Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0729%/8h= +79.8% APRpaid last 24h +0.016%

Price spread now: Aevo against edgeX+0.064%48s7-day average — · you sell dearer than you buy

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

Long on edgeX 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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Aevo is 0.064% dearer against edgeX than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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	edgeX MUUSDC	1,044.1	−0.0649	get 0.0324% / 4h	3h 15m	$1.3M	$673K	10x
Short	Aevo MU-PERP	1,044.8	0.0080	get 0.0010% / 1h	15m 25s	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against edgeX. 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 edgeXbpFee AevobpOrdersPrice spread, now +0.064%Rate

Funding earned: $153.07
Price spread: +0.064% → 0.000%: $6.41
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: $134.48
Costs to cover: 0.250%
Break-even: 0.9 days

Slippage unknown: edgeX: 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 edgeX live order book, 3 min ago	0.29 bp	4.9 bp −$5	6.5 bp −$65	29.0 bp −$2,895	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 MUUSDClong	−0.0649%	4h	1,044.1	long leg	$1.3M	$673K	10x
Aster MUUSD1	0.0000%	8h	1,045.3	+0.114%	$21.2M	$56.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,045.3	+0.112%	$124.1M	$523.1M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,045.6	+0.142%	$18.7M	$31.8M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,045.2	+0.104%	$30.9M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,045.1	+0.097%	$337K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.1	+0.097%	$62.0M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,045.2	+0.106%	$20.5M	$41.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,045.2	+0.099%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,045.3	+0.117%	$83K	$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	1,045	+0.086%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.5	+0.322%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.1	+0.091%	$130K	$435K	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0008%	1h	1,045	+0.085%	$73K	$481K	10x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,044.7	+0.052%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,045	+0.079%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,044.9	+0.077%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,044.8	+0.064%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,044.4	+0.028%	$548K	$1.1M	10x	as long as short
Nado MU-PERP	+0.0033%	1h	1,044.6	+0.044%	$282K	$830K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.693%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0040%	1h	1,045.4	+0.120%	$26K	$392K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,044.4	+0.024%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.7	+0.151%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,045	+0.084%	$176.7M	$95.5M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045	+0.084%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,044.9	+0.077%	$686K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,045.1	+0.098%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.2	−0.085%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERPshort	+0.0080%	1h	1,044.8	+0.064%	$32K	$1K	10x
Pacifica MU	+0.0100%	1h	1,044.7	+0.056%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,044.7	+0.059%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.6	+0.142%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045	+0.082%	$831	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.6	+0.046%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,045.3	+0.111%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,044.2	+0.007%	$534K	$271K	15x	as long as short