Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h −0.023%

Price spread now: Gate against Aftermath Perps+0.156%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 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. Gate is 0.156% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.156% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 33 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MUUSD	1,037.2	0.0016	pay 0.0002% / 1h	41m 32s	$3K	$44K	10x
Short	Gate MU_USDT	1,038.8	0	get 0.0000% / 8h	41m 32s	$61.5M	$28.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aftermath Perps. 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 Aftermath PerpsbpFee GatebpOrdersPrice spread, now +0.156%Rate

Funding earned: −$3.29
Price spread: +0.156% → 0.000%: $15.62
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$11.67
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Gate: live order book, 2 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	0.77 bp	11.5 bp −$12	16.1 bp −$161	35.8 bp −$3,576	61.9 bp −$31.0K

Aftermath Perps: 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	−0.0296%	4h	1,038.1	+0.085%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0195%	8h	1,039.1	+0.185%	$20.2M	$40.1M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,039.1	+0.182%	$21.2M	$65.3M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,039.1	+0.179%	$122.2M	$538.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.9	+0.166%	$18.8M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.9	+0.163%	$29.8M	$100.2M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,039.1	+0.178%	$313K	$385K	20x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,038.8	+0.156%	$61.5M	$28.3M	75x
Variational Omni MU	0.0000%	8h	1,037.9	+0.063%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.5	+0.030%	$71K	$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	1,038.5	+0.120%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.6	+0.328%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.5	+0.124%	$74K	$601K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.6	+0.134%	$127K	$462K	50x	as long as short
Aftermath Perps MUUSDlong	+0.0016%	1h	1,037.2	long leg	$3K	$44K	10x
QFEX MU-USD	+0.0021%	1h	1,038.8	+0.152%	$7.0M	$18.9M	10x	as long as short
Nado MU-PERP	+0.0027%	1h	1,039	+0.168%	$280K	$808K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,039	+0.174%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,038.7	+0.143%	$545K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.364%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0036%	1h	1,038.8	+0.153%	$25K	$389K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.5	+0.031%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.4	+0.116%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.9	+0.163%	$176.6M	$84.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.6	+0.134%	$169K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.6	+0.133%	$682K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,038.3	+0.104%	$1.9M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,039	+0.171%	$2K	—	5x	as long as short
Lighter MU	+0.0064%	1h	1,039.2	+0.188%	$1.0M	$4.9M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.4	+0.118%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.1	+0.085%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.8	+0.154%	$147K	$188K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.6	+0.136%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.6	+0.034%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.5	+0.122%	$826	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.5	+0.121%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,037.7	+0.047%	$531K	$270K	15x	as long as short