MU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0083%/8h= −9.1% APRnext payment −$0.83 per $10,000 · paid last 24h −0.004%

Price spread now: Bybit against KuCoin+0.049%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.049%, 7d avg +0.041%

Together, before fees−0.143%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: −$2 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	1,050.3	0.0100	pay 0.0100% / 8h	5h 52m	$5.3M	$3.4M	20x
Short	Bybit MUUSDT	1,050.9	0.0017	get 0.0017% / 8h	5h 52m	$19.2M	$32.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$17.49
Price spread: +0.049% → +0.041%: $0.73
Slippage, 4 orders: −$18.14
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$57.9
Costs to cover: 0.411%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bybit: live order book, 1 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	2.71 bp	11.5 bp −$11	484.8 bp −$4,848	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.62 bp	9.5 bp −$9	10.9 bp −$109	27.2 bp −$2,722	doesn't fit

MU on 36 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	−0.0453%	4h	1,050.4	+0.010%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.8	+0.045%	$333K	$349K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.5	+0.015%	$62.1M	$27.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050	−0.037%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052	+0.156%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.4	+0.007%	$129K	$427K	50x	as long as short
Bybit MUUSDTshort	+0.0017%	8h	1,050.9	+0.049%	$19.2M	$32.4M	100x
Aftermath Perps MUUSD	+0.0018%	1h	1,050.2	−0.017%	$3K	$45K	10x	as long as short
GRVT MU_USDT_Perp	+0.0020%	8h	1,050.7	+0.037%	$79K	$1.3M	10x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.3	0.000%	$7.3M	$18.5M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,050.3	−0.008%	$1.2M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.7	−0.061%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.097%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.2	−0.013%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAP	+0.0042%	8h	1,050.7	+0.037%	$31.0M	$100.2M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.2	+0.077%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.4	+0.006%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.4	+0.008%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.9	−0.046%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0060%	8h	1,050.7	+0.030%	$2K	—	5x	as long as short
Lighter MU	+0.0096%	1h	1,050.7	+0.031%	$1.1M	$4.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.038%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.4	+0.004%	$149K	$187K	10x	as long as short
KuCoin MUUSDTMlong	+0.0100%	8h	1,050.3	long leg	$5.3M	$3.4M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,050.9	+0.051%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.5	+0.016%	$835	$799	20x	as long as short
Nado MU-PERP	+0.0107%	1h	1,050	−0.032%	$280K	$850K	10x	as long as short
Aster MUUSD1	+0.0114%	8h	1,050.3	−0.003%	$21.5M	$52.1M	20x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,050.2	−0.016%	$32K	$1K	10x	as long as short
tradeXYZ xyz:MU	+0.0138%	1h	1,050.4	+0.006%	$178.3M	$99.2M	10x	as long as short
Variational Omni MU	+0.0148%	8h	1,050.2	−0.012%	$2.7M	$2.3M	—	as long as short
Deribit MU_USDC-PERPETUAL	+0.0160%	1h	1,050.1	−0.020%	$66K	$352K	10x	as long as short
Bullet MU-USD	+0.0164%	1h	1,050.6	+0.025%	$26K	$397K	10x	as long as short
Binance MUUSDT	+0.0167%	8h	1,050.6	+0.021%	$126.5M	$520.2M	50x	as long as short
Bitget MUUSDT	+0.0171%	8h	1,050.5	+0.016%	$20.6M	$41.2M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.7	+0.034%	$537K	$271K	15x	as long as short