Funding you earn now, next payment 12:00 UTC−0.0186%/8h= −20.4% APRpaid last 24h −0.014%
Price spread now: Binance against Arcus+0.035%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$220.221% of the position
Funding, last 4 days (all we have)−0.080%−$8 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now +0.035%, 7d avg +0.046%
=The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MU-USD | 1,033.7 | 0.0186 | pay 0.0023% / 1h | 10m 00s | $90K | $166K | 10x |
| Short | Binance MUUSDT | 1,034.1 | 0 | get 0.0000% / 8h | 4h 10m | $121.1M | $553.4M | 50x |
Arcus MU-USD
Binance MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$39.16
- Price spread: +0.035% → +0.046%
- −$1.04
- Slippage, 4 orders
- −$7.59
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$62.29
- Costs to cover
- 0.221%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 31 min ago; Binance: live order book, 12 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 Arcus live order book, 31 min ago | 2.32 bp | 6.3 bp −$6 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.05 bp | 5.1 bp −$5 | 7.2 bp −$72 | 17.1 bp −$1,715 | doesn't fit |
MU on 37 exchanges
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 | −0.0583% | 4h | 1,034.9 | +0.121% | $1.3M | $694K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,034.5 | +0.082% | $21.1M | $74.0M | 20x | as long as short |
| Binance MUUSDTshort | 0.0000% | 8h | 1,034.1 | +0.035% | $121.1M | $553.4M | 50x | |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,034.3 | +0.062% | $29.8M | $106.3M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,034.1 | +0.037% | $61.0M | $27.9M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,034.1 | +0.043% | $19.8M | $43.1M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,034.1 | +0.038% | $2.6M | $2.4M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,034.4 | +0.070% | $187K | $3.8M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,035.9 | +0.208% | $11K | $4.7M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,033.6 | −0.014% | $31K | $762K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,034 | +0.031% | $119K | $456K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,033.9 | +0.023% | $1.1M | $4.4M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.708% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0038% | 1h | 1,034.3 | +0.059% | $3K | $41K | 10x | as long as short |
| RISEx MU/USDC | +0.0045% | 1h | 1,034.5 | +0.074% | $295K | $330K | 20x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,034.4 | +0.063% | — | $175K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,033.7 | 0.000% | $168K | $173K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,034 | +0.026% | $680K | $14K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,033.4 | −0.032% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0059% | 1h | 1,034.2 | +0.050% | $7.0M | $19.4M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0070% | 8h | 1,034.2 | +0.048% | $2K | — | 5x | as long as short |
| Bybit MUUSDT | +0.0080% | 8h | 1,034.2 | +0.049% | $18.7M | $31.5M | 100x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,033.6 | −0.009% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,034.4 | +0.065% | $151K | $211K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,033.8 | +0.009% | $5.2M | $7.1M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,034.5 | +0.073% | $70K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,034 | +0.031% | $822 | $799 | 20x | as long as short |
| GRVT MU_USDT_Perp | +0.0104% | 8h | 1,034.9 | +0.116% | $84K | $1.4M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,034.8 | +0.110% | $1.5M | $2.8M | 20x | as long as short |
| Extended MU_24_5-USD | +0.0136% | 1h | 1,033 | −0.066% | $545K | $1.1M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0136% | 1h | 1,036 | +0.218% | $726K | $1.2M | 10x | as long as short |
| Nado MU-PERP | +0.0141% | 1h | 1,033.7 | +0.001% | $275K | $831K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0147% | 1h | 1,033.8 | +0.010% | $175.9M | $71.4M | 10x | as long as short |
| Lighter MU | +0.0160% | 1h | 1,034.1 | +0.036% | $1.0M | $5.0M | 20x | as long as short |
| Arcus MU-USDlong | +0.0186% | 1h | 1,033.7 | long leg | $90K | $166K | 10x | |
| Bullet MU-USD | +0.0253% | 1h | 1,034.2 | +0.050% | $25K | $385K | 10x | as long as short |
| Phoenix MU | +0.0461% | 1h | 1,034.9 | +0.116% | $530K | $159K | 15x | as long as short |
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
RISEx MU/USDC
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Paradex MU-USD-PERP
Bybit MUUSDT
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
GRVT MU_USDT_Perp
BloFin MU-USDT
Extended MU_24_5-USD
Coinbase International MU-PERP-INTX
Nado MU-PERP
tradeXYZ xyz:MU
Lighter MU
Bullet MU-USD
Phoenix MU