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−0.0086%/8h= −9.4% APRnext payment $0.86 per $10,000 · paid last 24h −0.035%
Price spread now: KuCoin against BloFin−0.034%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$410.411% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.233%−$23 on $10k
Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.034%, 7d avg −0.050%
Together, before fees−0.123%−$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MU-USDT1,052.60.0186pay 0.0186% / 8h4h 33m$1.5M$2.0M20x
ShortKuCoin MUUSDTM1,052.20.0100get 0.0100% / 8h4h 33m$5.3M$3.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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
−$18.09
Price spread: −0.034% → −0.050%
$1.61
Slippage, 4 orders
−$17.08
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$57.56
Costs to cover
0.411%
Break-even
never at this rate
Slippage from BloFin: live order book, 5 min ago; KuCoin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 5 min ago0.19 bp6.2 bp −$67.0 bp −$7011.3 bp −$1,129doesn't fit
Sell KuCoin live order book, 5 min ago3.14 bp14.1 bp −$1427.5 bp −$275doesn't fitdoesn't fit

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−0.0164%4h1,052.3−0.028%$1.3M$672K10xas long as short
OKX MU-USDT-SWAP0.0000%8h1,052.5−0.008%$31.2M$99.7M50xas long as short
RISEx MU/USDC0.0000%1h1,052.5−0.002%$334K$348K20xas long as short
Gate MU_USDT0.0000%8h1,052.4−0.016%$62.3M$27.5M75xas long as short
GRVT MU_USDT_Perp0.0000%8h1,052.5−0.008%$82K$1.3M10xas long as short
StandX MU-USD0.0000%1h1,051.7−0.078%$190K$3.4M20xas long as short
SunX MU-USDT0.0000%8h1,054.3+0.166%$11K$5.8M10xas long as short
Deribit MU_USDC-PERPETUAL0.0000%1h1,052−0.048%$69K$424K10xas long as short
HTX MU-USDT0.0000%8h1,052.3−0.026%$131K$436K50xas long as short
Aster MUUSD1+0.0003%8h1,052.3−0.025%$21.4M$55.0M20xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps MUUSD+0.0019%1h1,052.2−0.029%$3K$45K10xas long as short
Bybit MUUSDT+0.0025%8h1,052.8+0.023%$19.1M$32.3M100xas long as short
Variational Omni MU+0.0032%8h1,052.2−0.030%$2.7M$2.4Mas long as short
Lighter RH MU+0.0032%1h1,052.3−0.020%$1.3M$4.4M10xas long as short
Extended MU_24_5-USD+0.0032%1h1,051.8−0.074%$564K$1.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4−0.113%$19K$5K12xas long as short
QFEX MU-USD+0.0034%1h1,052.3−0.028%$7.2M$17.9M10xas long as short
Arcus MU-USD+0.0040%1h1,052−0.050%$71K$234K10xas long as short
Bullet MU-USD+0.0044%1h1,052.6+0.005%$25K$397K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,053.5+0.088%$176K25xas long as short
Nado MU-PERP+0.0048%1h1,051.9−0.058%$282K$842K10xas long as short
Polymarket Perps MU-USD+0.0050%1h1,052.2−0.033%$171K$202K10xas long as short
SoDEX MU-USD+0.0050%1h1,052.3−0.022%$691K$16K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,051.4−0.106%$1.9M$2.2M10xas long as short
Paradex MU-USD-PERP+0.0052%8h1,052.5−0.004%$2K5xas long as short
Lighter MU+0.0056%1h1,052.4−0.012%$1.1M$5.1M20xas long as short
Binance MUUSDT+0.0066%8h1,052.5−0.009%$126.8M$517.2M50xas long as short
tradeXYZ xyz:MU+0.0078%1h1,052.2−0.033%$178.9M$99.0M10xas long as short
Coinbase International MU-PERP-INTX+0.0080%1h1,052.1−0.040%$758K$1.2M10xas long as short
Aevo MU-PERP+0.0096%1h1,052−0.051%$32K$1K10xas long as short
Pacifica MU+0.0100%1h1,052.2−0.035%$148K$185K10xas long as short
KuCoin MUUSDTMshort+0.0100%8h1,052.2−0.034%$5.3M$3.4M20x
ApeX Omni MUUSDT+0.0100%1h1,052.7+0.018%$71K$268K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,052.4−0.015%$837$79920xas long as short
Bitget MUUSDT+0.0110%8h1,052.5−0.005%$20.5M$41.1M50xas long as short
BloFin MU-USDTlong+0.0186%8h1,052.6long leg$1.5M$2.0M20x
Phoenix MU+0.0304%1h1,052.3−0.024%$538K$271K15xas long as short