Funding you earn now, next payment 22:00 UTC−0.0277%/8h= −30.4% APRnext payment −$0.35 per $10,000 · paid last 24h −0.021%
Price spread now: StandX against Deribit−0.058%7-day average +0.012% · 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−$50as in the Price arb table
costs, in and out, $10k−$430.431% of the position
Funding, last 4 days (all we have)−0.075%−$8 on $10k
+Price spread, last 3 days (all we have)+0.116%+$12 · spread now −0.058%, 7d avg +0.012%
=Together, before fees+0.041%+ Points / potential airdropStandX: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and StandX is 0.070% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.012%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.075% in total (about -7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MU_USDC-PERPETUAL | 1,043.2 | 0.0277 | pay 0.0035% / 1h | 59m 05s | $60K | $237K | 10x |
| Short | StandX MU-USD | 1,042.6 | 0 | get 0.0000% / 1h | 59m 05s | $188K | $3.3M | 20x |
Deribit MU_USDC-PERPETUAL
StandX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- −$58.27
- Price spread: −0.058% → +0.012%
- −$6.99
- Slippage, 4 orders
- −$28.13
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$108.39
- Costs to cover
- 0.431%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 24 min ago; StandX: live order book, 5 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, 24 min ago | 0.05 bp | 10.4 bp −$10 | 13.8 bp −$138 | doesn't fit | doesn't fit |
| Sell StandX live order book, 5 min ago | 2.54 bp | 8.0 bp −$8 | 14.1 bp −$141 | 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 | −0.0011% | 4h | 1,042.9 | −0.028% | $1.3M | $674K | 10x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,043.5 | +0.021% | $30.7M | $104.4M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,043.3 | +0.010% | $62.9M | $28.8M | 75x | as long as short |
| StandX MU-USDshort | 0.0000% | 1h | 1,042.6 | −0.058% | $188K | $3.3M | 20x | |
| SunX MU-USDT | 0.0000% | 8h | 1,045.4 | +0.204% | $11K | $6.7M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,043.5 | +0.022% | $125K | $441K | 50x | as long as short |
| Aster MUUSD1 | +0.0011% | 8h | 1,043.6 | +0.033% | $21.5M | $46.9M | 20x | as long as short |
| Aftermath Perps MUUSD | +0.0029% | 1h | 1,042.5 | −0.074% | $3K | $44K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,043.1 | −0.012% | $1.1M | $4.2M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.717% | $14K | $302 | 12x | as long as short |
edgeX MUUSDC
OKX MU-USDT-SWAP
Gate MU_USDT
SunX MU-USDT
HTX MU-USDT
Aster MUUSD1
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MU-USD-PERP | +0.0046% | 1h | 1,042.9 | −0.034% | — | $193K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,043 | −0.022% | $165K | $180K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,042 | −0.119% | $2.0M | $2.7M | 10x | as long as short |
| QFEX MU-USD | +0.0057% | 1h | 1,043.1 | −0.010% | $7.8M | $24.1M | 10x | as long as short |
| Bitget MUUSDT | +0.0072% | 8h | 1,043.5 | +0.030% | $20.4M | $43.0M | 50x | as long as short |
| Variational Omni MU | +0.0089% | 8h | 1,042.9 | −0.027% | $2.7M | $2.7M | — | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,042.7 | −0.055% | $153K | $182K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,042.5 | −0.071% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,042.4 | −0.079% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,043.1 | −0.011% | $829 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0107% | 8h | 1,043.1 | −0.009% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0112% | 1h | 1,043 | −0.021% | $33K | — | 10x | as long as short |
| Binance MUUSDT | +0.0112% | 8h | 1,043.6 | +0.033% | $124.8M | $540.8M | 50x | as long as short |
| Nado MU-PERP | +0.0129% | 1h | 1,042.5 | −0.069% | $307K | $845K | 10x | as long as short |
| Lighter MU | +0.0168% | 1h | 1,043.1 | −0.010% | $998K | $4.8M | 20x | as long as short |
| GRVT MU_USDT_Perp | +0.0178% | 8h | 1,043 | −0.025% | $82K | $1.4M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,043.8 | +0.057% | $756K | $1.4M | 10x | as long as short |
| Bybit MUUSDT | +0.0190% | 8h | 1,043.6 | +0.034% | $19.1M | $32.5M | 100x | as long as short |
| SoDEX MU-USD | +0.0192% | 1h | 1,043.3 | +0.005% | $685K | $16K | 10x | as long as short |
| Phoenix MU | +0.0230% | 1h | 1,043 | −0.022% | $533K | $303K | 15x | as long as short |
| BloFin MU-USDT | +0.0232% | 8h | 1,043.5 | +0.027% | $1.5M | $2.1M | 20x | as long as short |
| Bullet MU-USD | +0.0240% | 1h | 1,043.5 | +0.026% | $25K | $400K | 10x | as long as short |
| Deribit MU_USDC-PERPETUALlong | +0.0277% | 1h | 1,043.2 | long leg | $60K | $237K | 10x | |
| tradeXYZ xyz:MU | +0.0313% | 1h | 1,043 | −0.022% | $176.2M | $107.4M | 10x | as long as short |
| Arcus MU-USD | +0.0435% | 1h | 1,042.8 | −0.038% | $63K | $230K | 10x | as long as short |
| RISEx MU/USDC | +0.0499% | 1h | 1,043.3 | +0.006% | $285K | $333K | 20x | as long as short |
| Extended MU_24_5-USD | +0.0624% | 1h | 1,042.2 | −0.103% | $540K | $1.1M | 10x | as long as short |
Vest MU-USD-PERP
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Bitget MUUSDT
Variational Omni MU
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
Aevo MU-PERP
Binance MUUSDT
Nado MU-PERP
Lighter MU
GRVT MU_USDT_Perp
Coinbase International MU-PERP-INTX
Bybit MUUSDT
SoDEX MU-USD
Phoenix MU
BloFin MU-USDT
Bullet MU-USD
tradeXYZ xyz:MU
Arcus MU-USD
RISEx MU/USDC
Extended MU_24_5-USD