Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.019%

Price spread now: tradeXYZ against KuCoin−0.003%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$500.495% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 7 days−0.012%−$1 · spread now −0.003%, 7d avg −0.029%

Together, before fees+0.023%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.026% dearer against KuCoin than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.029%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 hours.

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	3h 37m	$5.2M	$3.4M	20x
Short	tradeXYZ xyz:MU	1,045.5	0.0050	get 0.0006% / 1h	37m 23s	$177.1M	$96.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$10.5
Price spread: −0.003% → −0.029%: $2.6
Slippage, 4 orders: −$19.52
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$57.42
Costs to cover: 0.495%
Break-even: never at this rate

Slippage from KuCoin: live order book, just now; tradeXYZ: live order book, 13 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, just now	2.63 bp	13.8 bp −$14	27.9 bp −$279	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 13 min ago	0.48 bp	9.9 bp −$10	10.6 bp −$106	15.0 bp −$1,501	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	−0.0636%	4h	1,045.9	+0.038%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,045.9	+0.036%	$21.2M	$56.3M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,045.9	+0.036%	$125.0M	$518.8M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,046.2	+0.060%	$18.8M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,045.9	+0.038%	$31.1M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,045.8	+0.026%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.6	+0.009%	$62.1M	$27.7M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,045.8	+0.030%	$20.4M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,047.2	+0.162%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,045.8	+0.025%	$81K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,045.5	−0.008%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.5	+0.095%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.5	−0.006%	$130K	$432K	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,046.4	+0.080%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,045.6	+0.003%	$7.0M	$17.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,045.5	0.000%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.6	+0.002%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,045	−0.049%	$550K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.558%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,046.1	+0.057%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.3	+0.076%	—	$176K	25x	as long as short
tradeXYZ xyz:MUshort	+0.0050%	1h	1,045.5	−0.003%	$177.1M	$96.5M	10x
Polymarket Perps MU-USD	+0.0050%	1h	1,045.6	+0.007%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,045.6	+0.011%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045	−0.055%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,045.7	+0.020%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0053%	1h	1,045.3	−0.022%	$281K	$828K	10x	as long as short
Bullet MU-USD	+0.0064%	1h	1,046	+0.041%	$25K	$394K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0075%	1h	1,045.7	+0.013%	$73K	$468K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,045.5	−0.003%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.6	+0.003%	$147K	$186K	10x	as long as short
KuCoin MUUSDTMlong	+0.0100%	8h	1,045.5	long leg	$5.2M	$3.4M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,045.4	−0.012%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.8	+0.025%	$831	$799	20x	as long as short
BloFin MU-USDT	+0.0119%	8h	1,046.1	+0.050%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.430%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,045.6	+0.007%	$535K	$271K	15x	as long as short