Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%

Price spread now: Ondo Perps against KuCoin−0.065%7-day average −0.056% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 7 days−0.195%−$20 · spread now −0.065%, 7d avg −0.056%

Together, before fees−0.284%+ Points / potential airdropOndo Perps: Active · farm board−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MUUSDTM	1,050.6	0.0100	pay 0.0100% / 8h	6h 59m	$5.3M	$3.5M	20x
Short	Ondo Perps MU-USD.P	1,049.9	0.0050	get 0.0006% / 1h	59m 11s	$1.9M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$10.42
Price spread: −0.065% → −0.056%: −$0.84
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$28.25
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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	3.62 bp	11.5 bp −$12	468.7 bp −$4,687	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0387%	4h	1,050.6	+0.002%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.2	−0.033%	$62.6M	$27.2M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	−0.046%	$190K	$3.3M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050.6	+0.001%	$26K	$396K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.4	+0.081%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.2	−0.039%	$66K	$315K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.4	−0.019%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.4	−0.020%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.3	−0.029%	$1.2M	$4.1M	10x	as long as short
Lighter MU	+0.0040%	1h	1,050.3	−0.028%	$1.1M	$4.7M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MU-USD-PERP	+0.0046%	1h	1,051.5	+0.086%	—	$179K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,050.2	−0.037%	$178.3M	$100.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.2	−0.037%	$171K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.3	−0.031%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.Pshort	+0.0050%	1h	1,049.9	−0.065%	$1.9M	$2.3M	10x
QFEX MU-USD	+0.0054%	1h	1,050.5	−0.008%	$7.6M	$20.9M	10x	as long as short
Nado MU-PERP	+0.0079%	1h	1,050.5	−0.013%	$275K	$858K	10x	as long as short
Paradex MU-USD-PERP	+0.0080%	8h	1,050.7	+0.013%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0100%	8h	1,050.2	−0.040%	$30.9M	$101.4M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,050.5	−0.007%	$149K	$186K	10x	as long as short
KuCoin MUUSDTMlong	+0.0100%	8h	1,050.6	long leg	$5.3M	$3.5M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,050.5	−0.007%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.5	−0.010%	$835	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.073%	$19K	$5K	12x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.5	−0.010%	$762K	$1.2M	10x	as long as short
Bybit MUUSDT	+0.0150%	8h	1,050.5	−0.010%	$19.4M	$32.6M	100x	as long as short
Aevo MU-PERP	+0.0152%	1h	1,050.2	−0.034%	$32K	$1K	10x	as long as short
Extended MU_24_5-USD	+0.0216%	1h	1,049.8	−0.074%	$559K	$1.2M	10x	as long as short
Arcus MU-USD	+0.0240%	1h	1,050.6	0.000%	$71K	$242K	10x	as long as short
Variational Omni MU	+0.0260%	8h	1,050.4	−0.022%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0268%	8h	1,051	+0.038%	$21.6M	$48.7M	20x	as long as short
Binance MUUSDT	+0.0272%	8h	1,050.3	−0.025%	$126.0M	$522.3M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.9	+0.030%	$538K	$273K	15x	as long as short
BloFin MU-USDT	+0.0392%	8h	1,050.4	−0.018%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0406%	8h	1,050.4	−0.017%	$20.5M	$41.6M	50x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,050.7	+0.013%	$316K	$340K	20x	as long as short
GRVT MU_USDT_Perp	+0.0549%	8h	1,050.6	+0.006%	$83K	$1.3M	10x	as long as short