Funding you earn now, next payment 00:00 UTC+0.0421%/8h= +46.1% APRnext payment +$0.53 per $10,000 · paid last 24h +0.034%
Price spread now: RISEx against Bullet+0.034%7-day average −0.002% · 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−$17as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Funding, last 3 days (all we have)−0.091%−$9 on $10k
+Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.034%, 7d avg −0.002%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and RISEx is 0.036% dearer against Bullet than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.002%. Mind the row above: over the last 3 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.091% in total (about -10.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.53 per $10,000. 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 | Bullet MU-USD | 1,045.7 | 0.0104 | pay 0.0013% / 1h | 14m 39s | $25K | $395K | 10x |
| Short | RISEx MU/USDC | 1,046.1 | 0.0525 | get 0.0066% / 1h | 14m 39s | $316K | $339K | 20x |
Bullet MU-USD
RISEx MU/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $88.43
- Price spread: +0.034% → −0.002%
- $3.58
- Slippage, 4 orders
- −$6.59
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $71.42
- Costs to cover
- 0.206%
- Break-even
- 1.3 days
Slippage from Bullet: live order book, 64 min ago; RISEx: live order book, 64 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, 64 min ago | 0.48 bp | 6.2 bp −$6 | 19.3 bp −$193 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 64 min ago | 1.01 bp | 4.0 bp −$4 | 5.4 bp −$54 | 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 | −0.0252% | 4h | 1,045.9 | +0.016% | $1.3M | $674K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,045.6 | −0.012% | $63.0M | $29.1M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,045.5 | −0.021% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,047.4 | +0.165% | $11K | $6.5M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,045.5 | −0.019% | $62K | $283K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,045.5 | −0.021% | $129K | $456K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0028% | 1h | 1,045.5 | −0.021% | $3K | $45K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,045.3 | −0.036% | $1.2M | $4.3M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.479% | $14K | $302 | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,046.1 | +0.037% | — | $194K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,045.5 | −0.019% | $169K | $193K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,045.6 | −0.014% | $686K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,044.5 | −0.114% | $2.0M | $2.7M | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0070% | 8h | 1,045.4 | −0.028% | $30.8M | $104.5M | 50x | as long as short |
| Lighter MU | +0.0072% | 1h | 1,045.1 | −0.055% | $1.0M | $5.0M | 20x | as long as short |
| QFEX MU-USD | +0.0080% | 1h | 1,045.7 | −0.001% | $7.9M | $23.9M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,045.4 | −0.030% | $153K | $183K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,045.3 | −0.035% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,046 | +0.027% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,045.8 | +0.006% | $831 | $799 | 20x | as long as short |
| Bullet MU-USDlong | +0.0104% | 1h | 1,045.7 | long leg | $25K | $395K | 10x | |
| Paradex MU-USD-PERP | +0.0105% | 8h | 1,045.4 | −0.028% | $2K | — | 5x | as long as short |
| Bitget MUUSDT | +0.0115% | 8h | 1,045.4 | −0.027% | $20.5M | $43.5M | 50x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,045.5 | −0.019% | $33K | — | 10x | as long as short |
| Nado MU-PERP | +0.0154% | 1h | 1,045.4 | −0.033% | $271K | $875K | 10x | as long as short |
| Aster MUUSD1 | +0.0165% | 8h | 1,046.3 | +0.055% | $21.5M | $47.3M | 20x | as long as short |
| Variational Omni MU | +0.0178% | 8h | 1,045.8 | +0.006% | $2.7M | $2.5M | — | as long as short |
| tradeXYZ xyz:MU | +0.0181% | 1h | 1,045.4 | −0.029% | $176.7M | $104.6M | 10x | as long as short |
| Binance MUUSDT | +0.0188% | 8h | 1,045.4 | −0.029% | $124.3M | $532.0M | 50x | as long as short |
| GRVT MU_USDT_Perp | +0.0218% | 8h | 1,045.9 | +0.017% | $82K | $1.4M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0224% | 1h | 1,044.9 | −0.075% | $757K | $1.3M | 10x | as long as short |
| Bybit MUUSDT | +0.0260% | 8h | 1,045.5 | −0.018% | $19.2M | $32.4M | 100x | as long as short |
| BloFin MU-USDT | +0.0308% | 8h | 1,045.7 | +0.001% | $1.5M | $2.0M | 20x | as long as short |
| Extended MU_24_5-USD | +0.0344% | 1h | 1,045.2 | −0.051% | $545K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0460% | 1h | 1,046 | +0.029% | $535K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0462% | 1h | 1,045.4 | −0.028% | $70K | $244K | 10x | as long as short |
| RISEx MU/USDCshort | +0.0525% | 1h | 1,046.1 | +0.034% | $316K | $339K | 20x |
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
OKX MU-USDT-SWAP
Lighter MU
QFEX MU-USD
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
Bitget MUUSDT
Aevo MU-PERP
Nado MU-PERP
Aster MUUSD1
Variational Omni MU
tradeXYZ xyz:MU
Binance MUUSDT
GRVT MU_USDT_Perp
Coinbase International MU-PERP-INTX
Bybit MUUSDT
BloFin MU-USDT
Extended MU_24_5-USD
Phoenix MU
Arcus MU-USD