Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0335%/8h= +36.6% APRpaid last 24h −0.004%

Price spread now: Arcus against KuCoin+0.085%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on KuCoin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.069%+$7 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.085%, 7d avg −0.002%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Arcus is 0.087% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.002%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.069% in total (about 7.5% 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	KuCoin MUUSDTM	1,042.5	0.0100	pay 0.0100% / 8h	1h 48m	$5.2M	$3.9M	20x
Short	Arcus MU-USD	1,043.4	0.0435	get 0.0054% / 1h	48m 04s	$63K	$230K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.085%Rate

Funding earned: $70.27
Price spread: +0.085% → −0.002%: $8.7
Slippage, 4 orders: −$24.7
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $37.77
Costs to cover: 0.412%
Break-even: 3.2 days

Slippage from KuCoin: live order book, 5 min ago; Arcus: live order book, 35 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, 5 min ago	3.36 bp	11.6 bp −$12	33.3 bp −$333	doesn't fit	doesn't fit
Sell Arcus live order book, 35 min ago	3.02 bp	8.7 bp −$9	9.6 bp −$96	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	−0.0180%	4h	1,043.7	+0.114%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.4	+0.086%	$62.8M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,043	+0.047%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,045.2	+0.261%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.3	+0.080%	$125K	$441K	50x	as long as short
OKX MU-USDT-SWAP	+0.0001%	8h	1,043.3	+0.083%	$30.7M	$104.5M	50x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,043.4	+0.090%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.9	+0.046%	$1.1M	$4.2M	10x	as long as short
Aster MUUSD1	+0.0032%	8h	1,043.8	+0.130%	$21.5M	$47.0M	20x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.791%	$14K	$302	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	1,043.1	+0.065%	—	$193K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,043.3	+0.081%	$165K	$180K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,043.3	+0.084%	$685K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042.8	+0.034%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0071%	1h	1,043.7	+0.117%	$7.8M	$24.2M	10x	as long as short
Bitget MUUSDT	+0.0079%	8h	1,043.3	+0.076%	$20.4M	$43.0M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,043.2	+0.066%	$154K	$182K	10x	as long as short
KuCoin MUUSDTMlong	+0.0100%	8h	1,042.5	long leg	$5.2M	$3.9M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,043.6	+0.111%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.4	+0.090%	$830	$799	20x	as long as short
Variational Omni MU	+0.0105%	8h	1,043.7	+0.120%	$2.6M	$2.7M	—	as long as short
Aevo MU-PERP	+0.0112%	1h	1,043.2	+0.068%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0116%	8h	1,043.5	+0.103%	$2K	—	5x	as long as short
Binance MUUSDT	+0.0128%	8h	1,043.5	+0.096%	$124.9M	$537.6M	50x	as long as short
Lighter MU	+0.0176%	1h	1,043.1	+0.057%	$1.0M	$4.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,043.8	+0.130%	$756K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0186%	1h	1,042.6	+0.016%	$303K	$849K	10x	as long as short
GRVT MU_USDT_Perp	+0.0192%	8h	1,043.7	+0.123%	$82K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0202%	8h	1,043.5	+0.095%	$19.1M	$32.5M	100x	as long as short
Bullet MU-USD	+0.0242%	1h	1,043.5	+0.100%	$26K	$399K	10x	as long as short
BloFin MU-USDT	+0.0247%	8h	1,044	+0.147%	$1.5M	$2.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0343%	1h	1,043.1	+0.061%	$176.2M	$107.1M	10x	as long as short
Phoenix MU	+0.0383%	1h	1,044.3	+0.177%	$534K	$306K	15x	as long as short
Arcus MU-USDshort	+0.0435%	1h	1,043.4	+0.085%	$63K	$230K	10x
RISEx MU/USDC	+0.0499%	1h	1,044.1	+0.153%	$285K	$333K	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0527%	1h	1,043.1	+0.059%	$60K	$240K	10x	as long as short
Extended MU_24_5-USD	+0.0600%	1h	1,042.6	+0.015%	$540K	$1.1M	10x	as long as short