Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: Aster against OKX+0.041%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$250.250% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 7 days−0.050%−$5 · spread now +0.041%, 7d avg +0.001%

Together, before fees−0.136%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.040% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MU-USDT-SWAP	1,038	0	get 0.0000% / 8h	5m 11s	$29.8M	$100.0M	50x
Short	Aster MUUSD1	1,038.5	0	get 0.0000% / 8h	5m 11s	$21.2M	$67.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.001%: $4
Slippage, 4 orders: −$6.95
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$20.95
Costs to cover: 0.250%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Aster: live order book, 4 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 OKX live order book, 4 min ago	0.05 bp	6.2 bp −$6	8.2 bp −$82	17.3 bp −$1,729	doesn't fit
Sell Aster live order book, 4 min ago	1.35 bp	7.1 bp −$7	17.9 bp −$179	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	−0.0555%	4h	1,038.3	+0.024%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0137%	8h	1,038.6	+0.052%	$20.2M	$39.9M	50x	as long as short
Aster MUUSD1short	0.0000%	8h	1,038.5	+0.041%	$21.2M	$67.6M	20x
Binance MUUSDT	0.0000%	8h	1,038.3	+0.024%	$122.5M	$536.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.5	+0.044%	$18.8M	$32.2M	100x	as long as short
OKX MU-USDT-SWAPlong	0.0000%	8h	1,038	long leg	$29.8M	$100.0M	50x
RISEx MU/USDC	0.0000%	1h	1,038.5	+0.043%	$312K	$385K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.1	+0.011%	$61.6M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,038.3	+0.026%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.4	+0.040%	$80K	$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	1,038.4	+0.037%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.7	+0.162%	$11K	$5.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.1	+0.004%	$74K	$621K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.3	+0.023%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0007%	1h	1,038.5	+0.045%	$25K	$388K	10x	as long as short
Nado MU-PERP	+0.0018%	1h	1,038.1	+0.008%	$280K	$804K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,038.4	+0.032%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038.3	+0.022%	$7.0M	$18.7M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.2	+0.019%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.7	−0.030%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.284%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,038.3	+0.028%	$1.0M	$4.9M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.8	−0.022%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.4	+0.038%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.2	+0.016%	$176.4M	$80.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.2	+0.016%	$168K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.1	+0.002%	$681K	$15K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,038.4	+0.032%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.6	−0.043%	$1.9M	$2.7M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.9	−0.015%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.3	+0.030%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038	−0.005%	$144K	$191K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.2	+0.012%	$5.2M	$4.2M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	+0.043%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.3	+0.023%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.3	+0.026%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.7	+0.065%	$531K	$270K	15x	as long as short