Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.030%

Price spread now: HTX against Aevo+0.021%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 HTX

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. HTX is 0.021% dearer against Aevo than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MU-PERP	1,036.9	0.0080	pay 0.0010% / 1h	32m 16s	$32K	$1K	10x
Short	HTX MU-USDT	1,037.1	0	get 0.0000% / 8h	32m 16s	$126K	$481K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$16.8
Price spread: +0.021% → 0.000%: $2.12
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$42.68
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; HTX: live order book, 6 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 HTX live order book, 6 min ago	3.47 bp	9.5 bp −$9	9.5 bp −$95	16.7 bp −$1,674	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	−0.0248%	4h	1,037.9	+0.099%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0177%	8h	1,037.6	+0.064%	$20.2M	$40.0M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,037.8	+0.083%	$21.2M	$65.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.5	+0.052%	$122.0M	$538.5M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037.4	+0.049%	$18.7M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,037.5	+0.054%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,037.7	+0.080%	$313K	$385K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.2	+0.025%	$61.4M	$28.3M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.7	+0.075%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.4	+0.139%	$71K	$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	1,037.9	+0.094%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039	+0.198%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,037.2	+0.024%	$74K	$609K	10x	as long as short
HTX MU-USDTshort	0.0000%	8h	1,037.1	+0.021%	$126K	$481K	50x
Bullet MU-USD	+0.0014%	1h	1,037.6	+0.066%	$25K	$390K	10x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,037.4	+0.050%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0020%	1h	1,037.3	+0.039%	$280K	$806K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,037.3	+0.034%	$7.0M	$18.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,037.4	+0.044%	$1.0M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.4	+0.042%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036.7	−0.021%	$545K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.393%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.4	+0.041%	$90K	$245K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,037.5	+0.053%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.1	+0.017%	$176.3M	$82.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.3	+0.037%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,037.2	+0.024%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.1	+0.015%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,037.5	+0.058%	$2K	—	5x	as long as short
Aevo MU-PERPlong	+0.0080%	1h	1,036.9	long leg	$32K	$1K	10x
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,037.6	+0.063%	$725K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.5	+0.061%	$147K	$188K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.3	+0.033%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.6	+0.159%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.2	+0.030%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,037.7	+0.071%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.2	+0.123%	$531K	$270K	15x	as long as short