Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h +0.002%

Price spread now: Aster against Polymarket Perps+0.032%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$230.228% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now +0.032%, 7d avg +0.052%

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

Funding pays, the price is against you. Aster is 0.021% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.052%). If the spread goes back, that is −$2 on $10k: about 4.3 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,050	0.0050	pay 0.0006% / 1h	26m 35s	$170K	$202K	10x
Short	Aster MUUSD1	1,050.3	0.0066	get 0.0066% / 8h	5h 26m	$21.4M	$52.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket Perps. 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now +0.032%Rate

Funding earned: $3.3
Price spread: +0.032% → +0.052%: −$2.05
Slippage, 4 orders: −$6.83
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.58
Costs to cover: 0.228%
Break-even: 52.7 days

Slippage from Polymarket Perps: live order book, 35 min ago; Aster: live order book, 3 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 Polymarket Perps live order book, 35 min ago	2.86 bp	6.9 bp −$7	8.2 bp −$82	9.6 bp −$956	doesn't fit
Sell Aster live order book, 3 min ago	0.05 bp	4.1 bp −$4	7.5 bp −$75	doesn't fit	doesn't fit

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	−0.0521%	4h	1,050.6	+0.054%	$1.3M	$670K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.4	+0.037%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.5	+0.046%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050	+0.004%	$62.0M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.6	+0.060%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,049.8	−0.015%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.9	+0.176%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.9	−0.013%	$67K	$374K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050	−0.004%	$129K	$429K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050.1	+0.006%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MU-USDT-SWAP	+0.0022%	8h	1,050.4	+0.037%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050	+0.003%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.1	+0.008%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.130%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.6	−0.042%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.1	+0.005%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.1	+0.103%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,050.3	+0.026%	$1.1M	$4.9M	20x	as long as short
Polymarket Perps MU-USDlong	+0.0050%	1h	1,050	long leg	$170K	$202K	10x
SoDEX MU-USD	+0.0050%	1h	1,050	−0.004%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.8	−0.016%	$1.9M	$2.3M	10x	as long as short
Nado MU-PERP	+0.0054%	1h	1,049.9	−0.011%	$282K	$848K	10x	as long as short
Paradex MU-USD-PERP	+0.0056%	8h	1,050.2	+0.021%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0059%	1h	1,050.1	+0.010%	$178.1M	$99.2M	10x	as long as short
Aster MUUSD1short	+0.0066%	8h	1,050.3	+0.032%	$21.4M	$52.7M	20x
Bullet MU-USD	+0.0071%	1h	1,050.1	+0.010%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.006%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.2	+0.019%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.1	+0.007%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.076%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050	+0.001%	$835	$799	20x	as long as short
Variational Omni MU	+0.0111%	8h	1,050.9	+0.087%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERP	+0.0112%	1h	1,049.7	−0.026%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0121%	8h	1,050.3	+0.028%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDT	+0.0130%	8h	1,050.4	+0.033%	$126.5M	$518.7M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.6	+0.057%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0253%	8h	1,050.1	+0.012%	$1.5M	$2.0M	20x	as long as short