Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.012%
Price spread now: KuCoin against Extended+0.038%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$410.407% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.015%−$1 on $10k
Price spread, last 7 days−0.021%−$2 · spread now +0.038%, 7d avg +0.015%
Together, before fees−0.035%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.023% dearer against Extended than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended MU_24_5-USD1,028.50.0032pay 0.0004% / 1h37m 44s$543K$1.1M10x
ShortKuCoin MUUSDTM1,028.90.0100get 0.0100% / 8h7h 37m$5.1M$4.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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

Funding earned
$14.28
Price spread: +0.038% → +0.015%
$2.31
Slippage, 4 orders
−$23.73
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$24.14
Costs to cover
0.407%
Break-even
18.8 days
Slippage from Extended: live order book, just now; KuCoin: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, just now0.05 bp3.5 bp −$411.0 bp −$110doesn't fitdoesn't fit
Sell KuCoin live order book, 10 min ago3.01 bp15.1 bp −$1525.8 bp −$258doesn't fitdoesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0357%4h1,029.7+0.122%$1.3M$672K10xas long as short
Bitget MUUSDT−0.0069%8h1,029.8+0.129%$19.9M$40.3M50xas long as short
Aster MUUSD10.0000%8h1,029.6+0.103%$21.0M$68.9M20xas long as short
Binance MUUSDT0.0000%8h1,029.6+0.110%$121.3M$543.5M50xas long as short
Bybit MUUSDT0.0000%8h1,029.5+0.097%$18.6M$32.2M100xas long as short
OKX MU-USDT-SWAP0.0000%8h1,029.7+0.120%$29.4M$101.1M50xas long as short
RISEx MU/USDC0.0000%1h1,029+0.054%$309K$376K20xas long as short
Gate MU_USDT0.0000%8h1,029.3+0.080%$61.7M$27.9M75xas long as short
Variational Omni MU0.0000%8h1,029.4+0.085%$2.5M$2.6Mas long as short
GRVT MU_USDT_Perp0.0000%8h1,030.7+0.215%$72K$1.4M10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX MU-USD0.0000%1h1,029.1+0.059%$186K$3.6M20xas long as short
SunX MU-USDT0.0000%8h1,030.5+0.197%$11K$5.4M10xas long as short
HTX MU-USDT0.0000%8h1,029.1+0.060%$119K$488K50xas long as short
Aftermath Perps MUUSD+0.0025%1h1,029.5+0.102%$3K$43K10xas long as short
QFEX MU-USD+0.0027%1h1,029.2+0.064%$6.9M$18.8M10xas long as short
Lighter RH MU+0.0032%1h1,029.4+0.089%$1.1M$4.4M10xas long as short
Extended MU_24_5-USDlong+0.0032%1h1,028.5long leg$543K$1.1M10x
Injective MU/USDC PERP+0.0033%1h1,051.4+2.224%$19K$5K12xas long as short
Arcus MU-USD+0.0040%1h1,028.7+0.020%$89K$244K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,028.8+0.034%$176K25xas long as short
Polymarket Perps MU-USD+0.0050%1h1,028.9+0.040%$166K$177K10xas long as short
SoDEX MU-USD+0.0050%1h1,029+0.046%$675K$15K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,028.5+0.001%$1.8M$2.9M10xas long as short
Lighter MU+0.0056%1h1,029.5+0.102%$988K$4.9M20xas long as short
Paradex MU-USD-PERP+0.0056%8h1,028.8+0.027%$2K5xas long as short
Nado MU-PERP+0.0069%1h1,028.7+0.024%$262K$811K10xas long as short
tradeXYZ xyz:MU+0.0071%1h1,029.4+0.088%$174.1M$79.4M10xas long as short
Bullet MU-USD+0.0079%1h1,029.4+0.091%$25K$388K10xas long as short
Aevo MU-PERP+0.0080%1h1,028.8+0.034%$32K$1K10xas long as short
Deribit MU_USDC-PERPETUAL+0.0080%1h1,029.1+0.056%$72K$628K10xas long as short
Coinbase International MU-PERP-INTX+0.0096%1h1,030.1+0.158%$719K$1.1M10xas long as short
Pacifica MU+0.0100%1h1,028.9+0.039%$146K$194K10xas long as short
KuCoin MUUSDTMshort+0.0100%8h1,028.9+0.038%$5.1M$4.5M20x
ApeX Omni MUUSDT+0.0100%1h1,028.8+0.032%$70K$270K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,028.9+0.043%$818$79920xas long as short
BloFin MU-USDT+0.0120%8h1,029.4+0.089%$1.5M$2.2M20xas long as short
Phoenix MU+0.0231%1h1,029.9+0.137%$527K$270K15xas long as short