Funding you earn now, next payment 11:00 UTC−0.0139%/8h= −15.3% APRpaid last 24h −0.028%
Price spread now: OKX against Arcus+0.110%47s7-day average +0.035% · 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—prices read too far apart to compare
costs, in and out, $10k−$250.253% of the position
Funding, last 4 days (all we have)−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.110%, 7d avg +0.035%
=The price spread pays, funding is against you. OKX is 0.075% dearer against Arcus than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of +0.035%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 43 hours. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MU-USD | 1,038.3 | 0.0139 | pay 0.0017% / 1h | 43m 43s | $90K | $148K | 10x |
| Short | OKX MU-USDT-SWAP | 1,039.5 | 0 | get 0.0000% / 8h | 5h 43m | $29.7M | $107.7M | 50x |
Arcus MU-USD
OKX MU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$29.29
- Price spread: +0.110% → +0.035%
- $7.49
- Slippage, 4 orders
- −$10.79
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$47.09
- Costs to cover
- 0.253%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 2 min ago; OKX: live order book, 3 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, 2 min ago | 2.94 bp | 6.3 bp −$6 | 10.0 bp −$100 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.05 bp | 7.2 bp −$7 | 9.2 bp −$92 | 20.9 bp −$2,090 | doesn't fit |
MU on 37 exchanges
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 | −0.0300% | 4h | 1,039.7 | +0.129% | $1.3M | $696K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,039.5 | +0.113% | $21.2M | $73.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,039.4 | +0.108% | $121.6M | $555.5M | 50x | as long as short |
| OKX MU-USDT-SWAPshort | 0.0000% | 8h | 1,039.5 | +0.110% | $29.7M | $107.7M | 50x | |
| Gate MU_USDT | 0.0000% | 8h | 1,039.1 | +0.077% | $61.4M | $28.0M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,039.4 | +0.108% | $19.8M | $43.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,039.1 | +0.072% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,038.7 | +0.036% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,040.8 | +0.241% | $11K | $5.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,038.4 | +0.010% | $34K | $726K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,038.9 | +0.056% | $119K | $474K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,039.3 | +0.095% | $1.2M | $4.5M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.257% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0035% | 1h | 1,039 | +0.069% | $3K | $41K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,039.8 | +0.140% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.7 | +0.038% | $169K | $171K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,038.9 | +0.058% | $683K | $14K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.4 | −0.088% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0058% | 1h | 1,038.4 | +0.012% | $7.0M | $19.3M | 10x | as long as short |
| Bybit MUUSDT | +0.0071% | 8h | 1,039.5 | +0.110% | $18.8M | $32.3M | 100x | as long as short |
| Paradex MU-USD-PERP | +0.0079% | 8h | 1,038.8 | +0.043% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,038.7 | +0.038% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,038.4 | +0.005% | $150K | $227K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038.8 | +0.051% | $5.2M | $6.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,039.8 | +0.144% | $71K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,039 | +0.065% | $826 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0118% | 1h | 1,039.1 | +0.075% | $299K | $351K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,039.2 | +0.090% | $1.5M | $2.6M | 20x | as long as short |
| Nado MU-PERP | +0.0123% | 1h | 1,038.4 | +0.010% | $276K | $841K | 10x | as long as short |
| Arcus MU-USDlong | +0.0139% | 1h | 1,038.3 | long leg | $90K | $148K | 10x | |
| Lighter MU | +0.0168% | 1h | 1,039.3 | +0.097% | $1.0M | $5.0M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0192% | 1h | 1,038.5 | +0.015% | $727K | $1.2M | 10x | as long as short |
| Bullet MU-USD | +0.0206% | 1h | 1,039.3 | +0.094% | $24K | $385K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0221% | 8h | 1,040.4 | +0.204% | $73K | $1.4M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0241% | 1h | 1,038.9 | +0.057% | $177.2M | $75.7M | 10x | as long as short |
| Phoenix MU | +0.0308% | 1h | 1,040.4 | +0.201% | $532K | $159K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0336% | 1h | 1,038.3 | −0.006% | $551K | $1.1M | 10x | as long as short |
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Bybit MUUSDT
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
BloFin MU-USDT
Nado MU-PERP
Lighter MU
Coinbase International MU-PERP-INTX
Bullet MU-USD
GRVT MU_USDT_Perp
tradeXYZ xyz:MU
Phoenix MU
Extended MU_24_5-USD