Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.003%
Price spread now: Arcus against Bullet+0.044%47s7-day average −0.049% · 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—prices read too far apart to compare
costs, in and out, $10k−$330.334% of the position
Funding, last 3 days (all we have)−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.044%, 7d avg −0.049%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.093% dearer against Bullet than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.049%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet MU-USD | 1,038.9 | 0 | get 0.0000% / 1h | 55m 20s | $26K | $390K | 10x |
| Short | Arcus MU-USD | 1,039.3 | 0.0040 | get 0.0005% / 1h | 55m 20s | $70K | $231K | 10x |
Bullet MU-USD
Arcus MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Bullet. 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: +0.044% → −0.049%
- $9.29
- Slippage, 4 orders
- −$20.86
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$15.62
- Costs to cover
- 0.334%
- Break-even
- 19.9 days
Slippage from Bullet: live order book, 54 min ago; Arcus: live order book, 53 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 Bullet live order book, 54 min ago | 0.96 bp | 6.4 bp −$6 | 19.8 bp −$198 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 53 min ago | 3.74 bp | 10.9 bp −$11 | 13.4 bp −$134 | 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 | −0.0729% | 4h | 1,040.3 | +0.135% | $1.3M | $671K | 10x | as long as short |
| Bitget MUUSDT | −0.0067% | 8h | 1,038.9 | +0.002% | $20.3M | $41.3M | 50x | as long as short |
| Nado MU-PERP | 0.0000% | 1h | 1,038.5 | −0.039% | $277K | $817K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,039 | +0.012% | $21.2M | $57.3M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.8 | −0.008% | $121.8M | $536.6M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,038.8 | −0.006% | $18.6M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,038.9 | +0.006% | $29.9M | $101.5M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,039 | +0.010% | $315K | $384K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.6 | −0.025% | $61.5M | $28.2M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,038.8 | −0.011% | $2.5M | $2.6M | — | as long as short |
edgeX MUUSDC
Bitget MUUSDT
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 | 1,039.7 | +0.084% | $84K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,038.7 | −0.013% | $188K | $3.5M | 20x | as long as short |
| Bullet MU-USDlong | 0.0000% | 1h | 1,038.9 | long leg | $26K | $390K | 10x | |
| SunX MU-USDT | 0.0000% | 8h | 1,040.3 | +0.137% | $11K | $5.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,038.5 | −0.036% | $128K | $441K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0019% | 1h | 1,039.5 | +0.060% | $3K | $44K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,038.7 | −0.019% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,038.3 | −0.057% | $544K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,038.5 | −0.034% | $7.0M | $18.4M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.202% | $19K | $5K | 12x | as long as short |
| Arcus MU-USDshort | +0.0040% | 1h | 1,039.3 | +0.044% | $70K | $231K | 10x | |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,039 | +0.013% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,038.5 | −0.036% | $176.6M | $90.9M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.4 | −0.045% | $169K | $196K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,038.5 | −0.035% | $682K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,038.9 | +0.001% | $1.8M | $2.5M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0053% | 8h | 1,038.8 | −0.004% | $2K | — | 5x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0058% | 1h | 1,038.7 | −0.019% | $74K | $541K | 10x | as long as short |
| Lighter MU | +0.0064% | 1h | 1,038.8 | −0.005% | $1.1M | $4.9M | 20x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,038.3 | −0.054% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,038.6 | −0.026% | $147K | $190K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038.6 | −0.025% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,039.2 | +0.031% | $70K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.6 | −0.025% | $826 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,036 | −0.279% | $731K | $1.3M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038.7 | −0.017% | $1.4M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,039.4 | +0.051% | $532K | $270K | 15x | as long as short |
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Injective MU/USDC PERP
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Deribit MU_USDC-PERPETUAL
Lighter MU
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