Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0023%/8hpaid last 24h −0.042%

Price spread now: Aevo against Paradex+0.034%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Aevo

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 0.034% dearer against Paradex than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MU-USD-PERP	1,046.6	0.0057	pay 0.0057% / 8h	4h 21m	$2K	—	5x
Short	Aevo MU-PERP	1,047	0.0080	get 0.0010% / 1h	21m 49s	$34K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now +0.034%Rate

Funding earned: $4.88
Price spread: +0.034% → 0.000%: $3.42
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$11.7
Costs to cover: 0.200%
Break-even: 23.8 days

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Paradex and 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	−0.0425%	4h	1,046.9	+0.025%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,047.9	+0.120%	$21.5M	$26.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,048	+0.135%	$125.7M	$519.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,047.8	+0.115%	$19.0M	$31.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,047.5	+0.087%	$30.9M	$101.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,046.8	+0.014%	$288K	$331K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,047.2	+0.055%	$63.7M	$28.0M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,046.4	−0.025%	$2.7M	$2.7M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,046.8	+0.014%	$83K	$1.2M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,046.4	−0.017%	$189K	$3.0M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MU-USDT	0.0000%	8h	1,048.6	+0.187%	$11K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,046.8	+0.014%	$125K	$443K	50x	as long as short
Bitget MUUSDT	+0.0023%	8h	1,047.3	+0.064%	$20.1M	$41.0M	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,047.6	+0.092%	$1.1M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.391%	$14K	$302	12x	as long as short
Arcus MU-USD	+0.0041%	1h	1,046.3	−0.035%	$63K	$235K	10x	as long as short
QFEX MU-USD	+0.0045%	1h	1,046.6	−0.002%	$7.9M	$23.5M	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,047.2	+0.050%	—	$190K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,046.8	+0.017%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,046.9	+0.023%	$687K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045.7	−0.093%	$1.9M	$2.6M	10x	as long as short
Paradex MU-USD-PERPlong	+0.0057%	8h	1,046.6	long leg	$2K	—	5x
Lighter MU	+0.0072%	1h	1,047.9	+0.122%	$974K	$4.7M	20x	as long as short
Aevo MU-PERPshort	+0.0080%	1h	1,047	+0.034%	$34K	—	10x
Bullet MU-USD	+0.0084%	1h	1,047.2	+0.059%	$25K	$397K	10x	as long as short
Extended MU_24_5-USD	+0.0088%	1h	1,046.7	+0.011%	$526K	$1.0M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046.6	−0.004%	$153K	$179K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,046.7	+0.010%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,046.8	+0.012%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,047.2	+0.059%	$833	$799	20x	as long as short
tradeXYZ xyz:MU	+0.0114%	1h	1,047.5	+0.084%	$179.0M	$98.5M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,046.3	−0.031%	$769K	$1.7M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,046.5	−0.012%	$1.5M	$2.0M	20x	as long as short
Nado MU-PERP	+0.0131%	1h	1,045.8	−0.077%	$335K	$797K	10x	as long as short
Aftermath Perps MUUSD	+0.0168%	1h	1,046.7	+0.004%	$3K	$44K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0304%	1h	1,047	+0.040%	$55K	$150K	10x	as long as short
Phoenix MU	+0.0305%	1h	1,045.6	−0.098%	$529K	$219K	15x	as long as short