Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h −0.022%

Price spread now: Gate against Aftermath Perps+0.244%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 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 0.244% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.244% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 39 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MUUSD	1,048.1	0.0021	pay 0.0003% / 1h	49m 02s	$3K	$45K	10x
Short	Gate MU_USDT	1,050.7	0	get 0.0000% / 8h	7h 49m	$63.3M	$28.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aftermath Perps. 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 Aftermath PerpsbpFee GatebpOrdersPrice spread, now +0.244%Rate

Funding earned: −$4.42
Price spread: +0.244% → 0.000%: $24.41
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$4.01
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; Gate: live order book, 5 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	0.62 bp	9.4 bp −$9	15.4 bp −$154	35.3 bp −$3,529	55.5 bp −$27.8K

Aftermath Perps: 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	−0.0156%	4h	1,048.4	+0.023%	$1.3M	$672K	10x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,050.7	+0.244%	$63.3M	$28.4M	75x
StandX MU-USD	0.0000%	1h	1,049	+0.079%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.9	+0.360%	$11K	$6.3M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.8	+0.255%	$130K	$424K	50x	as long as short
Aftermath Perps MUUSDlong	+0.0021%	1h	1,048.1	long leg	$3K	$45K	10x
Lighter MU	+0.0032%	1h	1,050.8	+0.258%	$1.1M	$4.7M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.8	+0.251%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.247%	$14K	$251	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.9	+0.269%	—	$195K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.5	+0.130%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,050.1	+0.193%	$7.8M	$23.3M	10x	as long as short
Nado MU-PERP	+0.0061%	1h	1,049.8	+0.162%	$272K	$859K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0064%	1h	1,050.4	+0.217%	$63K	$294K	10x	as long as short
OKX MU-USDT-SWAP	+0.0092%	8h	1,051.8	+0.351%	$30.9M	$101.9M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,049.8	+0.162%	$152K	$177K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.7	+0.153%	$5.3M	$3.7M	20x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.1	+0.184%	$835	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0103%	8h	1,050.2	+0.202%	$2K	—	5x	as long as short
Bybit MUUSDT	+0.0116%	8h	1,051.8	+0.354%	$19.3M	$32.5M	100x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,050.2	+0.200%	$32K	$1K	10x	as long as short
Variational Omni MU	+0.0177%	8h	1,049.9	+0.172%	$2.7M	$2.4M	—	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,049.5	+0.132%	$760K	$1.3M	10x	as long as short
Aster MUUSD1	+0.0188%	8h	1,049.9	+0.174%	$21.6M	$47.8M	20x	as long as short
Binance MUUSDT	+0.0195%	8h	1,051.7	+0.338%	$126.0M	$526.0M	50x	as long as short
Bitget MUUSDT	+0.0205%	8h	1,050.7	+0.247%	$20.6M	$41.4M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,048.8	+0.067%	$71K	$243K	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,050.4	+0.220%	$316K	$339K	20x	as long as short
Polymarket Perps MU-USD	+0.0314%	1h	1,050.4	+0.217%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0314%	1h	1,050.5	+0.229%	$689K	$16K	10x	as long as short
BloFin MU-USDT	+0.0315%	8h	1,050.8	+0.254%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0383%	1h	1,050.3	+0.208%	$537K	$306K	15x	as long as short
ApeX Omni MUUSDT	+0.0518%	1h	1,049.3	+0.113%	$71K	$267K	50x	as long as short
GRVT MU_USDT_Perp	+0.0533%	8h	1,048.8	+0.061%	$83K	$1.4M	10x	as long as short
Bullet MU-USD	+0.0543%	1h	1,050.6	+0.240%	$26K	$394K	10x	as long as short
Extended MU_24_5-USD	+0.0544%	1h	1,050	+0.183%	$556K	$1.1M	10x	as long as short
tradeXYZ xyz:MU	+0.0565%	1h	1,050.5	+0.227%	$178.2M	$101.4M	10x	as long as short