Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0077%/8h= +8.5% APRpaid last 24h +0.006%

Price spread now: KuCoin against Aftermath Perps−0.060%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on KuCoin

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. KuCoin is 0.060% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MUUSD	1,044.6	0.0023	pay 0.0003% / 1h	20m 22s	$3K	$44K	10x
Short	KuCoin MUUSDTM	1,044	0.0100	get 0.0100% / 8h	3h 20m	$5.2M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aftermath Perps. 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 Aftermath PerpsbpFee KuCoinbpOrdersPrice spread, now −0.060%Rate

Funding earned: $16.25
Price spread: −0.060% → 0.000%: −$5.99
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$10.75
Costs to cover: 0.210%
Break-even: 11.6 days

Slippage unknown: Aftermath Perps: no order-book sample; KuCoin: live order book, 2 min ago. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 2 min ago	2.63 bp	15.9 bp −$16	28.0 bp −$280	doesn't fit	doesn't fit

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	−0.0096%	4h	1,044	−0.059%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,043.9	−0.063%	$21.2M	$56.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,043.7	−0.085%	$123.9M	$522.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,043.9	−0.063%	$18.7M	$31.8M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,044.2	−0.042%	$30.9M	$99.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,044.2	−0.041%	$337K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,044.2	−0.043%	$61.9M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,044.4	−0.024%	$20.5M	$41.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,045.1	+0.044%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,045.6	+0.098%	$79K	$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	+0.037%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.5	+0.278%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,044.8	+0.018%	$130K	$435K	50x	as long as short
Aftermath Perps MUUSDlong	+0.0023%	1h	1,044.6	long leg	$3K	$44K	10x
QFEX MU-USD	+0.0032%	1h	1,043.9	−0.071%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,044.3	−0.030%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,044.4	−0.021%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,043.5	−0.101%	$548K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.648%	$19K	$5K	12x	as long as short
Nado MU-PERP	+0.0037%	1h	1,044.5	−0.012%	$281K	$828K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,044.5	−0.006%	$70K	$233K	10x	as long as short
Bullet MU-USD	+0.0043%	1h	1,044	−0.053%	$25K	$393K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,044.6	−0.001%	—	$176K	25x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0047%	1h	1,045	+0.036%	$73K	$477K	10x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,043.6	−0.095%	$176.6M	$95.3M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,043.8	−0.076%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,044.7	+0.013%	$686K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,044.2	−0.041%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.3	−0.028%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,044.7	+0.013%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,044.4	−0.021%	$147K	$186K	10x	as long as short
KuCoin MUUSDTMshort	+0.0100%	8h	1,044	−0.060%	$5.2M	$3.4M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,044	−0.056%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045	+0.038%	$831	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.8	+0.015%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,045.3	+0.065%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,044.9	+0.029%	$534K	$271K	15x	as long as short