Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.016%

Price spread now: Bitget against Aevo+0.006%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bitget

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: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MU-PERP	1,042.5	0.0088	pay 0.0011% / 1h	32m 08s	$33K	—	10x
Short	Bitget MUUSDT	1,042.6	0.0037	get 0.0037% / 8h	3h 32m	$20.4M	$42.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aevo. 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 AevobpFee BitgetbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$10.71
Price spread: +0.006% → 0.000%: $0.58
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$38.13
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bitget: live order book, 2 min ago. 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 Aevo no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	0.05 bp	7.9 bp −$8	9.7 bp −$97	doesn't fit	doesn't fit

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	−0.0614%	4h	1,042.3	−0.017%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,042.9	+0.042%	$21.4M	$32.1M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,042.6	+0.010%	$30.9M	$103.6M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,042.5	−0.001%	$63.0M	$28.6M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,041.8	−0.066%	$2.7M	$2.7M	—	as long as short
StandX MU-USD	0.0000%	1h	1,042.6	+0.014%	$188K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,044.3	+0.169%	$11K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042.4	−0.006%	$125K	$438K	50x	as long as short
Binance MUUSDT	+0.0012%	8h	1,042.8	+0.032%	$124.5M	$536.4M	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,042	−0.043%	$3K	$44K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,042.5	+0.002%	$1.1M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.789%	$14K	$302	12x	as long as short
Bitget MUUSDTshort	+0.0037%	8h	1,042.6	+0.006%	$20.4M	$42.6M	50x
BloFin MU-USDT	+0.0041%	8h	1,042.9	+0.042%	$1.5M	$2.0M	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,042.6	+0.007%	—	$193K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,042.2	−0.028%	$165K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,042.6	+0.010%	$684K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042.2	−0.028%	$2.0M	$2.6M	10x	as long as short
GRVT MU_USDT_Perp	+0.0052%	8h	1,042.3	−0.017%	$81K	$1.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0053%	1h	1,042.2	−0.028%	$177.7M	$99.9M	10x	as long as short
QFEX MU-USD	+0.0057%	1h	1,042.9	+0.043%	$7.8M	$23.9M	10x	as long as short
Paradex MU-USD-PERP	+0.0065%	8h	1,042.8	+0.030%	$2K	—	5x	as long as short
Bybit MUUSDT	+0.0072%	8h	1,042.9	+0.036%	$18.8M	$31.9M	100x	as long as short
Aevo MU-PERPlong	+0.0088%	1h	1,042.5	long leg	$33K	—	10x
Pacifica MU	+0.0100%	1h	1,042	−0.048%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,042.3	−0.016%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,042.8	+0.025%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,042.7	+0.021%	$829	$799	20x	as long as short
RISEx MU/USDC	+0.0126%	1h	1,042.7	+0.024%	$287K	$333K	20x	as long as short
Lighter MU	+0.0128%	1h	1,042.7	+0.022%	$958K	$4.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,041.8	−0.065%	$755K	$1.8M	10x	as long as short
Bullet MU-USD	+0.0164%	1h	1,042.6	+0.011%	$25K	$398K	10x	as long as short
Nado MU-PERP	+0.0172%	1h	1,041.9	−0.053%	$333K	$815K	10x	as long as short
Arcus MU-USD	+0.0182%	1h	1,042.4	−0.012%	$63K	$236K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0268%	1h	1,042.6	+0.013%	$54K	$162K	10x	as long as short
Extended MU_24_5-USD	+0.0288%	1h	1,041.8	−0.067%	$526K	$997K	10x	as long as short
Phoenix MU	+0.0306%	1h	1,041.9	−0.057%	$533K	$266K	15x	as long as short