Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against KuCoin+0.134%52s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as 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−$630.633% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 3 days (all we have)−0.101%−$10 · spread now +0.134%, 7d avg +0.040%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.094% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.040%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MUUSDTM	1,050.6	0.0100	pay 0.0100% / 8h	7h 24m	$5.3M	$3.5M	20x
Short	ApeX Omni MUUSDT	1,052	0.0100	get 0.0013% / 1h	24m 34s	$71K	$267K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.134%Rate

Funding earned: $0
Price spread: +0.134% → +0.040%: $9.4
Slippage, 4 orders: −$41.28
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$53.88
Costs to cover: 0.633%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; ApeX Omni: live order book, 47 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 KuCoin live order book, 3 min ago	3.52 bp	12.1 bp −$12	514.0 bp −$5,140	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 47 min ago	7.41 bp	19.7 bp −$20	176.7 bp −$1,767	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	−0.0576%	4h	1,052.5	+0.188%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.5	−0.007%	$62.8M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.3	−0.021%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.6	+0.194%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.1	+0.048%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.8	+0.026%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,050.4	−0.012%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.5	−0.001%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.077%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.4	+0.084%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,051	+0.043%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.7	−0.082%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,050.5	−0.010%	$7.7M	$22.0M	10x	as long as short
Nado MU-PERP	+0.0085%	1h	1,049.7	−0.083%	$274K	$857K	10x	as long as short
Paradex MU-USD-PERP	+0.0092%	8h	1,050.5	−0.005%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,050.6	+0.007%	$148K	$186K	10x	as long as short
KuCoin MUUSDTMlong	+0.0100%	8h	1,050.6	long leg	$5.3M	$3.5M	20x
ApeX Omni MUUSDTshort	+0.0100%	1h	1,052	+0.134%	$71K	$267K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.4	+0.082%	$836	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0104%	8h	1,050.5	−0.010%	$30.9M	$101.8M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,051	+0.044%	$32K	$1K	10x	as long as short
SoDEX MU-USD	+0.0139%	1h	1,051.2	+0.063%	$690K	$16K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	−0.208%	$759K	$1.2M	10x	as long as short
Bybit MUUSDT	+0.0197%	8h	1,050.6	+0.008%	$19.4M	$32.6M	100x	as long as short
Bullet MU-USD	+0.0224%	1h	1,051.4	+0.083%	$26K	$396K	10x	as long as short
Variational Omni MU	+0.0224%	8h	1,051.7	+0.105%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0235%	8h	1,050.6	0.000%	$21.6M	$48.3M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0235%	1h	1,051.1	+0.054%	$64K	$304K	10x	as long as short
Binance MUUSDT	+0.0237%	8h	1,050.5	−0.005%	$126.0M	$522.5M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,051.1	+0.050%	$71K	$243K	10x	as long as short
tradeXYZ xyz:MU	+0.0252%	1h	1,050.5	−0.005%	$178.3M	$100.3M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,050.4	−0.011%	$316K	$339K	20x	as long as short
BloFin MU-USDT	+0.0355%	8h	1,051.3	+0.069%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0377%	8h	1,050.1	−0.048%	$20.6M	$41.6M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.2	−0.033%	$537K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0400%	1h	1,049.8	−0.069%	$570K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0551%	8h	1,052.6	+0.193%	$83K	$1.3M	10x	as long as short