Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.019%

Price spread now: KuCoin against tradeXYZ+0.009%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

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

costs, in and out, $10k−$450.446% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 7 days+0.066%+$7 · spread now +0.009%, 7d avg +0.032%

Together, before fees+0.028%+ Points / potential airdroptradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.023% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.032%). If the spread goes back, that is −$2 on $10k: about 37 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MU	1,050.2	0.0050	pay 0.0006% / 1h	58m 53s	$178.3M	$100.2M	10x
Short	KuCoin MUUSDTM	1,050.3	0.0100	get 0.0100% / 8h	6h 58m	$5.3M	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against tradeXYZ. 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 tradeXYZbpFee KuCoinbpOrdersPrice spread, now +0.009%Rate

Funding earned: $10.5
Price spread: +0.009% → +0.032%: −$2.3
Slippage, 4 orders: −$14.61
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$36.4
Costs to cover: 0.446%
Break-even: 31.3 days

Slippage from tradeXYZ: live order book, 11 min ago; KuCoin: live order book, 4 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 tradeXYZ live order book, 11 min ago	0.48 bp	9.5 bp −$9	10.4 bp −$104	15.8 bp −$1,576	doesn't fit
Sell KuCoin live order book, 4 min ago	3.62 bp	13.6 bp −$14	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	−0.0387%	4h	1,050.6	+0.039%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.2	+0.004%	$62.6M	$27.2M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	−0.009%	$190K	$3.3M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050.6	+0.038%	$26K	$396K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.4	+0.118%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.2	−0.002%	$66K	$315K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.4	+0.018%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.4	+0.017%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.3	+0.009%	$1.2M	$4.1M	10x	as long as short
Lighter MU	+0.0040%	1h	1,050.3	+0.010%	$1.1M	$4.7M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MU-USD-PERP	+0.0046%	1h	1,051.5	+0.123%	—	$179K	25x	as long as short
tradeXYZ xyz:MUlong	+0.0050%	1h	1,050.2	long leg	$178.3M	$100.2M	10x
Polymarket Perps MU-USD	+0.0050%	1h	1,050.2	0.000%	$171K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.3	+0.006%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.9	−0.028%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,050.5	+0.030%	$7.6M	$20.9M	10x	as long as short
Nado MU-PERP	+0.0079%	1h	1,050.5	+0.024%	$275K	$858K	10x	as long as short
Paradex MU-USD-PERP	+0.0080%	8h	1,050.7	+0.050%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0100%	8h	1,049.8	−0.042%	$30.9M	$101.4M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,050.5	+0.031%	$149K	$186K	10x	as long as short
KuCoin MUUSDTMshort	+0.0100%	8h	1,050.3	+0.009%	$5.3M	$3.5M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,050.5	+0.030%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.5	+0.028%	$835	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.110%	$19K	$5K	12x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.5	+0.027%	$762K	$1.2M	10x	as long as short
Bybit MUUSDT	+0.0150%	8h	1,050.4	+0.015%	$19.4M	$32.6M	100x	as long as short
Aevo MU-PERP	+0.0152%	1h	1,050.2	+0.003%	$32K	$1K	10x	as long as short
Extended MU_24_5-USD	+0.0216%	1h	1,049.5	−0.068%	$559K	$1.2M	10x	as long as short
Arcus MU-USD	+0.0240%	1h	1,050.6	+0.037%	$71K	$242K	10x	as long as short
Variational Omni MU	+0.0260%	8h	1,050.4	+0.015%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0268%	8h	1,051	+0.075%	$21.6M	$48.7M	20x	as long as short
Binance MUUSDT	+0.0272%	8h	1,050.3	+0.009%	$126.0M	$522.4M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.9	+0.067%	$538K	$273K	15x	as long as short
BloFin MU-USDT	+0.0392%	8h	1,050.4	+0.019%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0406%	8h	1,050.3	+0.007%	$20.5M	$41.6M	50x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,050.7	+0.050%	$316K	$340K	20x	as long as short
GRVT MU_USDT_Perp	+0.0549%	8h	1,050.6	+0.043%	$83K	$1.3M	10x	as long as short