Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.022%

Price spread now: Aftermath Perps against HTX−0.132%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 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 0.132% cheaper against HTX than usual: you would sell low and buy high (spread −0.132% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 20 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	HTX MU-USDT	1,048.2	0	get 0.0000% / 8h	7h 51m	$130K	$418K	50x
Short	Aftermath Perps MUUSD	1,046.8	0.0022	get 0.0003% / 1h	51m 35s	$3K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against HTX. 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 HTXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.132%Rate

Funding earned: $4.56
Price spread: −0.132% → 0.000%: −$13.19
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$29.63
Costs to cover: 0.210%
Break-even: 52.4 days

Slippage unknown: HTX: live order book, 22 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 HTX live order book, 22 min ago	1.72 bp	10.3 bp −$10	14.8 bp −$148	20.1 bp −$2,006	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	−0.0156%	4h	1,048.4	+0.021%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.6	+0.134%	$63.2M	$28.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,047.9	−0.027%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.2	+0.196%	$11K	$6.3M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.5	+0.033%	$62K	$292K	10x	as long as short
HTX MU-USDTlong	0.0000%	8h	1,048.2	long leg	$130K	$418K	50x
Aftermath Perps MUUSDshort	+0.0022%	1h	1,046.8	−0.132%	$3K	$44K	10x
Lighter MU	+0.0032%	1h	1,049.7	+0.149%	$1.1M	$4.7M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.7	+0.145%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.244%	$14K	$251	12x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MU-USD-PERP	+0.0046%	1h	1,050.1	+0.190%	—	$195K	25x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049	+0.077%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,049.6	+0.142%	$7.8M	$23.3M	10x	as long as short
Nado MU-PERP	+0.0066%	1h	1,049.2	+0.103%	$271K	$859K	10x	as long as short
OKX MU-USDT-SWAP	+0.0089%	8h	1,049.5	+0.125%	$30.9M	$101.5M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,049.3	+0.108%	$154K	$180K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,048.8	+0.066%	$5.3M	$3.7M	20x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.6	+0.043%	$834	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0105%	8h	1,049.7	+0.144%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,048.4	+0.025%	$32K	$1K	10x	as long as short
Variational Omni MU	+0.0168%	8h	1,048.2	0.000%	$2.7M	$2.5M	—	as long as short
Bitget MUUSDT	+0.0178%	8h	1,049.5	+0.133%	$20.6M	$41.4M	50x	as long as short
Aster MUUSD1	+0.0182%	8h	1,049	+0.085%	$21.6M	$47.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	+0.019%	$759K	$1.3M	10x	as long as short
Binance MUUSDT	+0.0191%	8h	1,049.7	+0.145%	$125.8M	$523.9M	50x	as long as short
Bybit MUUSDT	+0.0232%	8h	1,049.7	+0.152%	$19.3M	$32.5M	100x	as long as short
Arcus MU-USD	+0.0240%	1h	1,048	−0.016%	$71K	$243K	10x	as long as short
SoDEX MU-USD	+0.0264%	1h	1,048.7	+0.049%	$688K	$16K	10x	as long as short
BloFin MU-USDT	+0.0307%	8h	1,048.6	+0.042%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,049.6	+0.138%	$316K	$339K	20x	as long as short
Phoenix MU	+0.0383%	1h	1,048.9	+0.072%	$536K	$306K	15x	as long as short
Polymarket Perps MU-USD	+0.0517%	1h	1,048.6	+0.043%	$170K	$202K	10x	as long as short
GRVT MU_USDT_Perp	+0.0533%	8h	1,048.8	+0.058%	$83K	$1.4M	10x	as long as short
Extended MU_24_5-USD	+0.0592%	1h	1,049.1	+0.088%	$547K	$1.0M	10x	as long as short
ApeX Omni MUUSDT	+0.0705%	1h	1,047.7	−0.039%	$71K	$267K	50x	as long as short
Bullet MU-USD	+0.0759%	1h	1,048.9	+0.068%	$26K	$394K	10x	as long as short
tradeXYZ xyz:MU	+0.0759%	1h	1,049.4	+0.119%	$178.5M	$101.0M	10x	as long as short