Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0425%/8h= +46.6% APRpaid last 24h +0.057%

Price spread now: RISEx against KuCoin+0.070%7-day average +0.049% · 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−$31as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.070%, 7d avg +0.049%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and RISEx is 0.021% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.049%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.023% in total (about -2.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MUUSDTM	1,045.1	0.0100	pay 0.0100% / 8h	12m 34s	$5.2M	$3.9M	20x
Short	RISEx MU/USDC	1,045.8	0.0525	get 0.0066% / 1h	12m 34s	$316K	$339K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.070%Rate

Funding earned: $89.35
Price spread: +0.070% → +0.049%: $2.13
Slippage, 4 orders: −$15.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $58.06
Costs to cover: 0.334%
Break-even: 2.5 days

Slippage from KuCoin: live order book, 5 min ago; RISEx: live order book, 1 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, 5 min ago	2.96 bp	12.3 bp −$12	496.3 bp −$4,963	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	1.72 bp	4.7 bp −$5	5.6 bp −$56	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	−0.0712%	4h	1,045.6	+0.056%	$1.3M	$674K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.4	+0.031%	$63.0M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,044.9	−0.019%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.9	+0.177%	$11K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,044.9	−0.012%	$129K	$456K	50x	as long as short
Aftermath Perps MUUSD	+0.0027%	1h	1,045	−0.007%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.2	+0.016%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.542%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.4	+0.031%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,044.7	−0.033%	$169K	$191K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MU-USD	+0.0050%	1h	1,045.2	+0.010%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.5	−0.052%	$2.0M	$2.7M	10x	as long as short
Lighter MU	+0.0064%	1h	1,045.3	+0.019%	$1.1M	$5.0M	20x	as long as short
OKX MU-USDT-SWAP	+0.0069%	8h	1,045.4	+0.033%	$30.8M	$104.4M	50x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.3	+0.028%	$7.9M	$23.9M	10x	as long as short
Bullet MU-USD	+0.0099%	1h	1,045.1	+0.009%	$25K	$394K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.4	+0.036%	$153K	$183K	10x	as long as short
KuCoin MUUSDTMlong	+0.0100%	8h	1,045.1	long leg	$5.2M	$3.9M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,045.4	+0.033%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.3	+0.020%	$831	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0102%	8h	1,045.4	+0.037%	$2K	—	5x	as long as short
Bitget MUUSDT	+0.0113%	8h	1,045.5	+0.045%	$20.4M	$43.5M	50x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,044.9	−0.011%	$33K	—	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0142%	1h	1,045.2	+0.011%	$62K	$284K	10x	as long as short
Nado MU-PERP	+0.0149%	1h	1,044.9	−0.014%	$272K	$875K	10x	as long as short
Aster MUUSD1	+0.0161%	8h	1,045.6	+0.056%	$21.5M	$47.3M	20x	as long as short
Variational Omni MU	+0.0178%	8h	1,045.8	+0.068%	$2.7M	$2.5M	—	as long as short
tradeXYZ xyz:MU	+0.0178%	1h	1,045.1	+0.005%	$177.1M	$104.9M	10x	as long as short
Binance MUUSDT	+0.0183%	8h	1,045.5	+0.044%	$124.3M	$530.9M	50x	as long as short
GRVT MU_USDT_Perp	+0.0218%	8h	1,045.9	+0.079%	$82K	$1.4M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,044.9	−0.012%	$757K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0258%	8h	1,045.6	+0.049%	$19.2M	$32.4M	100x	as long as short
Extended MU_24_5-USD	+0.0304%	1h	1,044.7	−0.030%	$546K	$1.1M	10x	as long as short
BloFin MU-USDT	+0.0306%	8h	1,045.4	+0.035%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0460%	1h	1,046	+0.091%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.3	+0.025%	$70K	$244K	10x	as long as short
RISEx MU/USDCshort	+0.0525%	1h	1,045.8	+0.070%	$316K	$339K	20x