Funding you earn now, next payment 08:00 UTC+0.0123%/8h= +13.5% APRnext payment +$1.23 per $10,000 · paid last 24h +0.035%
Price spread now: BloFin against Binance−0.015%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$240.242% of the position
Funding, last 7 days+0.244%+$24 on $10k
+Price spread, last 4 days (all we have)−0.135%−$13 · spread now −0.015%, 7d avg +0.026%
=Funding pays, the price is against you. BloFin is 0.042% cheaper against Binance than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.026%). If the spread goes back, that is −$4 on $10k: about 27 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MUUSDT | 1,052.4 | 0.0111 | pay 0.0111% / 8h | 5h 10m | $126.7M | $518.2M | 50x |
| Short | BloFin MU-USDT | 1,052.2 | 0.0234 | get 0.0234% / 8h | 5h 10m | $1.5M | $2.0M | 20x |
Binance MUUSDT
BloFin MU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $25.84
- Price spread: −0.015% → +0.026%
- −$4.16
- Slippage, 4 orders
- −$2.24
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$2.56
- Costs to cover
- 0.242%
- Break-even
- 7.7 days
Slippage from Binance: live order book, 3 min ago; BloFin: live order book, 2 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 Binance live order book, 3 min ago | 0.05 bp | 5.0 bp −$5 | 6.4 bp −$64 | 15.5 bp −$1,553 | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.43 bp | 6.8 bp −$7 | 8.1 bp −$81 | 12.5 bp −$1,250 | 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 | −0.0275% | 4h | 1,051.8 | −0.048% | $1.3M | $671K | 10x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,052.3 | −0.003% | $333K | $348K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,052.2 | −0.010% | $62.0M | $27.6M | 75x | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,052.2 | −0.012% | $85K | $1.3M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,051.9 | −0.040% | $190K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,053.9 | +0.151% | $11K | $5.8M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,051.8 | −0.052% | $68K | $386K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,052 | −0.033% | $130K | $430K | 50x | as long as short |
| Bybit MUUSDT | +0.0007% | 8h | 1,052.7 | +0.032% | $19.2M | $32.3M | 100x | as long as short |
| Aftermath Perps MUUSD | +0.0019% | 1h | 1,051.1 | −0.116% | $3K | $45K | 10x | as long as short |
edgeX MUUSDC
RISEx MU/USDC
Gate MU_USDT
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Bybit MUUSDT
Aftermath Perps MUUSDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MU-USDT-SWAP | +0.0019% | 8h | 1,052.4 | +0.005% | $31.1M | $99.9M | 50x | as long as short |
| QFEX MU-USD | +0.0030% | 1h | 1,051.8 | −0.049% | $7.2M | $18.1M | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,052.3 | −0.003% | $1.3M | $4.4M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.094% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,051.6 | −0.071% | $71K | $235K | 10x | as long as short |
| Aster MUUSD1 | +0.0044% | 8h | 1,052.4 | 0.000% | $21.4M | $54.4M | 20x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,053.1 | +0.070% | — | $175K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,051.8 | −0.052% | $171K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,052.2 | −0.017% | $690K | $16K | 10x | as long as short |
| Nado MU-PERP | +0.0050% | 1h | 1,051.8 | −0.054% | $282K | $845K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,051.1 | −0.115% | $1.9M | $2.3M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0054% | 8h | 1,052.3 | −0.002% | $2K | — | 5x | as long as short |
| tradeXYZ xyz:MU | +0.0061% | 1h | 1,052.2 | −0.014% | $178.5M | $99.1M | 10x | as long as short |
| Lighter MU | +0.0064% | 1h | 1,052.3 | −0.010% | $1.1M | $5.1M | 20x | as long as short |
| Bullet MU-USD | +0.0068% | 1h | 1,052.1 | −0.024% | $25K | $398K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0080% | 1h | 1,051.7 | −0.065% | $564K | $1.1M | 10x | as long as short |
| Variational Omni MU | +0.0081% | 8h | 1,051.9 | −0.043% | $2.7M | $2.4M | — | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,051.9 | −0.039% | $758K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,052 | −0.036% | $149K | $184K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,052.2 | −0.015% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,051.8 | −0.049% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,052.1 | −0.021% | $836 | $799 | 20x | as long as short |
| Binance MUUSDTlong | +0.0111% | 8h | 1,052.4 | long leg | $126.7M | $518.2M | 50x | |
| Aevo MU-PERP | +0.0112% | 1h | 1,051.7 | −0.066% | $32K | $1K | 10x | as long as short |
| Bitget MUUSDT | +0.0125% | 8h | 1,052.3 | −0.005% | $20.6M | $41.1M | 50x | as long as short |
| Phoenix MU | +0.0229% | 1h | 1,051.7 | −0.062% | $538K | $271K | 15x | as long as short |
| BloFin MU-USDTshort | +0.0234% | 8h | 1,052.2 | −0.015% | $1.5M | $2.0M | 20x |
OKX MU-USDT-SWAP
QFEX MU-USD
Lighter RH MU
Injective MU/USDC PERP
Arcus MU-USD
Aster MUUSD1
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Nado MU-PERP
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
tradeXYZ xyz:MU
Lighter MU
Bullet MU-USD
Extended MU_24_5-USD
Variational Omni MU
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aevo MU-PERP
Bitget MUUSDT
Phoenix MU