Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.004%
Price spread now: Deribit against tradeXYZ+0.014%7-day average +0.026% · 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−$46as in the Price arb table
costs, in and out, $10k−$450.453% of the position
Funding, last 4 days (all we have)−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.014%, 7d avg +0.026%
=Together, before fees0.000%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MU | 1,035.8 | 0.0050 | pay 0.0006% / 1h | 39m 09s | $176.0M | $88.0M | 10x |
| Short | Deribit MU_USDC-PERPETUAL | 1,035.9 | 0 | get 0.0000% / 1h | 39m 09s | $74K | $555K | 10x |
tradeXYZ xyz:MU
Deribit MU_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$10.5
- Price spread: +0.014% → +0.026%
- −$1.23
- Slippage, 4 orders
- −$20.27
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$57
- Costs to cover
- 0.453%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 11 min ago; Deribit: live order book, 5 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, 11 min ago | 0.48 bp | 9.5 bp −$9 | 11.1 bp −$111 | 15.7 bp −$1,574 | doesn't fit |
| Sell Deribit live order book, 5 min ago | 0.05 bp | 11.4 bp −$11 | 16.8 bp −$168 | 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 | −0.0203% | 4h | 1,035.9 | +0.014% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDT | −0.0178% | 8h | 1,036.3 | +0.045% | $20.2M | $41.4M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,036.9 | +0.102% | $21.1M | $58.1M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,036.3 | +0.045% | $121.3M | $537.1M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,036.4 | +0.059% | $18.5M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,036 | +0.019% | $29.9M | $100.1M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,036.4 | +0.056% | $315K | $386K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,036 | +0.018% | $61.6M | $28.4M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,036 | +0.020% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,036.3 | +0.049% | $73K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
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 | 1,036.7 | +0.084% | $187K | $3.5M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,036.2 | +0.039% | $26K | $389K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,037.7 | +0.179% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUALshort | 0.0000% | 1h | 1,035.9 | +0.014% | $74K | $555K | 10x | |
| HTX MU-USDT | 0.0000% | 8h | 1,035.8 | +0.004% | $127K | $441K | 50x | as long as short |
| Nado MU-PERP | +0.0010% | 1h | 1,036.1 | +0.030% | $277K | $816K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0017% | 1h | 1,036.2 | +0.035% | $3K | $44K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,036.6 | +0.075% | $1.1M | $4.9M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,036.5 | +0.064% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,035.8 | −0.003% | $540K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,036.1 | +0.028% | $7.0M | $18.6M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.502% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,036.1 | +0.025% | $70K | $230K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,036.2 | +0.042% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MUlong | +0.0050% | 1h | 1,035.8 | long leg | $176.0M | $88.0M | 10x | |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,035.9 | +0.010% | $168K | $196K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,036.3 | +0.050% | $680K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,035.8 | +0.003% | $1.8M | $2.6M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0052% | 8h | 1,036.2 | +0.041% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,035.8 | −0.003% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,036.2 | +0.035% | $147K | $190K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,036.1 | +0.027% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,036.5 | +0.064% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,036.1 | +0.030% | $824 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,036 | +0.021% | $731K | $1.2M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,036.4 | +0.056% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,036.2 | +0.039% | $530K | $270K | 15x | as long as short |
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
HTX MU-USDT
Nado MU-PERP
Aftermath Perps MUUSD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Phoenix MU