Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: SunX against KuCoin+0.026%7-day average +0.182% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$900.900% of the position
Funding, last 7 days−0.171%−$17 on $10k
+Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.026%, 7d avg +0.182%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.156% cheaper against KuCoin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.182%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MUUSDTM | 1,028.1 | 0.0100 | pay 0.0100% / 8h | 7h 34m | $5.1M | $4.5M | 20x |
| Short | SunX MU-USDT | 1,028.4 | 0 | get 0.0000% / 8h | 7h 34m | $11K | $5.4M | 10x |
KuCoin MUUSDTM
SunX MU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against KuCoin. 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: +0.026% → +0.182%
- −$15.6
- Slippage, 4 orders
- −$70.04
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$126.64
- Costs to cover
- 0.900%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; SunX: live order book, 5 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 KuCoin live order book, 4 min ago | 2.91 bp | 17.7 bp −$18 | 34.1 bp −$341 | doesn't fit | doesn't fit |
| Sell SunX live order book, 5 min ago | 21.60 bp | 32.8 bp −$33 | doesn't fit | 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 | −0.0646% | 4h | 1,029.1 | +0.097% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0053% | 8h | 1,028.1 | −0.004% | $19.8M | $40.4M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,028.5 | +0.038% | $21.0M | $68.9M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,028.2 | +0.007% | $121.1M | $545.5M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,028.3 | +0.014% | $18.6M | $32.3M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,028.1 | −0.005% | $29.4M | $101.5M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,027.6 | −0.048% | $309K | $374K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,027.3 | −0.078% | $61.9M | $28.0M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,028.1 | −0.005% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,029 | +0.081% | $72K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
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 | 1,028.5 | +0.034% | $186K | $3.6M | 20x | as long as short |
| SunX MU-USDTshort | 0.0000% | 8h | 1,028.4 | +0.026% | $11K | $5.4M | 10x | |
| HTX MU-USDT | 0.0000% | 8h | 1,028.1 | −0.002% | $120K | $489K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0026% | 1h | 1,028.5 | +0.034% | $3K | $43K | 10x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,027.6 | −0.053% | $6.9M | $18.9M | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,028.1 | −0.002% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,027.3 | −0.085% | $540K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +2.259% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,026.9 | −0.123% | $89K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,027 | −0.109% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,026.6 | −0.149% | $166K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,027.9 | −0.025% | $675K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,028 | −0.011% | $1.9M | $2.9M | 10x | as long as short |
| Lighter MU | +0.0056% | 1h | 1,028.4 | +0.021% | $974K | $5.0M | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0057% | 8h | 1,028 | −0.015% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0077% | 1h | 1,028.4 | +0.027% | $266K | $814K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0077% | 1h | 1,026.9 | −0.120% | $173.7M | $79.6M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,027.3 | −0.080% | $32K | $1K | 10x | as long as short |
| Bullet MU-USD | +0.0095% | 1h | 1,027.4 | −0.066% | $25K | $388K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,029.2 | +0.104% | $719K | $1.1M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,027.6 | −0.052% | $145K | $194K | 10x | as long as short |
| KuCoin MUUSDTMlong | +0.0100% | 8h | 1,028.1 | long leg | $5.1M | $4.5M | 20x | |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,028.9 | +0.071% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,028 | −0.013% | $817 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,028.5 | +0.034% | $1.5M | $2.2M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,029.5 | +0.133% | $527K | $270K | 15x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0314% | 1h | 1,028.4 | +0.021% | $72K | $629K | 10x | as long as short |
StandX MU-USD
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Lighter MU
Paradex MU-USD-PERP
Nado MU-PERP
tradeXYZ xyz:MU
Aevo MU-PERP
Bullet MU-USD
Coinbase International MU-PERP-INTX
Pacifica MU
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU
Deribit MU_USDC-PERPETUAL