Funding you earn now, next payment 01:00 UTC+0.0540%/8h= +59.1% APRnext payment +$0.67 per $10,000 · paid last 24h +0.027%
Price spread now: Bullet against SoDEX−0.018%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$400.396% of the position
Funding, last 3 days (all we have)+0.066%+$7 on $10k
+Price spread, last 3 days (all we have)+0.080%+$8 · spread now −0.018%, 7d avg +0.031%
=Funding pays, the price is against you. Bullet is 0.049% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.031%). If the spread goes back, that is −$5 on $10k: about 7 hours of funding at the current rate (+$16 a day). At the pace of the last 3 days (+0.066% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.066% in total (about 7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.67 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MU-USD | 1,048.6 | 0.0335 | pay 0.0042% / 1h | 52m 42s | $688K | $16K | 10x |
| Short | Bullet MU-USD | 1,048.4 | 0.0874 | get 0.0109% / 1h | 52m 42s | $26K | $394K | 10x |
SoDEX MU-USD
Bullet MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against SoDEX. 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
- $113.36
- Price spread: −0.018% → +0.031%
- −$4.87
- Slippage, 4 orders
- −$23.62
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- $68.87
- Costs to cover
- 0.396%
- Break-even
- 2.7 days
Slippage from SoDEX: live order book, 21 min ago; Bullet: live order book, 21 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, 21 min ago | 0.05 bp | 12.2 bp −$12 | 43.9 bp −$439 | doesn't fit | doesn't fit |
| Sell Bullet live order book, 21 min ago | 1.43 bp | 7.1 bp −$7 | 21.6 bp −$216 | 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 | −0.0946% | 4h | 1,047 | −0.157% | $1.3M | $671K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,048.4 | −0.022% | $63.2M | $28.4M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,047.7 | −0.090% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,050.1 | +0.139% | $11K | $6.3M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,048.3 | −0.026% | $130K | $418K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,046.5 | −0.202% | $3K | $44K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,048.5 | −0.014% | $1.1M | $4.7M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,048.5 | −0.013% | $1.2M | $4.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.201% | $14K | $251 | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,048.9 | +0.024% | — | $194K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter MU
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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,047.6 | −0.094% | $2.0M | $2.3M | 10x | as long as short |
| QFEX MU-USD | +0.0054% | 1h | 1,048.5 | −0.012% | $7.8M | $23.4M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0074% | 1h | 1,048.5 | −0.010% | $62K | $292K | 10x | as long as short |
| Nado MU-PERP | +0.0075% | 1h | 1,048.2 | −0.038% | $272K | $860K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0088% | 8h | 1,048.6 | +0.003% | $30.9M | $101.5M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,048 | −0.054% | $153K | $180K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,048 | −0.060% | $5.3M | $3.7M | 20x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,048.1 | −0.045% | $833 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0106% | 8h | 1,048.6 | +0.003% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,048.1 | −0.046% | $32K | $1K | 10x | as long as short |
| Variational Omni MU | +0.0168% | 8h | 1,048.2 | −0.043% | $2.7M | $2.5M | — | as long as short |
| Bitget MUUSDT | +0.0169% | 8h | 1,048.5 | −0.010% | $20.6M | $41.4M | 50x | as long as short |
| Aster MUUSD1 | +0.0182% | 8h | 1,048.1 | −0.044% | $21.6M | $47.8M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,048.4 | −0.015% | $760K | $1.3M | 10x | as long as short |
| Binance MUUSDT | +0.0188% | 8h | 1,048.5 | −0.008% | $125.6M | $524.2M | 50x | as long as short |
| GRVT MU_USDT_Perp | +0.0195% | 8h | 1,048 | −0.060% | $82K | $1.4M | 10x | as long as short |
| Arcus MU-USD | +0.0240% | 1h | 1,047.7 | −0.091% | $71K | $243K | 10x | as long as short |
| Bybit MUUSDT | +0.0256% | 8h | 1,048.8 | +0.020% | $19.2M | $32.5M | 100x | as long as short |
| BloFin MU-USDT | +0.0307% | 8h | 1,048.6 | −0.001% | $1.5M | $2.0M | 20x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,048.7 | +0.011% | $315K | $339K | 20x | as long as short |
| SoDEX MU-USDlong | +0.0335% | 1h | 1,048.6 | long leg | $688K | $16K | 10x | |
| Phoenix MU | +0.0383% | 1h | 1,048.9 | +0.029% | $536K | $306K | 15x | as long as short |
| ApeX Omni MUUSDT | +0.0451% | 1h | 1,048.3 | −0.026% | $71K | $267K | 50x | as long as short |
| Extended MU_24_5-USD | +0.0600% | 1h | 1,048.2 | −0.041% | $552K | $1.0M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0625% | 1h | 1,048.4 | −0.019% | $170K | $202K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0862% | 1h | 1,048.4 | −0.019% | $177.7M | $100.4M | 10x | as long as short |
| Bullet MU-USDshort | +0.0874% | 1h | 1,048.4 | −0.018% | $26K | $394K | 10x |
Ondo Perps MU-USD.P
QFEX MU-USD
Deribit MU_USDC-PERPETUAL
Nado MU-PERP
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
Aevo MU-PERP
Variational Omni MU
Bitget MUUSDT
Aster MUUSD1
Coinbase International MU-PERP-INTX
Binance MUUSDT
GRVT MU_USDT_Perp
Arcus MU-USD
Bybit MUUSDT
BloFin MU-USDT
RISEx MU/USDC
Phoenix MU
ApeX Omni MUUSDT
Extended MU_24_5-USD
Polymarket Perps MU-USD
tradeXYZ xyz:MU