Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni+0.002%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$700.703% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.002%, 7d avg −0.040%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.042% dearer against ApeX Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MUUSDT	1,045.4	0.0100	pay 0.0013% / 1h	37m 36s	$71K	$269K	50x
Short	KuCoin MUUSDTM	1,045.4	0.0100	get 0.0100% / 8h	3h 37m	$5.2M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. 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 ApeX OmnibpFee KuCoinbpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → −0.040%: $4.23
Slippage, 4 orders: −$48.25
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$66.02
Costs to cover: 0.703%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 14 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 14 min ago	8.58 bp	21.3 bp −$21	200.1 bp −$2,001	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.10 bp	14.8 bp −$15	28.3 bp −$283	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	−0.0636%	4h	1,045.9	+0.051%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,045.8	+0.042%	$21.2M	$56.3M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,045.8	+0.042%	$125.0M	$518.8M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,046	+0.057%	$18.8M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,045.7	+0.028%	$31.1M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,045.8	+0.039%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.5	+0.007%	$62.1M	$27.7M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,045.7	+0.031%	$20.4M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,047.2	+0.174%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,045.8	+0.037%	$81K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,045.5	+0.005%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.5	+0.107%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.5	+0.007%	$130K	$432K	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,046.6	+0.119%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,045.6	+0.015%	$7.0M	$17.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,045.5	+0.012%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.6	+0.014%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,045	−0.036%	$550K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.570%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,046.1	+0.070%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.3	+0.088%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,045.3	−0.010%	$177.1M	$96.4M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.6	+0.019%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,045.6	+0.023%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045	−0.043%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,045.7	+0.032%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0053%	1h	1,045.3	−0.010%	$281K	$828K	10x	as long as short
Bullet MU-USD	+0.0064%	1h	1,046	+0.054%	$25K	$394K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0075%	1h	1,045.7	+0.026%	$73K	$468K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,045.4	+0.002%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.6	+0.016%	$147K	$186K	10x	as long as short
KuCoin MUUSDTMshort	+0.0100%	8h	1,045.4	+0.002%	$5.2M	$3.4M	20x
ApeX Omni MUUSDTlong	+0.0100%	1h	1,045.4	long leg	$71K	$269K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.7	+0.033%	$831	$799	20x	as long as short
BloFin MU-USDT	+0.0119%	8h	1,046.1	+0.062%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.443%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,048.1	+0.258%	$536K	$271K	15x	as long as short