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updated —MU Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~14d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.96%
7d Period Avg+20.13%
swing±40.98%
LONG Aster · nowMUUSD1
+0.00%
7d avg:−9.17%
SHORT Phemex · nowMUXUSDT
+10.96%
7d avg:+10.96%
Entry Spread Now
−0.070%
Against youL ask 768.7100 · S bid 768.1700−$7.02 at entry
24h range −0.51%…+0.22% · median −0.04%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.040%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$5.40
−0.05%
$Avg Daily PnL
+$5.30
+0.0530%
★Best Day
+$19.04
Nov 9
◎Open Interest
Aster$16.27M
Phemex$1.62M⚡Funding APR
+19.33%
annualized · funding only
⚠Execution Cost
−$42.47
entry + exit fees
⏱Payback
8.0d
to break even
◧24h Volume
Aster$28.28MPhemex$1.39MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$42.47 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.