Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.005%

Price spread now: Aevo against Bybit−0.059%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 0.059% cheaper against Bybit than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 37 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MUUSDT	1,050.4	0	get 0.0000% / 8h	6h 04m	$19.2M	$32.6M	100x
Short	Aevo MU-PERP	1,049.8	0.0128	get 0.0016% / 1h	4m 15s	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.059%Rate

Funding earned: $26.88
Price spread: −0.059% → 0.000%: −$5.93
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$6.05
Costs to cover: 0.270%
Break-even: 8.6 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.05 bp	6.6 bp −$7	10.8 bp −$108	32.6 bp −$3,264	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 36 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	−0.0984%	4h	1,049.3	−0.101%	$1.3M	$671K	10x	as long as short
Bybit MUUSDTlong	0.0000%	8h	1,050.4	long leg	$19.2M	$32.6M	100x
Gate MU_USDT	0.0000%	8h	1,050.1	−0.031%	$62.1M	$27.8M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.6	−0.073%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050.2	−0.020%	$25K	$395K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.8	+0.129%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050	−0.035%	$129K	$426K	50x	as long as short
Nado MU-PERP	+0.0005%	1h	1,049.4	−0.093%	$278K	$853K	10x	as long as short
GRVT MU_USDT_Perp	+0.0013%	8h	1,048.9	−0.145%	$80K	$1.3M	10x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,049.3	−0.105%	$3K	$45K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,049.9	−0.050%	$1.2M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.8	−0.053%	$1.2M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.3	−0.104%	$564K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,050	−0.042%	$7.3M	$18.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.5	−0.087%	$71K	$236K	10x	as long as short
OKX MU-USDT-SWAP	+0.0040%	8h	1,050.2	−0.019%	$30.8M	$100.2M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.8	+0.035%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049.9	−0.048%	$178.2M	$99.4M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.8	−0.057%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.1	−0.030%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.4	−0.098%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0059%	8h	1,050	−0.035%	$2K	—	5x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0064%	1h	1,049.8	−0.053%	$66K	$348K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,049.8	−0.062%	$148K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.9	−0.046%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050	−0.038%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.2	−0.022%	$835	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.091%	$19K	$5K	12x	as long as short
Aster MUUSD1	+0.0125%	8h	1,050	−0.041%	$21.6M	$51.7M	20x	as long as short
Aevo MU-PERPshort	+0.0128%	1h	1,049.8	−0.059%	$32K	$1K	10x
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,048.1	−0.224%	$755K	$1.2M	10x	as long as short
Variational Omni MU	+0.0154%	8h	1,049.9	−0.045%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0173%	8h	1,050.3	−0.012%	$126.6M	$521.7M	50x	as long as short
Bitget MUUSDT	+0.0182%	8h	1,050.2	−0.021%	$20.6M	$41.3M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,049.7	−0.067%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,050.3	−0.014%	$334K	$349K	20x	as long as short