Funding you earn now, next payment 00:00 UTC+0.0071%/8h= +7.8% APRnext payment +$0.71 per $10,000 · paid last 24h +0.031%
Price spread now: Binance against Gate+0.013%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$330.328% of the position
Funding, last 7 days+0.172%+$17 on $10k
+Price spread, last 2 days (all we have)+0.022%+$2 · spread now +0.013%, 7d avg +0.021%
=The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MU_USDT | 1,044.2 | 0 | get 0.0000% / 8h | 2h 29m | $63.1M | $28.9M | 75x |
| Short | Binance MUUSDT | 1,044.3 | 0.0071 | get 0.0071% / 8h | 2h 29m | $124.8M | $540.1M | 50x |
Gate MU_USDT
Binance MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $14.87
- Price spread: +0.013% → +0.021%
- −$0.76
- Slippage, 4 orders
- −$7.77
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$18.66
- Costs to cover
- 0.328%
- Break-even
- 15.8 days
Slippage from Gate: live order book, 5 min ago; Binance: live order book, 15 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 Gate live order book, 5 min ago | 0.05 bp | 7.9 bp −$8 | 15.3 bp −$153 | 36.3 bp −$3,625 | 71.6 bp −$35.8K |
| Sell Binance live order book, 15 min ago | 0.05 bp | 5.3 bp −$5 | 7.5 bp −$75 | 15.4 bp −$1,543 | 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 | −0.0845% | 4h | 1,043.7 | −0.042% | $1.3M | $674K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,044.5 | +0.028% | $21.5M | $42.9M | 20x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,044.1 | −0.004% | $30.7M | $104.4M | 50x | as long as short |
| Gate MU_USDTlong | 0.0000% | 8h | 1,044.2 | long leg | $63.1M | $28.9M | 75x | |
| StandX MU-USD | 0.0000% | 1h | 1,042.7 | −0.136% | $188K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,046.2 | +0.192% | $11K | $6.7M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,043.8 | −0.038% | $125K | $443K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,043.4 | −0.076% | $3K | $44K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,044 | −0.020% | $1.1M | $4.3M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.627% | $14K | $302 | 12x | as long as short |
edgeX MUUSDC
Aster MUUSD1
OKX MU-USDT-SWAP
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MU | +0.0038% | 8h | 1,043.9 | −0.025% | $2.7M | $2.7M | — | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,043.7 | −0.046% | — | $193K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,043.7 | −0.044% | $165K | $176K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,043.1 | −0.106% | $2.0M | $2.7M | 10x | as long as short |
| SoDEX MU-USD | +0.0057% | 1h | 1,044.2 | 0.000% | $685K | $16K | 10x | as long as short |
| QFEX MU-USD | +0.0057% | 1h | 1,044.1 | −0.002% | $7.8M | $24.1M | 10x | as long as short |
| Bitget MUUSDT | +0.0059% | 8h | 1,044.1 | −0.009% | $20.4M | $42.9M | 50x | as long as short |
| Binance MUUSDTshort | +0.0071% | 8h | 1,044.3 | +0.013% | $124.8M | $540.1M | 50x | |
| Aevo MU-PERP | +0.0096% | 1h | 1,044 | −0.014% | $33K | — | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,043.8 | −0.038% | $153K | $182K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,043.5 | −0.065% | $5.2M | $4.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,043.5 | −0.067% | $71K | $267K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,044.1 | −0.004% | $830 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0104% | 8h | 1,044.1 | −0.001% | $2K | — | 5x | as long as short |
| GRVT MU_USDT_Perp | +0.0126% | 8h | 1,043.9 | −0.027% | $82K | $1.4M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,043.3 | −0.087% | $756K | $1.8M | 10x | as long as short |
| Bybit MUUSDT | +0.0158% | 8h | 1,044.4 | +0.024% | $19.1M | $32.4M | 100x | as long as short |
| tradeXYZ xyz:MU | +0.0163% | 1h | 1,044.1 | −0.006% | $176.4M | $106.4M | 10x | as long as short |
| BloFin MU-USDT | +0.0185% | 8h | 1,043.9 | −0.021% | $1.5M | $2.1M | 20x | as long as short |
| Nado MU-PERP | +0.0190% | 1h | 1,043.2 | −0.094% | $307K | $845K | 10x | as long as short |
| RISEx MU/USDC | +0.0202% | 1h | 1,044.2 | +0.008% | $288K | $331K | 20x | as long as short |
| Lighter MU | +0.0216% | 1h | 1,044.2 | −0.001% | $1.0M | $4.8M | 20x | as long as short |
| Arcus MU-USD | +0.0226% | 1h | 1,044 | −0.018% | $63K | $236K | 10x | as long as short |
| Bullet MU-USD | +0.0227% | 1h | 1,044.2 | +0.005% | $25K | $399K | 10x | as long as short |
| Phoenix MU | +0.0230% | 1h | 1,044.1 | −0.006% | $534K | $303K | 15x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0373% | 1h | 1,043.9 | −0.024% | $57K | $211K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0600% | 1h | 1,042.8 | −0.126% | $539K | $1.0M | 10x | as long as short |
Variational Omni MU
Vest MU-USD-PERP
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
SoDEX MU-USD
QFEX MU-USD
Bitget MUUSDT
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
GRVT MU_USDT_Perp
Coinbase International MU-PERP-INTX
Bybit MUUSDT
tradeXYZ xyz:MU
BloFin MU-USDT
Nado MU-PERP
RISEx MU/USDC
Lighter MU
Arcus MU-USD
Bullet MU-USD
Phoenix MU
Deribit MU_USDC-PERPETUAL
Extended MU_24_5-USD