Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.002%

Price spread now: Aster against SoDEX−0.062%45s7-day average +0.025% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.334% of the position

Long on SoDEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.032%−$3 on $10k

Price spread, last 3 days (all we have)+0.134%+$13 · spread now −0.062%, 7d avg +0.025%

Together, before fees+0.102%+ Points / potential airdropAster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.087% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.025%). If the spread goes back, that is −$9 on $10k: about 2.2 days of funding at the current rate (+$4 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MU-USD	1,051	0.0107	pay 0.0013% / 1h	21m 33s	$690K	$16K	10x
Short	Aster MUUSD1	1,050.4	0.0240	get 0.0240% / 8h	7h 21m	$21.6M	$48.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now −0.062%Rate

Funding earned: $27.75
Price spread: −0.062% → +0.025%: −$8.68
Slippage, 4 orders: −$17.43
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$14.37
Costs to cover: 0.334%
Break-even: 10.6 days

Slippage from SoDEX: live order book, 52 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 SoDEX live order book, 52 min ago	0.05 bp	12.2 bp −$12	43.9 bp −$439	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.52 bp	4.7 bp −$5	11.1 bp −$111	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	−0.0574%	4h	1,050.5	−0.051%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.1	+0.003%	$62.8M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.3	−0.070%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.8	+0.165%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.6	−0.041%	$130K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.5	−0.053%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.7	−0.029%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.030%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.8	+0.073%	—	$179K	25x	as long as short
Lighter MU	+0.0048%	1h	1,050.9	−0.012%	$1.1M	$4.8M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,051.2	+0.015%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.1	−0.088%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,051	−0.007%	$7.7M	$21.9M	10x	as long as short
Nado MU-PERP	+0.0086%	1h	1,050.9	−0.009%	$274K	$858K	10x	as long as short
Paradex MU-USD-PERP	+0.0091%	8h	1,050.9	−0.016%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,050.6	−0.045%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.5	−0.052%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.9	−0.013%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.9	−0.012%	$835	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0105%	8h	1,051.5	+0.045%	$30.9M	$101.8M	50x	as long as short
SoDEX MU-USDlong	+0.0107%	1h	1,051	long leg	$690K	$16K	10x
Aevo MU-PERP	+0.0136%	1h	1,050.8	−0.023%	$32K	$1K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0178%	1h	1,050.8	−0.020%	$64K	$305K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	−0.255%	$759K	$1.2M	10x	as long as short
Bybit MUUSDT	+0.0211%	8h	1,051.9	+0.083%	$19.5M	$32.7M	100x	as long as short
Bullet MU-USD	+0.0214%	1h	1,051.3	+0.025%	$25K	$395K	10x	as long as short
Variational Omni MU	+0.0224%	8h	1,051.7	+0.058%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0239%	8h	1,051.5	+0.042%	$126.1M	$522.1M	50x	as long as short
Aster MUUSD1short	+0.0240%	8h	1,050.4	−0.062%	$21.6M	$48.3M	20x
Arcus MU-USD	+0.0240%	1h	1,050.8	−0.022%	$71K	$243K	10x	as long as short
tradeXYZ xyz:MU	+0.0240%	1h	1,050.6	−0.042%	$178.4M	$100.3M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,051.5	+0.040%	$316K	$339K	20x	as long as short
BloFin MU-USDT	+0.0356%	8h	1,051.1	+0.006%	$1.5M	$2.0M	20x	as long as short
Extended MU_24_5-USD	+0.0376%	1h	1,050.5	−0.053%	$566K	$1.2M	10x	as long as short
Phoenix MU	+0.0383%	1h	1,051.2	+0.015%	$538K	$306K	15x	as long as short
Bitget MUUSDT	+0.0385%	8h	1,051.2	+0.018%	$20.6M	$41.6M	50x	as long as short
GRVT MU_USDT_Perp	+0.0550%	8h	1,051.5	+0.044%	$83K	$1.3M	10x	as long as short