Funding you earn now, next payment 05:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h +0.008%
Price spread now: Bullet against KuCoin+0.010%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$420.423% of the position
Funding, last 3 days (all we have)+0.073%+$7 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now +0.010%, 7d avg +0.050%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bullet is 0.040% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.050%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.073%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MUUSDTM | 1,045.6 | 0.0100 | pay 0.0100% / 8h | 3h 38m | $5.2M | $3.4M | 20x |
| Short | Bullet MU-USD | 1,045.7 | 0.0065 | get 0.0008% / 1h | 38m 44s | $25K | $395K | 10x |
KuCoin MUUSDTM
Bullet MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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
- −$7.31
- Price spread: +0.010% → +0.050%
- −$4.01
- Slippage, 4 orders
- −$22.34
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$53.65
- Costs to cover
- 0.423%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Bullet: live order book, 15 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, 4 min ago | 2.10 bp | 14.9 bp −$15 | 31.1 bp −$311 | doesn't fit | doesn't fit |
| Sell Bullet live order book, 15 min ago | 0.48 bp | 6.2 bp −$6 | 20.5 bp −$205 | 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 | +0.171% | $1.3M | $671K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,045.9 | +0.030% | $21.2M | $56.3M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,046.1 | +0.043% | $125.2M | $518.7M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,046.2 | +0.060% | $18.8M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,046 | +0.033% | $31.1M | $99.6M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,046.1 | +0.050% | $338K | $353K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,045.7 | +0.009% | $62.1M | $27.7M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,046.2 | +0.053% | $20.4M | $41.3M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,047.2 | +0.155% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,047.1 | +0.140% | $81K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,046.9 | +0.126% | $189K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,046.5 | +0.083% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,045.1 | −0.048% | $130K | $432K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0024% | 1h | 1,047 | +0.133% | $3K | $44K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0027% | 1h | 1,045.4 | −0.020% | $73K | $468K | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,045.8 | +0.014% | $7.1M | $17.8M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,045.7 | +0.011% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,045.5 | −0.010% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,045.4 | −0.019% | $550K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.551% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,046.9 | +0.126% | $71K | $233K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,046.6 | +0.096% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,045.5 | −0.010% | $177.2M | $96.4M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,045.6 | 0.000% | $170K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,045.6 | −0.001% | $686K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,045.1 | −0.044% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,046.2 | +0.058% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0054% | 1h | 1,045.3 | −0.027% | $281K | $828K | 10x | as long as short |
| Bullet MU-USDshort | +0.0065% | 1h | 1,045.7 | +0.010% | $25K | $395K | 10x | |
| Aevo MU-PERP | +0.0080% | 1h | 1,045.2 | −0.039% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,045.7 | +0.011% | $147K | $186K | 10x | as long as short |
| KuCoin MUUSDTMlong | +0.0100% | 8h | 1,045.6 | long leg | $5.2M | $3.4M | 20x | |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,047.5 | +0.186% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,045.5 | −0.008% | $831 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0119% | 8h | 1,046.1 | +0.043% | $1.5M | $2.0M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,050 | +0.424% | $757K | $1.2M | 10x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,048.1 | +0.239% | $536K | $271K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Deribit MU_USDC-PERPETUAL
QFEX MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Nado MU-PERP
Aevo MU-PERP
Pacifica MU
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Coinbase International MU-PERP-INTX
Phoenix MU