Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h +0.006%

Price spread now: Binance against Aftermath Perps+0.153%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Binance

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 pays, funding is against you. Binance is 0.153% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.153% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 37 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MUUSD	1,036.5	0.0014	pay 0.0002% / 1h	29m 02s	$3K	$44K	10x
Short	Binance MUUSDT	1,038.1	0	get 0.0000% / 8h	1h 29m	$121.6M	$537.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aftermath 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 Aftermath PerpsbpFee BinancebpOrdersPrice spread, now +0.153%Rate

Funding earned: −$2.88
Price spread: +0.153% → 0.000%: $15.34
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$6.54
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Binance: live order book, 15 min ago. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 15 min ago	0.05 bp	5.1 bp −$5	6.9 bp −$69	16.5 bp −$1,646	doesn't fit

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	−0.0853%	4h	1,037.1	+0.052%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0214%	8h	1,038.2	+0.162%	$20.2M	$40.3M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.6	+0.197%	$21.2M	$59.1M	20x	as long as short
Binance MUUSDTshort	0.0000%	8h	1,038.1	+0.153%	$121.6M	$537.6M	50x
Bybit MUUSDT	0.0000%	8h	1,038.2	+0.159%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.1	+0.149%	$29.9M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,037.8	+0.125%	$314K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038	+0.140%	$61.6M	$28.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.4	+0.079%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.6	+0.102%	$73K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,037.9	+0.134%	$188K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,038.1	+0.148%	$26K	$389K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.6	+0.293%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,037.7	+0.109%	$74K	$563K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037.4	+0.084%	$128K	$441K	50x	as long as short
Nado MU-PERP	+0.0001%	1h	1,037.9	+0.132%	$278K	$815K	10x	as long as short
Aftermath Perps MUUSDlong	+0.0014%	1h	1,036.5	long leg	$3K	$44K	10x
Lighter MU	+0.0032%	1h	1,038.1	+0.148%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.9	+0.134%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.8	+0.121%	$540K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,037.9	+0.134%	$7.0M	$18.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.429%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037	+0.046%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,037.9	+0.129%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.9	+0.130%	$176.3M	$88.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.8	+0.121%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038	+0.135%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037	+0.041%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,038.2	+0.159%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.6	+0.098%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.9	+0.132%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.8	+0.120%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.2	+0.058%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.9	+0.129%	$825	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.051%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.1	+0.153%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,037.8	+0.121%	$531K	$270K	15x	as long as short