Funding you earn now, next payment 11:00 UTC−0.0286%/8h= −31.3% APRnext payment −$0.36 per $10,000 · paid last 24h −0.031%
Price spread now: SoDEX against Extended+0.053%7-day average +0.024% · 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−$28as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 4 days (all we have)+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.053%, 7d avg +0.024%
=Together, before fees−0.028%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SoDEX is 0.029% dearer against Extended than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of +0.024%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 8 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.007% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MU_24_5-USD | 1,038.5 | 0.0336 | pay 0.0042% / 1h | 43m 09s | $551K | $1.1M | 10x |
| Short | SoDEX MU-USD | 1,039.1 | 0.0050 | get 0.0006% / 1h | 43m 09s | $683K | $14K | 10x |
Extended MU_24_5-USD
SoDEX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Extended. 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
- −$60.06
- Price spread: +0.053% → +0.024%
- $2.92
- Slippage, 4 orders
- −$17.58
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$87.72
- Costs to cover
- 0.306%
- Break-even
- never at this rate
Slippage from Extended: live order book, 3 min ago; SoDEX: live order book, 4 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 Extended live order book, 3 min ago | 0.14 bp | 3.0 bp −$3 | 14.4 bp −$144 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 4 min ago | 0.05 bp | 11.5 bp −$12 | 36.2 bp −$362 | doesn't fit | doesn't fit |
MU on 37 exchanges
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 | −0.0853% | 4h | 1,038.8 | +0.029% | $1.3M | $696K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,039.6 | +0.101% | $21.2M | $73.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,039.6 | +0.104% | $121.7M | $555.4M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,039.7 | +0.114% | $29.7M | $107.6M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,039.3 | +0.072% | $61.4M | $28.0M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,039.6 | +0.099% | $19.8M | $43.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,039.1 | +0.050% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,038.7 | +0.013% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,041.3 | +0.268% | $11K | $5.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,038.8 | +0.023% | $34K | $726K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,039.5 | +0.091% | $119K | $473K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,039.3 | +0.074% | $1.2M | $4.5M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.234% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0035% | 1h | 1,039 | +0.047% | $3K | $41K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,040.2 | +0.159% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,039.2 | +0.064% | $169K | $171K | 10x | as long as short |
| SoDEX MU-USDshort | +0.0050% | 1h | 1,039.1 | +0.053% | $683K | $14K | 10x | |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.4 | −0.110% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0058% | 1h | 1,039.1 | +0.054% | $7.0M | $19.3M | 10x | as long as short |
| Bybit MUUSDT | +0.0071% | 8h | 1,039.8 | +0.125% | $18.8M | $32.3M | 100x | as long as short |
| Paradex MU-USD-PERP | +0.0080% | 8h | 1,039.4 | +0.078% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,039 | +0.044% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,038.7 | +0.016% | $151K | $227K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,039.2 | +0.066% | $5.2M | $6.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.8 | +0.021% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,039.2 | +0.065% | $826 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0118% | 1h | 1,039.6 | +0.098% | $299K | $351K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,039.7 | +0.113% | $1.5M | $2.6M | 20x | as long as short |
| Nado MU-PERP | +0.0125% | 1h | 1,038.8 | +0.025% | $276K | $841K | 10x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,038.8 | +0.021% | $90K | $147K | 10x | as long as short |
| Lighter MU | +0.0168% | 1h | 1,039.4 | +0.081% | $1.0M | $5.0M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0192% | 1h | 1,038.5 | −0.007% | $727K | $1.2M | 10x | as long as short |
| Bullet MU-USD | +0.0210% | 1h | 1,039.6 | +0.100% | $24K | $384K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0221% | 8h | 1,040.4 | +0.182% | $73K | $1.4M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0240% | 1h | 1,039.3 | +0.073% | $177.2M | $75.7M | 10x | as long as short |
| Phoenix MU | +0.0308% | 1h | 1,040.4 | +0.179% | $532K | $159K | 15x | as long as short |
| Extended MU_24_5-USDlong | +0.0336% | 1h | 1,038.5 | long leg | $551K | $1.1M | 10x |
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
Vest MU-USD-PERP
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Bybit MUUSDT
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
BloFin MU-USDT
Nado MU-PERP
Arcus MU-USD
Lighter MU
Coinbase International MU-PERP-INTX
Bullet MU-USD
GRVT MU_USDT_Perp
tradeXYZ xyz:MU
Phoenix MU