Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0179%/8h= −19.6% APRpaid last 24h −0.004%

Price spread now: Aftermath Perps against Bybit−0.057%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 Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Aftermath Perps is 0.057% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MUUSDT	1,051.6	0.0201	pay 0.0201% / 8h	7h 06m	$19.4M	$32.6M	100x
Short	Aftermath Perps MUUSD	1,051	0.0022	get 0.0003% / 1h	6m 07s	$3K	$45K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$37.56
Price spread: −0.057% → 0.000%: −$5.7
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$63.26
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Aftermath Perps: 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, 3 min ago	0.76 bp	7.1 bp −$7	9.8 bp −$98	38.9 bp −$3,890	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

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	−0.0751%	4h	1,051.1	−0.041%	$1.3M	$671K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.4	−0.014%	$62.7M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.4	−0.107%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.3	+0.074%	$11K	$6.1M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.2	−0.030%	$130K	$424K	50x	as long as short
Aftermath Perps MUUSDshort	+0.0022%	1h	1,051	−0.057%	$3K	$45K	10x
Lighter RH MU	+0.0032%	1h	1,051.3	−0.021%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.018%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.1	+0.055%	—	$179K	25x	as long as short
Lighter MU	+0.0048%	1h	1,051.4	−0.015%	$1.1M	$4.8M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,051	−0.052%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.8	−0.072%	$2.0M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,051.1	−0.043%	$7.6M	$21.2M	10x	as long as short
SoDEX MU-USD	+0.0063%	1h	1,051.5	−0.010%	$690K	$16K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0064%	1h	1,051.3	−0.028%	$65K	$312K	10x	as long as short
Paradex MU-USD-PERP	+0.0085%	8h	1,051.2	−0.034%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0087%	1h	1,050.8	−0.075%	$274K	$857K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.1	−0.040%	$149K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.2	−0.031%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.6	−0.087%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.4	−0.017%	$836	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0108%	8h	1,051.3	−0.027%	$31.0M	$101.6M	50x	as long as short
Aevo MU-PERP	+0.0144%	1h	1,051.3	−0.020%	$32K	$1K	10x	as long as short
Bullet MU-USD	+0.0177%	1h	1,051.5	−0.005%	$26K	$396K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,050.5	−0.102%	$762K	$1.2M	10x	as long as short
Bybit MUUSDTlong	+0.0201%	8h	1,051.6	long leg	$19.4M	$32.6M	100x
tradeXYZ xyz:MU	+0.0203%	1h	1,051	−0.052%	$178.5M	$100.1M	10x	as long as short
Arcus MU-USD	+0.0240%	1h	1,051.2	−0.037%	$71K	$242K	10x	as long as short
Variational Omni MU	+0.0256%	8h	1,051.6	0.000%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0264%	8h	1,050.9	−0.063%	$21.6M	$48.4M	20x	as long as short
Binance MUUSDT	+0.0267%	8h	1,051.2	−0.030%	$126.4M	$521.5M	50x	as long as short
Extended MU_24_5-USD	+0.0304%	1h	1,050.6	−0.090%	$559K	$1.1M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,051.3	−0.027%	$316K	$339K	20x	as long as short
Phoenix MU	+0.0383%	1h	1,051.5	−0.005%	$538K	$306K	15x	as long as short
BloFin MU-USDT	+0.0386%	8h	1,051.6	+0.003%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0417%	8h	1,051.5	−0.010%	$20.6M	$41.6M	50x	as long as short
GRVT MU_USDT_Perp	+0.0569%	8h	1,051.2	−0.034%	$83K	$1.3M	10x	as long as short