Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.016%

Price spread now: KuCoin against Extended+0.038%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$390.395% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.038%, 7d avg +0.015%

Together, before fees−0.034%+ Points / potential airdropExtended: Active · farm board−$3 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 0.022% dearer against Extended than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,051.7	0.0032	pay 0.0004% / 1h	9m 51s	$566K	$1.1M	10x
Short	KuCoin MUUSDTM	1,052.1	0.0100	get 0.0100% / 8h	4h 09m	$5.3M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.038%Rate

Funding earned: $14.28
Price spread: +0.038% → +0.015%: $2.24
Slippage, 4 orders: −$22.45
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$22.93
Costs to cover: 0.395%
Break-even: 18.2 days

Slippage from Extended: live order book, 3 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 Extended live order book, 3 min ago	0.05 bp	3.4 bp −$3	11.1 bp −$111	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 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	−0.0084%	4h	1,051.4	−0.028%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,052.5	+0.073%	$21.4M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.4	+0.061%	$31.2M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.5	+0.069%	$340K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.2	+0.046%	$62.3M	$27.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,051.9	+0.019%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,051.7	−0.005%	$81K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.9	+0.016%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.7	+0.094%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,052	+0.029%	$72K	$444K	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	1,052.2	+0.045%	$131K	$434K	50x	as long as short
Bybit MUUSDT	+0.0018%	8h	1,052.5	+0.072%	$19.1M	$32.3M	100x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,051.9	+0.014%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.3	+0.049%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USDlong	+0.0032%	1h	1,051.7	long leg	$566K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.036%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052.2	+0.042%	$7.1M	$17.8M	10x	as long as short
Binance MUUSDT	+0.0036%	8h	1,052.3	+0.056%	$126.6M	$516.3M	50x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.7	0.000%	$71K	$234K	10x	as long as short
Nado MU-PERP	+0.0045%	1h	1,052	+0.026%	$282K	$836K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.5	+0.165%	—	$176K	25x	as long as short
Bullet MU-USD	+0.0048%	1h	1,052.5	+0.069%	$26K	$395K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052	+0.025%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.3	+0.052%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051	−0.066%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,052.3	+0.056%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.4	+0.061%	$1.1M	$5.1M	20x	as long as short
Bitget MUUSDT	+0.0063%	8h	1,052.3	+0.056%	$20.5M	$41.1M	50x	as long as short
tradeXYZ xyz:MU	+0.0070%	1h	1,052	+0.025%	$178.8M	$99.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.9	+0.110%	$759K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0088%	1h	1,051.9	+0.012%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.3	+0.053%	$148K	$185K	10x	as long as short
KuCoin MUUSDTMshort	+0.0100%	8h	1,052.1	+0.038%	$5.3M	$3.4M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,051	−0.068%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.3	+0.051%	$837	$799	20x	as long as short
BloFin MU-USDT	+0.0151%	8h	1,052.4	+0.064%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,051.9	+0.016%	$538K	$271K	15x	as long as short