Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.016%

Price spread now: Injective against KuCoin+0.011%55s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.196%−$20 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 55 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	1,051.2	0.0100	pay 0.0100% / 8h	7h 04m	$5.3M	$3.5M	20x
Short	Injective MU/USDC PERP	1,051.4	0.0033	get 0.0004% / 1h	4m 27s	$19K	$5K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.011%Rate

Funding earned: −$14
Price spread: +0.011% → 0.000%: $1.14
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$24.88
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.

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	2.23 bp	12.0 bp −$12	482.9 bp −$4,829	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0631%	4h	1,051.5	+0.024%	$1.3M	$671K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.3	+0.009%	$62.7M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.5	−0.073%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.5	+0.122%	$11K	$6.1M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.2	−0.006%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,051.1	−0.017%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,051.3	+0.007%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERPshort	+0.0033%	1h	1,051.4	+0.011%	$19K	$5K	12x
Vest MU-USD-PERP	+0.0046%	1h	1,052.2	+0.089%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.2	−0.004%	$171K	$203K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.4	−0.085%	$2.0M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,051.3	+0.007%	$7.6M	$21.1M	10x	as long as short
Lighter MU	+0.0056%	1h	1,051.3	+0.003%	$1.1M	$4.8M	20x	as long as short
SoDEX MU-USD	+0.0061%	1h	1,051.5	+0.023%	$690K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0084%	8h	1,051.6	+0.035%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0086%	1h	1,051.2	−0.006%	$274K	$858K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.3	+0.002%	$149K	$186K	10x	as long as short
KuCoin MUUSDTMlong	+0.0100%	8h	1,051.2	long leg	$5.3M	$3.5M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,050.6	−0.057%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.7	−0.050%	$835	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0107%	8h	1,050.9	−0.032%	$30.9M	$101.6M	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0131%	1h	1,051.4	+0.018%	$65K	$312K	10x	as long as short
Aevo MU-PERP	+0.0152%	1h	1,051.3	+0.009%	$32K	$1K	10x	as long as short
Bullet MU-USD	+0.0172%	1h	1,051.3	+0.006%	$26K	$396K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,050.5	−0.072%	$762K	$1.2M	10x	as long as short
Bybit MUUSDT	+0.0196%	8h	1,051.3	+0.008%	$19.4M	$32.6M	100x	as long as short
tradeXYZ xyz:MU	+0.0198%	1h	1,051.1	−0.013%	$178.5M	$100.2M	10x	as long as short
Arcus MU-USD	+0.0240%	1h	1,051.2	−0.006%	$71K	$242K	10x	as long as short
Variational Omni MU	+0.0256%	8h	1,051.6	+0.030%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0267%	8h	1,051	−0.027%	$21.6M	$48.4M	20x	as long as short
Binance MUUSDT	+0.0270%	8h	1,051.1	−0.014%	$126.4M	$521.4M	50x	as long as short
Extended MU_24_5-USD	+0.0296%	1h	1,050.7	−0.050%	$564K	$1.2M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,051.5	+0.024%	$316K	$339K	20x	as long as short
Phoenix MU	+0.0383%	1h	1,051.6	+0.034%	$538K	$306K	15x	as long as short
BloFin MU-USDT	+0.0389%	8h	1,051.5	+0.025%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0418%	8h	1,051.4	+0.016%	$20.6M	$41.6M	50x	as long as short
GRVT MU_USDT_Perp	+0.0569%	8h	1,051.2	−0.005%	$83K	$1.3M	10x	as long as short