Funding you earn now, next payment 08:00 UTC+0.0210%/8h= +23.0% APRnext payment +$2.10 per $10,000 · paid last 24h +0.008%
Price spread now: Binance against Bitget−0.036%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$260.261% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 7 days+0.009%+$1 · spread now −0.036%, 7d avg −0.007%
=Funding pays, the price is against you. Binance is 0.030% cheaper against Bitget than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of −0.007%). If the spread goes back, that is −$3 on $10k: about 11 hours of funding at the current rate (+$6 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.10 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 | Bitget MUUSDT | 1,037.7 | −0.0210 | get 0.0210% / 8h | 1h 26m | $20.2M | $40.3M | 50x |
| Short | Binance MUUSDT | 1,037.4 | 0 | get 0.0000% / 8h | 1h 26m | $121.6M | $537.6M | 50x |
Bitget MUUSDT
Binance MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $44.1
- Price spread: −0.036% → −0.007%
- −$2.97
- Slippage, 4 orders
- −$4.15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $14.98
- Costs to cover
- 0.261%
- Break-even
- 4.6 days
Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 2 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 Bitget live order book, 2 min ago | 0.48 bp | 8.1 bp −$8 | 12.0 bp −$120 | 18.9 bp −$1,894 | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.05 bp | 5.1 bp −$5 | 6.9 bp −$69 | 18.6 bp −$1,863 | 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 | −0.0477% | 4h | 1,038 | +0.023% | $1.3M | $674K | 10x | as long as short |
| Bitget MUUSDTlong | −0.0210% | 8h | 1,037.7 | long leg | $20.2M | $40.3M | 50x | |
| Nado MU-PERP | 0.0000% | 1h | 1,037.8 | +0.004% | $278K | $815K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,037.7 | 0.000% | $21.2M | $59.3M | 20x | as long as short |
| Binance MUUSDTshort | 0.0000% | 8h | 1,037.4 | −0.036% | $121.6M | $537.6M | 50x | |
| Bybit MUUSDT | 0.0000% | 8h | 1,037.4 | −0.032% | $18.5M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,037.4 | −0.034% | $29.9M | $100.0M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,037.8 | +0.008% | $313K | $387K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,037.4 | −0.035% | $61.6M | $28.6M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,037.4 | −0.036% | $2.5M | $2.6M | — | as long as short |
edgeX MUUSDC
Nado MU-PERP
Aster MUUSD1
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MUShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,037.6 | −0.013% | $73K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,038.1 | +0.039% | $188K | $3.5M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,037.7 | −0.001% | $26K | $389K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039 | +0.124% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,037.5 | −0.026% | $74K | $564K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,037.5 | −0.025% | $128K | $442K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0013% | 1h | 1,036.9 | −0.079% | $3K | $44K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,037.6 | −0.010% | $1.1M | $4.9M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,037.8 | +0.004% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,036.9 | −0.084% | $537K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,037.7 | −0.007% | $7.0M | $18.6M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.312% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.3 | −0.040% | $70K | $230K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,037.9 | +0.012% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,037.3 | −0.042% | $176.2M | $88.1M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,037.5 | −0.023% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,037.7 | −0.009% | $681K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.5 | −0.025% | $1.8M | $2.6M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0052% | 8h | 1,038 | +0.022% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.3 | −0.042% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.6 | −0.012% | $147K | $190K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,037.4 | −0.037% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.4 | +0.061% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,037.6 | −0.013% | $825 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,036 | −0.166% | $731K | $1.2M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,037.7 | −0.009% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,037.8 | +0.006% | $531K | $270K | 15x | as long as short |
GRVT MU_USDT_Perp
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Phoenix MU