Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.005%

Price spread now: Aevo against Bybit−0.052%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 0.052% cheaper against Bybit than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 33 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MUUSDT	1,050.2	0	get 0.0000% / 8h	6h 14m	$19.2M	$32.6M	100x
Short	Aevo MU-PERP	1,049.6	0.0128	get 0.0016% / 1h	14m 57s	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.052%Rate

Funding earned: $26.88
Price spread: −0.052% → 0.000%: −$5.21
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$5.33
Costs to cover: 0.270%
Break-even: 8.4 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.33 bp	6.8 bp −$7	11.0 bp −$110	32.4 bp −$3,239	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 36 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	−0.0876%	4h	1,049.5	−0.064%	$1.3M	$672K	10x	as long as short
Nado MU-PERP	−0.0005%	1h	1,049.6	−0.053%	$277K	$854K	10x	as long as short
Bybit MUUSDTlong	0.0000%	8h	1,050.2	long leg	$19.2M	$32.6M	100x
Gate MU_USDT	0.0000%	8h	1,049.9	−0.029%	$62.0M	$27.7M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.6	−0.050%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050.1	−0.009%	$25K	$394K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.1	+0.093%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.7	−0.045%	$66K	$341K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.1	−0.007%	$129K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,049.6	−0.058%	$3K	$45K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,049.8	−0.035%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.8	−0.032%	$1.1M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.3	−0.077%	$567K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,049.8	−0.036%	$7.4M	$19.3M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.7	−0.049%	$71K	$236K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.7	+0.050%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049.7	−0.044%	$178.1M	$99.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.7	−0.044%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.8	−0.034%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.8	−0.128%	$1.9M	$2.3M	10x	as long as short
OKX MU-USDT-SWAP	+0.0050%	8h	1,050	−0.012%	$30.8M	$100.5M	50x	as long as short
GRVT MU_USDT_Perp	+0.0056%	8h	1,049.8	−0.033%	$81K	$1.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0061%	8h	1,050	−0.014%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,049.5	−0.061%	$148K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.8	−0.039%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.9	−0.029%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050	−0.014%	$835	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.114%	$19K	$5K	12x	as long as short
Aevo MU-PERPshort	+0.0128%	1h	1,049.6	−0.052%	$32K	$1K	10x
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.3	+0.011%	$757K	$1.2M	10x	as long as short
Aster MUUSD1	+0.0149%	8h	1,050	−0.011%	$21.6M	$51.7M	20x	as long as short
Variational Omni MU	+0.0171%	8h	1,049.8	−0.034%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0190%	8h	1,050.1	−0.008%	$126.4M	$523.3M	50x	as long as short
Bitget MUUSDT	+0.0227%	8h	1,050.1	−0.009%	$20.6M	$41.9M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,050.2	+0.004%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,050.2	0.000%	$334K	$348K	20x	as long as short