Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.021%

Price spread now: Aevo against OKX−0.083%7-day average — · you buy dearer than you sell

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

Long on OKX 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 0.083% cheaper against OKX than usual: you would sell low and buy high (spread −0.083% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 8.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MU-USDT-SWAP	1,051.5	0.0105	pay 0.0105% / 8h	7h 22m	$30.9M	$101.8M	50x
Short	Aevo MU-PERP	1,050.6	0.0136	get 0.0017% / 1h	22m 43s	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now −0.083%Rate

Funding earned: $6.55
Price spread: −0.083% → 0.000%: −$8.31
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$27.76
Costs to cover: 0.260%
Break-even: 36.7 days

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	0.05 bp	5.4 bp −$5	7.1 bp −$71	22.8 bp −$2,277	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 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	−0.0040%	4h	1,051.4	−0.007%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,051	−0.048%	$62.8M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.3	−0.108%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.1	+0.062%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.4	−0.101%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.5	−0.094%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,051	−0.042%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.010%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,051.4	−0.010%	$1.1M	$4.8M	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.3	−0.020%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,050.3	−0.111%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.5	−0.188%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,050.4	−0.105%	$7.7M	$22.0M	10x	as long as short
Nado MU-PERP	+0.0085%	1h	1,049.9	−0.153%	$274K	$858K	10x	as long as short
Paradex MU-USD-PERP	+0.0091%	8h	1,050.2	−0.124%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,050.3	−0.107%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.4	−0.106%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	+0.047%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.9	−0.050%	$835	$799	20x	as long as short
OKX MU-USDT-SWAPlong	+0.0105%	8h	1,051.5	long leg	$30.9M	$101.8M	50x
SoDEX MU-USD	+0.0106%	1h	1,050.7	−0.075%	$690K	$16K	10x	as long as short
Aevo MU-PERPshort	+0.0136%	1h	1,050.6	−0.083%	$32K	$1K	10x
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	−0.296%	$759K	$1.2M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0188%	1h	1,050.8	−0.061%	$64K	$305K	10x	as long as short
Bybit MUUSDT	+0.0208%	8h	1,051.6	+0.014%	$19.5M	$32.7M	100x	as long as short
Bullet MU-USD	+0.0217%	1h	1,051	−0.045%	$26K	$395K	10x	as long as short
Variational Omni MU	+0.0224%	8h	1,051.7	+0.017%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0238%	8h	1,050.5	−0.092%	$21.6M	$48.3M	20x	as long as short
Binance MUUSDT	+0.0238%	8h	1,051.3	−0.013%	$126.1M	$522.6M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,050.8	−0.068%	$71K	$243K	10x	as long as short
tradeXYZ xyz:MU	+0.0244%	1h	1,051.1	−0.035%	$178.4M	$100.3M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,050.5	−0.095%	$316K	$339K	20x	as long as short
BloFin MU-USDT	+0.0356%	8h	1,051.1	−0.035%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0378%	8h	1,051.3	−0.018%	$20.6M	$41.6M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.9	−0.054%	$538K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0384%	1h	1,050.1	−0.126%	$567K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0550%	8h	1,051.5	+0.003%	$83K	$1.3M	10x	as long as short