Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0035%/8h= +3.9% APRpaid last 24h +0.014%

Price spread now: Aftermath Perps against Bitget−0.094%46s7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Aftermath Perps

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

Funding pays, the price is against you. Aftermath Perps is 0.094% cheaper against Bitget than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 8.9 days of funding at the current rate (+$1 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MUUSDT	1,026.6	−0.0006	get 0.0006% / 8h	7h 23m	$19.7M	$41.1M	50x
Short	Aftermath Perps MUUSD	1,025.6	0.0029	get 0.0004% / 1h	23m 29s	$3K	$43K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bitget. 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 BitgetbpFee Aftermath PerpsbpOrdersPrice spread, now −0.094%Rate

Funding earned: $7.4
Price spread: −0.094% → 0.000%: −$9.42
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$23.02
Costs to cover: 0.210%
Break-even: 28.8 days

Slippage unknown: Bitget: live order book, 5 min ago; Aftermath Perps: 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 Bitget live order book, 5 min ago	0.39 bp	8.0 bp −$8	8.3 bp −$83	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

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	−0.0955%	4h	1,025.2	−0.127%	$1.3M	$695K	10x	as long as short
Bitget MUUSDTlong	−0.0006%	8h	1,026.6	long leg	$19.7M	$41.1M	50x
Aster MUUSD1	0.0000%	8h	1,026.8	+0.026%	$21.0M	$69.1M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,026.2	−0.031%	$121.6M	$549.0M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,026.7	+0.017%	$18.6M	$32.4M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,026.4	−0.018%	$29.1M	$102.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,026.5	−0.004%	$292K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,026.2	−0.034%	$61.6M	$28.3M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,024.7	−0.178%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,025.4	−0.113%	$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	1,025.9	−0.063%	$185K	$3.6M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,027	+0.041%	$11K	$5.3M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,026.8	+0.024%	$118K	$494K	50x	as long as short
QFEX MU-USD	+0.0027%	1h	1,026.6	+0.001%	$6.9M	$18.9M	10x	as long as short
Aftermath Perps MUUSDshort	+0.0029%	1h	1,025.6	−0.094%	$3K	$43K	10x
Lighter RH MU	+0.0032%	1h	1,026.4	−0.017%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,025.7	−0.087%	$541K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.417%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,026.1	−0.046%	$89K	$243K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,025.7	−0.087%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,025.1	−0.141%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,025.9	−0.061%	$673K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,025.5	−0.107%	$1.9M	$3.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0064%	8h	1,026.6	+0.009%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,026.3	−0.025%	$32K	$1K	10x	as long as short
Lighter MU	+0.0088%	1h	1,026.6	+0.004%	$995K	$5.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,024.5	−0.200%	$716K	$1.1M	10x	as long as short
tradeXYZ xyz:MU	+0.0098%	1h	1,026.5	−0.005%	$173.6M	$78.8M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,026.5	−0.004%	$145K	$194K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,025.8	−0.070%	$5.1M	$4.7M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,025.8	−0.074%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,026	−0.056%	$816	$799	20x	as long as short
Nado MU-PERP	+0.0101%	1h	1,025.8	−0.071%	$264K	$814K	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,025.3	−0.125%	$1.5M	$2.2M	20x	as long as short
Bullet MU-USD	+0.0137%	1h	1,026.7	+0.015%	$25K	$388K	10x	as long as short
Phoenix MU	+0.0231%	1h	1,025	−0.151%	$525K	$270K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0559%	1h	1,026.7	+0.012%	$72K	$629K	10x	as long as short