Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against HTX−0.012%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$490.490% of the position
Funding, last 7 days+0.171%+$17 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.012%, 7d avg −0.037%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.025% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX MU-USDT | 1,037.5 | 0 | get 0.0000% / 8h | 6h 06m | $119K | $475K | 50x |
| Short | KuCoin MUUSDTM | 1,037.4 | 0.0100 | get 0.0100% / 8h | 6h 06m | $5.2M | $5.7M | 20x |
HTX MU-USDT
KuCoin MUUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: −0.012% → −0.037%
- $2.53
- Slippage, 4 orders
- −$24.99
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$25.45
- Costs to cover
- 0.490%
- Break-even
- 15.5 days
Slippage from HTX: live order book, 45 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 HTX live order book, 45 min ago | 3.88 bp | 9.9 bp −$10 | 15.6 bp −$156 | 24.7 bp −$2,469 | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 3.24 bp | 14.9 bp −$15 | 27.4 bp −$274 | doesn't fit | doesn't fit |
MU on 37 exchanges
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 | −0.0333% | 4h | 1,035.1 | −0.231% | $1.3M | $694K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,039.2 | +0.167% | $21.2M | $73.1M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.7 | +0.119% | $121.3M | $552.6M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,038.3 | +0.077% | $29.5M | $107.2M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,037.8 | +0.032% | $61.7M | $28.1M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,038.4 | +0.091% | $19.9M | $43.2M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,035.2 | −0.217% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,035.1 | −0.229% | $187K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,040.9 | +0.331% | $11K | $5.1M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,037.9 | +0.043% | $38K | $711K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDTlong | 0.0000% | 8h | 1,037.5 | long leg | $119K | $475K | 50x | |
| Lighter RH MU | +0.0032% | 1h | 1,038.4 | +0.089% | $1.1M | $4.6M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0032% | 1h | 1,035.3 | −0.213% | $3K | $42K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.338% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,038.6 | +0.108% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,037.6 | +0.012% | $168K | $178K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,036.7 | −0.077% | $1.9M | $3.2M | 10x | as long as short |
| Bybit MUUSDT | +0.0053% | 8h | 1,038.6 | +0.103% | $18.9M | $32.5M | 100x | as long as short |
| SoDEX MU-USD | +0.0056% | 1h | 1,037.7 | +0.017% | $681K | $13K | 10x | as long as short |
| QFEX MU-USD | +0.0059% | 1h | 1,038 | +0.047% | $7.0M | $19.1M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0073% | 8h | 1,038.2 | +0.069% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.8 | +0.031% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.9 | +0.038% | $146K | $223K | 10x | as long as short |
| KuCoin MUUSDTMshort | +0.0100% | 8h | 1,037.4 | −0.012% | $5.2M | $5.7M | 20x | |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,035.7 | −0.175% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.3 | +0.083% | $825 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0107% | 1h | 1,037.7 | +0.025% | $296K | $351K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038.2 | +0.070% | $1.5M | $2.5M | 20x | as long as short |
| Nado MU-PERP | +0.0124% | 1h | 1,037.6 | +0.014% | $273K | $840K | 10x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,037.4 | −0.007% | $90K | $148K | 10x | as long as short |
| Lighter MU | +0.0152% | 1h | 1,039.3 | +0.176% | $1.0M | $5.1M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,035.4 | −0.201% | $734K | $1.1M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0182% | 1h | 1,037.8 | +0.031% | $176.1M | $75.2M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0183% | 8h | 1,035.5 | −0.192% | $76K | $1.4M | 10x | as long as short |
| Bullet MU-USD | +0.0209% | 1h | 1,038.1 | +0.063% | $24K | $386K | 10x | as long as short |
| Phoenix MU | +0.0310% | 1h | 1,035.5 | −0.191% | $530K | $269K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0320% | 1h | 1,037.4 | −0.012% | $552K | $1.1M | 10x | as long as short |
Lighter RH MU
Aftermath Perps MUUSD
Injective MU/USDC PERP
Vest MU-USD-PERP
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
Bybit MUUSDT
SoDEX MU-USD
QFEX MU-USD
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
BloFin MU-USDT
Nado MU-PERP
Arcus MU-USD
Lighter MU
Coinbase International MU-PERP-INTX
tradeXYZ xyz:MU
GRVT MU_USDT_Perp
Bullet MU-USD
Phoenix MU
Extended MU_24_5-USD