Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Binance+0.008%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$390.386% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 7 days−0.013%−$1 · spread now +0.008%, 7d avg −0.045%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.053% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MUUSDT | 1,035.7 | 0 | get 0.0000% / 8h | 57m 26s | $122.0M | $538.2M | 50x |
| Short | KuCoin MUUSDTM | 1,035.8 | 0.0100 | get 0.0100% / 8h | 57m 26s | $5.2M | $3.9M | 20x |
Binance MUUSDT
KuCoin MUUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- $21
- Price spread: +0.008% → −0.045%
- $5.3
- Slippage, 4 orders
- −$16.55
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$12.25
- Costs to cover
- 0.386%
- Break-even
- 11.1 days
Slippage from Binance: live order book, 1 min ago; KuCoin: live order book, just now.
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 Binance live order book, 1 min ago | 0.14 bp | 5.9 bp −$6 | 7.0 bp −$70 | 17.5 bp −$1,751 | doesn't fit |
| Sell KuCoin live order book, just now | 2.51 bp | 13.1 bp −$13 | 27.2 bp −$272 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MUUSDT | −0.0181% | 8h | 1,036 | +0.025% | $20.1M | $40.2M | 50x | as long as short |
| edgeX MUUSDC | −0.0002% | 4h | 1,036.3 | +0.050% | $1.3M | $671K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,035.9 | +0.017% | $21.1M | $64.2M | 20x | as long as short |
| Binance MUUSDTlong | 0.0000% | 8h | 1,035.7 | long leg | $122.0M | $538.2M | 50x | |
| Bybit MUUSDT | 0.0000% | 8h | 1,035.8 | +0.005% | $18.7M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,035.7 | −0.004% | $29.7M | $99.9M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,036 | +0.028% | $313K | $386K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,035.8 | +0.007% | $61.3M | $28.2M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,036.4 | +0.067% | $2.5M | $2.5M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,036.8 | +0.106% | $83K | $1.4M | 10x | as long as short |
Bitget MUUSDT
edgeX MUUSDC
Aster MUUSD1
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,036.1 | +0.036% | $187K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,037.3 | +0.151% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,035.4 | −0.030% | $74K | $586K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,035.1 | −0.058% | $127K | $460K | 50x | as long as short |
| Nado MU-PERP | +0.0010% | 1h | 1,035.9 | +0.014% | $277K | $809K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0016% | 1h | 1,036.3 | +0.053% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0021% | 1h | 1,035.8 | +0.004% | $7.0M | $18.8M | 10x | as long as short |
| Bullet MU-USD | +0.0024% | 1h | 1,035.7 | −0.004% | $24K | $390K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,035.9 | +0.019% | $1.0M | $4.9M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,035.8 | +0.006% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,035.5 | −0.028% | $546K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.508% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,035.9 | +0.019% | $90K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,035.7 | −0.008% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,035.5 | −0.023% | $176.1M | $85.7M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,035.4 | −0.033% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,035.5 | −0.023% | $680K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,035.2 | −0.051% | $1.8M | $2.7M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,035.8 | +0.003% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,035.1 | −0.061% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,038.8 | +0.293% | $734K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,035.8 | +0.006% | $147K | $188K | 10x | as long as short |
| KuCoin MUUSDTMshort | +0.0100% | 8h | 1,035.8 | +0.008% | $5.2M | $3.9M | 20x | |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,036.1 | +0.039% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,035.5 | −0.021% | $823 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,036.5 | +0.073% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,036.8 | +0.102% | $530K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Nado MU-PERP
Aftermath Perps MUUSD
QFEX MU-USD
Bullet MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Pacifica MU
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU