Funding you earn now, next payment 01:00 UTC−0.0478%/8h= −52.3% APRnext payment −$0.60 per $10,000 · paid last 24h −0.035%
Price spread now: Injective against tradeXYZ−0.208%94s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.234%−$23 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Injective is 0.208% cheaper against tradeXYZ than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.234% in total (about -12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.60 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 | tradeXYZ xyz:MU | 1,052.9 | 0.0511 | pay 0.0064% / 1h | 47m 42s | $178.6M | $101.5M | 10x |
| Short | Injective MU/USDC PERP | 1,050.7 | 0.0033 | get 0.0004% / 1h | 47m 42s | $14K | $251 | 12x |
tradeXYZ xyz:MU
Injective MU/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$100.28
- Price spread: −0.208% → 0.000%
- −$20.8
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$139.1
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 12 min ago; Injective: no order-book sample. Net counts fees only.
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, 12 min ago | 1.91 bp | 10.9 bp −$11 | 11.8 bp −$118 | 17.5 bp −$1,749 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0892% | 4h | 1,050.2 | −0.252% | $1.3M | $673K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,052.9 | −0.005% | $63.1M | $28.5M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,049 | −0.375% | $190K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,054.4 | +0.142% | $11K | $6.3M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,052.6 | −0.027% | $130K | $426K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0021% | 1h | 1,048.8 | −0.385% | $3K | $45K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,053 | +0.011% | $1.1M | $4.7M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,052.9 | −0.003% | $1.2M | $4.1M | 10x | as long as short |
| Injective MU/USDC PERPshort | +0.0033% | 1h | 1,050.7 | −0.208% | $14K | $251 | 12x | |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,052.3 | −0.055% | — | $195K | 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
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 | 1,052.2 | −0.070% | $1.9M | $2.3M | 10x | as long as short |
| QFEX MU-USD | +0.0054% | 1h | 1,053 | +0.010% | $7.8M | $23.2M | 10x | as long as short |
| Nado MU-PERP | +0.0060% | 1h | 1,051.6 | −0.121% | $274K | $862K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0094% | 8h | 1,053 | +0.009% | $30.9M | $102.4M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,053 | +0.008% | $153K | $177K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,052.2 | −0.065% | $5.3M | $3.7M | 20x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,052.3 | −0.059% | $837 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0102% | 8h | 1,053.2 | +0.031% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,052.8 | −0.009% | $32K | $1K | 10x | as long as short |
| Bybit MUUSDT | +0.0135% | 8h | 1,053.3 | +0.037% | $19.2M | $32.6M | 100x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0168% | 1h | 1,053.4 | +0.048% | $63K | $294K | 10x | as long as short |
| Variational Omni MU | +0.0177% | 8h | 1,049.9 | −0.283% | $2.7M | $2.4M | — | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,052.2 | −0.070% | $762K | $1.3M | 10x | as long as short |
| Aster MUUSD1 | +0.0199% | 8h | 1,051.6 | −0.124% | $21.6M | $47.8M | 20x | as long as short |
| Binance MUUSDT | +0.0206% | 8h | 1,053.1 | +0.017% | $126.2M | $527.2M | 50x | as long as short |
| Arcus MU-USD | +0.0240% | 1h | 1,050.5 | −0.233% | $71K | $242K | 10x | as long as short |
| Bitget MUUSDT | +0.0241% | 8h | 1,052.8 | −0.009% | $20.7M | $41.7M | 50x | as long as short |
| Polymarket Perps MU-USD | +0.0276% | 1h | 1,052 | −0.085% | $170K | $202K | 10x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,053 | +0.006% | $317K | $339K | 20x | as long as short |
| BloFin MU-USDT | +0.0315% | 8h | 1,050.8 | −0.201% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,050.3 | −0.247% | $537K | $306K | 15x | as long as short |
| SoDEX MU-USD | +0.0421% | 1h | 1,051.6 | −0.125% | $690K | $16K | 10x | as long as short |
| Bullet MU-USD | +0.0510% | 1h | 1,052.7 | −0.021% | $27K | $394K | 10x | as long as short |
| tradeXYZ xyz:MUlong | +0.0511% | 1h | 1,052.9 | long leg | $178.6M | $101.5M | 10x | |
| ApeX Omni MUUSDT | +0.0518% | 1h | 1,049.3 | −0.341% | $71K | $267K | 50x | as long as short |
| GRVT MU_USDT_Perp | +0.0533% | 8h | 1,048.8 | −0.393% | $83K | $1.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0536% | 1h | 1,052.3 | −0.054% | $551K | $1.1M | 10x | as long as short |
Ondo Perps MU-USD.P
QFEX MU-USD
Nado MU-PERP
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
Aevo MU-PERP
Bybit MUUSDT
Deribit MU_USDC-PERPETUAL
Variational Omni MU
Coinbase International MU-PERP-INTX
Aster MUUSD1
Binance MUUSDT
Arcus MU-USD
Bitget MUUSDT
Polymarket Perps MU-USD
RISEx MU/USDC
BloFin MU-USDT
Phoenix MU
SoDEX MU-USD
Bullet MU-USD
ApeX Omni MUUSDT
GRVT MU_USDT_Perp
Extended MU_24_5-USD