MU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h −0.004%

Price spread now: Arcus against Deribit+0.011%7-day average −0.016% · 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−$44as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on Deribit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.088%+$9 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.011%, 7d avg −0.016%

Together, before fees+0.126%+$13 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 Arcus is 0.027% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MU_USDC-PERPETUAL	1,042	0	get 0.0000% / 1h	45m 04s	$73K	$503K	10x
Short	Arcus MU-USD	1,042.1	0.0040	get 0.0005% / 1h	45m 04s	$70K	$232K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee ArcusbpOrdersPrice spread, now +0.011%Rate

Funding earned: $8.46
Price spread: +0.011% → −0.016%: $2.67
Slippage, 4 orders: −$34.9
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$35.28
Costs to cover: 0.464%
Break-even: 36.2 days

Slippage from Deribit: live order book, 4 min ago; Arcus: 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 Deribit live order book, 4 min ago	3.65 bp	16.7 bp −$17	20.6 bp −$206	doesn't fit	doesn't fit
Sell Arcus live order book, 3 min ago	3.74 bp	10.9 bp −$11	13.4 bp −$134	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	−0.0373%	4h	1,042.1	+0.009%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,042	+0.003%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,041.5	−0.047%	$122.6M	$525.5M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,041.6	−0.035%	$18.6M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,041.3	−0.064%	$30.4M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,042.5	+0.049%	$336K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,041.3	−0.064%	$61.8M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,041.8	−0.022%	$20.4M	$41.0M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,042	−0.005%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,042.2	+0.021%	$83K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,042.1	+0.008%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,043.7	+0.159%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUALlong	0.0000%	1h	1,042	long leg	$73K	$503K	10x
HTX MU-USDT	0.0000%	8h	1,041.5	−0.045%	$128K	$443K	50x	as long as short
Nado MU-PERP	+0.0007%	1h	1,042.1	+0.014%	$281K	$820K	10x	as long as short
Bullet MU-USD	+0.0016%	1h	1,042.2	+0.019%	$25K	$392K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,042.1	+0.008%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,042	−0.001%	$7.0M	$17.9M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,041.9	−0.012%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,041.5	−0.050%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.898%	$19K	$5K	12x	as long as short
Arcus MU-USDshort	+0.0040%	1h	1,042.1	+0.011%	$70K	$232K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,042.5	+0.051%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,041.1	−0.086%	$176.9M	$93.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,042.1	+0.010%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,041.8	−0.021%	$684K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,041.6	−0.037%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,042.6	+0.060%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,041.7	−0.033%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,042.3	+0.032%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,041.8	−0.021%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,042.3	+0.029%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,042.1	+0.009%	$828	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,041.8	−0.023%	$1.5M	$2.0M	20x	as long as short
Lighter MU	+0.0128%	1h	1,042	0.000%	$1.1M	$4.9M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,043.3	+0.127%	$745K	$1.2M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,043.3	+0.125%	$534K	$270K	15x	as long as short