Funding you earn now, next payment 05:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.042%
Price spread now: tradeXYZ against Injective−0.377%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.218%+$22 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. tradeXYZ is 0.377% cheaper against Injective than usual: you would sell low and buy high (spread −0.377% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$38 on $10k: about 3 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.218% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MU/USDC PERP | 1,051.4 | 0.0033 | pay 0.0004% / 1h | 42m 40s | $19K | $5K | 12x |
| Short | tradeXYZ xyz:MU | 1,047.4 | 0.0050 | get 0.0006% / 1h | 42m 40s | $177.6M | $97.5M | 10x |
Injective MU/USDC PERP
tradeXYZ xyz:MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Injective. 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
- $3.5
- Price spread: −0.377% → 0.000%
- −$37.67
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$52.19
- Costs to cover
- 0.180%
- Break-even
- 111.4 days
Slippage unknown: Injective: no order-book sample; tradeXYZ: live order book, 7 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 7 min ago | 0.48 bp | 9.9 bp −$10 | 10.6 bp −$106 | 15.0 bp −$1,501 | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0933% | 4h | 1,048.6 | −0.261% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,048.2 | −0.300% | $21.3M | $56.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,047.9 | −0.325% | $125.4M | $517.9M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,048.1 | −0.309% | $19.0M | $32.0M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,047.9 | −0.325% | $31.1M | $99.6M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,047.8 | −0.336% | $338K | $353K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,047.7 | −0.347% | $62.3M | $27.7M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,047.9 | −0.330% | $20.5M | $41.3M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,048.6 | −0.265% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,048.5 | −0.274% | $82K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
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 | 1,047.7 | −0.344% | $189K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,048.3 | −0.291% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,047.4 | −0.380% | $130K | $431K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0024% | 1h | 1,047.8 | −0.335% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,047.2 | −0.393% | $7.1M | $17.9M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,047.7 | −0.344% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,047.7 | −0.350% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,047.2 | −0.399% | $553K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERPlong | +0.0033% | 1h | 1,051.4 | long leg | $19K | $5K | 12x | |
| Arcus MU-USD | +0.0040% | 1h | 1,047.7 | −0.345% | $71K | $233K | 10x | as long as short |
| BloFin MU-USDT | +0.0041% | 8h | 1,047.6 | −0.360% | $1.5M | $2.0M | 20x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,048.2 | −0.302% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MUshort | +0.0050% | 1h | 1,047.4 | −0.377% | $177.6M | $97.5M | 10x | |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,047.4 | −0.377% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,047.6 | −0.358% | $687K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,047.4 | −0.375% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,047.9 | −0.333% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0055% | 1h | 1,047.1 | −0.401% | $282K | $830K | 10x | as long as short |
| Bullet MU-USD | +0.0065% | 1h | 1,047.8 | −0.340% | $26K | $395K | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,047.2 | −0.395% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,047.7 | −0.347% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,047.7 | −0.345% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,048.3 | −0.292% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,047.7 | −0.351% | $833 | $799 | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0113% | 1h | 1,047.5 | −0.367% | $73K | $465K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,050 | −0.127% | $757K | $1.2M | 10x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,048.4 | −0.282% | $536K | $271K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Arcus MU-USD
BloFin MU-USDT
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Nado MU-PERP
Bullet MU-USD
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Deribit MU_USDC-PERPETUAL
Coinbase International MU-PERP-INTX
Phoenix MU