Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.049%
Price spread now: tradeXYZ against SunX−0.067%52s7-day average −0.193% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$790.788% of the position
Funding, last 7 days+0.206%+$21 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.067%, 7d avg −0.193%
=Together, before fees+0.152%+ Points / potential airdroptradeXYZ: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.126% dearer against SunX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.193%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX MU-USDT | 1,048.3 | 0 | get 0.0000% / 8h | 3h 42m | $11K | $5.8M | 10x |
| Short | tradeXYZ xyz:MU | 1,047.6 | 0.0050 | get 0.0006% / 1h | 42m 34s | $177.6M | $97.5M | 10x |
SunX MU-USDT
tradeXYZ xyz:MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against SunX. 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
- $10.5
- Price spread: −0.067% → −0.193%
- $12.62
- Slippage, 4 orders
- −$52.82
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$55.71
- Costs to cover
- 0.788%
- Break-even
- 44.1 days
Slippage from SunX: live order book, 6 min ago; tradeXYZ: live order book, 7 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 SunX live order book, 6 min ago | 21.59 bp | 25.6 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 0.48 bp | 9.9 bp −$10 | 10.6 bp −$106 | 15.0 bp −$1,501 | 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 | −0.0933% | 4h | 1,048.6 | +0.030% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,048.2 | −0.007% | $21.3M | $56.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,047.7 | −0.062% | $125.4M | $517.9M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,048.1 | −0.018% | $19.0M | $32.0M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,048 | −0.033% | $31.2M | $99.6M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,047.8 | −0.046% | $338K | $353K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,047.7 | −0.056% | $62.3M | $27.7M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,047.9 | −0.034% | $20.5M | $41.3M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,048.6 | +0.026% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,048.5 | +0.017% | $82K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,047.6 | −0.068% | $189K | $3.4M | 20x | as long as short |
| SunX MU-USDTlong | 0.0000% | 8h | 1,048.3 | long leg | $11K | $5.8M | 10x | |
| HTX MU-USDT | 0.0000% | 8h | 1,047.4 | −0.090% | $130K | $431K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0024% | 1h | 1,047.8 | −0.044% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,047.7 | −0.059% | $7.1M | $17.9M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,047.7 | −0.053% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,047.7 | −0.059% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,047.2 | −0.108% | $553K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.292% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,047.7 | −0.054% | $71K | $233K | 10x | as long as short |
| BloFin MU-USDT | +0.0041% | 8h | 1,047.6 | −0.070% | $1.5M | $2.0M | 20x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,048.5 | +0.019% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MUshort | +0.0050% | 1h | 1,047.6 | −0.067% | $177.6M | $97.5M | 10x | |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,047.6 | −0.067% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,047.6 | −0.067% | $687K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,047.4 | −0.084% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,047.9 | −0.042% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0055% | 1h | 1,047.4 | −0.087% | $282K | $829K | 10x | as long as short |
| Bullet MU-USD | +0.0069% | 1h | 1,048.1 | −0.019% | $26K | $395K | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,047.2 | −0.104% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,047.7 | −0.056% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,047.7 | −0.054% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,048.3 | −0.001% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,047.7 | −0.060% | $833 | $799 | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0113% | 1h | 1,047.5 | −0.076% | $73K | $465K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,050 | +0.165% | $757K | $1.2M | 10x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,048.4 | +0.010% | $536K | $271K | 15x | as long as short |
StandX MU-USD
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
BloFin MU-USDT
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Nado MU-PERP
Bullet MU-USD
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Deribit MU_USDC-PERPETUAL
Coinbase International MU-PERP-INTX
Phoenix MU