Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.039%
Price spread now: Gate against Arcus+0.012%7-day average +0.014% · 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−$43as in the Price arb table
costs, in and out, $10k−$430.425% of the position
Funding, last 4 days (all we have)−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)+0.055%+$5 · spread now +0.012%, 7d avg +0.014%
=The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: −$1 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 | 1,051.6 | 0.0040 | pay 0.0005% / 1h | 45m 40s | $71K | $234K | 10x |
| Short | Gate MU_USDT | 1,051.8 | 0 | get 0.0000% / 8h | 4h 45m | $62.3M | $27.4M | 75x |
Arcus MU-USD
Gate MU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$8.46
- Price spread: +0.012% → +0.014%
- −$0.2
- Slippage, 4 orders
- −$23.02
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$51.17
- Costs to cover
- 0.425%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 13 min ago; Gate: 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, 13 min ago | 3.42 bp | 8.5 bp −$8 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 1.09 bp | 10.4 bp −$10 | 15.6 bp −$156 | 34.1 bp −$3,410 | 57.8 bp −$28.9K |
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 | −0.0978% | 4h | 1,051.8 | +0.014% | $1.3M | $673K | 10x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,051.9 | +0.026% | $31.2M | $99.9M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,052.2 | +0.049% | $333K | $348K | 20x | as long as short |
| Gate MU_USDTshort | 0.0000% | 8h | 1,051.8 | +0.012% | $62.3M | $27.4M | 75x | |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,051.9 | +0.030% | $78K | $1.3M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,051.7 | +0.004% | $190K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,053.8 | +0.202% | $11K | $5.8M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,051.9 | +0.023% | $69K | $410K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,051.9 | +0.026% | $130K | $432K | 50x | as long as short |
| Aster MUUSD1 | +0.0010% | 8h | 1,052 | +0.032% | $21.4M | $55.0M | 20x | as long as short |
edgeX MUUSDC
OKX MU-USDT-SWAP
RISEx MU/USDC
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aster MUUSD1Show all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUUSDT | +0.0014% | 8h | 1,052.3 | +0.060% | $19.1M | $32.3M | 100x | as long as short |
| Aftermath Perps MUUSD | +0.0017% | 1h | 1,051.7 | +0.011% | $3K | $45K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,051.9 | +0.026% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,051.8 | +0.020% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,051.3 | −0.035% | $564K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.026% | $19K | $5K | 12x | as long as short |
| QFEX MU-USD | +0.0034% | 1h | 1,051.7 | +0.005% | $7.2M | $18.0M | 10x | as long as short |
| Bullet MU-USD | +0.0035% | 1h | 1,052 | +0.035% | $25K | $398K | 10x | as long as short |
| Nado MU-PERP | +0.0040% | 1h | 1,051.7 | +0.004% | $282K | $843K | 10x | as long as short |
| Arcus MU-USDlong | +0.0040% | 1h | 1,051.6 | long leg | $71K | $234K | 10x | |
| Variational Omni MU | +0.0042% | 8h | 1,051.8 | +0.019% | $2.7M | $2.4M | — | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,053.1 | +0.140% | — | $175K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,051.8 | +0.016% | $171K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,052 | +0.030% | $690K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,051.1 | −0.048% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0053% | 8h | 1,051.9 | +0.023% | $2K | — | 5x | as long as short |
| tradeXYZ xyz:MU | +0.0069% | 1h | 1,051.7 | +0.007% | $178.8M | $99.1M | 10x | as long as short |
| Binance MUUSDT | +0.0078% | 8h | 1,052 | +0.032% | $126.8M | $517.2M | 50x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,051.9 | +0.029% | $758K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,051.9 | +0.030% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,051.7 | +0.010% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,051.7 | +0.010% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,052 | +0.035% | $836 | $799 | 20x | as long as short |
| Aevo MU-PERP | +0.0104% | 1h | 1,051.5 | −0.015% | $32K | $1K | 10x | as long as short |
| Bitget MUUSDT | +0.0127% | 8h | 1,051.9 | +0.029% | $20.6M | $41.1M | 50x | as long as short |
| BloFin MU-USDT | +0.0200% | 8h | 1,052 | +0.037% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,052.1 | +0.045% | $538K | $271K | 15x | as long as short |
Bybit MUUSDT
Aftermath Perps MUUSD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
QFEX MU-USD
Bullet MU-USD
Nado MU-PERP
Variational Omni MU
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
tradeXYZ xyz:MU
Binance MUUSDT
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aevo MU-PERP
Bitget MUUSDT
BloFin MU-USDT
Phoenix MU