Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.028%

Price spread now: Extended against Aster−0.071%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$200.200% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 7 days+0.057%+$6 · spread now −0.071%, 7d avg −0.056%

Together, before fees+0.206%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.056%, 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	Aster MUUSD1	1,038.5	0	get 0.0000% / 8h	5m 21s	$21.2M	$67.6M	20x
Short	Extended MU_24_5-USD	1,037.7	0.0032	get 0.0004% / 1h	5m 21s	$546K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Aster. 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 AsterbpFee ExtendedbpOrdersPrice spread, now −0.071%Rate

Funding earned: $6.72
Price spread: −0.071% → −0.056%: −$1.52
Slippage, 4 orders: −$7.04
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$14.84
Costs to cover: 0.200%
Break-even: 22.5 days

Slippage from Aster: live order book, 4 min ago; Extended: 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 Aster live order book, 4 min ago	1.35 bp	6.6 bp −$7	6.7 bp −$67	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.05 bp	3.7 bp −$4	11.4 bp −$114	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	−0.0555%	4h	1,038.3	−0.017%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0137%	8h	1,038.6	+0.011%	$20.2M	$39.9M	50x	as long as short
Aster MUUSD1long	0.0000%	8h	1,038.5	long leg	$21.2M	$67.6M	20x
Binance MUUSDT	0.0000%	8h	1,038.3	−0.017%	$122.5M	$536.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.5	+0.003%	$18.8M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038	−0.041%	$29.8M	$100.0M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.5	+0.002%	$312K	$385K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.1	−0.031%	$61.6M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,038.3	−0.016%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.4	−0.001%	$80K	$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	1,038.4	−0.005%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.7	+0.121%	$11K	$5.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.1	−0.037%	$74K	$621K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.3	−0.018%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0007%	1h	1,038.5	+0.004%	$25K	$388K	10x	as long as short
Nado MU-PERP	+0.0018%	1h	1,038.1	−0.033%	$280K	$804K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,038.4	−0.009%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038.3	−0.019%	$7.0M	$18.7M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.2	−0.022%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USDshort	+0.0032%	1h	1,037.7	−0.071%	$546K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.243%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,038.3	−0.013%	$1.0M	$4.9M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.8	−0.063%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.4	−0.004%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.2	−0.025%	$176.4M	$80.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.2	−0.025%	$168K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.1	−0.039%	$681K	$15K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,038.4	−0.010%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.6	−0.084%	$1.9M	$2.7M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.9	−0.056%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.3	−0.011%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038	−0.046%	$144K	$191K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.2	−0.030%	$5.2M	$4.2M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	+0.002%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.3	−0.018%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.3	−0.015%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.7	+0.023%	$531K	$270K	15x	as long as short