Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.012%

Price spread now: Deribit against KuCoin+0.022%7-day average +0.017% · 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−$53as in the Price arb table

costs, in and out, $10k−$540.539% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.022%, 7d avg +0.017%

Together, before fees−0.040%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: +$1 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	1,041.3	0.0100	pay 0.0100% / 8h	2h 06m	$5.2M	$3.8M	20x
Short	Deribit MU_USDC-PERPETUAL	1,041.6	0.0125	get 0.0016% / 1h	6m 52s	$74K	$532K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.022%Rate

Funding earned: $5.16
Price spread: +0.022% → +0.017%: $0.48
Slippage, 4 orders: −$34.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$48.28
Costs to cover: 0.539%
Break-even: 72.5 days

Slippage from KuCoin: live order book, 1 min ago; Deribit: live order book, 42 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	3.17 bp	12.6 bp −$13	30.7 bp −$307	doesn't fit	doesn't fit
Sell Deribit live order book, 42 min ago	3.65 bp	9.4 bp −$9	13.4 bp −$134	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	−0.0827%	4h	1,040.2	−0.110%	$1.3M	$671K	10x	as long as short
Bitget MUUSDT	−0.0119%	8h	1,041.7	+0.031%	$20.3M	$41.2M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,041.7	+0.034%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,041.6	+0.029%	$122.2M	$536.3M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,041.6	+0.028%	$18.7M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,041.3	−0.007%	$30.0M	$101.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,041.7	+0.039%	$316K	$382K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,041.4	+0.006%	$61.7M	$28.6M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,040.3	−0.099%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,040.7	−0.056%	$84K	$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	1,041.3	−0.003%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,043.1	+0.166%	$11K	$5.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,041.3	0.000%	$128K	$442K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,039.5	−0.178%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0022%	1h	1,041	−0.027%	$278K	$816K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,041.5	+0.012%	$7.0M	$18.3M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,041.3	−0.004%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,040.9	−0.038%	$544K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.963%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0038%	1h	1,041.6	+0.026%	$26K	$390K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,040	−0.124%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,041.6	+0.027%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,041.3	−0.003%	$177.1M	$90.8M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,041.4	+0.007%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,041.4	+0.008%	$683K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,040.5	−0.085%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,041.6	+0.022%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,041	−0.029%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,041.4	+0.011%	$148K	$189K	10x	as long as short
KuCoin MUUSDTMlong	+0.0100%	8h	1,041.3	long leg	$5.2M	$3.8M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,040.8	−0.056%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,041.4	+0.011%	$828	$799	20x	as long as short
Lighter MU	+0.0104%	1h	1,041.7	+0.035%	$1.1M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,041.3	0.000%	$1.4M	$2.1M	20x	as long as short
Deribit MU_USDC-PERPETUALshort	+0.0125%	1h	1,041.6	+0.022%	$74K	$532K	10x
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.515%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,041	−0.032%	$532K	$270K	15x	as long as short