Funding you earn now, next payment 09:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h −0.001%
Price spread now: tradeXYZ against Arcus+0.071%7-day average −0.015% · 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−$30as in the Price arb table
costs, in and out, $10k−$390.390% of the position
Funding, last 4 days (all we have)−0.075%−$8 on $10k
+Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.071%, 7d avg −0.015%
=Together, before fees−0.274%+ Points / potential airdroptradeXYZ: Active · farm board−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.086% dearer against Arcus than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.015%. Mind the row above: over the last 4 days funding on this pair cost −0.075%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MU-USD | 1,026.9 | 0.0040 | pay 0.0005% / 1h | 33m 59s | $89K | $244K | 10x |
| Short | tradeXYZ xyz:MU | 1,027.6 | 0.0080 | get 0.0010% / 1h | 33m 59s | $173.7M | $79.7M | 10x |
Arcus MU-USD
tradeXYZ xyz:MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $8.27
- Price spread: +0.071% → −0.015%
- $8.6
- Slippage, 4 orders
- −$16.55
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$22.17
- Costs to cover
- 0.390%
- Break-even
- 25.8 days
Slippage from Arcus: live order book, 64 min ago; tradeXYZ: live order book, 5 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, 64 min ago | 3.13 bp | 8.3 bp −$8 | 13.9 bp −$139 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.49 bp | 9.5 bp −$9 | 10.0 bp −$100 | 14.3 bp −$1,430 | 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 | −0.0646% | 4h | 1,029.1 | +0.220% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0053% | 8h | 1,028 | +0.107% | $19.8M | $40.4M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,028.6 | +0.169% | $21.0M | $68.9M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,028 | +0.107% | $121.1M | $545.5M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,028.3 | +0.138% | $18.6M | $32.3M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,027.9 | +0.096% | $29.3M | $101.5M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,027.6 | +0.074% | $309K | $374K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,027.8 | +0.093% | $61.9M | $28.0M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,028.1 | +0.117% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,029 | +0.204% | $72K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,028.5 | +0.157% | $186K | $3.6M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,028.4 | +0.149% | $11K | $5.4M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,028.1 | +0.121% | $120K | $489K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0026% | 1h | 1,028.5 | +0.157% | $3K | $43K | 10x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,027.6 | +0.069% | $6.9M | $18.9M | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,028.1 | +0.121% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,027 | +0.013% | $540K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +2.385% | $19K | $5K | 12x | as long as short |
| Arcus MU-USDlong | +0.0040% | 1h | 1,026.9 | long leg | $89K | $244K | 10x | |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,027 | +0.014% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,026.6 | −0.026% | $166K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,027.9 | +0.097% | $675K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,028 | +0.112% | $1.9M | $2.9M | 10x | as long as short |
| Lighter MU | +0.0056% | 1h | 1,028.4 | +0.144% | $974K | $5.0M | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0057% | 8h | 1,028 | +0.108% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0077% | 1h | 1,028.4 | +0.150% | $266K | $814K | 10x | as long as short |
| tradeXYZ xyz:MUshort | +0.0080% | 1h | 1,027.6 | +0.071% | $173.7M | $79.7M | 10x | |
| Aevo MU-PERP | +0.0080% | 1h | 1,027.3 | +0.042% | $32K | $1K | 10x | as long as short |
| Bullet MU-USD | +0.0095% | 1h | 1,027.4 | +0.056% | $25K | $388K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,029.2 | +0.227% | $719K | $1.1M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,027.6 | +0.071% | $145K | $194K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,028.1 | +0.123% | $5.1M | $4.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,028.9 | +0.194% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,028 | +0.110% | $817 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,028.5 | +0.157% | $1.5M | $2.2M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,029.5 | +0.256% | $527K | $270K | 15x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0314% | 1h | 1,028.4 | +0.144% | $72K | $629K | 10x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Lighter MU
Paradex MU-USD-PERP
Nado MU-PERP
Aevo MU-PERP
Bullet MU-USD
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU
Deribit MU_USDC-PERPETUAL