MU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: HTX against KuCoin−0.020%7-day average +0.037% · 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−$54as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.171%−$17 on $10k

Price spread, last 3 days (all we have)+0.065%+$6 · spread now −0.020%, 7d avg +0.037%

Together, before fees−0.106%−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and HTX is 0.057% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MUUSDTM	1,049.2	0.0100	pay 0.0100% / 8h	6h 13m	$5.3M	$3.5M	20x
Short	HTX MU-USDT	1,048.9	0	get 0.0000% / 8h	6h 13m	$129K	$426K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. 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 KuCoinbpFee HTXbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$21
Price spread: −0.020% → +0.037%: −$5.75
Slippage, 4 orders: −$23.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$74.5
Costs to cover: 0.478%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; HTX: live order book, 55 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, 5 min ago	2.86 bp	15.1 bp −$15	515.6 bp −$5,156	doesn't fit	doesn't fit
Sell HTX live order book, 55 min ago	3.09 bp	9.8 bp −$10	11.0 bp −$110	25.9 bp −$2,588	doesn't fit

MU on 36 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	−0.0227%	4h	1,049.8	+0.066%	$1.3M	$673K	10x	as long as short
Nado MU-PERP	−0.0003%	1h	1,049.6	+0.041%	$277K	$854K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,049.3	+0.010%	$19.2M	$32.6M	100x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.2	+0.008%	$62.0M	$27.7M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.6	+0.043%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,049.1	−0.005%	$25K	$394K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.4	+0.117%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.9	−0.029%	$66K	$342K	10x	as long as short
HTX MU-USDTshort	0.0000%	8h	1,048.9	−0.020%	$129K	$426K	50x
Aftermath Perps MUUSD	+0.0017%	1h	1,049.4	+0.021%	$3K	$45K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,049	−0.012%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049	−0.015%	$1.2M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,048.8	−0.029%	$567K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,049.6	+0.041%	$7.4M	$19.2M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.7	+0.051%	$71K	$236K	10x	as long as short
GRVT MU_USDT_Perp	+0.0041%	8h	1,050.2	+0.101%	$81K	$1.3M	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.4	+0.122%	—	$175K	25x	as long as short
OKX MU-USDT-SWAP	+0.0048%	8h	1,049.2	+0.001%	$30.8M	$100.4M	50x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049	−0.014%	$178.1M	$99.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049	−0.014%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049	−0.010%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.3	+0.016%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0061%	8h	1,049.7	+0.054%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,049.5	+0.031%	$148K	$187K	10x	as long as short
KuCoin MUUSDTMlong	+0.0100%	8h	1,049.2	long leg	$5.3M	$3.5M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,050.3	+0.111%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.2	+0.009%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.211%	$19K	$5K	12x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,048.9	−0.027%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.3	+0.108%	$757K	$1.2M	10x	as long as short
Aster MUUSD1	+0.0145%	8h	1,049.6	+0.046%	$21.6M	$51.7M	20x	as long as short
Variational Omni MU	+0.0171%	8h	1,049.8	+0.062%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0186%	8h	1,048.9	−0.019%	$126.3M	$522.4M	50x	as long as short
Bitget MUUSDT	+0.0222%	8h	1,049.1	−0.004%	$20.5M	$41.9M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,050.2	+0.100%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,049.7	+0.054%	$334K	$349K	20x	as long as short