Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.029%

Price spread now: Aevo against SunX−0.152%7-day average — · you buy dearer than you sell

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

Long on SunX 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 0.152% cheaper against SunX than usual: you would sell low and buy high (spread −0.152% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 6.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MU-USDT	1,031.3	0	get 0.0000% / 8h	7h 47m	$11K	$5.4M	10x
Short	Aevo MU-PERP	1,029.7	0.0080	get 0.0010% / 1h	47m 11s	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now −0.152%Rate

Funding earned: $16.8
Price spread: −0.152% → 0.000%: −$15.24
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$22.44
Costs to cover: 0.240%
Break-even: 16.4 days

Slippage unknown: SunX: live order book, 12 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 SunX live order book, 12 min ago	56.58 bp	60.6 bp −$61	doesn't fit	doesn't fit	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 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	−0.0134%	4h	1,031.6	+0.024%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0095%	8h	1,030	−0.130%	$19.8M	$40.0M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,030.5	−0.084%	$21.1M	$68.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,029.7	−0.158%	$121.3M	$541.8M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,030.2	−0.112%	$18.6M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,029.9	−0.141%	$29.6M	$100.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,030.6	−0.069%	$310K	$380K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,030	−0.124%	$61.9M	$27.8M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,032.2	+0.088%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,031.9	+0.052%	$72K	$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	1,031.2	−0.012%	$186K	$3.6M	20x	as long as short
SunX MU-USDTlong	0.0000%	8h	1,031.3	long leg	$11K	$5.4M	10x
HTX MU-USDT	0.0000%	8h	1,029.7	−0.153%	$119K	$492K	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,031.6	+0.029%	$3K	$43K	10x	as long as short
QFEX MU-USD	+0.0027%	1h	1,030.4	−0.088%	$6.9M	$18.7M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,029.9	−0.143%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,029.8	−0.152%	$550K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.943%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,030	−0.124%	$89K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,029.9	−0.141%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,029.6	−0.167%	$167K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,030.1	−0.122%	$676K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,030.2	−0.107%	$1.9M	$2.8M	10x	as long as short
tradeXYZ xyz:MU	+0.0055%	1h	1,029.7	−0.157%	$174.5M	$80.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0055%	8h	1,030.6	−0.070%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,030.2	−0.112%	$994K	$4.9M	20x	as long as short
Bullet MU-USD	+0.0078%	1h	1,030.1	−0.123%	$25K	$390K	10x	as long as short
Aevo MU-PERPshort	+0.0080%	1h	1,029.7	−0.152%	$32K	$1K	10x
Nado MU-PERP	+0.0085%	1h	1,029.8	−0.147%	$272K	$806K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,030.8	−0.055%	$720K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,030.6	−0.067%	$146K	$194K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,029.7	−0.157%	$5.1M	$4.3M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,030.9	−0.037%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,030.1	−0.123%	$819	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,030.4	−0.088%	$1.5M	$2.2M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,030.5	−0.080%	$527K	$270K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0255%	1h	1,030.1	−0.117%	$73K	$624K	10x	as long as short