Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%

Price spread now: Aster against StandX+0.001%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$280.275% of the position

Long on StandX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.001%, 7d avg −0.004%

Together, before fees+0.049%+ Points / potential airdropStandX: Active · Aster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX MU-USD	1,051.8	0	get 0.0000% / 1h	14m 09s	$190K	$3.4M	20x
Short	Aster MUUSD1	1,051.8	0	get 0.0000% / 8h	4h 14m	$21.4M	$55.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against StandX. 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 StandXbpFee AsterbpOrdersPrice spread, now +0.001%Rate

Funding earned: $0
Price spread: +0.001% → −0.004%: $0.48
Slippage, 4 orders: −$11.53
Fee StandX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$27.05
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from StandX: live order book, 5 min ago; Aster: 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 StandX live order book, 5 min ago	2.76 bp	7.9 bp −$8	15.0 bp −$150	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	0.28 bp	4.3 bp −$4	7.9 bp −$79	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	−0.0957%	4h	1,052.2	+0.038%	$1.3M	$673K	10x	as long as short
Aster MUUSD1short	0.0000%	8h	1,051.8	+0.001%	$21.4M	$55.0M	20x
OKX MU-USDT-SWAP	0.0000%	8h	1,051.6	−0.014%	$31.2M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,051.7	−0.008%	$343K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.4	−0.035%	$62.3M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.3	+0.052%	$82K	$1.4M	10x	as long as short
StandX MU-USDlong	0.0000%	1h	1,051.8	long leg	$190K	$3.4M	20x
SunX MU-USDT	0.0000%	8h	1,051.7	−0.005%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,051.2	−0.055%	$72K	$441K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.3	−0.044%	$131K	$434K	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MU	+0.0003%	8h	1,051.8	−0.001%	$2.7M	$2.4M	—	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,051.8	+0.002%	$3K	$45K	10x	as long as short
Bybit MUUSDT	+0.0023%	8h	1,051.8	+0.001%	$19.1M	$32.3M	100x	as long as short
Lighter RH MU	+0.0032%	1h	1,051.5	−0.026%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,050.8	−0.092%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.040%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,051.2	−0.055%	$7.1M	$17.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.7	−0.006%	$71K	$234K	10x	as long as short
Binance MUUSDT	+0.0042%	8h	1,051.6	−0.017%	$126.5M	$516.6M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.6	+0.075%	—	$176K	25x	as long as short
Nado MU-PERP	+0.0048%	1h	1,051.1	−0.061%	$282K	$837K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.4	−0.036%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,051.5	−0.031%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.5	−0.119%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,051.5	−0.029%	$2K	—	5x	as long as short
Bullet MU-USD	+0.0051%	1h	1,051.7	−0.008%	$25K	$395K	10x	as long as short
Lighter MU	+0.0056%	1h	1,051.6	−0.021%	$1.1M	$5.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0074%	1h	1,051.3	−0.046%	$178.7M	$99.0M	10x	as long as short
Bitget MUUSDT	+0.0078%	8h	1,051.7	−0.006%	$20.5M	$41.1M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.9	+0.106%	$759K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,051.2	−0.052%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.5	−0.029%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.3	−0.048%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	+0.025%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.3	−0.048%	$836	$799	20x	as long as short
BloFin MU-USDT	+0.0164%	8h	1,051.5	−0.024%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.5	+0.068%	$538K	$271K	15x	as long as short