Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.029%

Price spread now: Extended against Aster−0.073%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 7 days+0.081%+$8 · spread now −0.073%, 7d avg −0.054%

Together, before fees+0.230%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MUUSD1	1,040.8	0	get 0.0000% / 8h	2h 01m	$21.2M	$57.2M	20x
Short	Extended MU_24_5-USD	1,040	0.0032	get 0.0004% / 1h	1m 44s	$544K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.073%Rate

Funding earned: $6.72
Price spread: −0.073% → −0.054%: −$1.85
Slippage, 4 orders: −$11.39
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$19.52
Costs to cover: 0.244%
Break-even: 27.3 days

Slippage from Aster: live order book, 2 min ago; Extended: live order book, 1 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, 2 min ago	1.59 bp	7.3 bp −$7	7.9 bp −$79	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	0.10 bp	4.6 bp −$5	8.6 bp −$86	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
Bitget MUUSDT	−0.0085%	8h	1,040.8	+0.001%	$20.3M	$41.2M	50x	as long as short
edgeX MUUSDC	−0.0008%	4h	1,041.1	+0.035%	$1.3M	$672K	10x	as long as short
Aster MUUSD1long	0.0000%	8h	1,040.8	long leg	$21.2M	$57.2M	20x
Binance MUUSDT	0.0000%	8h	1,040.4	−0.035%	$122.1M	$536.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,040.6	−0.013%	$18.7M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,040.4	−0.036%	$30.0M	$101.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,040.7	−0.003%	$316K	$382K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,040.6	−0.019%	$61.7M	$28.6M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,041.3	+0.057%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,041.6	+0.078%	$84K	$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	1,040.6	−0.018%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042	+0.122%	$11K	$5.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,040	−0.076%	$128K	$442K	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0010%	1h	1,040.4	−0.038%	$74K	$537K	10x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,040.4	−0.032%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0022%	1h	1,040.3	−0.043%	$277K	$816K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,040.6	−0.015%	$7.0M	$18.3M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,040.4	−0.033%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USDshort	+0.0032%	1h	1,040	−0.073%	$544K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.019%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0039%	1h	1,040.8	+0.001%	$26K	$389K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,040.2	−0.053%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040.9	+0.009%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,040.4	−0.034%	$177.0M	$90.8M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040.4	−0.034%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.3	−0.046%	$683K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,040	−0.069%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,040.5	−0.023%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,040.1	−0.059%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,040.1	−0.064%	$148K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,040.2	−0.049%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,040.9	+0.017%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.6	−0.019%	$827	$799	20x	as long as short
Lighter MU	+0.0112%	1h	1,040.7	−0.010%	$1.1M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.9	+0.014%	$1.4M	$2.1M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.460%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,041.2	+0.043%	$533K	$270K	15x	as long as short