Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%

Price spread now: KuCoin against ApeX Omni−0.004%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 3 days (all we have)−0.035%−$3 · spread now −0.004%, 7d avg −0.040%

Together, before fees−0.040%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.036% dearer against ApeX Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MUUSDT	1,045.6	0.0100	pay 0.0013% / 1h	39m 01s	$71K	$266K	50x
Short	KuCoin MUUSDTM	1,045.6	0.0100	get 0.0100% / 8h	39m 01s	$5.2M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. 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 ApeX OmnibpFee KuCoinbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → −0.040%: $3.59
Slippage, 4 orders: −$42.07
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$60.48
Costs to cover: 0.641%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 38 min ago; KuCoin: live order book, 4 min ago.

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 ApeX Omni live order book, 38 min ago	7.38 bp	19.5 bp −$20	180.5 bp −$1,805	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	3.15 bp	13.5 bp −$14	37.7 bp −$377	doesn't fit	doesn't fit

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	−0.0600%	4h	1,046	+0.041%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.9	+0.024%	$63.0M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.5	−0.010%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048	+0.230%	$11K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.8	+0.014%	$124K	$444K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.9	+0.025%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.489%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0034%	1h	1,045.7	+0.006%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.2	+0.061%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.9	+0.029%	$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
SoDEX MU-USD	+0.0050%	1h	1,045.9	+0.024%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045.2	−0.040%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0080%	1h	1,046	+0.036%	$7.9M	$23.9M	10x	as long as short
OKX MU-USDT-SWAP	+0.0082%	8h	1,046	+0.033%	$30.8M	$105.3M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,046.1	+0.044%	$153K	$182K	10x	as long as short
KuCoin MUUSDTMshort	+0.0100%	8h	1,045.6	−0.004%	$5.2M	$3.9M	20x
ApeX Omni MUUSDTlong	+0.0100%	1h	1,045.6	long leg	$71K	$266K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046	+0.038%	$832	$799	20x	as long as short
Bitget MUUSDT	+0.0136%	8h	1,046	+0.033%	$20.5M	$43.6M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,045.9	+0.027%	$33K	—	10x	as long as short
Lighter MU	+0.0144%	1h	1,045.8	+0.019%	$1.0M	$4.8M	20x	as long as short
Paradex MU-USD-PERP	+0.0146%	8h	1,046.1	+0.052%	$2K	—	5x	as long as short
Aster MUUSD1	+0.0174%	8h	1,046.6	+0.095%	$21.6M	$47.3M	20x	as long as short
Variational Omni MU	+0.0202%	8h	1,046.1	+0.045%	$2.6M	$2.5M	—	as long as short
Bullet MU-USD	+0.0208%	1h	1,046	+0.038%	$24K	$395K	10x	as long as short
Binance MUUSDT	+0.0213%	8h	1,045.9	+0.027%	$124.9M	$533.1M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.5	−0.012%	$757K	$1.3M	10x	as long as short
Nado MU-PERP	+0.0231%	1h	1,045.4	−0.016%	$270K	$877K	10x	as long as short
GRVT MU_USDT_Perp	+0.0255%	8h	1,046.3	+0.070%	$82K	$1.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0278%	1h	1,045.9	+0.029%	$176.7M	$105.0M	10x	as long as short
Bybit MUUSDT	+0.0285%	8h	1,046.2	+0.055%	$19.2M	$32.6M	100x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0286%	1h	1,045.9	+0.030%	$62K	$261K	10x	as long as short
BloFin MU-USDT	+0.0333%	8h	1,046.1	+0.052%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0460%	1h	1,046.4	+0.077%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.8	+0.016%	$74K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.4	+0.077%	$317K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0664%	1h	1,045.2	−0.038%	$540K	$1.1M	10x	as long as short