MU

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0074%/8h= +8.1% APRnext payment +$0.09 per $10,000 · paid last 24h −0.052%

Price spread now: Arcus against Coinbase International−0.103%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−$38as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 3 days (all we have)+0.189%+$19 · spread now −0.103%, 7d avg −0.004%

Together, before fees+0.204%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.098% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of −0.004%). If the spread goes back, that is −$10 on $10k: about 4.4 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.016% in total) that is about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,043.8	0.0152	pay 0.0019% / 1h	14m 16s	$756K	$1.5M	10x
Short	Arcus MU-USD	1,042.8	0.0226	get 0.0028% / 1h	14m 16s	$63K	$230K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now −0.103%Rate

Funding earned: $15.56
Price spread: −0.103% → −0.004%: −$9.81
Slippage, 4 orders: −$13.61
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$22.36
Costs to cover: 0.281%
Break-even: 17.1 days

Slippage from Coinbase International: live order book, 4 min ago; Arcus: 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 Coinbase International live order book, 4 min ago	1.39 bp	7.2 bp −$7	13.8 bp −$138	doesn't fit	doesn't fit
Sell Arcus live order book, 9 min ago	3.02 bp	8.7 bp −$9	9.6 bp −$96	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	−0.0923%	4h	1,043.4	−0.038%	$1.3M	$674K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,043.5	−0.034%	$21.5M	$45.9M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,042.8	−0.094%	$30.7M	$104.3M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,042.9	−0.090%	$62.9M	$29.1M	75x	as long as short
SunX MU-USDT	0.0000%	8h	1,045.1	+0.126%	$11K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042.7	−0.106%	$125K	$442K	50x	as long as short
StandX MU-USD	+0.0026%	1h	1,042.6	−0.114%	$188K	$3.3M	20x	as long as short
Aftermath Perps MUUSD	+0.0027%	1h	1,042.6	−0.113%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.9	−0.093%	$1.1M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.660%	$14K	$302	12x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MU-USD-PERP	+0.0046%	1h	1,042.7	−0.106%	—	$193K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,042.7	−0.107%	$165K	$180K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,042.9	−0.084%	$684K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,041.9	−0.187%	$2.0M	$2.6M	10x	as long as short
QFEX MU-USD	+0.0057%	1h	1,043	−0.082%	$7.8M	$24.1M	10x	as long as short
Bitget MUUSDT	+0.0071%	8h	1,042.7	−0.111%	$20.4M	$42.8M	50x	as long as short
Variational Omni MU	+0.0078%	8h	1,043.3	−0.051%	$2.7M	$2.7M	—	as long as short
Pacifica MU	+0.0100%	1h	1,042.2	−0.158%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,042.8	−0.094%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,042.9	−0.084%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043	−0.076%	$829	$799	20x	as long as short
Binance MUUSDT	+0.0104%	8h	1,043.1	−0.067%	$124.8M	$540.5M	50x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,042.8	−0.097%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0121%	8h	1,042.7	−0.105%	$2K	—	5x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0152%	1h	1,043.8	long leg	$756K	$1.5M	10x
GRVT MU_USDT_Perp	+0.0172%	8h	1,043.6	−0.016%	$82K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0182%	8h	1,043.2	−0.058%	$19.1M	$32.5M	100x	as long as short
Nado MU-PERP	+0.0196%	1h	1,042.2	−0.155%	$307K	$845K	10x	as long as short
RISEx MU/USDC	+0.0202%	1h	1,043.3	−0.051%	$285K	$333K	20x	as long as short
Lighter MU	+0.0208%	1h	1,042.9	−0.092%	$999K	$4.8M	20x	as long as short
tradeXYZ xyz:MU	+0.0208%	1h	1,042.8	−0.098%	$176.3M	$107.2M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0210%	1h	1,043.1	−0.065%	$58K	$222K	10x	as long as short
BloFin MU-USDT	+0.0223%	8h	1,043.3	−0.054%	$1.5M	$2.1M	20x	as long as short
Arcus MU-USDshort	+0.0226%	1h	1,042.8	−0.103%	$63K	$230K	10x
Bullet MU-USD	+0.0229%	1h	1,043.1	−0.068%	$26K	$400K	10x	as long as short
Phoenix MU	+0.0230%	1h	1,043.7	−0.011%	$534K	$303K	15x	as long as short
Extended MU_24_5-USD	+0.0696%	1h	1,042	−0.172%	$540K	$1.1M	10x	as long as short