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+0.0050%/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
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
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).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex MU-USD-PERP1,045.10.0050pay 0.0050% / 8h3h 15m$2K5x
ShortKuCoin MUUSDTM1,044.70.0100get 0.0100% / 8h3h 15m$5.2M$3.4M20x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell KuCoin live order book, 2 min ago2.35 bp16.8 bp −$1729.0 bp −$290doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0649%4h1,044.1−0.098%$1.3M$673K10xas long as short
Aster MUUSD10.0000%8h1,045.3+0.016%$21.2M$56.6M20xas long as short
Binance MUUSDT0.0000%8h1,045.3+0.013%$124.1M$523.1M50xas long as short
Bybit MUUSDT0.0000%8h1,045.6+0.043%$18.7M$31.8M100xas long as short
OKX MU-USDT-SWAP0.0000%8h1,045.2+0.006%$30.9M$99.7M50xas long as short
RISEx MU/USDC0.0000%1h1,045.1−0.001%$337K$353K20xas long as short
Gate MU_USDT0.0000%8h1,045.1−0.002%$62.0M$27.9M75xas long as short
Bitget MUUSDT0.0000%8h1,045.2+0.008%$20.5M$41.6M50xas long as short
Variational Omni MU0.0000%8h1,045.20.000%$2.7M$2.4Mas long as short
GRVT MU_USDT_Perp0.0000%8h1,045.3+0.019%$83K$1.4M10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX MU-USD0.0000%1h1,045−0.012%$189K$3.4M20xas long as short
SunX MU-USDT0.0000%8h1,047.5+0.223%$11K$5.8M10xas long as short
HTX MU-USDT0.0000%8h1,045.1−0.008%$130K$435K50xas long as short
Deribit MU_USDC-PERPETUAL+0.0008%1h1,045−0.013%$73K$481K10xas long as short
Aftermath Perps MUUSD+0.0022%1h1,044.7−0.046%$3K$44K10xas long as short
QFEX MU-USD+0.0032%1h1,045−0.019%$7.0M$18.0M10xas long as short
Lighter MU+0.0032%1h1,044.9−0.021%$1.1M$5.1M20xas long as short
Lighter RH MU+0.0032%1h1,044.8−0.034%$1.3M$4.4M10xas long as short
Extended MU_24_5-USD+0.0032%1h1,044.4−0.071%$548K$1.1M10xas long as short
Nado MU-PERP+0.0033%1h1,044.6−0.054%$282K$830K10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4+0.594%$19K$5K12xas long as short
Bullet MU-USD+0.0040%1h1,045.4+0.021%$26K$392K10xas long as short
Arcus MU-USD+0.0040%1h1,044.4−0.075%$70K$232K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,045.7+0.053%$176K25xas long as short
tradeXYZ xyz:MU+0.0050%1h1,045−0.014%$176.7M$95.5M10xas long as short
Polymarket Perps MU-USD+0.0050%1h1,045−0.014%$170K$203K10xas long as short
SoDEX MU-USD+0.0050%1h1,044.9−0.021%$686K$16K10xas long as short
Paradex MU-USD-PERPlong+0.0050%8h1,045.1long leg$2K5x
Ondo Perps MU-USD.P+0.0050%1h1,043.2−0.184%$1.9M$2.2M10xas long as short
Aevo MU-PERP+0.0080%1h1,044.8−0.034%$32K$1K10xas long as short
Pacifica MU+0.0100%1h1,044.7−0.042%$147K$185K10xas long as short
KuCoin MUUSDTMshort+0.0100%8h1,044.7−0.039%$5.2M$3.4M20x
ApeX Omni MUUSDT+0.0100%1h1,045.6+0.043%$71K$269K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,045−0.016%$831$79920xas long as short
Coinbase International MU-PERP-INTX+0.0120%1h1,044.6−0.053%$749K$1.2M10xas long as short
BloFin MU-USDT+0.0120%8h1,045.3+0.013%$1.5M$2.0M20xas long as short
Phoenix MU+0.0305%1h1,044.2−0.091%$534K$271K15xas long as short