Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.001%

Price spread now: Aevo against KuCoin+0.064%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Aevo is 0.064% dearer against KuCoin than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MUUSDTM	1,028.4	0.0100	pay 0.0100% / 8h	7h 20m	$5.1M	$4.7M	20x
Short	Aevo MU-PERP	1,029.1	0.0080	get 0.0010% / 1h	20m 08s	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now +0.064%Rate

Funding earned: −$4.2
Price spread: +0.064% → 0.000%: $6.44
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$25.76
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 8 min ago; Aevo: no order-book sample. Net counts fees only.

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 KuCoin live order book, 8 min ago	3.17 bp	16.8 bp −$17	32.1 bp −$321	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MUUSDC	−0.0959%	4h	1,026.4	−0.198%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,029.8	+0.139%	$21.0M	$69.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,029.6	+0.119%	$121.8M	$548.7M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,029.5	+0.106%	$29.1M	$103.2M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,029.4	+0.096%	$293K	$386K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,029.4	+0.094%	$61.8M	$28.4M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,029.7	+0.129%	$19.8M	$41.1M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,029.6	+0.118%	$2.5M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,028.6	+0.014%	$186K	$3.6M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,030.5	+0.198%	$11K	$5.3M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,029.1	+0.067%	$118K	$494K	50x	as long as short
Bybit MUUSDT	+0.0007%	8h	1,029.6	+0.119%	$18.6M	$32.4M	100x	as long as short
QFEX MU-USD	+0.0027%	1h	1,029.4	+0.092%	$6.9M	$18.9M	10x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,026.9	−0.148%	$3K	$43K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,029.3	+0.088%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,028.5	+0.011%	$539K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.232%	$19K	$5K	12x	as long as short
GRVT MU_USDT_Perp	+0.0040%	8h	1,026.9	−0.146%	$81K	$1.4M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,029.2	+0.072%	$89K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,029.1	+0.071%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,029.2	+0.077%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,029.4	+0.093%	$676K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,028.6	+0.019%	$1.9M	$3.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0070%	8h	1,029.4	+0.093%	$2K	—	5x	as long as short
Lighter MU	+0.0080%	1h	1,029.5	+0.103%	$992K	$5.0M	20x	as long as short
Aevo MU-PERPshort	+0.0080%	1h	1,029.1	+0.064%	$32K	$1K	10x
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,029.4	+0.097%	$719K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,029	+0.057%	$146K	$194K	10x	as long as short
KuCoin MUUSDTMlong	+0.0100%	8h	1,028.4	long leg	$5.1M	$4.7M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,026.4	−0.197%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,029.1	+0.066%	$818	$799	20x	as long as short
tradeXYZ xyz:MU	+0.0100%	1h	1,029.2	+0.077%	$174.0M	$78.9M	10x	as long as short
Nado MU-PERP	+0.0101%	1h	1,028.5	+0.013%	$263K	$815K	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,029.4	+0.093%	$1.5M	$2.3M	20x	as long as short
Bullet MU-USD	+0.0145%	1h	1,029.6	+0.115%	$25K	$388K	10x	as long as short
Phoenix MU	+0.0231%	1h	1,028.4	−0.001%	$526K	$270K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0294%	1h	1,029.4	+0.093%	$72K	$631K	10x	as long as short