Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1046%/8h= +114.6% APRpaid last 24h −0.052%

Price spread now: KuCoin against edgeX+0.113%68s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.504% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.683%−$68 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.113%, 7d avg −0.006%

Together, before fees−0.700%+ Points / potential airdropedgeX: Active · farm board−$70 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and KuCoin is 0.120% dearer against edgeX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.006%. Mind the row above: over the last 7 days funding on this pair cost −0.683%, so the current rate has only just turned in your favour. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.683% in total (about -35.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MUUSDC	1,047	−0.0946	get 0.0473% / 4h	3h 52m	$1.3M	$671K	10x
Short	KuCoin MUUSDTM	1,048.1	0.0100	get 0.0100% / 8h	7h 52m	$5.3M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against edgeX. 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 edgeXbpFee KuCoinbpOrdersPrice spread, now +0.113%Rate

Funding earned: $219.69
Price spread: +0.113% → −0.006%: $11.98
Slippage, 4 orders: −$29.36
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $181.3
Costs to cover: 0.504%
Break-even: 1.2 days

Slippage from edgeX: live order book, 2 min ago; KuCoin: live order book, 6 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 edgeX live order book, 2 min ago	0.29 bp	4.9 bp −$5	6.9 bp −$69	29.3 bp −$2,930	doesn't fit
Sell KuCoin live order book, 6 min ago	2.10 bp	11.7 bp −$12	36.6 bp −$366	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 MUUSDClong	−0.0946%	4h	1,047	long leg	$1.3M	$671K	10x
Gate MU_USDT	0.0000%	8h	1,048.4	+0.140%	$63.2M	$28.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,047.4	+0.047%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.2	+0.310%	$11K	$6.3M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.5	+0.148%	$62K	$292K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.2	+0.114%	$130K	$418K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,046.8	−0.018%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,048.7	+0.165%	$1.1M	$4.7M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,048.6	+0.157%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.359%	$14K	$251	12x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MU-USD-PERP	+0.0046%	1h	1,049.2	+0.217%	—	$194K	25x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.6	+0.063%	$2.0M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,048.5	+0.145%	$7.8M	$23.4M	10x	as long as short
Nado MU-PERP	+0.0072%	1h	1,048.2	+0.120%	$272K	$859K	10x	as long as short
OKX MU-USDT-SWAP	+0.0089%	8h	1,048.9	+0.183%	$30.9M	$101.5M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048	+0.103%	$153K	$180K	10x	as long as short
KuCoin MUUSDTMshort	+0.0100%	8h	1,048.1	+0.113%	$5.3M	$3.7M	20x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.6	+0.157%	$834	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0106%	8h	1,048.6	+0.160%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,048.4	+0.139%	$32K	$1K	10x	as long as short
Variational Omni MU	+0.0168%	8h	1,048.2	+0.115%	$2.7M	$2.5M	—	as long as short
Bitget MUUSDT	+0.0169%	8h	1,048.7	+0.169%	$20.6M	$41.4M	50x	as long as short
Aster MUUSD1	+0.0182%	8h	1,048.2	+0.116%	$21.6M	$47.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	+0.134%	$759K	$1.3M	10x	as long as short
Binance MUUSDT	+0.0188%	8h	1,048.7	+0.169%	$125.7M	$524.5M	50x	as long as short
GRVT MU_USDT_Perp	+0.0195%	8h	1,048	+0.097%	$82K	$1.4M	10x	as long as short
Arcus MU-USD	+0.0240%	1h	1,047.7	+0.067%	$71K	$243K	10x	as long as short
Bybit MUUSDT	+0.0256%	8h	1,049	+0.192%	$19.2M	$32.4M	100x	as long as short
SoDEX MU-USD	+0.0264%	1h	1,048.7	+0.163%	$688K	$16K	10x	as long as short
BloFin MU-USDT	+0.0307%	8h	1,048.6	+0.156%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,048.7	+0.169%	$315K	$339K	20x	as long as short
Phoenix MU	+0.0383%	1h	1,048.9	+0.186%	$536K	$306K	15x	as long as short
ApeX Omni MUUSDT	+0.0451%	1h	1,048.3	+0.132%	$71K	$267K	50x	as long as short
Polymarket Perps MU-USD	+0.0517%	1h	1,048.6	+0.157%	$170K	$202K	10x	as long as short
Extended MU_24_5-USD	+0.0592%	1h	1,048.3	+0.124%	$550K	$1.0M	10x	as long as short
Bullet MU-USD	+0.0759%	1h	1,048.9	+0.182%	$26K	$394K	10x	as long as short
tradeXYZ xyz:MU	+0.0825%	1h	1,048.7	+0.167%	$178.5M	$100.9M	10x	as long as short