Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.021%

Price spread now: OKX against Aevo+0.081%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 OKX

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. OKX is 0.081% dearer against Aevo than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MU-PERP	1,036.6	0.0080	pay 0.0010% / 1h	30m 20s	$32K	$1K	10x
Short	OKX MU-USDT-SWAP	1,037.5	0	get 0.0000% / 8h	2h 30m	$30.0M	$100.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$16.8
Price spread: +0.081% → 0.000%: $8.15
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$34.65
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	0.05 bp	5.2 bp −$5	7.2 bp −$72	22.3 bp −$2,232	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	−0.0955%	4h	1,035.8	−0.080%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,037.6	+0.098%	$21.1M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.6	+0.093%	$121.3M	$530.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037.6	+0.095%	$18.5M	$32.0M	100x	as long as short
OKX MU-USDT-SWAPshort	0.0000%	8h	1,037.5	+0.081%	$30.0M	$100.4M	50x
RISEx MU/USDC	0.0000%	1h	1,037.5	+0.083%	$335K	$370K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037	+0.040%	$61.5M	$28.3M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,037.5	+0.082%	$20.4M	$41.1M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,036	−0.057%	$2.6M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,035.3	−0.122%	$75K	$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	1,035.9	−0.070%	$187K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,038.3	+0.164%	$11K	$5.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037	+0.042%	$127K	$448K	50x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,036.7	+0.005%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,037.2	+0.059%	$7.0M	$18.0M	10x	as long as short
Nado MU-PERP	+0.0024%	1h	1,036.6	−0.005%	$277K	$819K	10x	as long as short
Bullet MU-USD	+0.0029%	1h	1,037.2	+0.054%	$25K	$390K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.1	+0.051%	$1.2M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036.7	+0.006%	$541K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.423%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036.4	−0.023%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,036.7	+0.011%	—	$174K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036.6	0.000%	$176.1M	$92.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037	+0.038%	$168K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,036.7	+0.004%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,034.7	−0.181%	$1.9M	$2.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,037.3	+0.070%	$2K	—	5x	as long as short
Aevo MU-PERPlong	+0.0080%	1h	1,036.6	long leg	$32K	$1K	10x
Pacifica MU	+0.0100%	1h	1,037	+0.034%	$146K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037	+0.035%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,035.3	−0.131%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.8	+0.023%	$824	$799	20x	as long as short
Lighter MU	+0.0112%	1h	1,037.4	+0.076%	$1.0M	$4.9M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.9	+0.030%	$1.5M	$2.0M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0136%	1h	1,036.9	+0.029%	$73K	$512K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,035.9	−0.072%	$731K	$1.2M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,037.1	+0.048%	$530K	$270K	15x	as long as short