Funding you earn now, next payment 07:00 UTC+0.0218%/8h= +23.9% APRpaid last 24h +0.023%
Price spread now: tradeXYZ against Bitget−0.036%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$350.351% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 7 days−0.035%−$4 · spread now −0.036%, 7d avg −0.081%
=Together, before fees+0.003%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and tradeXYZ is 0.046% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.081%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MUUSDT | 1,038.7 | −0.0168 | get 0.0168% / 8h | 1h 16m | $20.2M | $40.4M | 50x |
| Short | tradeXYZ xyz:MU | 1,038.3 | 0.0050 | get 0.0006% / 1h | 16m 10s | $176.4M | $86.7M | 10x |
Bitget MUUSDT
tradeXYZ xyz:MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Bitget. 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
- $45.78
- Price spread: −0.036% → −0.081%
- $4.58
- Slippage, 4 orders
- −$5.05
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $15.31
- Costs to cover
- 0.351%
- Break-even
- 4.7 days
Slippage from Bitget: live order book, 3 min ago; tradeXYZ: live order book, 4 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 Bitget live order book, 3 min ago | 0.34 bp | 7.7 bp −$8 | 11.5 bp −$115 | 16.4 bp −$1,638 | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 0.96 bp | 10.4 bp −$10 | 11.4 bp −$114 | 16.6 bp −$1,658 | 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 | −0.0529% | 4h | 1,038.7 | +0.003% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDTlong | −0.0168% | 8h | 1,038.7 | long leg | $20.2M | $40.4M | 50x | |
| Nado MU-PERP | −0.0010% | 1h | 1,038.7 | −0.002% | $279K | $814K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,038.9 | +0.025% | $21.1M | $60.9M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.5 | −0.018% | $122.1M | $538.7M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,038.6 | −0.012% | $18.7M | $32.3M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,038.5 | −0.017% | $29.8M | $100.1M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,038.7 | +0.004% | $313K | $387K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.3 | −0.032% | $61.6M | $28.7M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,039.2 | +0.053% | $2.5M | $2.6M | — | as long as short |
edgeX MUUSDC
Nado MU-PERP
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MUShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,038.8 | +0.013% | $84K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,039.4 | +0.067% | $188K | $3.5M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,038.5 | −0.012% | $26K | $390K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039.9 | +0.118% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,038.3 | −0.039% | $74K | $572K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,038.1 | −0.051% | $128K | $442K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0013% | 1h | 1,038.8 | +0.012% | $3K | $44K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,038.6 | −0.003% | $1.1M | $4.9M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,038.5 | −0.018% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,038.2 | −0.046% | $537K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,038.6 | −0.003% | $7.0M | $18.7M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.222% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,038.4 | −0.027% | $90K | $250K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,039 | +0.035% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MUshort | +0.0050% | 1h | 1,038.3 | −0.036% | $176.4M | $86.7M | 10x | |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.3 | −0.036% | $169K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,038.5 | −0.018% | $682K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,038.1 | −0.058% | $1.8M | $2.7M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,039 | +0.033% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,038.1 | −0.052% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,038.6 | −0.010% | $147K | $190K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038.2 | −0.043% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,039.3 | +0.060% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.4 | −0.022% | $826 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,036 | −0.255% | $731K | $1.2M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,039.1 | +0.041% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,039.4 | +0.070% | $532K | $270K | 15x | as long as short |
GRVT MU_USDT_Perp
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Phoenix MU