Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h −0.008%

Price spread now: KuCoin against Bullet−0.039%7-day average −0.050% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$420.423% of the position

Long on Bullet Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.073%−$7 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.039%, 7d avg −0.050%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.073%, 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	Bullet MU-USD	1,046	0.0064	pay 0.0008% / 1h	38m 31s	$25K	$394K	10x
Short	KuCoin MUUSDTM	1,045.6	0.0100	get 0.0100% / 8h	3h 38m	$5.2M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bullet. 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 BulletbpFee KuCoinbpOrdersPrice spread, now −0.039%Rate

Funding earned: $7.54
Price spread: −0.039% → −0.050%: $1.02
Slippage, 4 orders: −$22.34
Fee Bullet: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$33.77
Costs to cover: 0.423%
Break-even: 38.4 days

Slippage from Bullet: live order book, 16 min ago; KuCoin: live order book, 4 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 Bullet live order book, 16 min ago	0.48 bp	6.4 bp −$6	20.6 bp −$206	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 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	−0.0477%	4h	1,047.4	+0.137%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,046.1	+0.011%	$21.2M	$56.3M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,045.9	−0.003%	$125.2M	$518.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,046.1	+0.015%	$18.8M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,045.9	−0.006%	$31.1M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,046	+0.003%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.7	−0.023%	$62.1M	$27.7M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,046.2	+0.018%	$20.4M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,047.2	+0.120%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,047.1	+0.105%	$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	1,045.6	−0.035%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.5	+0.048%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.1	−0.082%	$130K	$432K	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,046.6	+0.066%	$3K	$44K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0027%	1h	1,045.4	−0.055%	$73K	$468K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,045.8	−0.019%	$7.0M	$17.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,045.7	−0.023%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.6	−0.032%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,045.4	−0.055%	$550K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.516%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,046.5	+0.047%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.5	+0.048%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,045.5	−0.044%	$177.2M	$96.4M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.6	−0.035%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,045.6	−0.036%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045	−0.097%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,046.1	+0.009%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0053%	1h	1,045.7	−0.025%	$281K	$828K	10x	as long as short
Bullet MU-USDlong	+0.0064%	1h	1,046	long leg	$25K	$394K	10x
Aevo MU-PERP	+0.0080%	1h	1,045.2	−0.074%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.8	−0.019%	$147K	$186K	10x	as long as short
KuCoin MUUSDTMshort	+0.0100%	8h	1,045.6	−0.039%	$5.2M	$3.4M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,047.5	+0.151%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.5	−0.042%	$831	$799	20x	as long as short
BloFin MU-USDT	+0.0119%	8h	1,046.1	+0.008%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.389%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,048.1	+0.204%	$536K	$271K	15x	as long as short