Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.023%

Price spread now: Gate against Aftermath Perps+0.010%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 4 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MUUSD	1,037.9	0.0018	pay 0.0002% / 1h	12m 43s	$3K	$44K	10x
Short	Gate MU_USDT	1,038	0	get 0.0000% / 8h	12m 43s	$61.5M	$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 +0.010%Rate

Funding earned: −$3.85
Price spread: +0.010% → 0.000%: $0.98
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: −$26.87
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Gate: live order book, 1 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, 1 min ago	1.01 bp	11.3 bp −$11	15.4 bp −$154	34.8 bp −$3,485	62.3 bp −$31.1K

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	−0.0799%	4h	1,038.2	+0.026%	$1.3M	$674K	10x	as long as short
Bitget MUUSDT	−0.0156%	8h	1,038.4	+0.042%	$20.2M	$40.0M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.3	+0.040%	$21.2M	$66.9M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.2	+0.024%	$122.3M	$538.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.3	+0.036%	$18.8M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038	+0.003%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.3	+0.038%	$313K	$384K	20x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,038	+0.010%	$61.5M	$28.4M	75x
Variational Omni MU	0.0000%	8h	1,038	+0.006%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.4	+0.043%	$71K	$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	1,038.3	+0.035%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.2	+0.222%	$11K	$5.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.4	+0.048%	$74K	$617K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.4	+0.048%	$126K	$482K	50x	as long as short
Bullet MU-USD	+0.0008%	1h	1,038.6	+0.066%	$25K	$388K	10x	as long as short
Nado MU-PERP	+0.0016%	1h	1,038.3	+0.040%	$280K	$805K	10x	as long as short
Aftermath Perps MUUSDlong	+0.0018%	1h	1,037.9	long leg	$3K	$44K	10x
QFEX MU-USD	+0.0021%	1h	1,038.5	+0.051%	$7.0M	$18.7M	10x	as long as short
Lighter MU	+0.0032%	1h	1,038.2	+0.029%	$1.0M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.2	+0.023%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.6	−0.030%	$545K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.294%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.9	−0.008%	$90K	$245K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.6	+0.061%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.9	−0.003%	$176.3M	$81.5M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.3	+0.036%	$169K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.4	+0.045%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,038	+0.011%	$1.9M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,038.1	+0.018%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.2	+0.024%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.3	+0.040%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.8	−0.008%	$144K	$192K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038	+0.005%	$5.2M	$4.1M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038	+0.004%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.6	+0.060%	$826	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.7	+0.075%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.9	+0.094%	$531K	$270K	15x	as long as short