Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.030%

Price spread now: Aevo against SunX−0.213%57s7-day average — · you buy dearer than you sell

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

Long on SunX 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—needs both histories

Funding pays, the price is against you. Aevo is 0.213% cheaper against SunX than usual: you would sell low and buy high (spread −0.213% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 5.2 days of funding at the current rate (+$4 a day). The two prices were read 57 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	SunX MU-USDT	1,048.2	0	get 0.0000% / 8h	41m 20s	$11K	$6.6M	10x
Short	Aevo MU-PERP	1,046	0.0136	get 0.0017% / 1h	41m 20s	$33K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now −0.213%Rate

Funding earned: $28.56
Price spread: −0.213% → 0.000%: −$21.26
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$16.7
Costs to cover: 0.240%
Break-even: 11.1 days

Slippage unknown: SunX: live order book, 7 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 SunX live order book, 7 min ago	21.55 bp	25.5 bp −$26	doesn't fit	doesn't fit	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 MUUSDC	−0.0060%	4h	1,046.2	−0.195%	$1.3M	$674K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.9	−0.222%	$63.0M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.7	−0.246%	$189K	$3.3M	20x	as long as short
SunX MU-USDTlong	0.0000%	8h	1,048.2	long leg	$11K	$6.6M	10x
HTX MU-USDT	0.0000%	8h	1,045.8	−0.232%	$124K	$445K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.9	−0.225%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.236%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0035%	1h	1,045.7	−0.247%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046	−0.213%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.6	−0.252%	$166K	$197K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,045.4	−0.271%	$2.0M	$2.7M	10x	as long as short
SoDEX MU-USD	+0.0066%	1h	1,046	−0.214%	$686K	$16K	10x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.9	−0.220%	$7.8M	$24.0M	10x	as long as short
OKX MU-USDT-SWAP	+0.0081%	8h	1,046	−0.213%	$30.8M	$105.3M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,045.4	−0.270%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.5	−0.263%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,046.3	−0.183%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046	−0.212%	$832	$799	20x	as long as short
Bitget MUUSDT	+0.0136%	8h	1,046	−0.212%	$20.5M	$43.6M	50x	as long as short
Aevo MU-PERPshort	+0.0136%	1h	1,046	−0.213%	$33K	—	10x
Paradex MU-USD-PERP	+0.0149%	8h	1,046	−0.213%	$2K	—	5x	as long as short
Lighter MU	+0.0168%	1h	1,045.9	−0.225%	$1.0M	$4.8M	20x	as long as short
Aster MUUSD1	+0.0172%	8h	1,046.5	−0.167%	$21.6M	$47.3M	20x	as long as short
Variational Omni MU	+0.0200%	8h	1,046.3	−0.186%	$2.6M	$2.5M	—	as long as short
Binance MUUSDT	+0.0213%	8h	1,046.1	−0.204%	$124.9M	$533.3M	50x	as long as short
Bullet MU-USD	+0.0221%	1h	1,046	−0.209%	$25K	$395K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.5	−0.259%	$757K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0238%	1h	1,045.3	−0.282%	$270K	$876K	10x	as long as short
GRVT MU_USDT_Perp	+0.0256%	8h	1,046.3	−0.182%	$82K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0285%	8h	1,046.3	−0.181%	$19.2M	$32.6M	100x	as long as short
tradeXYZ xyz:MU	+0.0289%	1h	1,046	−0.214%	$176.8M	$105.8M	10x	as long as short
BloFin MU-USDT	+0.0333%	8h	1,046.2	−0.195%	$1.5M	$2.0M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0439%	1h	1,045.9	−0.221%	$62K	$260K	10x	as long as short
Phoenix MU	+0.0460%	1h	1,046.6	−0.156%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.6	−0.248%	$74K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.4	−0.176%	$317K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0688%	1h	1,045.1	−0.295%	$540K	$1.1M	10x	as long as short