Funding you earn now, next payment 21:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.09 per $10,000 · paid last 24h +0.052%
Price spread now: Coinbase International against Arcus+0.124%7-day average +0.004% · 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−$18as in the Price arb table
costs, in and out, $10k−$290.295% of the position
Funding, last 3 days (all we have)−0.016%−$2 on $10k
+Price spread, last 3 days (all we have)−0.210%−$21 · spread now +0.124%, 7d avg +0.004%
=The price spread pays, funding is against you. Coinbase International is 0.119% dearer against Arcus than usual: you sell high and buy low (spread +0.124% now, against its 7-day average of +0.004%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.4 days. At the pace of the last 3 days (−0.016% in total) that is about 25 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MU-USD | 1,042.5 | 0.0226 | pay 0.0028% / 1h | 11m 02s | $63K | $230K | 10x |
| Short | Coinbase International MU-PERP-INTX | 1,043.8 | 0.0152 | get 0.0019% / 1h | 11m 02s | $756K | $1.4M | 10x |
Arcus MU-USD
Coinbase International MU-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$15.56
- Price spread: +0.124% → +0.004%
- $11.94
- Slippage, 4 orders
- −$14.97
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$33.09
- Costs to cover
- 0.295%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 12 min ago; Coinbase International: live order book, 3 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, 12 min ago | 3.02 bp | 5.9 bp −$6 | 7.9 bp −$79 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 2.21 bp | 7.2 bp −$7 | 7.3 bp −$73 | 73.9 bp −$7,389 | 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 | −0.0320% | 4h | 1,043 | +0.047% | $1.3M | $674K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,043.3 | +0.072% | $21.5M | $46.3M | 20x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,042.8 | +0.028% | $30.7M | $104.3M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,042.9 | +0.038% | $62.9M | $29.1M | 75x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,044.9 | +0.226% | $11K | $6.7M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,042.8 | +0.023% | $125K | $442K | 50x | as long as short |
| StandX MU-USD | +0.0014% | 1h | 1,042.6 | +0.010% | $188K | $3.3M | 20x | as long as short |
| Aftermath Perps MUUSD | +0.0027% | 1h | 1,042.6 | +0.010% | $3K | $44K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,042.7 | +0.016% | $1.1M | $4.3M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.785% | $14K | $302 | 12x | as long as short |
edgeX MUUSDC
Aster MUUSD1
OKX MU-USDT-SWAP
Gate MU_USDT
SunX MU-USDT
HTX MU-USDT
StandX MU-USD
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MU-USD-PERP | +0.0046% | 1h | 1,042.5 | −0.002% | — | $193K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,042.6 | +0.007% | $165K | $180K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,042.9 | +0.032% | $684K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,041.8 | −0.075% | $2.0M | $2.6M | 10x | as long as short |
| QFEX MU-USD | +0.0057% | 1h | 1,042.8 | +0.026% | $7.8M | $24.1M | 10x | as long as short |
| Bitget MUUSDT | +0.0072% | 8h | 1,042.8 | +0.023% | $20.4M | $42.8M | 50x | as long as short |
| Variational Omni MU | +0.0078% | 8h | 1,043.3 | +0.073% | $2.7M | $2.7M | — | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,042.3 | −0.018% | $153K | $182K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,042.7 | +0.017% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,042.9 | +0.039% | $71K | $267K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,043 | +0.048% | $829 | $799 | 20x | as long as short |
| Aevo MU-PERP | +0.0104% | 1h | 1,042.8 | +0.026% | $33K | — | 10x | as long as short |
| Binance MUUSDT | +0.0107% | 8h | 1,042.6 | +0.011% | $124.7M | $540.4M | 50x | as long as short |
| Paradex MU-USD-PERP | +0.0120% | 8h | 1,042.8 | +0.026% | $2K | — | 5x | as long as short |
| Coinbase International MU-PERP-INTXshort | +0.0152% | 1h | 1,043.8 | +0.124% | $756K | $1.4M | 10x | |
| GRVT MU_USDT_Perp | +0.0174% | 8h | 1,043.2 | +0.067% | $82K | $1.4M | 10x | as long as short |
| Bybit MUUSDT | +0.0186% | 8h | 1,042.9 | +0.038% | $19.1M | $32.5M | 100x | as long as short |
| Nado MU-PERP | +0.0195% | 1h | 1,042 | −0.048% | $307K | $845K | 10x | as long as short |
| Lighter MU | +0.0200% | 1h | 1,042.8 | +0.022% | $999K | $4.8M | 20x | as long as short |
| RISEx MU/USDC | +0.0202% | 1h | 1,043.2 | +0.067% | $285K | $333K | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0211% | 1h | 1,042.8 | +0.026% | $176.3M | $107.2M | 10x | as long as short |
| Arcus MU-USDlong | +0.0226% | 1h | 1,042.5 | long leg | $63K | $230K | 10x | |
| BloFin MU-USDT | +0.0227% | 8h | 1,043 | +0.047% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0230% | 1h | 1,043.3 | +0.074% | $534K | $303K | 15x | as long as short |
| Bullet MU-USD | +0.0232% | 1h | 1,042.9 | +0.033% | $26K | $400K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0287% | 1h | 1,042.8 | +0.023% | $58K | $224K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0696% | 1h | 1,041.9 | −0.060% | $540K | $1.1M | 10x | as long as short |
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Bitget MUUSDT
Variational Omni MU
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aevo MU-PERP
Binance MUUSDT
Paradex MU-USD-PERP
GRVT MU_USDT_Perp
Bybit MUUSDT
Nado MU-PERP
Lighter MU
RISEx MU/USDC
tradeXYZ xyz:MU
BloFin MU-USDT
Phoenix MU
Bullet MU-USD
Deribit MU_USDC-PERPETUAL
Extended MU_24_5-USD