Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.030%

Price spread now: KuCoin against Coinbase International−0.077%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$460.455% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.077%, 7d avg −0.003%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.074% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of −0.003%). If the spread goes back, that is −$7 on $10k: about 12 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.190%, 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	Coinbase International MU-PERP-INTX	1,052.9	0.0080	pay 0.0010% / 1h	7m 45s	$759K	$1.2M	10x
Short	KuCoin MUUSDTM	1,052.1	0.0100	get 0.0100% / 8h	4h 07m	$5.3M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now −0.077%Rate

Funding earned: $4.2
Price spread: −0.077% → −0.003%: −$7.37
Slippage, 4 orders: −$23.52
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$48.69
Costs to cover: 0.455%
Break-even: 88.1 days

Slippage from Coinbase International: live order book, 1 min ago; KuCoin: live order book, 10 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 Coinbase International live order book, 1 min ago	2.04 bp	7.9 bp −$8	13.6 bp −$136	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	3.18 bp	15.1 bp −$15	25.6 bp −$256	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	−0.0884%	4h	1,052	−0.089%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,052.4	−0.043%	$21.4M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.3	−0.055%	$31.2M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.4	−0.045%	$340K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.2	−0.069%	$62.3M	$27.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,051.9	−0.091%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.4	−0.048%	$81K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,052.2	−0.066%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.6	−0.024%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,051.9	−0.091%	$72K	$447K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,052	−0.081%	$131K	$434K	50x	as long as short
Bybit MUUSDT	+0.0014%	8h	1,052.4	−0.049%	$19.1M	$32.2M	100x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,052	−0.082%	$3K	$44K	10x	as long as short
Binance MUUSDT	+0.0031%	8h	1,052.3	−0.058%	$126.6M	$516.3M	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.3	−0.061%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.7	−0.109%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.145%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052.2	−0.066%	$7.1M	$17.8M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.9	−0.094%	$71K	$234K	10x	as long as short
Nado MU-PERP	+0.0043%	1h	1,052.1	−0.073%	$282K	$836K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.4	+0.045%	—	$176K	25x	as long as short
Bullet MU-USD	+0.0046%	1h	1,052.4	−0.050%	$26K	$395K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.9	−0.094%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.2	−0.070%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.4	−0.146%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,052.3	−0.054%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.3	−0.056%	$1.1M	$5.1M	20x	as long as short
Bitget MUUSDT	+0.0059%	8h	1,052.3	−0.055%	$20.5M	$41.1M	50x	as long as short
tradeXYZ xyz:MU	+0.0067%	1h	1,052	−0.085%	$178.8M	$97.8M	10x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0080%	1h	1,052.9	long leg	$759K	$1.2M	10x
Aevo MU-PERP	+0.0088%	1h	1,051.8	−0.102%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.2	−0.063%	$148K	$185K	10x	as long as short
KuCoin MUUSDTMshort	+0.0100%	8h	1,052.1	−0.077%	$5.3M	$3.4M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,052	−0.081%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.1	−0.073%	$836	$799	20x	as long as short
BloFin MU-USDT	+0.0135%	8h	1,052.5	−0.041%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.4	−0.047%	$538K	$271K	15x	as long as short