Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0179%/8h= −19.6% APRpaid last 24h −0.012%

Price spread now: Aftermath Perps against Binance−0.016%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Aftermath Perps

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MUUSDT	1,045.8	0.0213	pay 0.0213% / 8h	38m 48s	$124.9M	$533.1M	50x
Short	Aftermath Perps MUUSD	1,045.7	0.0034	get 0.0004% / 1h	38m 48s	$3K	$45K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Binance. 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 BinancebpFee Aftermath PerpsbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$37.59
Price spread: −0.016% → 0.000%: −$1.62
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$58.21
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 5 min ago; Aftermath Perps: 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 Binance live order book, 5 min ago	0.05 bp	5.2 bp −$5	5.9 bp −$59	14.0 bp −$1,396	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

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	−0.0600%	4h	1,046	+0.019%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.8	0.000%	$63.0M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.5	−0.032%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048	+0.207%	$11K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.8	−0.008%	$124K	$444K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.9	+0.003%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.467%	$14K	$302	12x	as long as short
Aftermath Perps MUUSDshort	+0.0034%	1h	1,045.7	−0.016%	$3K	$45K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,046.2	+0.039%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.9	+0.007%	$166K	$197K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MU-USD	+0.0050%	1h	1,045.9	+0.002%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045.2	−0.062%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0080%	1h	1,046	+0.014%	$7.9M	$23.9M	10x	as long as short
OKX MU-USDT-SWAP	+0.0082%	8h	1,045.8	−0.002%	$30.8M	$105.3M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,046.1	+0.022%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.6	−0.025%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.6	−0.022%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046	+0.016%	$832	$799	20x	as long as short
Bitget MUUSDT	+0.0136%	8h	1,045.8	−0.008%	$20.5M	$43.6M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,045.9	+0.005%	$33K	—	10x	as long as short
Lighter MU	+0.0144%	1h	1,045.8	−0.003%	$1.0M	$4.8M	20x	as long as short
Paradex MU-USD-PERP	+0.0146%	8h	1,046.1	+0.030%	$2K	—	5x	as long as short
Aster MUUSD1	+0.0174%	8h	1,046.6	+0.073%	$21.6M	$47.3M	20x	as long as short
Variational Omni MU	+0.0202%	8h	1,046.1	+0.023%	$2.6M	$2.5M	—	as long as short
Bullet MU-USD	+0.0208%	1h	1,046	+0.016%	$24K	$395K	10x	as long as short
Binance MUUSDTlong	+0.0213%	8h	1,045.8	long leg	$124.9M	$533.1M	50x
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.5	−0.034%	$757K	$1.3M	10x	as long as short
Nado MU-PERP	+0.0231%	1h	1,045.4	−0.038%	$270K	$877K	10x	as long as short
GRVT MU_USDT_Perp	+0.0255%	8h	1,046.3	+0.048%	$82K	$1.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0278%	1h	1,045.9	+0.007%	$176.7M	$105.0M	10x	as long as short
Bybit MUUSDT	+0.0285%	8h	1,046.3	+0.041%	$19.2M	$32.6M	100x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0286%	1h	1,045.9	+0.008%	$62K	$261K	10x	as long as short
BloFin MU-USDT	+0.0333%	8h	1,046.1	+0.030%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0460%	1h	1,046.4	+0.055%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.8	−0.006%	$74K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.4	+0.055%	$317K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0664%	1h	1,045.2	−0.058%	$540K	$1.1M	10x	as long as short