Funding you earn now, next payment 08:00 UTC−0.0909%/8h= −99.5% APRnext payment −$9.09 per $10,000 · paid last 24h −0.065%
Price spread now: Bitget against Gate−0.057%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1441.445% of the position
Funding, last 7 days+0.252%+$25 on $10k
+Price spread, last 7 days+0.085%+$9 · spread now −0.057%, 7d avg −0.002%
=Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Bitget is 0.055% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.002%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.252%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.252% in total (about 13.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.09 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 | Gate MUU_USDT | 35.060 | 0 | get 0.0000% / 8h | 1h 07m | $572K | $1.9M | 20x |
| Short | Bitget MUUUSDT | 35.040 | −0.0909 | pay 0.0909% / 8h | 1h 07m | $4.7M | $4.9M | 20x |
Gate MUU_USDT
Bitget MUUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- −$190.89
- Price spread: −0.057% → −0.002%
- −$5.5
- Slippage, 4 orders
- −$117.46
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$340.85
- Costs to cover
- 1.445%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Bitget: live order book, 6 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 Gate live order book, 5 min ago | 2.85 bp | 72.7 bp −$73 | 85.9 bp −$859 | 93.8 bp −$9,376 | doesn't fit |
| Sell Bitget live order book, 6 min ago | 1.85 bp | 16.0 bp −$16 | 37.6 bp −$376 | 50.5 bp −$5,046 | doesn't fit |
MUU on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MUUUSDTshort | −0.0909% | 8h | 35.040 | −0.057% | $4.7M | $4.9M | 20x | |
| Aster MUUUSDT | 0.0000% | 8h | 35.020 | −0.114% | $11K | $43K | 20x | as long as short |
| Bybit MUUUSDT | 0.0000% | 8h | 35.010 | −0.143% | $1.2M | $3.1M | 25x | as long as short |
| OKX MUU-USDT-SWAP | 0.0000% | 8h | 35.020 | −0.114% | $982K | $4.5M | 20x | as long as short |
| Gate MUU_USDTlong | 0.0000% | 8h | 35.060 | long leg | $572K | $1.9M | 20x | |
| HTX MUU-USDT | 0.0000% | 8h | 35.040 | −0.057% | $8K | $11K | 10x | as long as short |
| KuCoin MUUUSDTM | +0.0100% | 8h | 35.010 | −0.143% | $76K | $29K | 20x | as long as short |
| Binance MUUUSDT | +0.0219% | 8h | 35.024 | −0.103% | $6.3M | $97.6M | 25x | as long as short |
| MEXC MUU_USDT | +0.0220% | 8h | 35.010 | −0.143% | $6.3M | $6.7M | 50x | as long as short |
Aster MUUUSDT
Bybit MUUUSDT
OKX MUU-USDT-SWAP
HTX MUU-USDT
KuCoin MUUUSDTM
Binance MUUUSDT
MEXC MUU_USDT