Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.043%

Price spread now: KuCoin against RISEx−0.039%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.039%, 7d avg −0.048%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MU/USDC	1,051.1	0	get 0.0000% / 1h	21m 25s	$333K	$348K	20x
Short	KuCoin MUUSDTM	1,050.7	0.0100	get 0.0100% / 8h	5h 21m	$5.3M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against RISEx. 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 RISExbpFee KuCoinbpOrdersPrice spread, now −0.039%Rate

Funding earned: $21
Price spread: −0.039% → −0.048%: $0.87
Slippage, 4 orders: −$18.27
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$14.4
Costs to cover: 0.363%
Break-even: 11.8 days

Slippage from RISEx: live order book, 42 min ago; KuCoin: live order book, 6 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 RISEx live order book, 42 min ago	1.05 bp	4.0 bp −$4	4.4 bp −$44	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	3.10 bp	15.2 bp −$15	27.2 bp −$272	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	−0.0738%	4h	1,050.1	−0.095%	$1.3M	$671K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,051.3	+0.026%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDClong	0.0000%	1h	1,051.1	long leg	$333K	$348K	20x
Gate MU_USDT	0.0000%	8h	1,050.9	−0.013%	$61.9M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.7	−0.039%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.2	−0.088%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.7	+0.153%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.5	−0.051%	$129K	$429K	50x	as long as short
OKX MU-USDT-SWAP	+0.0019%	8h	1,051.2	+0.011%	$31.0M	$99.8M	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050.4	−0.066%	$3K	$44K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MU-USD	+0.0030%	1h	1,050.7	−0.035%	$7.2M	$18.0M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.7	−0.034%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.028%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.3	−0.076%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.6	+0.052%	—	$175K	25x	as long as short
Nado MU-PERP	+0.0047%	1h	1,050.5	−0.055%	$282K	$847K	10x	as long as short
Lighter MU	+0.0048%	1h	1,050.9	−0.019%	$1.1M	$5.0M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.6	−0.045%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.9	−0.018%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.3	−0.171%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0055%	8h	1,050.9	−0.019%	$2K	—	5x	as long as short
Extended MU_24_5-USD	+0.0056%	1h	1,050.2	−0.084%	$564K	$1.1M	10x	as long as short
Aster MUUSD1	+0.0057%	8h	1,050.7	−0.032%	$21.4M	$53.3M	20x	as long as short
tradeXYZ xyz:MU	+0.0058%	1h	1,050.6	−0.045%	$178.2M	$98.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0064%	1h	1,050.7	−0.037%	$68K	$379K	10x	as long as short
Bullet MU-USD	+0.0065%	1h	1,051.1	+0.003%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.108%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.5	−0.052%	$149K	$185K	10x	as long as short
KuCoin MUUSDTMshort	+0.0100%	8h	1,050.7	−0.039%	$5.3M	$3.4M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,050.3	−0.076%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.9	−0.014%	$835	$799	20x	as long as short
Variational Omni MU	+0.0101%	8h	1,050.2	−0.086%	$2.7M	$2.4M	—	as long as short
Bitget MUUSDT	+0.0111%	8h	1,051	−0.010%	$20.6M	$41.1M	50x	as long as short
Aevo MU-PERP	+0.0112%	1h	1,050.6	−0.048%	$32K	$1K	10x	as long as short
Binance MUUSDT	+0.0123%	8h	1,051.1	+0.006%	$126.6M	$518.5M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.7	−0.035%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0245%	8h	1,050.7	−0.040%	$1.5M	$2.0M	20x	as long as short