Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.031%

Price spread now: Gate against Aevo+0.022%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 Gate

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 pays, funding is against you. Gate is 0.022% dearer against Aevo than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MU-PERP	1,049.7	0.0112	pay 0.0014% / 1h	27m 08s	$32K	$1K	10x
Short	Gate MU_USDT	1,050	0	get 0.0000% / 8h	5h 27m	$62.0M	$27.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.022%Rate

Funding earned: −$23.52
Price spread: +0.022% → 0.000%: $2.23
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.29
Costs to cover: 0.310%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Gate: 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 Gate live order book, 2 min ago	0.62 bp	9.3 bp −$9	15.7 bp −$157	33.1 bp −$3,311	59.4 bp −$29.7K

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	−0.0521%	4h	1,050.6	+0.080%	$1.3M	$670K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.3	+0.056%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.3	+0.058%	$333K	$348K	20x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,050	+0.022%	$62.0M	$27.5M	75x
GRVT MU_USDT_Perp	0.0000%	8h	1,050.6	+0.086%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.2	+0.049%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.9	+0.202%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.9	+0.013%	$67K	$374K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050	+0.022%	$129K	$429K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050.1	+0.032%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MU-USDT-SWAP	+0.0022%	8h	1,050.1	+0.034%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,049.9	+0.017%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050	+0.025%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.156%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.5	−0.018%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.2	+0.043%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051	+0.125%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,050.2	+0.043%	$1.1M	$4.9M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.8	+0.007%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050	+0.022%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.8	+0.010%	$1.9M	$2.3M	10x	as long as short
Nado MU-PERP	+0.0055%	1h	1,049.9	+0.013%	$282K	$848K	10x	as long as short
Paradex MU-USD-PERP	+0.0056%	8h	1,050.1	+0.039%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0059%	1h	1,049.8	+0.007%	$178.0M	$99.2M	10x	as long as short
Aster MUUSD1	+0.0068%	8h	1,050.3	+0.053%	$21.4M	$52.6M	20x	as long as short
Bullet MU-USD	+0.0071%	1h	1,050.1	+0.036%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	+0.020%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.1	+0.033%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050	+0.029%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.102%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050	+0.027%	$835	$799	20x	as long as short
Variational Omni MU	+0.0111%	8h	1,050.9	+0.113%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERPlong	+0.0112%	1h	1,049.7	long leg	$32K	$1K	10x
Bitget MUUSDT	+0.0125%	8h	1,050.1	+0.037%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDT	+0.0133%	8h	1,050.1	+0.038%	$126.5M	$518.8M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.6	+0.083%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0253%	8h	1,050.1	+0.038%	$1.5M	$2.0M	20x	as long as short