Funding you earn now, next payment 11:00 UTC+0.0089%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.023%
Price spread now: Arcus against Ondo Perps+0.040%7-day average +0.068% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.112%+$11 on $10k
+Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.040%, 7d avg +0.068%
=Together, before fees+0.085%+ Points / potential airdropOndo Perps: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Arcus is 0.027% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.068%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MU-USD.P | 1,039.1 | 0.0050 | pay 0.0006% / 1h | 54m 10s | $1.9M | $3.2M | 10x |
| Short | Arcus MU-USD | 1,039.6 | 0.0139 | get 0.0017% / 1h | 54m 10s | $90K | $148K | 10x |
Ondo Perps MU-USD.P
Arcus MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Ondo Perps. 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
- $18.7
- Price spread: +0.040% → +0.068%
- −$2.74
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $6.46
- Costs to cover
- 0.095%
- Break-even
- 4.6 days
Slippage unknown: Ondo Perps: no order-book sample; Arcus: live order book, 57 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 57 min ago | 2.23 bp | 7.1 bp −$7 | 7.3 bp −$73 | doesn't fit | doesn't fit |
Ondo Perps: 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 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 | −0.0530% | 4h | 1,038.8 | −0.030% | $1.3M | $694K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,040.3 | +0.115% | $21.2M | $73.4M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,040.3 | +0.109% | $121.7M | $555.2M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,039.9 | +0.072% | $29.6M | $107.8M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,039.9 | +0.076% | $61.2M | $27.9M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,040.2 | +0.101% | $19.8M | $43.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,039.5 | +0.031% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,039.1 | 0.000% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,041.9 | +0.267% | $11K | $5.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,039.5 | +0.035% | $37K | $717K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,039.9 | +0.077% | $119K | $474K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,040 | +0.084% | $1.2M | $4.5M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.176% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0034% | 1h | 1,039.1 | −0.007% | $3K | $41K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,041 | +0.180% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,040.1 | +0.092% | $170K | $180K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,040.1 | +0.088% | $683K | $13K | 10x | as long as short |
| Ondo Perps MU-USD.Plong | +0.0050% | 1h | 1,039.1 | long leg | $1.9M | $3.2M | 10x | |
| QFEX MU-USD | +0.0058% | 1h | 1,039.9 | +0.075% | $7.0M | $19.3M | 10x | as long as short |
| Bybit MUUSDT | +0.0072% | 8h | 1,040.4 | +0.121% | $18.8M | $32.3M | 100x | as long as short |
| Paradex MU-USD-PERP | +0.0079% | 8h | 1,040 | +0.081% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,039.8 | +0.061% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,039.5 | +0.030% | $151K | $227K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,039.5 | +0.038% | $5.2M | $5.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.5 | −0.060% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,039.9 | +0.076% | $827 | $799 | 20x | as long as short |
| Nado MU-PERP | +0.0101% | 1h | 1,039.4 | +0.027% | $277K | $842K | 10x | as long as short |
| RISEx MU/USDC | +0.0118% | 1h | 1,040.3 | +0.113% | $300K | $351K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,040.1 | +0.095% | $1.4M | $2.5M | 20x | as long as short |
| Arcus MU-USDshort | +0.0139% | 1h | 1,039.6 | +0.040% | $90K | $148K | 10x | |
| Coinbase International MU-PERP-INTX | +0.0192% | 1h | 1,039.6 | +0.039% | $727K | $1.2M | 10x | as long as short |
| Bullet MU-USD | +0.0197% | 1h | 1,040.3 | +0.114% | $24K | $386K | 10x | as long as short |
| Lighter MU | +0.0200% | 1h | 1,040.1 | +0.091% | $1.0M | $5.0M | 20x | as long as short |
| GRVT MU_USDT_Perp | +0.0218% | 8h | 1,039.5 | +0.030% | $81K | $1.4M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0224% | 1h | 1,040.1 | +0.092% | $177.4M | $75.6M | 10x | as long as short |
| Phoenix MU | +0.0310% | 1h | 1,039.4 | +0.025% | $532K | $159K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0336% | 1h | 1,039.3 | +0.020% | $551K | $1.1M | 10x | as long as short |
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
QFEX MU-USD
Bybit MUUSDT
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Nado MU-PERP
RISEx MU/USDC
BloFin MU-USDT
Coinbase International MU-PERP-INTX
Bullet MU-USD
Lighter MU
GRVT MU_USDT_Perp
tradeXYZ xyz:MU
Phoenix MU
Extended MU_24_5-USD