Funding you earn now, next payment 00:00 UTC−0.0065%/8h= −7.2% APRpaid last 24h −0.028%
Price spread now: Deribit against Paradex−0.038%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.038% cheaper against Paradex than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MU-USD-PERP | 1,046 | 0.0112 | pay 0.0112% / 8h | 20m 10s | $2K | — | 5x |
| Short | Deribit MU_USDC-PERPETUAL | 1,045.6 | 0.0047 | get 0.0006% / 1h | 20m 10s | $62K | $277K | 10x |
Paradex MU-USD-PERP
Deribit MU_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Paradex. 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
- −$13.75
- Price spread: −0.038% → 0.000%
- −$3.79
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$28.54
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 58 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 58 min ago | 0.05 bp | 13.2 bp −$13 | 17.3 bp −$173 | doesn't fit | doesn't fit |
Paradex: 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 | −0.0889% | 4h | 1,045.4 | −0.059% | $1.3M | $673K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,045.8 | −0.016% | $63.0M | $29.1M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,045.2 | −0.075% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,047.7 | +0.165% | $12K | $6.5M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,046 | +0.002% | $129K | $456K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0030% | 1h | 1,045.1 | −0.087% | $3K | $45K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,045.7 | −0.026% | $1.2M | $4.3M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.453% | $14K | $302 | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,046.2 | +0.020% | — | $194K | 25x | as long as short |
| Deribit MU_USDC-PERPETUALshort | +0.0047% | 1h | 1,045.6 | −0.038% | $62K | $277K | 10x |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
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 | 1,045.6 | −0.036% | $169K | $193K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,045.9 | −0.011% | $686K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,045 | −0.095% | $2.0M | $2.7M | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0072% | 8h | 1,045.9 | −0.004% | $30.8M | $105.0M | 50x | as long as short |
| Lighter MU | +0.0080% | 1h | 1,045.7 | −0.026% | $1.0M | $4.9M | 20x | as long as short |
| QFEX MU-USD | +0.0080% | 1h | 1,045.9 | −0.008% | $7.8M | $23.9M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,046 | +0.001% | $153K | $182K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,045.6 | −0.040% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,045.8 | −0.013% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,045.8 | −0.014% | $831 | $799 | 20x | as long as short |
| Paradex MU-USD-PERPlong | +0.0112% | 8h | 1,046 | long leg | $2K | — | 5x | |
| Bullet MU-USD | +0.0114% | 1h | 1,046 | −0.001% | $25K | $394K | 10x | as long as short |
| Bitget MUUSDT | +0.0118% | 8h | 1,045.8 | −0.013% | $20.5M | $43.5M | 50x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,045.8 | −0.016% | $33K | — | 10x | as long as short |
| Nado MU-PERP | +0.0161% | 1h | 1,045.5 | −0.046% | $271K | $875K | 10x | as long as short |
| Aster MUUSD1 | +0.0161% | 8h | 1,046.3 | +0.028% | $21.5M | $47.3M | 20x | as long as short |
| Variational Omni MU | +0.0178% | 8h | 1,045.7 | −0.027% | $2.7M | $2.5M | — | as long as short |
| Binance MUUSDT | +0.0189% | 8h | 1,045.9 | −0.006% | $124.4M | $532.7M | 50x | as long as short |
| tradeXYZ xyz:MU | +0.0198% | 1h | 1,045.8 | −0.017% | $176.7M | $104.5M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0220% | 8h | 1,045.5 | −0.043% | $82K | $1.4M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0224% | 1h | 1,044.9 | −0.101% | $757K | $1.3M | 10x | as long as short |
| Bybit MUUSDT | +0.0266% | 8h | 1,046.1 | +0.014% | $19.2M | $32.4M | 100x | as long as short |
| BloFin MU-USDT | +0.0309% | 8h | 1,045.9 | −0.012% | $1.5M | $2.0M | 20x | as long as short |
| Extended MU_24_5-USD | +0.0376% | 1h | 1,045.1 | −0.088% | $541K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0460% | 1h | 1,045.6 | −0.036% | $535K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0462% | 1h | 1,045.5 | −0.047% | $70K | $244K | 10x | as long as short |
| RISEx MU/USDC | +0.0525% | 1h | 1,046.1 | +0.011% | $316K | $339K | 20x | as long as short |
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
OKX MU-USDT-SWAP
Lighter MU
QFEX MU-USD
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Bullet MU-USD
Bitget MUUSDT
Aevo MU-PERP
Nado MU-PERP
Aster MUUSD1
Variational Omni MU
Binance MUUSDT
tradeXYZ xyz:MU
GRVT MU_USDT_Perp
Coinbase International MU-PERP-INTX
Bybit MUUSDT
BloFin MU-USDT
Extended MU_24_5-USD
Phoenix MU
Arcus MU-USD
RISEx MU/USDC