Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.04 per $10,000 · paid last 24h −0.021%
Price spread now: OKX against KuCoin+0.023%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$370.367% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.048%−$5 on $10k
Price spread, last 7 days−0.073%−$7 · spread now +0.023%, 7d avg +0.037%
Together, before fees−0.121%−$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MUUSDTM1,0500.0100pay 0.0100% / 8h7h 24m$5.3M$3.5M20x
ShortOKX MU-USDT-SWAP1,050.30.0104get 0.0104% / 8h7h 24m$30.9M$101.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$0.76
Price spread: +0.023% → +0.037%
−$1.39
Slippage, 4 orders
−$14.68
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$37.31
Costs to cover
0.367%
Break-even
349.2 days
Slippage from KuCoin: live order book, 3 min ago; OKX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 3 min ago3.52 bp12.1 bp −$12514.0 bp −$5,140doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago0.05 bp5.7 bp −$67.5 bp −$7521.8 bp −$2,178doesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0576%4h1,052.5+0.237%$1.3M$672K10xas long as short
Gate MU_USDT0.0000%8h1,050.2+0.019%$62.8M$28.9M75xas long as short
StandX MU-USD0.0000%1h1,050.3+0.028%$190K$3.3M20xas long as short
SunX MU-USDT0.0000%8h1,052.6+0.243%$11K$6.2M10xas long as short
HTX MU-USDT0.0000%8h1,051.1+0.096%$129K$424K50xas long as short
Aftermath Perps MUUSD+0.0022%1h1,050.4+0.038%$3K$45K10xas long as short
Lighter MU+0.0032%1h1,050.4+0.036%$1.1M$4.8M20xas long as short
Lighter RH MU+0.0032%1h1,050.5+0.048%$1.2M$4.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4+0.126%$19K$5K12xas long as short
Vest MU-USD-PERP+0.0046%1h1,051.4+0.132%$179K25xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MU-USD+0.0050%1h1,050−0.004%$171K$203K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,049.7−0.033%$1.9M$2.3M10xas long as short
QFEX MU-USD+0.0054%1h1,050.5+0.039%$7.7M$22.0M10xas long as short
Nado MU-PERP+0.0085%1h1,049.7−0.035%$274K$857K10xas long as short
Paradex MU-USD-PERP+0.0092%8h1,050.5+0.044%$2K5xas long as short
Pacifica MU+0.0100%1h1,050.6+0.056%$148K$186K10xas long as short
KuCoin MUUSDTMlong+0.0100%8h1,050long leg$5.3M$3.5M20x
ApeX Omni MUUSDT+0.0100%1h1,052+0.183%$71K$267K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,050.5+0.043%$835$79920xas long as short
OKX MU-USDT-SWAPshort+0.0104%8h1,050.3+0.023%$30.9M$101.8M50x
Aevo MU-PERP+0.0136%1h1,050−0.003%$32K$1K10xas long as short
SoDEX MU-USD+0.0139%1h1,051.2+0.111%$690K$16K10xas long as short
Coinbase International MU-PERP-INTX+0.0184%1h1,048.4−0.160%$759K$1.2M10xas long as short
Bybit MUUSDT+0.0197%8h1,050.5+0.039%$19.4M$32.6M100xas long as short
Bullet MU-USD+0.0219%1h1,050.5+0.044%$26K$396K10xas long as short
Variational Omni MU+0.0224%8h1,051.7+0.153%$2.7M$2.4Mas long as short
Aster MUUSD1+0.0235%8h1,050.1+0.008%$21.6M$48.3M20xas long as short
Deribit MU_USDC-PERPETUAL+0.0235%1h1,051.1+0.103%$64K$304K10xas long as short
Binance MUUSDT+0.0237%8h1,050.4+0.032%$126.0M$522.5M50xas long as short
Arcus MU-USD+0.0240%1h1,051.1+0.099%$71K$243K10xas long as short
tradeXYZ xyz:MU+0.0250%1h1,050.1+0.006%$178.3M$100.3M10xas long as short
RISEx MU/USDC+0.0312%1h1,050.4+0.038%$316K$339K20xas long as short
BloFin MU-USDT+0.0355%8h1,051.3+0.117%$1.5M$2.0M20xas long as short
Bitget MUUSDT+0.0377%8h1,050.3+0.023%$20.6M$41.6M50xas long as short
Phoenix MU+0.0383%1h1,050.2+0.015%$537K$306K15xas long as short
Extended MU_24_5-USD+0.0400%1h1,049.8−0.020%$570K$1.2M10xas long as short
GRVT MU_USDT_Perp+0.0551%8h1,052.6+0.241%$83K$1.3M10xas long as short