Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.018%
Price spread now: Nado against Aster−0.083%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$270.272% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.002%$0 on $10k
Price spread, last 7 days−0.060%−$6 · spread now −0.083%, 7d avg −0.025%
Together, before fees−0.062%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board−$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.058% cheaper against Aster than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.025%). If the spread goes back, that is −$6 on $10k: about 14 days of funding at the current rate ($0 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MUUSD11,038.80get 0.0000% / 8h9m 58s$21.2M$67.0M20x
ShortNado MU-PERP1,037.90.0014get 0.0002% / 1h9m 58s$280K$804K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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

Funding earned
$2.97
Price spread: −0.083% → −0.025%
−$5.79
Slippage, 4 orders
−$12.24
Fee Aster: 4 bp × 2 orders
−$8
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$30.06
Costs to cover
0.272%
Break-even
78.0 days
Slippage from Aster: live order book, 4 min ago; Nado: live order book, 28 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 4 min ago0.91 bp7.2 bp −$77.7 bp −$77doesn't fitdoesn't fit
Sell Nado live order book, 28 min ago0.05 bp5.5 bp −$627.5 bp −$275doesn't fitdoesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0799%4h1,038.2−0.054%$1.3M$674K10xas long as short
Bitget MUUSDT−0.0153%8h1,038.8−0.001%$20.2M$39.9M50xas long as short
Aster MUUSD1long0.0000%8h1,038.8long leg$21.2M$67.0M20x
Binance MUUSDT0.0000%8h1,038.6−0.015%$122.4M$537.2M50xas long as short
Bybit MUUSDT0.0000%8h1,038.6−0.016%$18.8M$32.3M100xas long as short
OKX MU-USDT-SWAP0.0000%8h1,038.4−0.038%$29.8M$100.1M50xas long as short
RISEx MU/USDC0.0000%1h1,038.3−0.046%$313K$384K20xas long as short
Gate MU_USDT0.0000%8h1,038.3−0.041%$61.6M$28.4M75xas long as short
Variational Omni MU0.0000%8h1,037.8−0.097%$2.5M$2.6Mas long as short
GRVT MU_USDT_Perp0.0000%8h1,038.7−0.008%$71K$1.4M10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX MU-USD0.0000%1h1,038−0.074%$188K$3.5M20xas long as short
SunX MU-USDT0.0000%8h1,040.1+0.132%$11K$5.5M10xas long as short
Deribit MU_USDC-PERPETUAL0.0000%1h1,038.3−0.043%$74K$617K10xas long as short
HTX MU-USDT0.0000%8h1,038.4−0.032%$126K$481K50xas long as short
Bullet MU-USD+0.0006%1h1,038.6−0.016%$25K$388K10xas long as short
Nado MU-PERPshort+0.0014%1h1,037.9−0.083%$280K$804K10x
Aftermath Perps MUUSD+0.0019%1h1,038.2−0.054%$3K$44K10xas long as short
QFEX MU-USD+0.0021%1h1,038−0.078%$7.0M$18.7M10xas long as short
Lighter MU+0.0032%1h1,038.6−0.014%$1.0M$4.9M20xas long as short
Lighter RH MU+0.0032%1h1,038.5−0.025%$1.1M$4.5M10xas long as short
Extended MU_24_5-USD+0.0032%1h1,037.9−0.080%$545K$1.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4+1.213%$19K$5K12xas long as short
Arcus MU-USD+0.0040%1h1,037.6−0.110%$90K$244K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,038.3−0.040%$175K25xas long as short
tradeXYZ xyz:MU+0.0050%1h1,038.3−0.044%$176.4M$81.5M10xas long as short
Polymarket Perps MU-USD+0.0050%1h1,038−0.073%$168K$177K10xas long as short
SoDEX MU-USD+0.0050%1h1,038.1−0.060%$681K$15K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,038−0.069%$1.8M$2.7M10xas long as short
Paradex MU-USD-PERP+0.0050%8h1,037.8−0.091%$2K5xas long as short
Aevo MU-PERP+0.0080%1h1,038.1−0.066%$32K$1K10xas long as short
Coinbase International MU-PERP-INTX+0.0080%1h1,038.3−0.040%$726K$1.2M10xas long as short
Pacifica MU+0.0100%1h1,037.6−0.110%$144K$192K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,038.2−0.057%$5.2M$4.1M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,038.7−0.004%$70K$269K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,038.5−0.022%$826$79920xas long as short
BloFin MU-USDT+0.0120%8h1,038−0.078%$1.5M$2.1M20xas long as short
Phoenix MU+0.0232%1h1,038.9+0.014%$531K$270K15xas long as short