MU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.023%

Price spread now: Arcus against SoDEX+0.033%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$440.442% of the position

Long on SoDEX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.053%+$5 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.033%, 7d avg −0.020%

Together, before fees+0.054%+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.053% dearer against SoDEX than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.020%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 18 days. Mind the row above: over the last 3 days funding on this pair paid +0.053%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MU-USD	1,036.4	0.0050	pay 0.0006% / 1h	45m 25s	$680K	$15K	10x
Short	Arcus MU-USD	1,036.7	0.0040	get 0.0005% / 1h	45m 25s	$70K	$230K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee ArcusbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$2.04
Price spread: +0.033% → −0.020%: $5.3
Slippage, 4 orders: −$31.68
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$40.92
Costs to cover: 0.442%
Break-even: never at this rate

Slippage from SoDEX: live order book, 63 min ago; Arcus: live order book, 63 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 SoDEX live order book, 63 min ago	0.05 bp	11.8 bp −$12	43.5 bp −$435	doesn't fit	doesn't fit
Sell Arcus live order book, 63 min ago	3.74 bp	10.9 bp −$11	13.4 bp −$134	doesn't fit	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	−0.0657%	4h	1,036.5	+0.016%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0130%	8h	1,037	+0.066%	$20.2M	$41.4M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,037.2	+0.079%	$21.1M	$57.7M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.1	+0.070%	$121.5M	$537.2M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,036.9	+0.048%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,037	+0.059%	$30.0M	$101.3M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,036.5	+0.017%	$315K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,036.5	+0.011%	$61.5M	$28.3M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.4	+0.008%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.6	+0.023%	$75K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,036.6	+0.019%	$187K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,037.7	+0.128%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,036.3	−0.008%	$74K	$548K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,036.3	−0.011%	$127K	$441K	50x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,037	+0.058%	$3K	$44K	10x	as long as short
Bullet MU-USD	+0.0020%	1h	1,037	+0.062%	$25K	$389K	10x	as long as short
Nado MU-PERP	+0.0024%	1h	1,036.2	−0.013%	$277K	$816K	10x	as long as short
Lighter MU	+0.0032%	1h	1,036.3	−0.003%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.6	+0.021%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036.1	−0.021%	$541K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,036.4	+0.005%	$7.0M	$18.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.447%	$19K	$5K	12x	as long as short
Arcus MU-USDshort	+0.0040%	1h	1,036.7	+0.033%	$70K	$230K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,036.7	+0.037%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036.8	+0.042%	$176.3M	$89.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,036.7	+0.033%	$168K	$196K	10x	as long as short
SoDEX MU-USDlong	+0.0050%	1h	1,036.4	long leg	$680K	$15K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,035.6	−0.071%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,036.4	+0.008%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,036.1	−0.028%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,036.3	−0.010%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036.4	0.000%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,035.9	−0.049%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.4	−0.001%	$824	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,037.6	+0.118%	$732K	$1.3M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.8	+0.041%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,036.8	+0.042%	$530K	$270K	15x	as long as short