Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0352%/8h= −38.5% APRpaid last 24h +0.040%

Price spread now: edgeX against KuCoin+0.032%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs+$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.688%+$69 on $10k

Price spread, last 7 days−0.128%−$13 · spread now +0.032%, 7d avg +0.006%

Together, before fees+0.560%+ Points / potential airdropedgeX: Active · farm board+$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.026% dearer against KuCoin than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of +0.006%): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.688%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MUUSDTM	1,045.5	0.0100	pay 0.0100% / 8h	15m 14s	$5.2M	$3.9M	20x
Short	edgeX MUUSDC	1,045.9	−0.0252	pay 0.0126% / 4h	15m 14s	$1.3M	$674K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$73.88
Price spread: +0.032% → +0.006%: $2.55
Slippage, 4 orders: −$12.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$105.09
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; edgeX: live order book, 4 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	2.96 bp	12.3 bp −$12	496.3 bp −$4,963	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	0.29 bp	4.9 bp −$5	6.7 bp −$67	29.6 bp −$2,965	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 MUUSDCshort	−0.0252%	4h	1,045.9	+0.032%	$1.3M	$674K	10x
Gate MU_USDT	0.0000%	8h	1,045.6	+0.002%	$63.0M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.5	−0.005%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.4	+0.182%	$11K	$6.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,045.5	−0.003%	$62K	$283K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.5	−0.005%	$129K	$456K	50x	as long as short
Aftermath Perps MUUSD	+0.0028%	1h	1,045.5	−0.005%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.6	+0.010%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.495%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.1	+0.054%	—	$194K	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	1,045.5	−0.003%	$169K	$193K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,045.6	+0.002%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.7	−0.080%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0070%	8h	1,045.7	+0.013%	$30.8M	$104.7M	50x	as long as short
Lighter MU	+0.0072%	1h	1,045.5	−0.001%	$1.0M	$4.9M	20x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.7	+0.015%	$7.9M	$23.9M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.4	−0.013%	$153K	$183K	10x	as long as short
KuCoin MUUSDTMlong	+0.0100%	8h	1,045.5	long leg	$5.2M	$3.9M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,046	+0.043%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.8	+0.022%	$831	$799	20x	as long as short
Bullet MU-USD	+0.0104%	1h	1,045.7	+0.016%	$25K	$395K	10x	as long as short
Paradex MU-USD-PERP	+0.0106%	8h	1,045.7	+0.019%	$2K	—	5x	as long as short
Bitget MUUSDT	+0.0116%	8h	1,045.6	+0.009%	$20.5M	$43.5M	50x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,045.5	−0.002%	$33K	—	10x	as long as short
Nado MU-PERP	+0.0154%	1h	1,045.4	−0.016%	$271K	$875K	10x	as long as short
Aster MUUSD1	+0.0165%	8h	1,046.3	+0.071%	$21.5M	$47.3M	20x	as long as short
Variational Omni MU	+0.0178%	8h	1,045.8	+0.022%	$2.7M	$2.5M	—	as long as short
tradeXYZ xyz:MU	+0.0184%	1h	1,045.5	−0.003%	$176.7M	$104.6M	10x	as long as short
Binance MUUSDT	+0.0188%	8h	1,045.7	+0.017%	$124.4M	$532.0M	50x	as long as short
GRVT MU_USDT_Perp	+0.0218%	8h	1,045.9	+0.033%	$82K	$1.4M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,044.9	−0.058%	$757K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0262%	8h	1,045.8	+0.030%	$19.2M	$32.4M	100x	as long as short
BloFin MU-USDT	+0.0308%	8h	1,045.7	+0.017%	$1.5M	$2.0M	20x	as long as short
Extended MU_24_5-USD	+0.0344%	1h	1,045.2	−0.036%	$545K	$1.1M	10x	as long as short
Phoenix MU	+0.0460%	1h	1,046	+0.045%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.7	+0.014%	$70K	$244K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.1	+0.050%	$316K	$339K	20x	as long as short