Funding you earn now, next payment 06:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.021%
Price spread now: Bullet against Coinbase International−0.190%7-day average +0.050% · 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−$60as in the Price arb table
costs, in and out, $10k−$360.364% of the position
Funding, last 3 days (all we have)+0.016%+$2 on $10k
+Price spread, last 4 days (all we have)+0.279%+$28 · spread now −0.190%, 7d avg +0.050%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bullet is 0.240% cheaper against Coinbase International than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.050%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MU-PERP-INTX | 1,038.8 | 0.0104 | pay 0.0013% / 1h | 2m 50s | $734K | $1.2M | 10x |
| Short | Bullet MU-USD | 1,036.8 | 0 | get 0.0000% / 1h | 2m 50s | $24K | $390K | 10x |
Coinbase International MU-PERP-INTX
Bullet MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Coinbase International. 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
- −$21.84
- Price spread: −0.190% → +0.050%
- −$24.03
- Slippage, 4 orders
- −$18.43
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$82.3
- Costs to cover
- 0.364%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; Bullet: live order book, 41 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, 1 min ago | 6.51 bp | 11.6 bp −$12 | 13.7 bp −$137 | 78.9 bp −$7,891 | doesn't fit |
| Sell Bullet live order book, 41 min ago | 0.96 bp | 6.6 bp −$7 | 20.6 bp −$206 | 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 | −0.0773% | 4h | 1,038 | −0.074% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0148% | 8h | 1,036.9 | −0.179% | $20.2M | $40.4M | 50x | as long as short |
| Nado MU-PERP | −0.0005% | 1h | 1,036.1 | −0.254% | $278K | $809K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,036.9 | −0.178% | $21.1M | $63.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,036.6 | −0.207% | $122.1M | $538.9M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,036.7 | −0.204% | $18.7M | $32.3M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,036.6 | −0.215% | $29.7M | $99.9M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,037.3 | −0.146% | $313K | $387K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,036.4 | −0.227% | $61.4M | $28.7M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,038.4 | −0.034% | $2.5M | $2.5M | — | 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 | 1,037.8 | −0.093% | $83K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,037.1 | −0.164% | $187K | $3.5M | 20x | as long as short |
| Bullet MU-USDshort | 0.0000% | 1h | 1,036.8 | −0.190% | $24K | $390K | 10x | |
| SunX MU-USDT | 0.0000% | 8h | 1,038.8 | +0.002% | $11K | $5.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,036.5 | −0.223% | $127K | $442K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0014% | 1h | 1,037.6 | −0.109% | $3K | $44K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,036.6 | −0.213% | $1.0M | $5.0M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,036.4 | −0.226% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,036.1 | −0.258% | $554K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,037.3 | −0.144% | $7.0M | $18.8M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.211% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.5 | −0.128% | $90K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,037 | −0.171% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,036.7 | −0.200% | $176.2M | $85.6M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,036.6 | −0.210% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,036.7 | −0.196% | $680K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,036.8 | −0.187% | $1.8M | $2.7M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,037.5 | −0.123% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,036.3 | −0.235% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.4 | −0.137% | $147K | $189K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,036.3 | −0.240% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,037.6 | −0.113% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,036.5 | −0.220% | $824 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTXlong | +0.0104% | 1h | 1,038.8 | long leg | $734K | $1.2M | 10x | |
| BloFin MU-USDT | +0.0120% | 8h | 1,036.9 | −0.184% | $1.5M | $2.1M | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0165% | 1h | 1,036.4 | −0.231% | $74K | $580K | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,037.3 | −0.142% | $531K | $270K | 15x | as long as short |
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
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
tradeXYZ xyz:MU
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
BloFin MU-USDT
Deribit MU_USDC-PERPETUAL
Phoenix MU