Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.014%
Price spread now: SoDEX against Binance−0.050%7-day average −0.004% · 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−$39as in the Price arb table
costs, in and out, $10k−$350.349% of the position
Funding, last 3 days (all we have)−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.050%, 7d avg −0.004%
=Funding pays, the price is against you. SoDEX is 0.046% cheaper against Binance than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of −0.004%). If the spread goes back, that is −$5 on $10k: about 3.1 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MUUSDT | 1,038.7 | 0 | get 0.0000% / 8h | 13m 59s | $122.3M | $538.2M | 50x |
| Short | SoDEX MU-USD | 1,038.2 | 0.0050 | get 0.0006% / 1h | 13m 59s | $681K | $15K | 10x |
Binance MUUSDT
SoDEX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $10.5
- Price spread: −0.050% → −0.004%
- −$4.62
- Slippage, 4 orders
- −$16.86
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$28.98
- Costs to cover
- 0.349%
- Break-even
- 26.3 days
Slippage from Binance: live order book, 15 min ago; SoDEX: live order book, 25 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, 15 min ago | 0.05 bp | 5.8 bp −$6 | 7.6 bp −$76 | 18.0 bp −$1,795 | doesn't fit |
| Sell SoDEX live order book, 25 min ago | 0.05 bp | 11.9 bp −$12 | 39.7 bp −$397 | 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 | −0.0636% | 4h | 1,038.3 | −0.034% | $1.3M | $674K | 10x | as long as short |
| Bitget MUUSDT | −0.0163% | 8h | 1,038.8 | +0.008% | $20.2M | $40.0M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,038.8 | +0.011% | $21.2M | $66.7M | 20x | as long as short |
| Binance MUUSDTlong | 0.0000% | 8h | 1,038.7 | long leg | $122.3M | $538.2M | 50x | |
| Bybit MUUSDT | 0.0000% | 8h | 1,038.7 | +0.001% | $18.8M | $32.3M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,038.5 | −0.019% | $29.8M | $100.2M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,038.6 | −0.008% | $313K | $384K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.2 | −0.049% | $61.5M | $28.4M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,038 | −0.066% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,038.3 | −0.036% | $71K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,038.3 | −0.038% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039.9 | +0.120% | $11K | $5.5M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,038.1 | −0.059% | $74K | $617K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,038.5 | −0.021% | $126K | $481K | 50x | as long as short |
| Bullet MU-USD | +0.0009% | 1h | 1,038.4 | −0.024% | $25K | $388K | 10x | as long as short |
| Nado MU-PERP | +0.0016% | 1h | 1,038.2 | −0.042% | $280K | $805K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0018% | 1h | 1,038 | −0.070% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0021% | 1h | 1,038.3 | −0.037% | $7.0M | $18.7M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,038.4 | −0.026% | $1.0M | $4.9M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,038.3 | −0.035% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,038.3 | −0.040% | $545K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.221% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.8 | −0.088% | $90K | $245K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,038.5 | −0.022% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,038.3 | −0.037% | $176.4M | $81.5M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.2 | −0.046% | $168K | $177K | 10x | as long as short |
| SoDEX MU-USDshort | +0.0050% | 1h | 1,038.2 | −0.050% | $681K | $15K | 10x | |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.9 | −0.076% | $1.9M | $2.7M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0050% | 8h | 1,038.4 | −0.027% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.9 | −0.073% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,038.3 | −0.033% | $726K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,038 | −0.064% | $144K | $192K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038.4 | −0.024% | $5.2M | $4.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.5 | −0.022% | $70K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.4 | −0.028% | $826 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038.3 | −0.038% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0232% | 1h | 1,038.7 | +0.002% | $531K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Bullet MU-USD
Nado MU-PERP
Aftermath Perps MUUSD
QFEX MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU