Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h −0.009%

Price spread now: KuCoin against Arcus+0.021%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$530.532% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.074%−$7 on $10k

Price spread, last 4 days (all we have)+0.005%$0 · spread now +0.021%, 7d avg +0.001%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.020% dearer against Arcus than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.001%. Mind the row above: over the last 4 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MU-USD	1,042.7	0.0040	pay 0.0005% / 1h	4m 27s	$70K	$232K	10x
Short	KuCoin MUUSDTM	1,042.9	0.0100	get 0.0100% / 8h	3h 04m	$5.2M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Arcus. 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 ArcusbpFee KuCoinbpOrdersPrice spread, now +0.021%Rate

Funding earned: $12.54
Price spread: +0.021% → +0.001%: $2.03
Slippage, 4 orders: −$36.66
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$38.59
Costs to cover: 0.532%
Break-even: 28.5 days

Slippage from Arcus: live order book, 49 min ago; KuCoin: live order book, 8 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 Arcus live order book, 49 min ago	2.38 bp	9.6 bp −$10	12.5 bp −$125	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	2.49 bp	16.9 bp −$17	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	−0.0615%	4h	1,042.3	−0.031%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,043.7	+0.098%	$21.2M	$57.0M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,043.4	+0.067%	$123.3M	$525.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,043.4	+0.066%	$18.6M	$31.9M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,043.2	+0.052%	$30.7M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,043.2	+0.055%	$337K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.3	+0.057%	$62.0M	$28.1M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,043.5	+0.077%	$20.5M	$41.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,043.3	+0.062%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,042.5	−0.018%	$83K	$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	1,043.2	+0.051%	$189K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,044.2	+0.151%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,042.7	+0.003%	$73K	$491K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042.4	−0.023%	$130K	$435K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,042.5	−0.012%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0031%	1h	1,042.8	+0.011%	$281K	$823K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,042.9	+0.022%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,043.1	+0.045%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.9	+0.027%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,042.3	−0.030%	$554K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.834%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0038%	1h	1,043.3	+0.061%	$26K	$392K	10x	as long as short
Arcus MU-USDlong	+0.0040%	1h	1,042.7	long leg	$70K	$232K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,043.3	+0.059%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,042.9	+0.023%	$177.4M	$94.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,042.9	+0.023%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,042.7	+0.002%	$684K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,043.1	+0.045%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042	−0.060%	$1.9M	$2.3M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,042.8	+0.018%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,043	+0.032%	$147K	$185K	10x	as long as short
KuCoin MUUSDTMshort	+0.0100%	8h	1,042.9	+0.021%	$5.2M	$3.4M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,042.3	−0.036%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.3	+0.062%	$829	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.6	+0.186%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,042.9	+0.024%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,043.1	+0.042%	$534K	$271K	15x	as long as short