Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.007%
Price spread now: Binance against KuCoin+0.115%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$420.425% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 7 days−0.105%−$10 · spread now +0.115%, 7d avg +0.046%
=The price spread pays, funding is against you. Binance is 0.069% dearer against KuCoin than usual: you sell high and buy low (spread +0.115% now, against its 7-day average of +0.046%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.013% in total) that is about 38 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MUUSDTM | 1,028 | 0.0100 | pay 0.0100% / 8h | 7h 20m | $5.1M | $4.7M | 20x |
| Short | Binance MUUSDT | 1,029.2 | 0 | get 0.0000% / 8h | 7h 20m | $121.7M | $548.9M | 50x |
KuCoin MUUSDTM
Binance MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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: +0.115% → +0.046%
- $6.88
- Slippage, 4 orders
- −$20.47
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$56.59
- Costs to cover
- 0.425%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; Binance: 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 KuCoin live order book, 7 min ago | 3.17 bp | 16.8 bp −$17 | 32.1 bp −$321 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.05 bp | 5.4 bp −$5 | 6.6 bp −$66 | 8.4 bp −$842 | 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 | −0.0959% | 4h | 1,026.4 | −0.161% | $1.3M | $695K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,029.2 | +0.118% | $21.0M | $69.2M | 20x | as long as short |
| Binance MUUSDTshort | 0.0000% | 8h | 1,029.2 | +0.115% | $121.7M | $548.9M | 50x | |
| Bybit MUUSDT | 0.0000% | 8h | 1,029.5 | +0.145% | $18.6M | $32.4M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,029.2 | +0.114% | $29.1M | $103.2M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,028 | −0.006% | $293K | $387K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,029.1 | +0.102% | $61.8M | $28.4M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,029.4 | +0.135% | $19.8M | $41.1M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,029.6 | +0.155% | $2.5M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,028.1 | +0.003% | $186K | $3.6M | 20x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MU-USDT | 0.0000% | 8h | 1,030 | +0.193% | $11K | $5.3M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,029.3 | +0.122% | $118K | $494K | 50x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,028.4 | +0.038% | $6.9M | $18.9M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0029% | 1h | 1,026.4 | −0.162% | $3K | $43K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,028.9 | +0.080% | $1.1M | $4.5M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,028.3 | +0.031% | $544K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +2.269% | $19K | $5K | 12x | as long as short |
| GRVT MU_USDT_Perp | +0.0040% | 8h | 1,026.9 | −0.109% | $81K | $1.4M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,028.1 | +0.006% | $89K | $234K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,028.2 | +0.018% | — | $179K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,028.3 | +0.026% | $166K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,028.7 | +0.064% | $675K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,027.5 | −0.049% | $1.9M | $3.1M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0066% | 8h | 1,028.5 | +0.042% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0080% | 1h | 1,029 | +0.097% | $992K | $5.0M | 20x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,028.7 | +0.066% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,029.4 | +0.134% | $719K | $1.1M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,028 | −0.002% | $146K | $194K | 10x | as long as short |
| KuCoin MUUSDTMlong | +0.0100% | 8h | 1,028 | long leg | $5.1M | $4.7M | 20x | |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,026.4 | −0.161% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,028.4 | +0.032% | $818 | $799 | 20x | as long as short |
| Nado MU-PERP | +0.0100% | 1h | 1,027.7 | −0.032% | $264K | $815K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0101% | 1h | 1,028.9 | +0.085% | $174.0M | $78.9M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,029.4 | +0.130% | $1.5M | $2.3M | 20x | as long as short |
| Bullet MU-USD | +0.0143% | 1h | 1,029.1 | +0.104% | $25K | $388K | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,028.4 | +0.036% | $526K | $270K | 15x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0256% | 1h | 1,028.9 | +0.080% | $72K | $630K | 10x | as long as short |
SunX MU-USDT
HTX MU-USDT
QFEX MU-USD
Aftermath Perps MUUSD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
GRVT MU_USDT_Perp
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Lighter MU
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Pacifica MU
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Nado MU-PERP
tradeXYZ xyz:MU
BloFin MU-USDT
Bullet MU-USD
Phoenix MU
Deribit MU_USDC-PERPETUAL