Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.019%

Price spread now: KuCoin against StandX+0.009%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on StandX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.205%+$20 on $10k

Price spread, last 7 days+0.061%+$6 · spread now +0.009%, 7d avg −0.043%

Together, before fees+0.265%+ Points / potential airdropStandX: Active · farm board+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.052% dearer against StandX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX MU-USD	1,045.5	0	get 0.0000% / 1h	14m 57s	$189K	$3.3M	20x
Short	KuCoin MUUSDTM	1,045.6	0.0100	get 0.0100% / 8h	14m 57s	$5.2M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against StandX. 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 StandXbpFee KuCoinbpOrdersPrice spread, now +0.009%Rate

Funding earned: $21
Price spread: +0.009% → −0.043%: $5.16
Slippage, 4 orders: −$19.86
Fee StandX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$13.71
Costs to cover: 0.399%
Break-even: 11.6 days

Slippage from StandX: live order book, 4 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy StandX live order book, 4 min ago	2.68 bp	9.0 bp −$9	15.1 bp −$151	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	2.96 bp	11.7 bp −$12	38.7 bp −$387	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	−0.0252%	4h	1,045.9	+0.037%	$1.3M	$674K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.6	+0.009%	$63.0M	$29.1M	75x	as long as short
StandX MU-USDlong	0.0000%	1h	1,045.5	long leg	$189K	$3.3M	20x
SunX MU-USDT	0.0000%	8h	1,047.4	+0.187%	$11K	$6.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,045.5	+0.002%	$62K	$283K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.5	0.000%	$129K	$456K	50x	as long as short
Aftermath Perps MUUSD	+0.0028%	1h	1,045.5	0.000%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.6	+0.014%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.500%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.1	+0.058%	—	$194K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,045.5	+0.002%	$169K	$193K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,045.6	+0.007%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.7	−0.076%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0070%	8h	1,045.6	+0.015%	$30.8M	$104.7M	50x	as long as short
Lighter MU	+0.0072%	1h	1,045.5	+0.004%	$1.0M	$4.9M	20x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.7	+0.020%	$7.9M	$23.9M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.4	−0.009%	$153K	$183K	10x	as long as short
KuCoin MUUSDTMshort	+0.0100%	8h	1,045.6	+0.009%	$5.2M	$3.9M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,046	+0.048%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.8	+0.027%	$831	$799	20x	as long as short
Bullet MU-USD	+0.0104%	1h	1,045.7	+0.021%	$25K	$395K	10x	as long as short
Paradex MU-USD-PERP	+0.0106%	8h	1,045.7	+0.023%	$2K	—	5x	as long as short
Bitget MUUSDT	+0.0116%	8h	1,045.6	+0.007%	$20.5M	$43.5M	50x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,045.5	+0.002%	$33K	—	10x	as long as short
Nado MU-PERP	+0.0154%	1h	1,045.4	−0.012%	$271K	$875K	10x	as long as short
Aster MUUSD1	+0.0165%	8h	1,046.3	+0.076%	$21.5M	$47.3M	20x	as long as short
Variational Omni MU	+0.0178%	8h	1,045.8	+0.027%	$2.7M	$2.5M	—	as long as short
tradeXYZ xyz:MU	+0.0182%	1h	1,045.5	+0.002%	$176.7M	$104.6M	10x	as long as short
Binance MUUSDT	+0.0188%	8h	1,045.7	+0.020%	$124.4M	$532.0M	50x	as long as short
GRVT MU_USDT_Perp	+0.0218%	8h	1,045.9	+0.038%	$82K	$1.4M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,044.9	−0.054%	$757K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0262%	8h	1,045.8	+0.033%	$19.2M	$32.4M	100x	as long as short
BloFin MU-USDT	+0.0308%	8h	1,045.7	+0.022%	$1.5M	$2.0M	20x	as long as short
Extended MU_24_5-USD	+0.0344%	1h	1,045.2	−0.030%	$545K	$1.1M	10x	as long as short
Phoenix MU	+0.0460%	1h	1,046	+0.050%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.7	+0.019%	$70K	$244K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.1	+0.055%	$316K	$339K	20x	as long as short