Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: HTX against KuCoin+0.004%51s7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$430.434% of the position
Funding, last 7 days−0.180%−$18 on $10k
+Price spread, last 3 days (all we have)+0.047%+$5 · spread now +0.004%, 7d avg +0.039%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and HTX is 0.035% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.039%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MUUSDTM | 1,044.9 | 0.0100 | pay 0.0100% / 8h | 13m 29s | $5.2M | $3.9M | 20x |
| Short | HTX MU-USDT | 1,045 | 0 | get 0.0000% / 8h | 13m 29s | $129K | $456K | 50x |
KuCoin MUUSDTM
HTX MU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: +0.004% → +0.039%
- −$3.51
- Slippage, 4 orders
- −$19.35
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$67.86
- Costs to cover
- 0.434%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; HTX: live order book, 65 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, 4 min ago | 2.96 bp | 12.3 bp −$12 | 496.3 bp −$4,963 | doesn't fit | doesn't fit |
| Sell HTX live order book, 65 min ago | 3.69 bp | 9.7 bp −$10 | 9.9 bp −$99 | 16.7 bp −$1,673 | 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 | −0.0712% | 4h | 1,045.6 | +0.069% | $1.3M | $674K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,045 | +0.005% | $62.9M | $29.1M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,045.2 | +0.025% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,046.9 | +0.189% | $11K | $6.5M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,044.9 | +0.002% | $62K | $283K | 10x | as long as short |
| HTX MU-USDTshort | 0.0000% | 8h | 1,045 | +0.004% | $129K | $456K | 50x | |
| Aftermath Perps MUUSD | +0.0027% | 1h | 1,045 | +0.005% | $3K | $45K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,044.9 | +0.002% | $1.2M | $4.3M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.554% | $14K | $302 | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,045.4 | +0.043% | — | $194K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,044.7 | −0.021% | $169K | $191K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,045.2 | +0.022% | $686K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,044.5 | −0.039% | $2.0M | $2.7M | 10x | as long as short |
| Lighter MU | +0.0064% | 1h | 1,044.9 | −0.003% | $1.1M | $5.0M | 20x | as long as short |
| OKX MU-USDT-SWAP | +0.0069% | 8h | 1,045 | +0.011% | $30.8M | $104.4M | 50x | as long as short |
| QFEX MU-USD | +0.0080% | 1h | 1,045 | +0.005% | $7.9M | $23.9M | 10x | as long as short |
| Bullet MU-USD | +0.0099% | 1h | 1,045.1 | +0.021% | $25K | $394K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,044.7 | −0.018% | $153K | $183K | 10x | as long as short |
| KuCoin MUUSDTMlong | +0.0100% | 8h | 1,044.9 | long leg | $5.2M | $3.9M | 20x | |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,045.4 | +0.046% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,045.3 | +0.038% | $831 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0103% | 8h | 1,044.8 | −0.009% | $2K | — | 5x | as long as short |
| Bitget MUUSDT | +0.0113% | 8h | 1,045 | +0.011% | $20.4M | $43.5M | 50x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,045.1 | +0.019% | $33K | — | 10x | as long as short |
| Nado MU-PERP | +0.0150% | 1h | 1,044.5 | −0.037% | $271K | $875K | 10x | as long as short |
| Aster MUUSD1 | +0.0163% | 8h | 1,045.6 | +0.069% | $21.5M | $47.3M | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0178% | 1h | 1,045 | +0.008% | $176.6M | $104.6M | 10x | as long as short |
| Variational Omni MU | +0.0178% | 8h | 1,045.8 | +0.081% | $2.7M | $2.5M | — | as long as short |
| Binance MUUSDT | +0.0186% | 8h | 1,045.1 | +0.020% | $124.3M | $531.1M | 50x | as long as short |
| GRVT MU_USDT_Perp | +0.0218% | 8h | 1,045.9 | +0.092% | $82K | $1.4M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0224% | 1h | 1,044.9 | 0.000% | $757K | $1.3M | 10x | as long as short |
| Bybit MUUSDT | +0.0259% | 8h | 1,045.1 | +0.017% | $19.2M | $32.4M | 100x | as long as short |
| BloFin MU-USDT | +0.0308% | 8h | 1,045.7 | +0.076% | $1.5M | $2.0M | 20x | as long as short |
| Extended MU_24_5-USD | +0.0328% | 1h | 1,044.3 | −0.056% | $546K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0460% | 1h | 1,046 | +0.103% | $535K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0462% | 1h | 1,044.7 | −0.018% | $70K | $244K | 10x | as long as short |
| RISEx MU/USDC | +0.0525% | 1h | 1,045.5 | +0.052% | $316K | $339K | 20x | as long as short |
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Lighter MU
OKX MU-USDT-SWAP
QFEX MU-USD
Bullet MU-USD
Pacifica MU
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
Bitget MUUSDT
Aevo MU-PERP
Nado MU-PERP
Aster MUUSD1
tradeXYZ xyz:MU
Variational Omni MU
Binance MUUSDT
GRVT MU_USDT_Perp
Coinbase International MU-PERP-INTX
Bybit MUUSDT
BloFin MU-USDT
Extended MU_24_5-USD
Phoenix MU
Arcus MU-USD
RISEx MU/USDC