Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.003%

Price spread now: Injective against Aster+0.139%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 0.139% dearer against Aster than usual: you sell high and buy low (spread +0.139% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MUUSD1	1,049.9	0.0149	pay 0.0149% / 8h	6h 16m	$21.6M	$51.6M	20x
Short	Injective MU/USDC PERP	1,051.4	0.0107	get 0.0013% / 1h	16m 43s	$19K	$5K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.139%Rate

Funding earned: −$8.88
Price spread: +0.139% → 0.000%: $13.88
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$3.01
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 2 min ago; 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 Aster live order book, 2 min ago	0.05 bp	4.0 bp −$4	8.0 bp −$80	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 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	−0.0876%	4h	1,049.5	−0.039%	$1.3M	$672K	10x	as long as short
Nado MU-PERP	−0.0007%	1h	1,049.8	−0.010%	$277K	$854K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.3	+0.034%	$19.2M	$32.6M	100x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.8	−0.015%	$62.0M	$27.7M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.4	−0.048%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050.1	+0.019%	$25K	$394K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.2	+0.123%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.8	−0.014%	$66K	$340K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.8	−0.013%	$129K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,049.6	−0.033%	$3K	$45K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,049.7	−0.019%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.7	−0.024%	$1.1M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.3	−0.061%	$567K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,049.7	−0.017%	$7.4M	$19.5M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.7	−0.023%	$71K	$236K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.8	+0.089%	—	$177K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049.6	−0.029%	$178.1M	$99.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.7	−0.019%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050	+0.005%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.8	−0.103%	$1.9M	$2.3M	10x	as long as short
OKX MU-USDT-SWAP	+0.0052%	8h	1,050	+0.006%	$30.8M	$100.5M	50x	as long as short
GRVT MU_USDT_Perp	+0.0056%	8h	1,049.8	−0.008%	$81K	$1.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0062%	8h	1,050.2	+0.026%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,050.1	+0.022%	$149K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.6	−0.026%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.9	−0.004%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.9	+0.004%	$835	$799	20x	as long as short
Injective MU/USDC PERPshort	+0.0107%	1h	1,051.4	+0.139%	$19K	$5K	12x
Aevo MU-PERP	+0.0128%	1h	1,049.8	−0.010%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.3	+0.036%	$757K	$1.2M	10x	as long as short
Aster MUUSD1long	+0.0149%	8h	1,049.9	long leg	$21.6M	$51.6M	20x
Variational Omni MU	+0.0181%	8h	1,049.8	−0.014%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0191%	8h	1,049.9	−0.001%	$126.5M	$523.3M	50x	as long as short
Bitget MUUSDT	+0.0232%	8h	1,049.9	+0.002%	$20.6M	$42.0M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,050.3	+0.038%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,050.2	+0.028%	$334K	$348K	20x	as long as short