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

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Pacifica−0.048%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$490.489% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.048%, 7d avg −0.007%
Together, before fees+0.126%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.041% cheaper against Pacifica than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica MU1,033.70.0100pay 0.0013% / 1h17m 31s$146K$223K10x
ShortKuCoin MUUSDTM1,033.20.0100get 0.0100% / 8h6h 17m$5.2M$5.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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
Price spread: −0.048% → −0.007%
−$4.13
Slippage, 4 orders
−$28.87
Fee Pacifica: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$53
Costs to cover
0.489%
Break-even
never at this rate
Slippage from Pacifica: live order book, 33 min ago; KuCoin: live order book, 3 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 Pacifica live order book, 33 min ago2.86 bp11.9 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago2.66 bp14.2 bp −$1429.3 bp −$293doesn't fitdoesn't fit

MU on 37 exchanges

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−0.0255%4h1,033−0.066%$1.3M$695K10xas long as short
Aster MUUSD10.0000%8h1,033.9+0.023%$21.1M$72.3M20xas long as short
Binance MUUSDT0.0000%8h1,033.5−0.022%$120.5M$550.1M50xas long as short
OKX MU-USDT-SWAP0.0000%8h1,033.5−0.024%$29.4M$106.2M50xas long as short
Gate MU_USDT0.0000%8h1,033.5−0.018%$61.5M$28.0M75xas long as short
Bitget MUUSDT0.0000%8h1,033.8+0.007%$19.7M$42.8M50xas long as short
Variational Omni MU0.0000%8h1,033.1−0.058%$2.6M$2.6Mas long as short
StandX MU-USD0.0000%1h1,033.5−0.023%$187K$3.7M20xas long as short
SunX MU-USDT0.0000%8h1,035.2+0.148%$11K$5.1M10xas long as short
Deribit MU_USDC-PERPETUAL0.0000%1h1,033.3−0.037%$44K$698K10xas long as short
Show all 37 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX MU-USDT0.0000%8h1,033.8+0.004%$119K$486K50xas long as short
Lighter RH MU+0.0032%1h1,033.7+0.001%$1.1M$4.5M10xas long as short
Aftermath Perps MUUSD+0.0032%1h1,033.2−0.045%$3K$42K10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4+1.707%$19K$5K12xas long as short
Bybit MUUSDT+0.0041%8h1,033.9+0.020%$18.8M$32.5M100xas long as short
Vest MU-USD-PERP+0.0046%1h1,034.1+0.035%$177K25xas long as short
Polymarket Perps MU-USD+0.0050%1h1,033.5−0.020%$167K$178K10xas long as short
SoDEX MU-USD+0.0050%1h1,033.5−0.018%$678K$13K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,033.1−0.055%$1.9M$3.2M10xas long as short
QFEX MU-USD+0.0059%1h1,033.6−0.009%$7.0M$19.0M10xas long as short
Paradex MU-USD-PERP+0.0066%8h1,033.9+0.015%$2K5xas long as short
Aevo MU-PERP+0.0080%1h1,033.4−0.031%$32K$1K10xas long as short
Pacifica MUlong+0.0100%1h1,033.7long leg$146K$223K10x
KuCoin MUUSDTMshort+0.0100%8h1,033.2−0.048%$5.2M$5.6M20x
ApeX Omni MUUSDT+0.0100%1h1,033.6−0.015%$70K$270K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,033.4−0.035%$822$79920xas long as short
RISEx MU/USDC+0.0107%1h1,033.7+0.002%$295K$350K20xas long as short
GRVT MU_USDT_Perp+0.0115%8h1,033.5−0.020%$76K$1.4M10xas long as short
BloFin MU-USDT+0.0120%8h1,033.3−0.036%$1.4M$2.4M20xas long as short
Nado MU-PERP+0.0123%1h1,033.4−0.032%$269K$840K10xas long as short
Lighter MU+0.0136%1h1,033.8+0.006%$1.0M$5.0M20xas long as short
Arcus MU-USD+0.0139%1h1,033−0.072%$90K$148K10xas long as short
Coinbase International MU-PERP-INTX+0.0152%1h1,033.5−0.020%$732K$1.2M10xas long as short
tradeXYZ xyz:MU+0.0179%1h1,033.5−0.020%$175.0M$75.6M10xas long as short
Bullet MU-USD+0.0214%1h1,033.8+0.014%$25K$386K10xas long as short
Extended MU_24_5-USD+0.0264%1h1,033.1−0.063%$549K$1.1M10xas long as short
Phoenix MU+0.0310%1h1,033.6−0.011%$529K$269K15xas long as short