0.098%	$11K	$5.6M	10x
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,035.7	−0.034%	$74K	$555K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,035.6	−0.042%	$127K	$441K	50x	as long as short
Nado MU-PERP	+0.0008%	1h	1,035.5	−0.050%	$277K	$816K	10x	as long as short
Aftermath Perps MUUSDlong	+0.0017%	1h	1,036	long leg	$3K	$44K	10x
Lighter MU	+0.0032%	1h	1,036.2	+0.013%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.1	+0.001%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,035.4	−0.060%	$540K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,035.7	−0.036%	$7.0M	$18.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.479%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036	−0.007%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,035.8	−0.020%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036.1	+0.006%	$176.0M	$88.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,035.6	−0.042%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,035.8	−0.024%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,035.8	−0.020%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,036	−0.009%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,035.4	−0.062%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,035.7	−0.032%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,035.8	−0.028%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,036.5	+0.041%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,035.8	−0.027%	$823	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.002%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.4	+0.033%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,036.2	+0.015%	$530K	$270K	15x	as long as short