Funding you earn now, next payment 00:00 UTC−0.0048%/8h= −5.2% APRnext payment −$0.48 per $10,000 · paid last 24h −0.018%
Price spread now: Bitget against Binance−0.022%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$270.270% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 2 days (all we have)+0.028%+$3 · spread now −0.022%, 7d avg 0.000%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.022% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of 0.000%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MUUSDT | 1,043.8 | 0.0130 | pay 0.0130% / 8h | 1h 45m | $124.9M | $537.2M | 50x |
| Short | Bitget MUUSDT | 1,043.6 | 0.0082 | get 0.0082% / 8h | 1h 45m | $20.4M | $42.9M | 50x |
Binance MUUSDT
Bitget MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$10.05
- Price spread: −0.022% → 0.000%
- −$2.21
- Slippage, 4 orders
- −$5.03
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$39.29
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Bitget: 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 Binance live order book, 13 min ago | 0.05 bp | 5.6 bp −$6 | 7.1 bp −$71 | 14.7 bp −$1,468 | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.48 bp | 8.0 bp −$8 | 9.2 bp −$92 | 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 | −0.0599% | 4h | 1,043.5 | −0.030% | $1.3M | $673K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,043.6 | −0.023% | $62.8M | $28.9M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,042.7 | −0.109% | $188K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,045.4 | +0.152% | $11K | $6.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,043.1 | −0.072% | $125K | $441K | 50x | as long as short |
| OKX MU-USDT-SWAP | +0.0004% | 8h | 1,043.6 | −0.027% | $30.7M | $104.5M | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0030% | 1h | 1,043.2 | −0.059% | $3K | $44K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,043.3 | −0.049% | $1.1M | $4.2M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.658% | $14K | $302 | 12x | as long as short |
| Aster MUUSD1 | +0.0036% | 8h | 1,044.1 | +0.028% | $21.5M | $47.2M | 20x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
OKX MU-USDT-SWAP
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Aster MUUSD1Show all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MU-USD-PERP | +0.0046% | 1h | 1,043.1 | −0.072% | — | $193K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,043.4 | −0.043% | $165K | $180K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,043.5 | −0.037% | $685K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,042.7 | −0.115% | $2.0M | $2.7M | 10x | as long as short |
| QFEX MU-USD | +0.0071% | 1h | 1,043.6 | −0.024% | $7.8M | $24.2M | 10x | as long as short |
| Bitget MUUSDTshort | +0.0082% | 8h | 1,043.6 | −0.022% | $20.4M | $42.9M | 50x | |
| Pacifica MU | +0.0100% | 1h | 1,043.1 | −0.069% | $154K | $182K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,042.9 | −0.093% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,043.1 | −0.074% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,043.5 | −0.029% | $830 | $799 | 20x | as long as short |
| Variational Omni MU | +0.0105% | 8h | 1,043.7 | −0.013% | $2.6M | $2.7M | — | as long as short |
| Aevo MU-PERP | +0.0112% | 1h | 1,043.3 | −0.056% | $33K | — | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0118% | 8h | 1,043.4 | −0.040% | $2K | — | 5x | as long as short |
| Binance MUUSDTlong | +0.0130% | 8h | 1,043.8 | long leg | $124.9M | $537.2M | 50x | |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,043.8 | −0.003% | $756K | $1.4M | 10x | as long as short |
| Lighter MU | +0.0192% | 1h | 1,043.5 | −0.037% | $1.0M | $4.8M | 20x | as long as short |
| Nado MU-PERP | +0.0193% | 1h | 1,042.8 | −0.100% | $303K | $849K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0194% | 8h | 1,043.7 | −0.015% | $82K | $1.4M | 10x | as long as short |
| Bybit MUUSDT | +0.0208% | 8h | 1,044 | +0.010% | $19.1M | $32.5M | 100x | as long as short |
| BloFin MU-USDT | +0.0249% | 8h | 1,043.4 | −0.048% | $1.5M | $2.1M | 20x | as long as short |
| Bullet MU-USD | +0.0253% | 1h | 1,043.5 | −0.034% | $26K | $399K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0356% | 1h | 1,043.6 | −0.024% | $176.3M | $107.1M | 10x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,044 | +0.015% | $534K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0435% | 1h | 1,043.4 | −0.041% | $63K | $230K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0441% | 1h | 1,043.2 | −0.058% | $60K | $241K | 10x | as long as short |
| RISEx MU/USDC | +0.0499% | 1h | 1,044 | +0.016% | $285K | $333K | 20x | as long as short |
| Extended MU_24_5-USD | +0.0600% | 1h | 1,042.5 | −0.129% | $541K | $1.1M | 10x | as long as short |
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Variational Omni MU
Aevo MU-PERP
Paradex MU-USD-PERP
Coinbase International MU-PERP-INTX
Lighter MU
Nado MU-PERP
GRVT MU_USDT_Perp
Bybit MUUSDT
BloFin MU-USDT
Bullet MU-USD
tradeXYZ xyz:MU
Phoenix MU
Arcus MU-USD
Deribit MU_USDC-PERPETUAL
RISEx MU/USDC
Extended MU_24_5-USD