Funding arb · Price arb /

MU

RWAall MU markets

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: Aevo against Gate−0.020%7-day average — · you buy dearer than you sell

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

Long on Gate 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 0.020% cheaper against Gate than usual: you would sell low and buy high (spread −0.020% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 14 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,050.2	0	get 0.0000% / 8h	5h 26m	$62.0M	$27.5M	75x
Short	Aevo MU-PERP	1,049.9	0.0112	get 0.0014% / 1h	26m 16s	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now −0.020%Rate

Funding earned: $23.52
Price spread: −0.020% → 0.000%: −$2
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$9.48
Costs to cover: 0.310%
Break-even: 9.8 days

Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago	0.62 bp	13.3 bp −$13	16.6 bp −$166	40.3 bp −$4,034	78.4 bp −$39.2K
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 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	+0.039%	$1.3M	$670K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.4	+0.022%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.5	+0.030%	$333K	$348K	20x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,050.2	long leg	$62.0M	$27.5M	75x
GRVT MU_USDT_Perp	0.0000%	8h	1,050.6	+0.045%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,049.8	−0.030%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.1	+0.183%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.1	−0.010%	$67K	$375K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050	−0.019%	$129K	$429K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050	−0.012%	$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	+0.0021%	8h	1,050.3	+0.013%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050	−0.012%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.1	−0.008%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.114%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.6	−0.058%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.1	−0.010%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.1	+0.088%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,050.3	+0.010%	$1.1M	$4.9M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050	−0.015%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.3	+0.009%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.8	−0.031%	$1.9M	$2.3M	10x	as long as short
Nado MU-PERP	+0.0054%	1h	1,049.9	−0.026%	$282K	$848K	10x	as long as short
Paradex MU-USD-PERP	+0.0056%	8h	1,050.2	+0.006%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0059%	1h	1,050.1	−0.006%	$178.1M	$99.2M	10x	as long as short
Aster MUUSD1	+0.0066%	8h	1,050.3	+0.013%	$21.4M	$52.7M	20x	as long as short
Bullet MU-USD	+0.0068%	1h	1,050.3	+0.016%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.021%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.2	+0.004%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.1	−0.006%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.061%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.2	+0.006%	$835	$799	20x	as long as short
Variational Omni MU	+0.0111%	8h	1,050.9	+0.071%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERPshort	+0.0112%	1h	1,049.9	−0.020%	$32K	$1K	10x
Bitget MUUSDT	+0.0121%	8h	1,050.4	+0.018%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDT	+0.0130%	8h	1,050.3	+0.015%	$126.5M	$518.7M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.6	+0.042%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0253%	8h	1,050.1	−0.003%	$1.5M	$2.0M	20x	as long as short