Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%

Price spread now: Vest against KuCoin+0.063%7-day average +0.698% · you sell dearer than you buy

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

Long on KuCoin Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.063%, 7d avg +0.698%

Together, before fees−0.130%+ Points / potential airdropVest: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Vest is 0.635% cheaper against KuCoin than usual: you would sell low and buy high (−$64 if the spread goes back to its 7-day average of +0.698%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MUUSDTM	1,049.8	0.0100	pay 0.0100% / 8h	6h 13m	$5.3M	$3.5M	20x
Short	Vest MU-USD-PERP	1,050.4	0.0046	get 0.0006% / 1h	13m 30s	—	$175K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$11.41
Price spread: +0.063% → +0.698%: −$63.51
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$88.92
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; Vest: 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	2.86 bp	15.1 bp −$15	515.6 bp −$5,156	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 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	+0.007%	$1.3M	$673K	10x	as long as short
Nado MU-PERP	−0.0003%	1h	1,049.6	−0.019%	$277K	$854K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,049.6	−0.021%	$19.2M	$32.6M	100x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.6	−0.021%	$62.0M	$27.7M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.6	−0.016%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050.2	+0.038%	$25K	$394K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.4	+0.154%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.8	−0.001%	$66K	$342K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.7	−0.003%	$129K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,049.7	−0.011%	$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	1,049.4	−0.032%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.5	−0.026%	$1.2M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.2	−0.050%	$567K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,049.6	−0.018%	$7.4M	$19.2M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.7	−0.008%	$71K	$236K	10x	as long as short
GRVT MU_USDT_Perp	+0.0041%	8h	1,050.2	+0.042%	$81K	$1.3M	10x	as long as short
Vest MU-USD-PERPshort	+0.0046%	1h	1,050.4	+0.063%	—	$175K	25x
OKX MU-USDT-SWAP	+0.0048%	8h	1,049.2	−0.050%	$30.8M	$100.4M	50x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049.5	−0.026%	$178.2M	$99.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049	−0.073%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050	+0.017%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.3	−0.043%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0061%	8h	1,049.7	−0.005%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,049.5	−0.028%	$148K	$187K	10x	as long as short
KuCoin MUUSDTMlong	+0.0100%	8h	1,049.8	long leg	$5.3M	$3.5M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,050.3	+0.051%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.1	+0.031%	$835	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.151%	$19K	$5K	12x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,049.7	−0.007%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.3	+0.049%	$757K	$1.2M	10x	as long as short
Aster MUUSD1	+0.0145%	8h	1,049.9	+0.015%	$21.6M	$51.7M	20x	as long as short
Variational Omni MU	+0.0171%	8h	1,049.8	+0.003%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0186%	8h	1,049.6	−0.021%	$126.4M	$522.4M	50x	as long as short
Bitget MUUSDT	+0.0222%	8h	1,049.6	−0.019%	$20.6M	$41.9M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,050.2	+0.041%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,049.7	−0.005%	$334K	$349K	20x	as long as short