Funding you earn now, next payment 11:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.04 per $10,000 · paid last 24h +0.005%
Price spread now: tradeXYZ against Bullet−0.057%7-day average −0.056% · 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−$35as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Funding, last 4 days (all we have)−0.067%−$7 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.057%, 7d avg −0.056%
=Together, before fees−0.080%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet MU-USD | 1,039.3 | 0.0206 | pay 0.0026% / 1h | 44m 28s | $24K | $385K | 10x |
| Short | tradeXYZ xyz:MU | 1,038.7 | 0.0236 | get 0.0030% / 1h | 44m 28s | $177.1M | $75.7M | 10x |
Bullet MU-USD
tradeXYZ xyz:MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $6.5
- Price spread: −0.057% → −0.056%
- −$0.03
- Slippage, 4 orders
- −$9.01
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$28.54
- Costs to cover
- 0.350%
- Break-even
- 37.8 days
Slippage from Bullet: live order book, 3 min ago; tradeXYZ: live order book, 9 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, 3 min ago | 1.92 bp | 8.3 bp −$8 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 0.48 bp | 9.5 bp −$9 | 10.9 bp −$109 | 15.6 bp −$1,562 | doesn't fit |
MU on 37 exchanges
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 | −0.0300% | 4h | 1,039.7 | +0.035% | $1.3M | $696K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,039.4 | +0.007% | $21.2M | $73.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,039.1 | −0.019% | $121.6M | $555.5M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,039.1 | −0.022% | $29.7M | $107.7M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.8 | −0.049% | $61.3M | $28.0M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,038.8 | −0.044% | $19.8M | $43.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,039.1 | −0.022% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,038.7 | −0.058% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,040.8 | +0.149% | $11K | $5.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,038.1 | −0.110% | $34K | $725K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,038.9 | −0.036% | $119K | $474K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,038.7 | −0.055% | $1.2M | $4.5M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.162% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0035% | 1h | 1,039 | −0.023% | $3K | $41K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,039.8 | +0.045% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.7 | −0.057% | $169K | $171K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,039 | −0.025% | $683K | $14K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.4 | −0.182% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0058% | 1h | 1,038.4 | −0.083% | $7.0M | $19.3M | 10x | as long as short |
| Bybit MUUSDT | +0.0067% | 8h | 1,039.2 | −0.008% | $18.8M | $32.3M | 100x | as long as short |
| Paradex MU-USD-PERP | +0.0079% | 8h | 1,038.8 | −0.051% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,038.5 | −0.075% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,038.4 | −0.089% | $150K | $227K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038.6 | −0.062% | $5.2M | $6.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,039.8 | +0.050% | $71K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.9 | −0.034% | $826 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0118% | 1h | 1,039.1 | −0.020% | $299K | $351K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,039.2 | −0.005% | $1.5M | $2.6M | 20x | as long as short |
| Nado MU-PERP | +0.0123% | 1h | 1,038.4 | −0.084% | $276K | $841K | 10x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,038.3 | −0.094% | $90K | $148K | 10x | as long as short |
| Lighter MU | +0.0176% | 1h | 1,038.7 | −0.057% | $1.0M | $5.0M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0192% | 1h | 1,038.5 | −0.079% | $727K | $1.2M | 10x | as long as short |
| Bullet MU-USDlong | +0.0206% | 1h | 1,039.3 | long leg | $24K | $385K | 10x | |
| GRVT MU_USDT_Perp | +0.0221% | 8h | 1,040.4 | +0.110% | $73K | $1.4M | 10x | as long as short |
| tradeXYZ xyz:MUshort | +0.0236% | 1h | 1,038.7 | −0.057% | $177.1M | $75.7M | 10x | |
| Phoenix MU | +0.0308% | 1h | 1,040.4 | +0.107% | $532K | $159K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0328% | 1h | 1,037.8 | −0.145% | $551K | $1.1M | 10x | as long as short |
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Bybit MUUSDT
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
BloFin MU-USDT
Nado MU-PERP
Arcus MU-USD
Lighter MU
Coinbase International MU-PERP-INTX
GRVT MU_USDT_Perp
Phoenix MU
Extended MU_24_5-USD