MU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bullet against Arcus+0.019%7-day average +0.050% · 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−$39as in the Price arb table

costs, in and out, $10k−$360.355% of the position

Long on Arcus Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.019%, 7d avg +0.050%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.031% cheaper against Arcus than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MU-USD	1,051.9	0.0040	pay 0.0005% / 1h	5m 43s	$71K	$234K	10x
Short	Bullet MU-USD	1,052.1	0.0044	get 0.0005% / 1h	5m 43s	$26K	$395K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee BulletbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0.77
Price spread: +0.019% → +0.050%: −$3.14
Slippage, 4 orders: −$23.05
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$37.91
Costs to cover: 0.355%
Break-even: 351.1 days

Slippage from Arcus: live order book, 53 min ago; Bullet: live order book, 53 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 Arcus live order book, 53 min ago	3.42 bp	8.5 bp −$8	12.7 bp −$127	doesn't fit	doesn't fit
Sell Bullet live order book, 53 min ago	1.42 bp	8.2 bp −$8	21.0 bp −$210	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	−0.0884%	4h	1,052	+0.002%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,052.2	+0.029%	$21.4M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052	+0.008%	$31.2M	$99.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.3	+0.033%	$340K	$351K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.9	+0.001%	$62.3M	$27.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,052	+0.004%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.4	+0.044%	$81K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,052	+0.010%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.5	+0.056%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.7	−0.025%	$131K	$434K	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MUUSDT	+0.0011%	8h	1,052.1	+0.014%	$19.1M	$32.2M	100x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,052.1	+0.015%	$3K	$44K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0026%	1h	1,051.9	−0.003%	$72K	$448K	10x	as long as short
Binance MUUSDT	+0.0027%	8h	1,051.9	−0.001%	$126.4M	$516.3M	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,051.9	−0.004%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.4	−0.054%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.054%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052	+0.010%	$7.1M	$17.8M	10x	as long as short
Arcus MU-USDlong	+0.0040%	1h	1,051.9	long leg	$71K	$234K	10x
Nado MU-PERP	+0.0042%	1h	1,052.1	+0.013%	$282K	$835K	10x	as long as short
Bullet MU-USDshort	+0.0044%	1h	1,052.1	+0.019%	$26K	$395K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,053.4	+0.142%	—	$176K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.8	−0.012%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052	+0.009%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.4	−0.055%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,052.1	+0.014%	$2K	—	5x	as long as short
Bitget MUUSDT	+0.0053%	8h	1,052.1	+0.015%	$20.5M	$41.1M	50x	as long as short
Lighter MU	+0.0056%	1h	1,051.9	+0.001%	$1.1M	$5.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0064%	1h	1,051.6	−0.031%	$178.6M	$98.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.9	+0.091%	$759K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0088%	1h	1,051.8	−0.014%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052	+0.008%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.8	−0.010%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	+0.010%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052	+0.005%	$836	$799	20x	as long as short
BloFin MU-USDT	+0.0125%	8h	1,052.3	+0.030%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.4	+0.045%	$538K	$271K	15x	as long as short