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= −5.4% APRpaid last 24h −0.015%

Price spread now: Ondo Perps against KuCoin−0.014%7-day average −0.058% · you buy dearer than you sell

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

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 7 days−0.378%−$38 · spread now −0.014%, 7d avg −0.058%

Together, before fees−0.466%+ Points / potential airdropOndo Perps: Active · farm board−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.043% dearer against KuCoin than usual: you sell high and buy low (spread −0.014% now, against its 7-day average of −0.058%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MUUSDTM	1,049.5	0.0100	pay 0.0100% / 8h	6h 13m	$5.3M	$3.5M	20x
Short	Ondo Perps MU-USD.P	1,049.3	0.0050	get 0.0006% / 1h	13m 26s	$1.9M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$10.42
Price spread: −0.014% → −0.058%: $4.33
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$23.09
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; Ondo Perps: 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, 4 min ago	2.86 bp	15.1 bp −$15	515.6 bp −$5,156	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 36 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	−0.0227%	4h	1,049.8	+0.035%	$1.3M	$673K	10x	as long as short
Nado MU-PERP	−0.0003%	1h	1,049.6	+0.010%	$277K	$854K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,049.3	−0.021%	$19.2M	$32.6M	100x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.2	−0.023%	$62.0M	$27.7M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.6	+0.012%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,049.1	−0.035%	$25K	$394K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.4	+0.183%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.8	+0.028%	$66K	$342K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.7	+0.026%	$129K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,049.4	−0.009%	$3K	$45K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,049.4	−0.004%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.5	+0.003%	$1.2M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.2	−0.021%	$567K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,049.6	+0.010%	$7.4M	$19.2M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.7	+0.021%	$71K	$236K	10x	as long as short
GRVT MU_USDT_Perp	+0.0041%	8h	1,050.2	+0.071%	$81K	$1.3M	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.4	+0.091%	—	$175K	25x	as long as short
OKX MU-USDT-SWAP	+0.0048%	8h	1,049	−0.042%	$30.8M	$100.4M	50x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049	−0.045%	$178.1M	$99.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049	−0.045%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049	−0.041%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.Pshort	+0.0050%	1h	1,049.3	−0.014%	$1.9M	$2.3M	10x
Paradex MU-USD-PERP	+0.0061%	8h	1,049.7	+0.024%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,049.5	+0.001%	$148K	$187K	10x	as long as short
KuCoin MUUSDTMlong	+0.0100%	8h	1,049.5	long leg	$5.3M	$3.5M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,050.3	+0.080%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.2	−0.022%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.180%	$19K	$5K	12x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,048.9	−0.057%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.3	+0.077%	$757K	$1.2M	10x	as long as short
Aster MUUSD1	+0.0145%	8h	1,049.8	+0.033%	$21.6M	$51.7M	20x	as long as short
Variational Omni MU	+0.0171%	8h	1,049.8	+0.032%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0186%	8h	1,049.3	−0.014%	$126.4M	$522.4M	50x	as long as short
Bitget MUUSDT	+0.0222%	8h	1,049.3	−0.018%	$20.6M	$41.9M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,050.2	+0.070%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,049.7	+0.023%	$334K	$349K	20x	as long as short