Funding you earn now, next payment 00:00 UTC−0.0043%/8h= −4.8% APRnext payment −$0.05 per $10,000 · paid last 24h +0.010%
Price spread now: Bullet against Deribit+0.036%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$400.402% of the position
Funding, last 3 days (all we have)+0.091%+$9 on $10k
+Price spread, last 3 days (all we have)+0.034%+$3 · spread now +0.036%, 7d avg +0.035%
=The price spread sits at its 7-day average of +0.035%, 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 3 days funding on this pair paid +0.091%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MU_USDC-PERPETUAL | 1,045.6 | 0.0161 | pay 0.0020% / 1h | 21m 52s | $62K | $275K | 10x |
| Short | Bullet MU-USD | 1,045.9 | 0.0118 | get 0.0015% / 1h | 21m 52s | $25K | $394K | 10x |
Deribit MU_USDC-PERPETUAL
Bullet MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Deribit. 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
- −$9.12
- Price spread: +0.036% → +0.035%
- $0.06
- Slippage, 4 orders
- −$25.18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$49.24
- Costs to cover
- 0.402%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 57 min ago; Bullet: live order book, 57 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 Deribit live order book, 57 min ago | 0.05 bp | 14.4 bp −$14 | 17.2 bp −$172 | doesn't fit | doesn't fit |
| Sell Bullet live order book, 57 min ago | 0.48 bp | 6.4 bp −$6 | 21.5 bp −$215 | 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 | −0.0561% | 4h | 1,045.3 | −0.021% | $1.3M | $672K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,045.7 | +0.011% | $63.0M | $29.1M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,045.2 | −0.032% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,047.4 | +0.175% | $12K | $6.5M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,045.5 | −0.002% | $129K | $455K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0030% | 1h | 1,045.2 | −0.035% | $3K | $45K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,045.6 | +0.006% | $1.2M | $4.3M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.494% | $14K | $302 | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,045.8 | +0.026% | — | $194K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,045.4 | −0.014% | $169K | $193K | 10x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Vest MU-USD-PERP
Polymarket Perps MU-USDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MU-USD | +0.0050% | 1h | 1,045.7 | +0.015% | $686K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,044.6 | −0.094% | $2.0M | $2.7M | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0074% | 8h | 1,045.8 | +0.026% | $30.8M | $105.0M | 50x | as long as short |
| Lighter MU | +0.0080% | 1h | 1,045.6 | +0.007% | $1.0M | $4.9M | 20x | as long as short |
| QFEX MU-USD | +0.0080% | 1h | 1,045.4 | −0.018% | $7.9M | $23.9M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,045.5 | −0.007% | $153K | $182K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,045.4 | −0.012% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,045.9 | +0.032% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,045.6 | +0.008% | $831 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0115% | 8h | 1,045.5 | −0.007% | $2K | — | 5x | as long as short |
| Bitget MUUSDT | +0.0118% | 8h | 1,045.9 | +0.033% | $20.5M | $43.5M | 50x | as long as short |
| Bullet MU-USDshort | +0.0118% | 1h | 1,045.9 | +0.036% | $25K | $394K | 10x | |
| Aevo MU-PERP | +0.0128% | 1h | 1,045.5 | −0.003% | $33K | — | 10x | as long as short |
| Aster MUUSD1 | +0.0161% | 8h | 1,045.9 | +0.031% | $21.5M | $47.3M | 20x | as long as short |
| Deribit MU_USDC-PERPETUALlong | +0.0161% | 1h | 1,045.6 | long leg | $62K | $275K | 10x | |
| Nado MU-PERP | +0.0163% | 1h | 1,045.2 | −0.034% | $271K | $875K | 10x | as long as short |
| Variational Omni MU | +0.0183% | 8h | 1,045.3 | −0.026% | $2.7M | $2.5M | — | as long as short |
| Binance MUUSDT | +0.0189% | 8h | 1,046 | +0.040% | $124.4M | $532.7M | 50x | as long as short |
| tradeXYZ xyz:MU | +0.0201% | 1h | 1,045.5 | −0.005% | $176.7M | $104.5M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0224% | 1h | 1,044.9 | −0.060% | $757K | $1.3M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0226% | 8h | 1,045.3 | −0.028% | $82K | $1.4M | 10x | as long as short |
| Bybit MUUSDT | +0.0267% | 8h | 1,045.9 | +0.033% | $19.2M | $32.4M | 100x | as long as short |
| BloFin MU-USDT | +0.0310% | 8h | 1,045.5 | −0.009% | $1.5M | $2.0M | 20x | as long as short |
| Extended MU_24_5-USD | +0.0384% | 1h | 1,045 | −0.049% | $541K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0460% | 1h | 1,046.1 | +0.053% | $535K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0462% | 1h | 1,045.3 | −0.029% | $70K | $244K | 10x | as long as short |
| RISEx MU/USDC | +0.0525% | 1h | 1,045.9 | +0.032% | $316K | $339K | 20x | as long as short |
SoDEX MU-USD
Ondo Perps MU-USD.P
OKX MU-USDT-SWAP
Lighter MU
QFEX MU-USD
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
Bitget MUUSDT
Aevo MU-PERP
Aster MUUSD1
Nado MU-PERP
Variational Omni MU
Binance MUUSDT
tradeXYZ xyz:MU
Coinbase International MU-PERP-INTX
GRVT MU_USDT_Perp
Bybit MUUSDT
BloFin MU-USDT
Extended MU_24_5-USD
Phoenix MU
Arcus MU-USD
RISEx MU/USDC