Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h −0.009%

Price spread now: KuCoin against Arcus−0.003%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.003%, 7d avg +0.001%

Together, before fees−0.046%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MU-USD	1,048.3	0.0040	pay 0.0005% / 1h	45m 36s	$71K	$233K	10x
Short	KuCoin MUUSDTM	1,048.3	0.0100	get 0.0100% / 8h	3h 45m	$5.3M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Arcus. 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 ArcusbpFee KuCoinbpOrdersPrice spread, now −0.003%Rate

Funding earned: $12.54
Price spread: −0.003% → +0.001%: −$0.37
Slippage, 4 orders: −$33.75
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$38.07
Costs to cover: 0.502%
Break-even: 28.2 days

Slippage from Arcus: live order book, 8 min ago; KuCoin: live order book, 2 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 Arcus live order book, 8 min ago	2.38 bp	9.6 bp −$10	12.5 bp −$125	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	2.96 bp	14.4 bp −$14	26.5 bp −$265	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	−0.0933%	4h	1,048.6	+0.029%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,048.7	+0.042%	$21.4M	$55.8M	20x	as long as short
Bybit MUUSDT	0.0000%	8h	1,047.8	−0.046%	$19.0M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,047.8	−0.051%	$31.1M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,048	−0.031%	$338K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,047.7	−0.056%	$62.3M	$27.6M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,047.9	−0.038%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,048.6	+0.025%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,048	−0.031%	$82K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,048.5	+0.014%	$190K	$3.4M	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	1,049.5	+0.109%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.1	−0.016%	$130K	$431K	50x	as long as short
Binance MUUSDT	+0.0001%	8h	1,047.8	−0.047%	$125.5M	$517.7M	50x	as long as short
BloFin MU-USDT	+0.0014%	8h	1,048.4	+0.010%	$1.5M	$2.0M	20x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,048.5	+0.017%	$3K	$44K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0027%	1h	1,048.3	−0.003%	$73K	$463K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,047.6	−0.064%	$7.1M	$17.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,048.1	−0.017%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,048.1	−0.016%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,046.9	−0.132%	$553K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.291%	$19K	$5K	12x	as long as short
Arcus MU-USDlong	+0.0040%	1h	1,048.3	long leg	$71K	$233K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,048.9	+0.057%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,047.9	−0.039%	$177.7M	$97.4M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,047.3	−0.096%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,048.5	+0.013%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.4	−0.085%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,047.5	−0.073%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0054%	1h	1,048	−0.025%	$282K	$830K	10x	as long as short
Bullet MU-USD	+0.0065%	1h	1,048.8	+0.047%	$26K	$394K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,048.2	−0.006%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,048.2	−0.008%	$148K	$185K	10x	as long as short
KuCoin MUUSDTMshort	+0.0100%	8h	1,048.3	−0.003%	$5.3M	$3.4M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,048.1	−0.022%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.6	+0.030%	$834	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.164%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,048.5	+0.018%	$536K	$271K	15x	as long as short