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 +0.030%

Price spread now: Aevo against Gate−0.005%7-day average — · you buy dearer than you sell

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

Long on Gate 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,050.5	0	get 0.0000% / 8h	6h 23m	$62.1M	$27.7M	75x
Short	Aevo MU-PERP	1,050.4	0.0128	get 0.0016% / 1h	23m 02s	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now −0.005%Rate

Funding earned: $26.88
Price spread: −0.005% → 0.000%: −$0.45
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$4.57
Costs to cover: 0.310%
Break-even: 8.2 days

Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago	0.71 bp	12.3 bp −$12	17.7 bp −$177	39.6 bp −$3,963	75.7 bp −$37.8K
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	−0.0953%	4h	1,050.1	−0.033%	$1.3M	$670K	10x	as long as short
Nado MU-PERP	−0.0005%	1h	1,050.5	+0.006%	$276K	$855K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.7	+0.028%	$19.2M	$32.6M	100x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,050.5	long leg	$62.1M	$27.7M	75x
StandX MU-USD	0.0000%	1h	1,050.5	0.000%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050.7	+0.026%	$25K	$395K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.9	+0.135%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.4	−0.007%	$66K	$336K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.4	−0.004%	$129K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,049.9	−0.048%	$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	1,050.5	+0.007%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.5	+0.009%	$1.1M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,050.1	−0.034%	$567K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,050.6	+0.013%	$7.4M	$19.6M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.2	−0.029%	$71K	$236K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.6	+0.113%	—	$177K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,050.4	−0.005%	$178.3M	$99.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.4	−0.005%	$171K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.6	+0.015%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.9	−0.052%	$1.9M	$2.4M	10x	as long as short
OKX MU-USDT-SWAP	+0.0058%	8h	1,050.6	+0.012%	$30.8M	$100.7M	50x	as long as short
Paradex MU-USD-PERP	+0.0063%	8h	1,050.6	+0.018%	$2K	—	5x	as long as short
GRVT MU_USDT_Perp	+0.0083%	8h	1,050.6	+0.016%	$81K	$1.3M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.7	+0.028%	$149K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.4	−0.001%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.2	−0.020%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.7	+0.028%	$835	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.087%	$19K	$5K	12x	as long as short
Aevo MU-PERPshort	+0.0128%	1h	1,050.4	−0.005%	$32K	$1K	10x
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.3	−0.016%	$757K	$1.2M	10x	as long as short
Aster MUUSD1	+0.0171%	8h	1,050.8	+0.032%	$21.6M	$51.5M	20x	as long as short
Variational Omni MU	+0.0186%	8h	1,050.5	+0.004%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0203%	8h	1,050.6	+0.010%	$126.6M	$524.0M	50x	as long as short
Bitget MUUSDT	+0.0246%	8h	1,050.6	+0.014%	$20.6M	$42.0M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,050.8	+0.033%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,050.7	+0.022%	$334K	$348K	20x	as long as short