Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.005%
Price spread now: KuCoin against Paradex−0.039%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. KuCoin is 0.039% cheaper against Paradex than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.6 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MU-USD-PERP | 1,045.1 | 0.0050 | pay 0.0050% / 8h | 3h 15m | $2K | — | 5x |
| Short | KuCoin MUUSDTM | 1,044.7 | 0.0100 | get 0.0100% / 8h | 3h 15m | $5.2M | $3.4M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Paradex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.48
- Price spread: −0.039% → 0.000%
- −$3.91
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$9.43
- Costs to cover
- 0.160%
- Break-even
- 13.3 days
Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 2 min ago. 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 Paradex no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 2 min ago | 2.35 bp | 16.8 bp −$17 | 29.0 bp −$290 | doesn't fit | doesn't fit |
Paradex: 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 | −0.0649% | 4h | 1,044.1 | −0.098% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,045.3 | +0.016% | $21.2M | $56.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,045.3 | +0.013% | $124.1M | $523.1M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,045.6 | +0.043% | $18.7M | $31.8M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,045.2 | +0.006% | $30.9M | $99.7M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,045.1 | −0.001% | $337K | $353K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,045.1 | −0.002% | $62.0M | $27.9M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,045.2 | +0.008% | $20.5M | $41.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,045.2 | 0.000% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,045.3 | +0.019% | $83K | $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 | −0.012% | $189K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,047.5 | +0.223% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,045.1 | −0.008% | $130K | $435K | 50x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0008% | 1h | 1,045 | −0.013% | $73K | $481K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,044.7 | −0.046% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,045 | −0.019% | $7.0M | $18.0M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,044.9 | −0.021% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,044.8 | −0.034% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,044.4 | −0.071% | $548K | $1.1M | 10x | as long as short |
| Nado MU-PERP | +0.0033% | 1h | 1,044.6 | −0.054% | $282K | $830K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.594% | $19K | $5K | 12x | as long as short |
| Bullet MU-USD | +0.0040% | 1h | 1,045.4 | +0.021% | $26K | $392K | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,044.4 | −0.075% | $70K | $232K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,045.7 | +0.053% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,045 | −0.014% | $176.7M | $95.5M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,045 | −0.014% | $170K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,044.9 | −0.021% | $686K | $16K | 10x | as long as short |
| Paradex MU-USD-PERPlong | +0.0050% | 8h | 1,045.1 | long leg | $2K | — | 5x | |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,043.2 | −0.184% | $1.9M | $2.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,044.8 | −0.034% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,044.7 | −0.042% | $147K | $185K | 10x | as long as short |
| KuCoin MUUSDTMshort | +0.0100% | 8h | 1,044.7 | −0.039% | $5.2M | $3.4M | 20x | |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,045.6 | +0.043% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,045 | −0.016% | $831 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,044.6 | −0.053% | $749K | $1.2M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,045.3 | +0.013% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,044.2 | −0.091% | $534K | $271K | 15x | as long as short |
Paradex MU-USD-PERP
KuCoin MUUSDTM
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Deribit MU_USDC-PERPETUAL
Aftermath Perps MUUSD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Bullet MU-USD
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Pacifica MU
ApeX Omni MUUSDT
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Phoenix MU