Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0111%/8h= −12.2% APRpaid last 24h +0.056%

Price spread now: RISEx against Aster+0.044%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$180.176% of the position

Long on Aster Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.044%, 7d avg +0.006%

Together, before fees+0.018%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.038% dearer against Aster than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of +0.006%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MUUSD1	1,050.3	0.0111	pay 0.0111% / 8h	5h 50m	$21.5M	$52.1M	20x
Short	RISEx MU/USDC	1,050.8	0	get 0.0000% / 1h	50m 37s	$333K	$349K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$23.32
Price spread: +0.044% → +0.006%: $3.8
Slippage, 4 orders: −$3.6
Fee Aster: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$37.12
Costs to cover: 0.176%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; RISEx: live order book, 13 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, 3 min ago	0.05 bp	4.0 bp −$4	8.0 bp −$80	doesn't fit	doesn't fit
Sell RISEx live order book, 13 min ago	1.05 bp	4.0 bp −$4	4.4 bp −$44	doesn't fit	doesn't fit

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	+0.007%	$1.3M	$671K	10x	as long as short
RISEx MU/USDCshort	0.0000%	1h	1,050.8	+0.044%	$333K	$349K	20x
Gate MU_USDT	0.0000%	8h	1,050.3	−0.002%	$62.1M	$27.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	−0.027%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.2	+0.175%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.4	+0.001%	$129K	$427K	50x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,050.3	−0.002%	$3K	$45K	10x	as long as short
GRVT MU_USDT_Perp	+0.0021%	8h	1,050.7	+0.034%	$79K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0024%	8h	1,050.9	+0.050%	$19.2M	$32.4M	100x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.4	+0.009%	$7.2M	$18.5M	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	1,050.3	−0.006%	$1.2M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.5	−0.078%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.097%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.3	−0.005%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAP	+0.0043%	8h	1,050.7	+0.031%	$31.0M	$100.2M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.2	+0.079%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.3	−0.004%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.5	+0.016%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.7	−0.060%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0060%	8h	1,050.7	+0.033%	$2K	—	5x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.039%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.4	+0.001%	$149K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.5	+0.018%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.043%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.6	+0.023%	$835	$799	20x	as long as short
Aster MUUSD1long	+0.0111%	8h	1,050.3	long leg	$21.5M	$52.1M	20x
Lighter MU	+0.0112%	1h	1,050.5	+0.018%	$1.1M	$4.8M	20x	as long as short
Nado MU-PERP	+0.0115%	1h	1,049.9	−0.044%	$280K	$850K	10x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,050.2	−0.013%	$32K	$1K	10x	as long as short
tradeXYZ xyz:MU	+0.0140%	1h	1,050.3	−0.004%	$178.3M	$99.2M	10x	as long as short
Variational Omni MU	+0.0144%	8h	1,050.4	+0.009%	$2.7M	$2.3M	—	as long as short
Bullet MU-USD	+0.0164%	1h	1,050.6	+0.022%	$26K	$397K	10x	as long as short
Binance MUUSDT	+0.0166%	8h	1,050.5	+0.015%	$126.5M	$520.1M	50x	as long as short
Bitget MUUSDT	+0.0170%	8h	1,050.5	+0.016%	$20.6M	$41.2M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.7	+0.034%	$537K	$271K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0255%	1h	1,050.4	+0.002%	$66K	$354K	10x	as long as short