Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.002%

Price spread now: Aster against Polymarket Perps+0.049%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.049%, 7d avg +0.052%

Together, before fees−0.032%+ Points / potential airdropAster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,037.9	0.0050	pay 0.0006% / 1h	28m 10s	$168K	$195K	10x
Short	Aster MUUSD1	1,038.4	0	get 0.0000% / 8h	1h 28m	$21.2M	$59.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$10.5
Price spread: +0.049% → +0.052%: −$0.35
Slippage, 4 orders: −$12.29
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.14
Costs to cover: 0.283%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 14 min ago; Aster: live order book, 6 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 Polymarket Perps live order book, 14 min ago	2.90 bp	6.9 bp −$7	7.7 bp −$77	9.1 bp −$912	doesn't fit
Sell Aster live order book, 6 min ago	1.01 bp	5.9 bp −$6	14.4 bp −$144	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	−0.0853%	4h	1,037.1	−0.078%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0212%	8h	1,038.3	+0.036%	$20.2M	$40.3M	50x	as long as short
Aster MUUSD1short	0.0000%	8h	1,038.4	+0.049%	$21.2M	$59.1M	20x
Binance MUUSDT	0.0000%	8h	1,037.9	+0.003%	$121.6M	$537.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.2	+0.032%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.1	+0.015%	$29.9M	$100.0M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.2	+0.025%	$314K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038	+0.010%	$61.6M	$28.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.4	−0.052%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.6	−0.028%	$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	1,038.1	+0.021%	$188K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,038.2	+0.030%	$26K	$389K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.2	+0.127%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,037.9	−0.001%	$74K	$564K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037.8	−0.013%	$128K	$442K	50x	as long as short
Nado MU-PERP	+0.0001%	1h	1,037.9	+0.001%	$278K	$815K	10x	as long as short
Aftermath Perps MUUSD	+0.0014%	1h	1,036.7	−0.112%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,038.2	+0.027%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.1	+0.015%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.9	−0.002%	$540K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,038.1	+0.017%	$7.0M	$18.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.297%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.2	−0.064%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.2	+0.024%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.9	0.000%	$176.3M	$88.1M	10x	as long as short
Polymarket Perps MU-USDlong	+0.0050%	1h	1,037.9	long leg	$168K	$195K	10x
SoDEX MU-USD	+0.0050%	1h	1,038.1	+0.015%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.5	−0.040%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,038.3	+0.034%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.6	−0.027%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.9	−0.002%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.9	+0.001%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.2	−0.072%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.1	+0.016%	$825	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.181%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.1	+0.023%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,037.8	−0.010%	$531K	$270K	15x	as long as short