Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.029%

Price spread now: SunX against Aevo+0.206%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 SunX

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. SunX is 0.206% dearer against Aevo than usual: you sell high and buy low (spread +0.206% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MU-PERP	1,039.8	0.0080	pay 0.0010% / 1h	54m 02s	$32K	$1K	10x
Short	SunX MU-USDT	1,041.9	0	get 0.0000% / 8h	5h 54m	$11K	$5.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.206%Rate

Funding earned: −$16.8
Price spread: +0.206% → 0.000%: $20.58
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$20.22
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; SunX: 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 SunX live order book, 8 min ago	21.58 bp	32.5 bp −$32	doesn't fit	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 exchanges

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	−0.0530%	4h	1,038.8	−0.090%	$1.3M	$694K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,040.3	+0.055%	$21.2M	$73.4M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,040.3	+0.048%	$121.7M	$555.2M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,039.9	+0.012%	$29.6M	$107.8M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,039.9	+0.015%	$61.2M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,040.2	+0.040%	$19.8M	$43.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,039.5	−0.030%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,039.1	−0.061%	$188K	$3.7M	20x	as long as short
SunX MU-USDTshort	0.0000%	8h	1,041.9	+0.206%	$11K	$5.0M	10x
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,039.5	−0.026%	$37K	$717K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,039.9	+0.016%	$119K	$474K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,040	+0.023%	$1.2M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.115%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0034%	1h	1,039.1	−0.067%	$3K	$41K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,041	+0.119%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040.1	+0.032%	$170K	$180K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.1	+0.027%	$683K	$13K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,039.1	−0.061%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0058%	1h	1,039.9	+0.014%	$7.0M	$19.3M	10x	as long as short
Bybit MUUSDT	+0.0072%	8h	1,040.4	+0.061%	$18.8M	$32.3M	100x	as long as short
Paradex MU-USD-PERP	+0.0079%	8h	1,040	+0.020%	$2K	—	5x	as long as short
Aevo MU-PERPlong	+0.0080%	1h	1,039.8	long leg	$32K	$1K	10x
Pacifica MU	+0.0100%	1h	1,039.5	−0.031%	$151K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,039.5	−0.022%	$5.2M	$5.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	−0.120%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,039.9	+0.015%	$827	$799	20x	as long as short
Nado MU-PERP	+0.0101%	1h	1,039.4	−0.034%	$277K	$842K	10x	as long as short
RISEx MU/USDC	+0.0118%	1h	1,040.3	+0.052%	$300K	$351K	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.1	+0.035%	$1.4M	$2.5M	20x	as long as short
Arcus MU-USD	+0.0139%	1h	1,039.6	−0.020%	$90K	$148K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0192%	1h	1,039.6	−0.021%	$727K	$1.2M	10x	as long as short
Bullet MU-USD	+0.0197%	1h	1,040.3	+0.054%	$24K	$386K	10x	as long as short
Lighter MU	+0.0200%	1h	1,040.1	+0.031%	$1.0M	$5.0M	20x	as long as short
GRVT MU_USDT_Perp	+0.0218%	8h	1,039.5	−0.030%	$81K	$1.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0224%	1h	1,040.1	+0.032%	$177.4M	$75.6M	10x	as long as short
Phoenix MU	+0.0310%	1h	1,039.4	−0.036%	$532K	$159K	15x	as long as short
Extended MU_24_5-USD	+0.0336%	1h	1,039.3	−0.041%	$551K	$1.1M	10x	as long as short