Funding you earn now, next payment 10:00 UTC+0.0187%/8h= +20.5% APRpaid last 24h +0.029%
Price spread now: tradeXYZ against OKX−0.009%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 7 days−0.034%−$3 · spread now −0.009%, 7d avg −0.069%
=Together, before fees+0.044%+ Points / potential airdroptradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and tradeXYZ is 0.060% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.069%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MU-USDT-SWAP | 1,038.3 | 0 | get 0.0000% / 8h | 6h 03m | $29.5M | $107.6M | 50x |
| Short | tradeXYZ xyz:MU | 1,038.2 | 0.0187 | get 0.0023% / 1h | 3m 51s | $176.9M | $75.8M | 10x |
OKX MU-USDT-SWAP
tradeXYZ xyz:MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against OKX. 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
- $39.29
- Price spread: −0.009% → −0.069%
- $6
- Slippage, 4 orders
- −$2.59
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $14.7
- Costs to cover
- 0.306%
- Break-even
- 4.4 days
Slippage from OKX: live order book, 3 min ago; tradeXYZ: live order book, 9 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 OKX live order book, 3 min ago | 0.05 bp | 5.3 bp −$5 | 7.6 bp −$76 | 23.6 bp −$2,358 | doesn't fit |
| Sell tradeXYZ live order book, 9 min ago | 0.48 bp | 9.5 bp −$9 | 10.9 bp −$109 | 15.1 bp −$1,507 | doesn't fit |
MU on 37 exchanges
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 | −0.0946% | 4h | 1,035.7 | −0.254% | $1.3M | $695K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,039.1 | +0.081% | $21.2M | $73.1M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.5 | +0.017% | $121.4M | $553.9M | 50x | as long as short |
| OKX MU-USDT-SWAPlong | 0.0000% | 8h | 1,038.3 | long leg | $29.5M | $107.6M | 50x | |
| Gate MU_USDT | 0.0000% | 8h | 1,038.2 | −0.009% | $61.1M | $28.3M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,038.3 | +0.001% | $19.9M | $43.4M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,039.1 | +0.077% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,038.4 | +0.014% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,040.8 | +0.239% | $11K | $5.1M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,038.3 | +0.003% | $119K | $474K | 50x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
HTX MU-USDTShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH MU | +0.0032% | 1h | 1,038.6 | +0.031% | $1.2M | $4.6M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0033% | 1h | 1,036.8 | −0.141% | $3K | $42K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.259% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,039.7 | +0.134% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.8 | +0.049% | $168K | $178K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.9 | −0.039% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0059% | 1h | 1,038.9 | +0.055% | $7.0M | $19.2M | 10x | as long as short |
| Bybit MUUSDT | +0.0068% | 8h | 1,038.5 | +0.020% | $18.8M | $32.6M | 100x | as long as short |
| Paradex MU-USD-PERP | +0.0077% | 8h | 1,038.8 | +0.045% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,038.5 | +0.017% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,039.1 | +0.073% | $147K | $223K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038 | −0.030% | $5.2M | $5.8M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.6 | +0.026% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,039 | +0.071% | $826 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0107% | 1h | 1,039.2 | +0.086% | $296K | $351K | 20x | as long as short |
| SoDEX MU-USD | +0.0112% | 1h | 1,039 | +0.064% | $682K | $13K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0116% | 1h | 1,038.4 | +0.006% | $38K | $712K | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,039 | +0.069% | $1.4M | $2.5M | 20x | as long as short |
| Nado MU-PERP | +0.0125% | 1h | 1,038.4 | +0.008% | $273K | $840K | 10x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,038.7 | +0.039% | $90K | $148K | 10x | as long as short |
| Lighter MU | +0.0152% | 1h | 1,038.8 | +0.049% | $1.0M | $5.1M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,035.4 | −0.279% | $734K | $1.1M | 10x | as long as short |
| tradeXYZ xyz:MUshort | +0.0187% | 1h | 1,038.2 | −0.009% | $176.9M | $75.8M | 10x | |
| Bullet MU-USD | +0.0211% | 1h | 1,039 | +0.067% | $25K | $386K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0215% | 8h | 1,038.1 | −0.014% | $81K | $1.4M | 10x | as long as short |
| Phoenix MU | +0.0310% | 1h | 1,035.5 | −0.269% | $530K | $269K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0344% | 1h | 1,037.4 | −0.087% | $552K | $1.1M | 10x | as long as short |
Lighter RH MU
Aftermath Perps MUUSD
Injective MU/USDC PERP
Vest MU-USD-PERP
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Bybit MUUSDT
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
SoDEX MU-USD
Deribit MU_USDC-PERPETUAL
BloFin MU-USDT
Nado MU-PERP
Arcus MU-USD
Lighter MU
Coinbase International MU-PERP-INTX
Bullet MU-USD
GRVT MU_USDT_Perp
Phoenix MU
Extended MU_24_5-USD