Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.001%

Price spread now: Aevo against Binance−0.044%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.044% cheaper against Binance than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 44 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MUUSDT	1,039.1	0	get 0.0000% / 8h	2h 13m	$122.0M	$534.9M	50x
Short	Aevo MU-PERP	1,038.6	0.0080	get 0.0010% / 1h	13m 14s	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now −0.044%Rate

Funding earned: $16.8
Price spread: −0.044% → 0.000%: −$4.4
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$13.6
Costs to cover: 0.260%
Break-even: 12.7 days

Slippage unknown: Binance: live order book, 16 min ago; Aevo: no order-book sample. 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 Binance live order book, 16 min ago	0.05 bp	5.8 bp −$6	7.6 bp −$76	21.3 bp −$2,135	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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
Bitget MUUSDT	−0.0162%	8h	1,039.3	+0.017%	$20.3M	$41.2M	50x	as long as short
edgeX MUUSDC	−0.0146%	4h	1,036.6	−0.236%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.8	−0.032%	$21.1M	$57.2M	20x	as long as short
Binance MUUSDTlong	0.0000%	8h	1,039.1	long leg	$122.0M	$534.9M	50x
Bybit MUUSDT	0.0000%	8h	1,039.2	+0.011%	$18.6M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,039	−0.011%	$29.9M	$101.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,039.2	+0.011%	$315K	$383K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.9	−0.018%	$61.5M	$28.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.4	−0.259%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.3	−0.168%	$84K	$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	1,038.1	−0.093%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.6	+0.141%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.8	−0.024%	$74K	$527K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.8	−0.033%	$127K	$449K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,037	−0.197%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,039	−0.007%	$7.0M	$18.2M	10x	as long as short
Nado MU-PERP	+0.0024%	1h	1,038.9	−0.021%	$277K	$818K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,039	−0.009%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,038.4	−0.065%	$538K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.181%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0036%	1h	1,039.3	+0.022%	$25K	$389K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.3	−0.171%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.9	−0.015%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.9	−0.018%	$176.7M	$91.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,039	−0.009%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.8	−0.031%	$682K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.1	−0.196%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,039.2	+0.008%	$2K	—	5x	as long as short
Aevo MU-PERPshort	+0.0080%	1h	1,038.6	−0.044%	$32K	$1K	10x
Pacifica MU	+0.0100%	1h	1,038.5	−0.062%	$147K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.6	−0.044%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.1	−0.190%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.7	−0.042%	$826	$799	20x	as long as short
Lighter MU	+0.0104%	1h	1,039.1	+0.002%	$1.0M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,039	−0.011%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.300%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,039	−0.009%	$531K	$270K	15x	as long as short