Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0229%/8h= −25.1% APRpaid last 24h +0.002%

Price spread now: Aster against SoDEX−0.042%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on SoDEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.032%−$3 on $10k

Price spread, last 3 days (all we have)+0.114%+$11 · spread now −0.042%, 7d avg +0.025%

Together, before fees+0.082%+ Points / potential airdropAster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aster is 0.067% cheaper against SoDEX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.025%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.032% in total (about -3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MU-USD	1,051.6	0.0421	pay 0.0053% / 1h	48m 19s	$690K	$16K	10x
Short	Aster MUUSD1	1,051.1	0.0192	get 0.0192% / 8h	7h 48m	$21.6M	$47.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$48.12
Price spread: −0.042% → +0.025%: −$6.69
Slippage, 4 orders: −$22.05
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$92.87
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from SoDEX: live order book, 25 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 SoDEX live order book, 25 min ago	0.05 bp	12.2 bp −$12	43.9 bp −$439	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	1.14 bp	6.8 bp −$7	12.4 bp −$124	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	−0.0156%	4h	1,048.4	−0.306%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.9	+0.029%	$63.1M	$28.5M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049	−0.250%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.4	+0.267%	$11K	$6.3M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.8	−0.075%	$130K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,048.8	−0.260%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,051.8	+0.018%	$1.1M	$4.7M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,051.7	+0.013%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	−0.083%	$14K	$251	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.3	+0.070%	—	$195K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.4	−0.013%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,052.3	+0.064%	$7.8M	$23.3M	10x	as long as short
Nado MU-PERP	+0.0060%	1h	1,051.6	+0.004%	$274K	$862K	10x	as long as short
OKX MU-USDT-SWAP	+0.0094%	8h	1,052.9	+0.129%	$30.9M	$102.2M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,052	+0.040%	$152K	$177K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.1	−0.048%	$5.3M	$3.7M	20x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.3	+0.067%	$837	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0103%	8h	1,052.3	+0.066%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,052.8	+0.117%	$32K	$1K	10x	as long as short
Bybit MUUSDT	+0.0154%	8h	1,053.4	+0.169%	$19.2M	$32.6M	100x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0168%	1h	1,053.4	+0.174%	$63K	$294K	10x	as long as short
Variational Omni MU	+0.0177%	8h	1,049.9	−0.158%	$2.7M	$2.4M	—	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,049.5	−0.197%	$760K	$1.3M	10x	as long as short
Aster MUUSD1short	+0.0192%	8h	1,051.1	−0.042%	$21.6M	$47.8M	20x
Binance MUUSDT	+0.0198%	8h	1,052.8	+0.118%	$126.1M	$526.1M	50x	as long as short
Bitget MUUSDT	+0.0221%	8h	1,052.5	+0.088%	$20.7M	$41.7M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,049.5	−0.197%	$71K	$242K	10x	as long as short
Polymarket Perps MU-USD	+0.0276%	1h	1,052	+0.040%	$170K	$202K	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,052.2	+0.062%	$316K	$339K	20x	as long as short
BloFin MU-USDT	+0.0315%	8h	1,050.8	−0.076%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0383%	1h	1,050.3	−0.122%	$537K	$306K	15x	as long as short
SoDEX MU-USDlong	+0.0421%	1h	1,051.6	long leg	$690K	$16K	10x
Bullet MU-USD	+0.0510%	1h	1,052.7	+0.104%	$27K	$394K	10x	as long as short
ApeX Omni MUUSDT	+0.0518%	1h	1,049.3	−0.216%	$71K	$267K	50x	as long as short
GRVT MU_USDT_Perp	+0.0533%	8h	1,048.8	−0.268%	$83K	$1.4M	10x	as long as short
Extended MU_24_5-USD	+0.0536%	1h	1,052.4	+0.079%	$556K	$1.1M	10x	as long as short
tradeXYZ xyz:MU	+0.0543%	1h	1,052.6	+0.097%	$178.5M	$101.5M	10x	as long as short