Funding you earn now, next payment 10:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.09 per $10,000 · paid last 24h +0.001%
Price spread now: Arcus against tradeXYZ−0.038%7-day average +0.015% · 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−$38as in the Price arb table
costs, in and out, $10k−$330.330% of the position
Funding, last 4 days (all we have)+0.075%+$8 on $10k
+Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.038%, 7d avg +0.015%
=Together, before fees+0.241%+ Points / potential airdroptradeXYZ: Active · farm board+$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Arcus is 0.053% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.015%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.075%, 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 | tradeXYZ xyz:MU | 1,032.7 | 0.0212 | pay 0.0026% / 1h | 57m 22s | $174.8M | $78.4M | 10x |
| Short | Arcus MU-USD | 1,032.3 | 0.0139 | get 0.0017% / 1h | 57m 22s | $90K | $233K | 10x |
tradeXYZ xyz:MU
Arcus MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against tradeXYZ. 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
- −$15.16
- Price spread: −0.038% → +0.015%
- −$5.27
- Slippage, 4 orders
- −$10.52
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$53.45
- Costs to cover
- 0.330%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 13 min ago; Arcus: live order book, 36 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 tradeXYZ live order book, 13 min ago | 0.48 bp | 10.3 bp −$10 | 10.7 bp −$107 | 14.8 bp −$1,477 | doesn't fit |
| Sell Arcus live order book, 36 min ago | 1.17 bp | 9.0 bp −$9 | 9.5 bp −$95 | 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 | −0.0349% | 4h | 1,033.1 | +0.042% | $1.3M | $694K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,033.4 | +0.063% | $21.1M | $69.7M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,032.8 | +0.011% | $121.4M | $551.0M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,033.2 | +0.048% | $29.1M | $104.5M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,032.8 | +0.008% | $61.6M | $27.5M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,033.1 | +0.036% | $19.5M | $41.8M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,032.4 | −0.030% | $2.5M | $2.7M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,032.5 | −0.017% | $187K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,034.2 | +0.148% | $11K | $5.2M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,033.2 | +0.044% | $119K | $492K | 50x | 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
HTX MU-USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps MUUSD | +0.0030% | 1h | 1,032.3 | −0.040% | $3K | $43K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,032.3 | −0.040% | $1.1M | $4.5M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.807% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,033.1 | +0.034% | — | $179K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,032.5 | −0.019% | $167K | $177K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,031.6 | −0.103% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0059% | 1h | 1,032.3 | −0.042% | $7.0M | $19.0M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,032.5 | −0.018% | $32K | $1K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0091% | 8h | 1,032.5 | −0.023% | $2K | — | 5x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,032.2 | −0.045% | $146K | $227K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,032.4 | −0.025% | $5.1M | $5.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,032.1 | −0.056% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,033 | +0.025% | $821 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0107% | 1h | 1,033.1 | +0.037% | $294K | $372K | 20x | as long as short |
| SoDEX MU-USD | +0.0115% | 1h | 1,033 | +0.032% | $678K | $13K | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,033.3 | +0.062% | $1.4M | $2.3M | 20x | as long as short |
| Bybit MUUSDT | +0.0120% | 8h | 1,033.1 | +0.037% | $18.7M | $32.5M | 100x | as long as short |
| Arcus MU-USDshort | +0.0139% | 1h | 1,032.3 | −0.038% | $90K | $233K | 10x | |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,030.9 | −0.171% | $720K | $1.1M | 10x | as long as short |
| Nado MU-PERP | +0.0170% | 1h | 1,032.1 | −0.063% | $264K | $811K | 10x | as long as short |
| Lighter MU | +0.0184% | 1h | 1,032.7 | 0.000% | $1.0M | $5.0M | 20x | as long as short |
| tradeXYZ xyz:MUlong | +0.0212% | 1h | 1,032.7 | long leg | $174.8M | $78.4M | 10x | |
| Phoenix MU | +0.0231% | 1h | 1,032.7 | 0.000% | $529K | $268K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0264% | 1h | 1,032 | −0.068% | $542K | $1.1M | 10x | as long as short |
| Bullet MU-USD | +0.0313% | 1h | 1,033.1 | +0.041% | $26K | $387K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0356% | 8h | 1,032.8 | +0.009% | $73K | $1.4M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0487% | 1h | 1,032.7 | −0.004% | $72K | $636K | 10x | as long as short |
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Vest MU-USD-PERP
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Aevo MU-PERP
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
SoDEX MU-USD
BloFin MU-USDT
Bybit MUUSDT
Coinbase International MU-PERP-INTX
Nado MU-PERP
Lighter MU
Phoenix MU
Extended MU_24_5-USD
Bullet MU-USD
GRVT MU_USDT_Perp
Deribit MU_USDC-PERPETUAL