Funding you earn now, next payment 08:00 UTC−0.0274%/8h= −30.0% APRnext payment −$2.74 per $10,000 · paid last 24h −0.021%
Price spread now: HTX against Bitget−0.053%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$350.355% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 3 days (all we have)+0.078%+$8 · spread now −0.053%, 7d avg −0.004%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and HTX is 0.049% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.74 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 | 1,049.4 | 0.0274 | pay 0.0274% / 8h | 6h 34m | $20.3M | $41.9M | 50x |
| Short | HTX MU-USDT | 1,048.9 | 0 | get 0.0000% / 8h | 6h 34m | $129K | $430K | 50x |
Bitget MUUSDT
HTX MU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$57.54
- Price spread: −0.053% → −0.004%
- −$4.89
- Slippage, 4 orders
- −$11.46
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$97.89
- Costs to cover
- 0.355%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; HTX: live order book, 33 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, 4 min ago | 0.05 bp | 6.6 bp −$7 | 10.3 bp −$103 | doesn't fit | doesn't fit |
| Sell HTX live order book, 33 min ago | 3.09 bp | 9.8 bp −$10 | 11.0 bp −$110 | 25.9 bp −$2,588 | 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 | −0.0949% | 4h | 1,048.4 | −0.095% | $1.3M | $671K | 10x | as long as short |
| Nado MU-PERP | −0.0006% | 1h | 1,049 | −0.042% | $274K | $858K | 10x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,049.6 | +0.019% | $19.2M | $32.6M | 100x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,049.1 | −0.035% | $62.1M | $27.6M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,048.8 | −0.066% | $190K | $3.4M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,049.1 | −0.032% | $26K | $395K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,050.1 | +0.067% | $11K | $6.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,048.6 | −0.078% | $66K | $329K | 10x | as long as short |
| HTX MU-USDTshort | 0.0000% | 8h | 1,048.9 | −0.053% | $129K | $430K | 50x | |
| Aftermath Perps MUUSD | +0.0020% | 1h | 1,048.8 | −0.060% | $3K | $45K | 10x | as long as short |
edgeX MUUSDC
Nado MU-PERP
Bybit MUUSDT
Gate MU_USDT
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
Aftermath Perps MUUSDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MU | +0.0032% | 1h | 1,048.9 | −0.053% | $1.1M | $4.8M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,048.9 | −0.055% | $1.1M | $4.2M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,049 | −0.040% | $567K | $1.2M | 10x | as long as short |
| QFEX MU-USD | +0.0040% | 1h | 1,049 | −0.047% | $7.5M | $20.0M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,048.8 | −0.059% | $71K | $237K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,050 | +0.054% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,049 | −0.042% | $178.1M | $99.9M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,048.8 | −0.061% | $170K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,048.9 | −0.053% | $688K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,048.4 | −0.099% | $1.9M | $2.4M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0067% | 8h | 1,049.3 | −0.013% | $2K | — | 5x | as long as short |
| OKX MU-USDT-SWAP | +0.0069% | 8h | 1,049 | −0.041% | $30.8M | $100.7M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,048.9 | −0.052% | $148K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,049.1 | −0.034% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,048.9 | −0.054% | $71K | $267K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,048.9 | −0.049% | $834 | $799 | 20x | as long as short |
| Injective MU/USDC PERP | +0.0107% | 1h | 1,051.4 | +0.183% | $19K | $5K | 12x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0128% | 1h | 1,048.1 | −0.130% | $759K | $1.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,048.7 | −0.073% | $32K | $1K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0158% | 8h | 1,049 | −0.045% | $81K | $1.3M | 10x | as long as short |
| Aster MUUSD1 | +0.0200% | 8h | 1,049.3 | −0.014% | $21.6M | $50.1M | 20x | as long as short |
| Variational Omni MU | +0.0204% | 8h | 1,049.1 | −0.033% | $2.7M | $2.4M | — | as long as short |
| Binance MUUSDT | +0.0218% | 8h | 1,049.3 | −0.010% | $126.9M | $525.0M | 50x | as long as short |
| Bitget MUUSDTlong | +0.0274% | 8h | 1,049.4 | long leg | $20.3M | $41.9M | 50x | |
| Phoenix MU | +0.0304% | 1h | 1,049.2 | −0.023% | $537K | $273K | 15x | as long as short |
| BloFin MU-USDT | +0.0368% | 8h | 1,049.8 | +0.035% | $1.5M | $2.0M | 20x | as long as short |
| RISEx MU/USDC | +0.0507% | 1h | 1,049.2 | −0.026% | $333K | $348K | 20x | as long as short |
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
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
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Injective MU/USDC PERP
Coinbase International MU-PERP-INTX
Aevo MU-PERP
GRVT MU_USDT_Perp
Aster MUUSD1
Variational Omni MU
Binance MUUSDT
Phoenix MU
BloFin MU-USDT
RISEx MU/USDC