Funding you earn now, next payment 06:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.010%
Price spread now: tradeXYZ against Coinbase International−0.041%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$430.430% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.041%, 7d avg −0.009%
=Together, before fees−0.107%+ Points / potential airdroptradeXYZ: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.031% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MU-PERP-INTX | 1,036 | 0.0104 | pay 0.0013% / 1h | 38m 39s | $731K | $1.2M | 10x |
| Short | tradeXYZ xyz:MU | 1,035.6 | 0.0050 | get 0.0006% / 1h | 38m 39s | $175.9M | $88.0M | 10x |
Coinbase International MU-PERP-INTX
tradeXYZ xyz:MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$11.34
- Price spread: −0.041% → −0.009%
- −$3.11
- Slippage, 4 orders
- −$15.04
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$57.49
- Costs to cover
- 0.430%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; tradeXYZ: live order book, 11 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, 5 min ago | 6.08 bp | 12.3 bp −$12 | 13.3 bp −$133 | 39.3 bp −$3,931 | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 0.48 bp | 10.1 bp −$10 | 11.5 bp −$115 | 16.5 bp −$1,651 | 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 | −0.0203% | 4h | 1,035.9 | −0.007% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDT | −0.0185% | 8h | 1,036 | −0.002% | $20.2M | $41.4M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,036.2 | +0.022% | $21.1M | $58.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,035.8 | −0.025% | $121.3M | $537.1M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,035.8 | −0.018% | $18.5M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,035.6 | −0.041% | $29.9M | $99.7M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,035.8 | −0.020% | $314K | $386K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,035.9 | −0.016% | $61.6M | $28.4M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,036 | −0.002% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,036.3 | +0.028% | $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 | 1,036.7 | +0.063% | $187K | $3.5M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,036.2 | +0.017% | $26K | $389K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,037.7 | +0.157% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,035.9 | −0.008% | $74K | $555K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,035.8 | −0.017% | $127K | $441K | 50x | as long as short |
| Nado MU-PERP | +0.0010% | 1h | 1,036.1 | +0.009% | $277K | $816K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0017% | 1h | 1,036.2 | +0.014% | $3K | $44K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,035.8 | −0.019% | $1.0M | $4.9M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,035.7 | −0.032% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,035.4 | −0.061% | $540K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,035.7 | −0.034% | $7.0M | $18.6M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.481% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,036 | −0.005% | $70K | $230K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,036.2 | +0.021% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MUshort | +0.0050% | 1h | 1,035.6 | −0.041% | $175.9M | $88.0M | 10x | |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,035.9 | −0.012% | $168K | $196K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,036.3 | +0.029% | $680K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,035.8 | −0.018% | $1.8M | $2.6M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0052% | 8h | 1,036 | −0.007% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,035.8 | −0.024% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,035.7 | −0.030% | $147K | $190K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,035.8 | −0.021% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,036.5 | +0.042% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,036.1 | +0.009% | $824 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTXlong | +0.0104% | 1h | 1,036 | long leg | $731K | $1.2M | 10x | |
| BloFin MU-USDT | +0.0120% | 8h | 1,036.4 | +0.035% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,036.2 | +0.017% | $530K | $270K | 15x | as long as short |
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Nado MU-PERP
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
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
Phoenix MU