Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.022%

Price spread now: Aftermath Perps against Gate−0.048%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 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

Funding pays, the price is against you. Aftermath Perps is 0.048% cheaper against Gate than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 7.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,051.4	0	get 0.0000% / 8h	7h 12m	$62.8M	$29.0M	75x
Short	Aftermath Perps MUUSD	1,050.9	0.0022	get 0.0003% / 1h	12m 09s	$3K	$45K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.048%Rate

Funding earned: $4.58
Price spread: −0.048% → 0.000%: −$4.75
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$24.17
Costs to cover: 0.240%
Break-even: 43.9 days

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	0.48 bp	12.6 bp −$13	17.3 bp −$173	44.5 bp −$4,453	79.5 bp −$39.7K
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	−0.0028%	4h	1,051.8	+0.041%	$1.3M	$674K	10x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,051.4	long leg	$62.8M	$29.0M	75x
StandX MU-USD	0.0000%	1h	1,050.7	−0.066%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.6	+0.115%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.9	−0.048%	$64K	$309K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.9	−0.042%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSDshort	+0.0022%	1h	1,050.9	−0.048%	$3K	$45K	10x
Lighter RH MU	+0.0032%	1h	1,051.2	−0.016%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	0.000%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.2	+0.075%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0048%	1h	1,051.3	−0.006%	$1.1M	$4.8M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.9	−0.044%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.9	−0.045%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,051.2	−0.020%	$7.6M	$21.3M	10x	as long as short
SoDEX MU-USD	+0.0083%	1h	1,051.3	−0.008%	$690K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0088%	8h	1,051.3	−0.006%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0088%	1h	1,051	−0.031%	$274K	$858K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.2	−0.015%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.2	−0.011%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.7	+0.035%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.5	+0.013%	$836	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0107%	8h	1,051.3	−0.010%	$30.9M	$101.6M	50x	as long as short
Aevo MU-PERP	+0.0144%	1h	1,051	−0.030%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,050.9	−0.049%	$763K	$1.2M	10x	as long as short
Bullet MU-USD	+0.0188%	1h	1,051.4	0.000%	$26K	$396K	10x	as long as short
tradeXYZ xyz:MU	+0.0214%	1h	1,051	−0.034%	$178.5M	$100.4M	10x	as long as short
Bybit MUUSDT	+0.0228%	8h	1,051.7	+0.029%	$19.4M	$32.6M	100x	as long as short
Arcus MU-USD	+0.0240%	1h	1,051.2	−0.011%	$71K	$242K	10x	as long as short
Variational Omni MU	+0.0240%	8h	1,051.5	+0.017%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0258%	8h	1,050.9	−0.041%	$21.6M	$48.4M	20x	as long as short
Binance MUUSDT	+0.0259%	8h	1,051.3	−0.008%	$126.4M	$521.6M	50x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,051.3	−0.009%	$316K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0328%	1h	1,050.7	−0.059%	$565K	$1.1M	10x	as long as short
BloFin MU-USDT	+0.0378%	8h	1,052	+0.061%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0383%	1h	1,051.6	+0.023%	$538K	$306K	15x	as long as short
Bitget MUUSDT	+0.0411%	8h	1,051.3	−0.008%	$20.6M	$41.6M	50x	as long as short
GRVT MU_USDT_Perp	+0.0586%	8h	1,051.7	+0.029%	$83K	$1.3M	10x	as long as short