MU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.009%

Price spread now: Bitget against KuCoin+0.005%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$430.433% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 7 days+0.054%+$5 · spread now +0.005%, 7d avg +0.053%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.048% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.053%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MUUSDTM	1,045.6	0.0100	pay 0.0100% / 8h	3h 26m	$5.2M	$3.4M	20x
Short	Bitget MUUSDT	1,045.7	0	get 0.0000% / 8h	3h 26m	$20.5M	$41.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$21
Price spread: +0.005% → +0.053%: −$4.84
Slippage, 4 orders: −$19.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$69.16
Costs to cover: 0.433%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Bitget: live order book, 3 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, 1 min ago	3.87 bp	14.4 bp −$14	32.4 bp −$324	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.05 bp	7.1 bp −$7	8.5 bp −$85	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	−0.0080%	4h	1,046.5	+0.085%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,046.1	+0.049%	$21.3M	$56.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,045.7	+0.009%	$124.4M	$521.1M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,045.9	+0.025%	$18.8M	$31.8M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,045.5	−0.009%	$31.0M	$99.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,045.7	+0.007%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.5	−0.007%	$62.1M	$27.8M	75x	as long as short
Bitget MUUSDTshort	0.0000%	8h	1,045.7	+0.005%	$20.5M	$41.5M	50x
Variational Omni MU	0.0000%	8h	1,046.8	+0.110%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,046.9	+0.120%	$79K	$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	1,047.2	+0.148%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046	+0.034%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,045.3	−0.029%	$73K	$475K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.9	+0.033%	$130K	$432K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,045.9	+0.030%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,045.2	−0.042%	$7.1M	$17.9M	10x	as long as short
Lighter MU	+0.0032%	1h	1,045.5	−0.010%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.5	−0.012%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,045	−0.053%	$549K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.551%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,046.2	+0.055%	$71K	$233K	10x	as long as short
Nado MU-PERP	+0.0042%	1h	1,045.4	−0.022%	$281K	$828K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.4	+0.078%	—	$176K	25x	as long as short
Bullet MU-USD	+0.0049%	1h	1,045.7	+0.009%	$25K	$394K	10x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,045.4	−0.019%	$177.0M	$96.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.4	−0.019%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,045.5	−0.011%	$686K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,045.6	+0.002%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045.9	+0.029%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,045.1	−0.047%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.6	+0.003%	$147K	$186K	10x	as long as short
KuCoin MUUSDTMlong	+0.0100%	8h	1,045.6	long leg	$5.2M	$3.4M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,046.6	+0.091%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.8	+0.016%	$831	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,045.6	−0.005%	$752K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,046.1	+0.043%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,046.4	+0.077%	$535K	$271K	15x	as long as short