Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: KuCoin against SoDEX−0.012%7-day average −0.021% · 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−$50as in the Price arb table

costs, in and out, $10k−$510.509% of the position

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.012%, 7d avg −0.021%

Together, before fees+0.082%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MU-USD	1,052.3	0.0050	pay 0.0006% / 1h	33m 04s	$691K	$16K	10x
Short	KuCoin MUUSDTM	1,052.2	0.0100	get 0.0100% / 8h	4h 33m	$5.3M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now −0.012%Rate

Funding earned: $10.5
Price spread: −0.012% → −0.021%: $0.89
Slippage, 4 orders: −$30.95
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$39.56
Costs to cover: 0.509%
Break-even: 33.4 days

Slippage from SoDEX: live order book, 26 min ago; KuCoin: live order book, 5 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 SoDEX live order book, 26 min ago	0.05 bp	11.7 bp −$12	39.4 bp −$394	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	3.14 bp	14.1 bp −$14	27.5 bp −$275	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	−0.0164%	4h	1,052.3	−0.006%	$1.3M	$672K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.5	+0.014%	$31.2M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.5	+0.019%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.3	−0.002%	$62.3M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.5	+0.014%	$82K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.7	−0.056%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.3	+0.188%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,052	−0.027%	$69K	$424K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.3	−0.004%	$131K	$436K	50x	as long as short
Aster MUUSD1	+0.0003%	8h	1,052.2	−0.012%	$21.4M	$55.0M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MUUSD	+0.0019%	1h	1,052.2	−0.007%	$3K	$45K	10x	as long as short
Bybit MUUSDT	+0.0025%	8h	1,052.8	+0.041%	$19.1M	$32.3M	100x	as long as short
Variational Omni MU	+0.0032%	8h	1,052.2	−0.008%	$2.7M	$2.4M	—	as long as short
Lighter RH MU	+0.0032%	1h	1,052.3	+0.002%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.8	−0.052%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.091%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052.3	−0.006%	$7.2M	$17.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,052	−0.029%	$71K	$234K	10x	as long as short
Bullet MU-USD	+0.0044%	1h	1,052.6	+0.027%	$25K	$397K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.5	+0.110%	—	$176K	25x	as long as short
Nado MU-PERP	+0.0048%	1h	1,051.9	−0.036%	$282K	$842K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.2	−0.011%	$171K	$202K	10x	as long as short
SoDEX MU-USDlong	+0.0050%	1h	1,052.3	long leg	$691K	$16K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.4	−0.085%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,052.5	+0.018%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.4	+0.010%	$1.1M	$5.1M	20x	as long as short
Binance MUUSDT	+0.0066%	8h	1,052.5	+0.013%	$126.8M	$517.2M	50x	as long as short
tradeXYZ xyz:MU	+0.0078%	1h	1,052.2	−0.011%	$178.9M	$99.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.1	−0.018%	$758K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,052	−0.029%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.2	−0.013%	$148K	$185K	10x	as long as short
KuCoin MUUSDTMshort	+0.0100%	8h	1,052.2	−0.012%	$5.3M	$3.4M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,052.7	+0.040%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.4	+0.007%	$837	$799	20x	as long as short
Bitget MUUSDT	+0.0110%	8h	1,052.4	+0.010%	$20.5M	$41.1M	50x	as long as short
BloFin MU-USDT	+0.0186%	8h	1,052.6	+0.022%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.3	−0.002%	$538K	$271K	15x	as long as short