Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.007%

Price spread now: Aftermath Perps against KuCoin+0.036%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 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 pays, funding is against you. Aftermath Perps is 0.036% dearer against KuCoin than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MUUSDTM	1,030.4	0.0100	pay 0.0100% / 8h	7h 43m	$5.1M	$4.4M	20x
Short	Aftermath Perps MUUSD	1,030.7	0.0024	get 0.0003% / 1h	43m 21s	$3K	$43K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$15.88
Price spread: +0.036% → 0.000%: $3.56
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$33.32
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; Aftermath Perps: 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, 4 min ago	3.01 bp	18.1 bp −$18	34.0 bp −$340	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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
edgeX MUUSDC	−0.0734%	4h	1,030.8	+0.044%	$1.3M	$674K	10x	as long as short
Bitget MUUSDT	−0.0082%	8h	1,030.7	+0.032%	$19.9M	$40.2M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,031.2	+0.077%	$21.1M	$68.7M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,030.7	+0.029%	$121.4M	$542.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,030.7	+0.032%	$18.6M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,030.5	+0.012%	$29.6M	$100.9M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,030.7	+0.032%	$310K	$380K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,030.5	+0.007%	$61.9M	$27.8M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,030.2	−0.014%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,031.3	+0.092%	$72K	$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	1,031.4	+0.103%	$187K	$3.6M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,031.6	+0.116%	$11K	$5.4M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,030.6	+0.016%	$73K	$626K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,030.4	+0.004%	$119K	$492K	50x	as long as short
Aftermath Perps MUUSDshort	+0.0024%	1h	1,030.7	+0.036%	$3K	$43K	10x
QFEX MU-USD	+0.0027%	1h	1,030.8	+0.039%	$6.9M	$18.7M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,030.5	+0.009%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,030.1	−0.030%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.036%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,030	−0.034%	$89K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,030.4	+0.005%	—	$176K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,030	−0.037%	$167K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,030.5	+0.011%	$676K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,029.9	−0.043%	$1.9M	$2.9M	10x	as long as short
Paradex MU-USD-PERP	+0.0057%	8h	1,030.8	+0.042%	$2K	—	5x	as long as short
Lighter MU	+0.0064%	1h	1,030.6	+0.024%	$990K	$4.9M	20x	as long as short
tradeXYZ xyz:MU	+0.0068%	1h	1,030.4	+0.002%	$174.3M	$80.5M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,030.2	−0.018%	$32K	$1K	10x	as long as short
Nado MU-PERP	+0.0085%	1h	1,030.1	−0.031%	$272K	$806K	10x	as long as short
Bullet MU-USD	+0.0093%	1h	1,030.7	+0.031%	$25K	$389K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,030.1	−0.025%	$719K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,030.5	+0.008%	$146K	$194K	10x	as long as short
KuCoin MUUSDTMlong	+0.0100%	8h	1,030.4	long leg	$5.1M	$4.4M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,032	+0.158%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,030.6	+0.017%	$819	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,030.8	+0.039%	$1.5M	$2.2M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,031.9	+0.148%	$528K	$270K	15x	as long as short