Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.017%

Price spread now: Bitget against Aevo+0.021%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Bitget is 0.021% dearer against Aevo than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 5.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MU-PERP	1,045.4	0.0128	pay 0.0016% / 1h	1m 00s	$33K	—	10x
Short	Bitget MUUSDT	1,045.6	0.0116	get 0.0116% / 8h	1m 00s	$20.4M	$43.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aevo. 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 AevobpFee BitgetbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$2.52
Price spread: +0.021% → 0.000%: $2.13
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.39
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bitget: live order book, 8 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Bitget live order book, 8 min ago	0.05 bp	7.8 bp −$8	9.5 bp −$95	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0715%	4h	1,045.8	+0.038%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.5	+0.016%	$63.0M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045	−0.034%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.5	+0.203%	$11K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.4	+0.007%	$129K	$456K	50x	as long as short
Aftermath Perps MUUSD	+0.0027%	1h	1,045.2	−0.011%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.3	−0.002%	$1.2M	$4.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.512%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.5	+0.012%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.4	+0.004%	$169K	$195K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MU-USD	+0.0050%	1h	1,045.6	+0.023%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.7	−0.063%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0077%	8h	1,045.6	+0.021%	$30.9M	$104.4M	50x	as long as short
Lighter MU	+0.0080%	1h	1,045.3	−0.010%	$1.0M	$5.0M	20x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.6	+0.022%	$7.9M	$23.8M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.7	+0.030%	$153K	$180K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.3	−0.008%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.1	−0.026%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.6	+0.020%	$831	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0102%	8h	1,045.5	+0.014%	$2K	—	5x	as long as short
Bitget MUUSDTshort	+0.0116%	8h	1,045.6	+0.021%	$20.4M	$43.5M	50x
Bullet MU-USD	+0.0117%	1h	1,045.7	+0.033%	$25K	$394K	10x	as long as short
Aevo MU-PERPlong	+0.0128%	1h	1,045.4	long leg	$33K	—	10x
Nado MU-PERP	+0.0158%	1h	1,044.7	−0.065%	$272K	$875K	10x	as long as short
Variational Omni MU	+0.0166%	8h	1,045.6	+0.024%	$2.7M	$2.5M	—	as long as short
Aster MUUSD1	+0.0167%	8h	1,046	+0.061%	$21.5M	$47.3M	20x	as long as short
Binance MUUSDT	+0.0182%	8h	1,045.6	+0.028%	$124.3M	$530.5M	50x	as long as short
GRVT MU_USDT_Perp	+0.0204%	8h	1,046	+0.059%	$82K	$1.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0209%	1h	1,045.4	+0.004%	$177.1M	$104.9M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,044.9	−0.042%	$757K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0258%	8h	1,045.6	+0.025%	$19.2M	$32.4M	100x	as long as short
BloFin MU-USDT	+0.0302%	8h	1,045.7	+0.034%	$1.5M	$2.0M	20x	as long as short
Extended MU_24_5-USD	+0.0328%	1h	1,044.4	−0.089%	$550K	$1.1M	10x	as long as short
Phoenix MU	+0.0460%	1h	1,046.1	+0.071%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.3	−0.004%	$70K	$244K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,045.8	+0.046%	$314K	$340K	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0621%	1h	1,045.5	+0.014%	$62K	$291K	10x	as long as short