Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0657%/8h= −71.9% APRpaid last 24h −0.002%

Price spread now: edgeX against Aster+0.002%80s7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs+$56as in the Funding arb table

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

costs, in and out, $10k−$250.245% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.806%+$81 on $10k

Price spread, last 7 days−0.025%−$2 · spread now +0.002%, 7d avg −0.031%

Together, before fees+0.782%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$78 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.033% dearer against Aster than usual: you sell high and buy low (spread +0.002% now, against its 7-day average of −0.031%): +$3 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +0.806%, so the current rate has only just turned against you. The two prices were read 80 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	Aster MUUSD1	1,036.5	0	get 0.0000% / 8h	1h 44m	$21.1M	$57.8M	20x
Short	edgeX MUUSDC	1,036.5	−0.0657	pay 0.0329% / 4h	1h 44m	$1.3M	$673K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aster. 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 AsterbpFee edgeXbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$137.98
Price spread: +0.002% → −0.031%: $3.32
Slippage, 4 orders: −$7.53
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$159.19
Costs to cover: 0.245%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; edgeX: live order book, 5 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 Aster live order book, 5 min ago	1.59 bp	7.3 bp −$7	7.8 bp −$78	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	0.29 bp	4.9 bp −$5	6.9 bp −$69	31.2 bp −$3,120	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 MUUSDCshort	−0.0657%	4h	1,036.5	+0.002%	$1.3M	$673K	10x
Bitget MUUSDT	−0.0137%	8h	1,036.3	−0.016%	$20.2M	$41.4M	50x	as long as short
Aster MUUSD1long	0.0000%	8h	1,036.5	long leg	$21.1M	$57.8M	20x
Binance MUUSDT	0.0000%	8h	1,036.2	−0.032%	$121.3M	$537.2M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,036.3	−0.022%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.2	−0.030%	$29.9M	$101.0M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,036.8	+0.027%	$315K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,036	−0.049%	$61.6M	$28.3M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.4	−0.006%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.6	+0.009%	$75K	$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	1,036.6	+0.005%	$187K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,037.5	+0.095%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,035.9	−0.055%	$74K	$551K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,036.2	−0.034%	$127K	$441K	50x	as long as short
Bullet MU-USD	+0.0016%	1h	1,036.3	−0.020%	$25K	$389K	10x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,036.8	+0.029%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0023%	1h	1,036.3	−0.017%	$277K	$816K	10x	as long as short
Lighter MU	+0.0032%	1h	1,036.1	−0.040%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,036	−0.045%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,035.7	−0.079%	$541K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,036.6	+0.004%	$7.0M	$18.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.433%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036.6	+0.011%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,036.5	−0.005%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036	−0.049%	$176.1M	$89.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,036.4	−0.010%	$168K	$196K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,036	−0.048%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,035.6	−0.091%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,036.8	+0.024%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,035.8	−0.064%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,036.5	−0.005%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036.1	−0.042%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,035.9	−0.063%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.1	−0.035%	$824	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,037.6	+0.104%	$732K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.7	+0.022%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,036.8	+0.029%	$530K	$270K	15x	as long as short