Funding you earn now, next payment 22:00 UTC+0.1049%/8h= +114.9% APRpaid last 24h +0.006%
Price spread now: Coinbase International against edgeX−0.080%77s7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.267% of the position
Funding, last 7 days−0.499%−$50 on $10k
+Price spread, last 3 days (all we have)+0.016%+$2 · spread now −0.080%, 7d avg −0.024%
=Together, before fees−0.483%+ Points / potential airdropedgeX: Active · farm board−$48 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.055% cheaper against edgeX than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of −0.024%). If the spread goes back, that is −$6 on $10k: about 4 hours of funding at the current rate (+$31 a day). Mind the row above: over the last 7 days funding on this pair cost −0.499%, so the current rate has only just turned in your favour. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.499% in total (about -26.0% a year). A funding rate is set anew for every payment. 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 | edgeX MUUSDC | 1,044.1 | −0.0865 | get 0.0433% / 4h | 1h 18m | $1.3M | $673K | 10x |
| Short | Coinbase International MU-PERP-INTX | 1,043.2 | 0.0184 | get 0.0023% / 1h | 18m 02s | $755K | $1.4M | 10x |
edgeX MUUSDC
Coinbase International MU-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against edgeX. 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
- $220.39
- Price spread: −0.080% → −0.024%
- −$5.53
- Slippage, 4 orders
- −$7.68
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $188.18
- Costs to cover
- 0.267%
- Break-even
- 1.0 days
Slippage from edgeX: live order book, 6 min ago; Coinbase International: 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 edgeX live order book, 6 min ago | 0.34 bp | 4.9 bp −$5 | 6.5 bp −$65 | 28.7 bp −$2,869 | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 3.07 bp | 8.1 bp −$8 | 8.1 bp −$81 | 55.2 bp −$5,522 | 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 MUUSDClong | −0.0865% | 4h | 1,044.1 | long leg | $1.3M | $673K | 10x | |
| Gate MU_USDT | 0.0000% | 8h | 1,043.4 | −0.064% | $62.9M | $29.1M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,043.1 | −0.092% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,045.8 | +0.167% | $11K | $6.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,043.6 | −0.049% | $125K | $442K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,043.2 | −0.079% | $1.2M | $4.2M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0033% | 1h | 1,043.5 | −0.054% | $3K | $45K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.637% | $14K | $302 | 12x | as long as short |
| OKX MU-USDT-SWAP | +0.0036% | 8h | 1,043.4 | −0.067% | $30.8M | $104.8M | 50x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,043 | −0.100% | — | $194K | 25x | as long as short |
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Lighter RH MU
Aftermath Perps MUUSD
Injective MU/USDC PERP
OKX MU-USDT-SWAP
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,043.4 | −0.063% | $165K | $197K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,043.5 | −0.054% | $685K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,042.5 | −0.146% | $2.0M | $2.7M | 10x | as long as short |
| QFEX MU-USD | +0.0071% | 1h | 1,043.5 | −0.053% | $7.8M | $24.1M | 10x | as long as short |
| Aster MUUSD1 | +0.0089% | 8h | 1,044.2 | +0.011% | $21.5M | $47.4M | 20x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,043.5 | −0.050% | $154K | $181K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,043.5 | −0.056% | $5.2M | $4.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,043.5 | −0.055% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,043.7 | −0.037% | $830 | $799 | 20x | as long as short |
| Bitget MUUSDT | +0.0103% | 8h | 1,043.5 | −0.057% | $20.4M | $43.0M | 50x | as long as short |
| Aevo MU-PERP | +0.0120% | 1h | 1,043.5 | −0.055% | $33K | — | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0136% | 8h | 1,043.5 | −0.056% | $2K | — | 5x | as long as short |
| Variational Omni MU | +0.0141% | 8h | 1,044 | −0.006% | $2.6M | $2.6M | — | as long as short |
| Binance MUUSDT | +0.0161% | 8h | 1,043.5 | −0.052% | $124.8M | $535.8M | 50x | as long as short |
| Coinbase International MU-PERP-INTXshort | +0.0184% | 1h | 1,043.2 | −0.080% | $755K | $1.4M | 10x | |
| Lighter MU | +0.0200% | 1h | 1,043.4 | −0.065% | $999K | $4.8M | 20x | as long as short |
| Nado MU-PERP | +0.0218% | 1h | 1,042.6 | −0.137% | $269K | $873K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0218% | 8h | 1,044.2 | +0.015% | $77K | $1.4M | 10x | as long as short |
| Bybit MUUSDT | +0.0244% | 8h | 1,043.6 | −0.045% | $19.2M | $32.7M | 100x | as long as short |
| Bullet MU-USD | +0.0277% | 1h | 1,043.7 | −0.032% | $27K | $396K | 10x | as long as short |
| BloFin MU-USDT | +0.0280% | 8h | 1,043.8 | −0.025% | $1.4M | $2.0M | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0324% | 1h | 1,043.3 | −0.073% | $176.2M | $106.7M | 10x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,044.2 | +0.013% | $534K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0435% | 1h | 1,043.3 | −0.076% | $73K | $241K | 10x | as long as short |
| RISEx MU/USDC | +0.0499% | 1h | 1,043.9 | −0.011% | $295K | $338K | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0642% | 1h | 1,043.4 | −0.067% | $61K | $247K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0688% | 1h | 1,042.5 | −0.151% | $547K | $1.1M | 10x | as long as short |
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Aster MUUSD1
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Bitget MUUSDT
Aevo MU-PERP
Paradex MU-USD-PERP
Variational Omni MU
Binance MUUSDT
Lighter MU
Nado MU-PERP
GRVT MU_USDT_Perp
Bybit MUUSDT
Bullet MU-USD
BloFin MU-USDT
tradeXYZ xyz:MU
Phoenix MU
Arcus MU-USD
RISEx MU/USDC
Deribit MU_USDC-PERPETUAL
Extended MU_24_5-USD