Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.030%

Price spread now: Gate against Aevo+0.033%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 Gate

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. Gate is 0.033% dearer against Aevo than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MU-PERP	1,037.6	0.0080	pay 0.0010% / 1h	29m 17s	$32K	$1K	10x
Short	Gate MU_USDT	1,037.9	0	get 0.0000% / 8h	1h 29m	$61.6M	$28.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.033%Rate

Funding earned: −$16.8
Price spread: +0.033% → 0.000%: $3.3
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$44.5
Costs to cover: 0.310%
Break-even: never at this rate

Slippage unknown: Aevo: 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 Aevo no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	0.77 bp	11.5 bp −$11	16.9 bp −$169	33.8 bp −$3,382	61.7 bp −$30.9K

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	−0.0853%	4h	1,037.1	−0.046%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0214%	8h	1,038.2	+0.064%	$20.2M	$40.3M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.4	+0.083%	$21.2M	$59.1M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038	+0.041%	$121.6M	$537.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.1	+0.048%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038	+0.045%	$29.9M	$100.0M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,037.8	+0.026%	$314K	$387K	20x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,037.9	+0.033%	$61.6M	$28.5M	75x
Variational Omni MU	0.0000%	8h	1,037.4	−0.020%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.6	+0.004%	$73K	$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	+0.036%	$188K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,038.1	+0.050%	$26K	$389K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.6	+0.195%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,037.7	+0.011%	$74K	$563K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037.4	−0.014%	$128K	$441K	50x	as long as short
Nado MU-PERP	+0.0001%	1h	1,037.9	+0.034%	$278K	$815K	10x	as long as short
Aftermath Perps MUUSD	+0.0014%	1h	1,036.5	−0.098%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,038.5	+0.092%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.2	+0.059%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.7	+0.010%	$540K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,037.9	+0.036%	$7.0M	$18.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.329%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037	−0.052%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,037.9	+0.031%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.8	+0.022%	$176.3M	$88.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.8	+0.022%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038	+0.037%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037	−0.058%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,038.2	+0.061%	$2K	—	5x	as long as short
Aevo MU-PERPlong	+0.0080%	1h	1,037.6	long leg	$32K	$1K	10x
Pacifica MU	+0.0100%	1h	1,037.9	+0.034%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038	+0.042%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.2	−0.040%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.9	+0.031%	$825	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.149%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,037.6	+0.002%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,037.8	+0.022%	$531K	$270K	15x	as long as short