Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.050%
Price spread now: SunX against Coinbase International−0.407%7-day average +0.178% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$820.822% of the position
Funding, last 7 days−0.353%−$35 on $10k
+Price spread, last 4 days (all we have)+0.459%+$46 · spread now −0.407%, 7d avg +0.178%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.585% cheaper against Coinbase International than usual: you would sell low and buy high (−$59 if the spread goes back to its 7-day average of +0.178%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MU-PERP-INTX | 1,029.2 | 0.0096 | pay 0.0012% / 1h | 28m 58s | $719K | $1.1M | 10x |
| Short | SunX MU-USDT | 1,025 | 0 | get 0.0000% / 8h | 7h 28m | $11K | $5.4M | 10x |
Coinbase International MU-PERP-INTX
SunX MU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$20.16
- Price spread: −0.407% → +0.178%
- −$58.55
- Slippage, 4 orders
- −$64.17
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$160.88
- Costs to cover
- 0.822%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; SunX: live order book, 10 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 | 6.47 bp | 12.3 bp −$12 | 15.6 bp −$156 | 52.1 bp −$5,213 | doesn't fit |
| Sell SunX live order book, 10 min ago | 21.60 bp | 32.8 bp −$33 | doesn't fit | 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 | −0.0522% | 4h | 1,025.4 | −0.368% | $1.3M | $696K | 10x | as long as short |
| Bitget MUUSDT | −0.0036% | 8h | 1,023.9 | −0.512% | $19.8M | $40.7M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,023.8 | −0.523% | $20.9M | $69.1M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,023.8 | −0.526% | $121.3M | $547.8M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,023.8 | −0.522% | $18.5M | $32.3M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,024 | −0.506% | $29.1M | $101.8M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,024.1 | −0.494% | $308K | $373K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,023.6 | −0.540% | $61.7M | $28.2M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,025.8 | −0.334% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,025.3 | −0.378% | $73K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,024.2 | −0.488% | $185K | $3.6M | 20x | as long as short |
| SunX MU-USDTshort | 0.0000% | 8h | 1,025 | −0.407% | $11K | $5.4M | 10x | |
| HTX MU-USDT | 0.0000% | 8h | 1,023.9 | −0.515% | $119K | $491K | 50x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,023.9 | −0.517% | $6.9M | $18.9M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0029% | 1h | 1,026 | −0.313% | $3K | $43K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,023.4 | −0.565% | $1.1M | $4.5M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,022.8 | −0.618% | $541K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +2.153% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,023.3 | −0.569% | $89K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,023.6 | −0.549% | — | $179K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,022.9 | −0.612% | $165K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,023.8 | −0.530% | $672K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,023.1 | −0.596% | $1.9M | $3.0M | 10x | as long as short |
| Lighter MU | +0.0056% | 1h | 1,023.4 | −0.560% | $964K | $5.0M | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0057% | 8h | 1,024 | −0.506% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,023.3 | −0.573% | $31K | $1K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0085% | 1h | 1,023.4 | −0.564% | $173.1M | $80.1M | 10x | as long as short |
| Nado MU-PERP | +0.0086% | 1h | 1,023.3 | −0.577% | $264K | $815K | 10x | as long as short |
| Coinbase International MU-PERP-INTXlong | +0.0096% | 1h | 1,029.2 | long leg | $719K | $1.1M | 10x | |
| Pacifica MU | +0.0100% | 1h | 1,023.8 | −0.527% | $145K | $194K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,023.3 | −0.578% | $5.1M | $4.6M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,024.7 | −0.437% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,023.7 | −0.531% | $814 | $799 | 20x | as long as short |
| Bullet MU-USD | +0.0111% | 1h | 1,024 | −0.505% | $25K | $388K | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,024.4 | −0.463% | $1.5M | $2.2M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,024.2 | −0.486% | $524K | $270K | 15x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0503% | 1h | 1,023.6 | −0.540% | $72K | $629K | 10x | as long as short |
StandX MU-USD
HTX MU-USDT
QFEX MU-USD
Aftermath Perps MUUSD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Lighter MU
Paradex MU-USD-PERP
Aevo MU-PERP
tradeXYZ xyz:MU
Nado MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Bullet MU-USD
BloFin MU-USDT
Phoenix MU
Deribit MU_USDC-PERPETUAL