Funding you earn now, next payment 20:00 UTC+0.0312%/8hnext payment +$0.39 per $10,000 · paid last 24h +0.011%
Price spread now: Deribit against Arcus−0.007%7-day average +0.019% · 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−$44as in the Price arb table
costs, in and out, $10k−$410.414% of the position
Funding, last 3 days (all we have)−0.092%−$9 on $10k
+Price spread, last 3 days (all we have)−0.027%−$3 · spread now −0.007%, 7d avg +0.019%
=Funding pays, the price is against you. Deribit is 0.026% cheaper against Arcus than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.019%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 3 days funding on this pair cost −0.092%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.092% in total (about -10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 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 | Arcus MU-USD | 1,046.4 | 0.0041 | pay 0.0005% / 1h | 23m 09s | $63K | $235K | 10x |
| Short | Deribit MU_USDC-PERPETUAL | 1,046.3 | 0.0352 | get 0.0044% / 1h | 23m 09s | $55K | $150K | 10x |
Arcus MU-USD
Deribit MU_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Arcus. 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
- $65.45
- Price spread: −0.007% → +0.019%
- −$2.59
- Slippage, 4 orders
- −$29.85
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $21.5
- Costs to cover
- 0.414%
- Break-even
- 4.7 days
Slippage from Arcus: live order book, 9 min ago; Deribit: live order book, 9 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, 9 min ago | 2.63 bp | 6.8 bp −$7 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 9 min ago | 6.88 bp | 11.2 bp −$11 | 16.1 bp −$161 | 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 | −0.0425% | 4h | 1,046.9 | +0.046% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,046.9 | +0.044% | $21.5M | $26.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,046.5 | +0.007% | $125.5M | $519.7M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,046.6 | +0.020% | $19.0M | $31.1M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,046.1 | −0.028% | $30.9M | $101.3M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,047 | +0.055% | $288K | $331K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,046.4 | −0.004% | $63.7M | $28.0M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,046.4 | −0.004% | $2.7M | $2.7M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,046.8 | +0.035% | $83K | $1.2M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,046.4 | +0.004% | $189K | $3.0M | 20x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_Perp
StandX MU-USDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MU-USDT | 0.0000% | 8h | 1,048.2 | +0.174% | $11K | $6.7M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,046.3 | −0.014% | $125K | $443K | 50x | as long as short |
| Bitget MUUSDT | +0.0023% | 8h | 1,046.1 | −0.027% | $20.1M | $41.0M | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,046.3 | −0.011% | $1.1M | $4.3M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.412% | $14K | $302 | 12x | as long as short |
| Arcus MU-USDlong | +0.0041% | 1h | 1,046.4 | long leg | $63K | $235K | 10x | |
| QFEX MU-USD | +0.0045% | 1h | 1,046.7 | +0.031% | $7.9M | $23.5M | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,046.9 | +0.046% | — | $190K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,046.6 | +0.019% | $166K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,046.3 | −0.014% | $687K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,045.7 | −0.072% | $1.9M | $2.6M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0056% | 8h | 1,046.5 | +0.005% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0072% | 1h | 1,046.5 | +0.005% | $973K | $4.7M | 20x | as long as short |
| Extended MU_24_5-USD | +0.0080% | 1h | 1,045.8 | −0.059% | $526K | $1.0M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,046.4 | −0.003% | $33K | — | 10x | as long as short |
| Bullet MU-USD | +0.0082% | 1h | 1,046.8 | +0.038% | $25K | $397K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,046.5 | +0.009% | $153K | $179K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,046.1 | −0.025% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,046.8 | +0.033% | $71K | $267K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,046.5 | +0.013% | $832 | $799 | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0112% | 1h | 1,046.1 | −0.029% | $178.7M | $98.5M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,046.3 | −0.010% | $769K | $1.7M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,046.5 | +0.010% | $1.5M | $2.0M | 20x | as long as short |
| Nado MU-PERP | +0.0130% | 1h | 1,046 | −0.040% | $334K | $797K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0163% | 1h | 1,046.8 | +0.041% | $3K | $44K | 10x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,045.6 | −0.076% | $529K | $219K | 15x | as long as short |
| Deribit MU_USDC-PERPETUALshort | +0.0352% | 1h | 1,046.3 | −0.007% | $55K | $150K | 10x |
SunX MU-USDT
HTX MU-USDT
Bitget MUUSDT
Lighter RH MU
Injective MU/USDC PERP
QFEX MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Lighter MU
Extended MU_24_5-USD
Aevo MU-PERP
Bullet MU-USD
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
tradeXYZ xyz:MU
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Nado MU-PERP
Aftermath Perps MUUSD
Phoenix MU