Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h 0.000%

Price spread now: Aevo against KuCoin−0.013%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MUUSDTM	1,040.3	0.0100	pay 0.0100% / 8h	2h 02m	$5.2M	$3.8M	20x
Short	Aevo MU-PERP	1,040.1	0.0080	get 0.0010% / 1h	2m 06s	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now −0.013%Rate

Funding earned: −$4.2
Price spread: −0.013% → 0.000%: −$1.34
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$33.54
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 min ago; Aevo: no order-book sample. 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 KuCoin live order book, 6 min ago	3.17 bp	12.6 bp −$13	30.7 bp −$307	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
Bitget MUUSDT	−0.0085%	8h	1,040.7	+0.037%	$20.3M	$41.2M	50x	as long as short
edgeX MUUSDC	−0.0008%	4h	1,041.1	+0.081%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,040.8	+0.049%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,040.4	+0.007%	$122.1M	$536.5M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,040.6	+0.033%	$18.7M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,040.6	+0.030%	$30.0M	$101.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,040.7	+0.042%	$316K	$382K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,040.3	+0.003%	$61.6M	$28.6M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,041.3	+0.102%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,041.6	+0.123%	$84K	$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	1,040.6	+0.028%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042	+0.167%	$11K	$5.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,040	−0.031%	$128K	$442K	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0010%	1h	1,040.4	+0.008%	$74K	$537K	10x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,040.4	+0.014%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0022%	1h	1,040.3	+0.002%	$277K	$816K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,040.6	+0.031%	$7.0M	$18.3M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,040.3	+0.003%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,039.7	−0.052%	$544K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.065%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0039%	1h	1,040.8	+0.047%	$26K	$389K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,040.2	−0.008%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040.9	+0.055%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,040.5	+0.021%	$177.0M	$90.8M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040.4	+0.012%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.3	−0.001%	$683K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,040	−0.023%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,040.6	+0.033%	$2K	—	5x	as long as short
Aevo MU-PERPshort	+0.0080%	1h	1,040.1	−0.013%	$32K	$1K	10x
Pacifica MU	+0.0100%	1h	1,040.3	+0.003%	$148K	$189K	10x	as long as short
KuCoin MUUSDTMlong	+0.0100%	8h	1,040.3	long leg	$5.2M	$3.8M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,040.9	+0.062%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.6	+0.027%	$827	$799	20x	as long as short
Lighter MU	+0.0112%	1h	1,040.4	+0.009%	$1.1M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.9	+0.060%	$1.4M	$2.1M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.414%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,041.2	+0.088%	$533K	$270K	15x	as long as short