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

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0064%/8h= −7.0% APRnext payment $0.08 per $10,000 · paid last 24h −0.029%
Price spread now: Aftermath Perps against Coinbase International−0.277%51s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aftermath Perps is 0.277% cheaper against Coinbase International than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MU-PERP-INTX1,038.80.0080pay 0.0010% / 1h51m 20s$734K$1.2M10x
ShortAftermath Perps MUUSD1,035.90.0016get 0.0002% / 1h51m 20s$3K$44K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Coinbase International. 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
−$13.36
Price spread: −0.277% → 0.000%
−$27.73
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$60.1
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 2 min ago3.72 bp9.4 bp −$914.0 bp −$14045.6 bp −$4,556doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0721%4h1,036−0.266%$1.3M$672K10xas long as short
Bitget MUUSDT−0.0215%8h1,036.7−0.201%$20.2M$40.0M50xas long as short
Aster MUUSD10.0000%8h1,036.7−0.200%$21.1M$64.5M20xas long as short
Binance MUUSDT0.0000%8h1,036.4−0.228%$122.0M$538.2M50xas long as short
Bybit MUUSDT0.0000%8h1,036.4−0.227%$18.7M$32.2M100xas long as short
OKX MU-USDT-SWAP0.0000%8h1,036.1−0.256%$29.7M$100.0M50xas long as short
RISEx MU/USDC0.0000%1h1,036.4−0.231%$313K$385K20xas long as short
Gate MU_USDT0.0000%8h1,036.2−0.251%$61.4M$28.2M75xas long as short
Variational Omni MU0.0000%8h1,035.7−0.298%$2.5M$2.5Mas long as short
GRVT MU_USDT_Perp0.0000%8h1,035.8−0.291%$82K$1.4M10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX MU-USD0.0000%1h1,036.1−0.257%$187K$3.5M20xas long as short
SunX MU-USDT0.0000%8h1,037.7−0.105%$11K$5.6M10xas long as short
Deribit MU_USDC-PERPETUAL0.0000%1h1,035.7−0.293%$74K$592K10xas long as short
HTX MU-USDT0.0000%8h1,035.7−0.299%$127K$460K50xas long as short
Aftermath Perps MUUSDshort+0.0016%1h1,035.9−0.277%$3K$44K10x
QFEX MU-USD+0.0021%1h1,036.1−0.254%$7.0M$18.8M10xas long as short
Nado MU-PERP+0.0028%1h1,036−0.272%$277K$807K10xas long as short
Lighter RH MU+0.0032%1h1,036.3−0.243%$1.1M$4.4M10xas long as short
Extended MU_24_5-USD+0.0032%1h1,035.7−0.298%$546K$1.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4+1.211%$19K$5K12xas long as short
Bullet MU-USD+0.0037%1h1,036.4−0.233%$24K$390K10xas long as short
Arcus MU-USD+0.0040%1h1,035.6−0.307%$90K$244K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,036.1−0.260%$175K25xas long as short
tradeXYZ xyz:MU+0.0050%1h1,036−0.268%$176.2M$84.0M10xas long as short
Polymarket Perps MU-USD+0.0050%1h1,036−0.268%$168K$195K10xas long as short
SoDEX MU-USD+0.0050%1h1,035.9−0.280%$680K$15K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,034.7−0.397%$1.8M$2.7M10xas long as short
Paradex MU-USD-PERP+0.0051%8h1,036.5−0.218%$2K5xas long as short
Lighter MU+0.0056%1h1,036.7−0.198%$1.0M$4.9M20xas long as short
Aevo MU-PERP+0.0080%1h1,036−0.269%$32K$1K10xas long as short
Coinbase International MU-PERP-INTXlong+0.0080%1h1,038.8long leg$734K$1.2M10x
Pacifica MU+0.0100%1h1,036.4−0.234%$147K$188K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,036−0.272%$5.2M$3.9M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,036.6−0.210%$70K$270K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,036.2−0.246%$824$79920xas long as short
BloFin MU-USDT+0.0120%8h1,036.2−0.252%$1.5M$2.1M20xas long as short
Phoenix MU+0.0232%1h1,035.6−0.306%$530K$270K15xas long as short