Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.005%

Price spread now: Aevo against Paradex−0.027%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.027% cheaper against Paradex than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3.0 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	Paradex MU-USD-PERP	1,044.1	0.0050	pay 0.0050% / 8h	3h 23m	$2K	—	5x
Short	Aevo MU-PERP	1,043.8	0.0080	get 0.0010% / 1h	23m 34s	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now −0.027%Rate

Funding earned: $6.29
Price spread: −0.027% → 0.000%: −$2.69
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$16.4
Costs to cover: 0.200%
Break-even: 25.3 days

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Paradex and 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
edgeX MUUSDC	−0.0396%	4h	1,046.6	+0.240%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,045	+0.086%	$21.2M	$56.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,044.2	+0.012%	$124.3M	$522.0M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,044.3	+0.023%	$18.7M	$31.8M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,043.9	−0.016%	$30.9M	$99.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,044.2	+0.010%	$337K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.9	−0.019%	$62.0M	$27.8M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,044.2	+0.012%	$20.5M	$41.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,045.4	+0.131%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,046.9	+0.267%	$79K	$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	1,045.6	+0.147%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,044.8	+0.066%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,044.2	+0.010%	$73K	$475K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,044.2	+0.012%	$130K	$432K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,045.5	+0.136%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,043.9	−0.019%	$7.0M	$17.9M	10x	as long as short
Lighter MU	+0.0032%	1h	1,044	−0.012%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.9	−0.019%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,043.7	−0.039%	$548K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.698%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,045	+0.091%	$71K	$233K	10x	as long as short
Nado MU-PERP	+0.0041%	1h	1,044.9	+0.079%	$281K	$828K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.1	+0.099%	—	$176K	25x	as long as short
Bullet MU-USD	+0.0046%	1h	1,044.4	+0.031%	$25K	$394K	10x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,043.6	−0.045%	$176.6M	$95.3M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,044.2	+0.012%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,044.4	+0.031%	$685K	$16K	10x	as long as short
Paradex MU-USD-PERPlong	+0.0050%	8h	1,044.1	long leg	$2K	—	5x
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.6	−0.046%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERPshort	+0.0080%	1h	1,043.8	−0.027%	$32K	$1K	10x
Pacifica MU	+0.0100%	1h	1,044	−0.003%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,044.3	+0.021%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.8	+0.166%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,044.8	+0.073%	$831	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,045.6	+0.142%	$752K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,045.5	+0.133%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,045.9	+0.175%	$535K	$271K	15x	as long as short