Funding you earn now, next payment 08:00 UTC+0.0039%/8h= +4.2% APRnext payment +$0.39 per $10,000 · paid last 24h +0.030%
Price spread now: Binance against HTX+0.057%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days+0.160%+$16 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.057%, 7d avg −0.013%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.070% dearer against HTX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX MU-USDT | 1,051.5 | 0 | get 0.0000% / 8h | 4h 12m | $131K | $434K | 50x |
| Short | Binance MUUSDT | 1,052.1 | 0.0039 | get 0.0039% / 8h | 4h 12m | $126.6M | $516.5M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against HTX. 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
- $8.12
- Price spread: +0.057% → −0.013%
- $7.01
- Slippage, 4 orders
- −$8.64
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$15.5
- Costs to cover
- 0.306%
- Break-even
- 20.4 days
Slippage from HTX: live order book, 46 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 HTX live order book, 46 min ago | 3.18 bp | 9.3 bp −$9 | 13.8 bp −$138 | 20.5 bp −$2,054 | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.05 bp | 5.4 bp −$5 | 6.8 bp −$68 | 13.5 bp −$1,346 | 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 | −0.0084% | 4h | 1,051.4 | −0.007% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,052.3 | +0.075% | $21.4M | $55.0M | 20x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,052.1 | +0.051% | $31.2M | $99.6M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,052 | +0.050% | $341K | $354K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,051.9 | +0.041% | $62.3M | $27.5M | 75x | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,051.7 | +0.016% | $81K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,051.5 | −0.002% | $190K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,052.1 | +0.059% | $11K | $5.8M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,051.6 | +0.010% | $72K | $443K | 10x | as long as short |
| HTX MU-USDTlong | 0.0000% | 8h | 1,051.5 | long leg | $131K | $434K | 50x |
Show all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MU | +0.0003% | 8h | 1,051.8 | +0.025% | $2.7M | $2.4M | — | as long as short |
| Bybit MUUSDT | +0.0021% | 8h | 1,052.1 | +0.056% | $19.1M | $32.3M | 100x | as long as short |
| Aftermath Perps MUUSD | +0.0023% | 1h | 1,051.9 | +0.034% | $3K | $44K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,052 | +0.049% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,051.6 | +0.004% | $566K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.014% | $19K | $5K | 12x | as long as short |
| QFEX MU-USD | +0.0034% | 1h | 1,051.7 | +0.016% | $7.1M | $17.8M | 10x | as long as short |
| Binance MUUSDTshort | +0.0039% | 8h | 1,052.1 | +0.057% | $126.6M | $516.5M | 50x | |
| Arcus MU-USD | +0.0040% | 1h | 1,051.6 | +0.007% | $71K | $234K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,053 | +0.146% | — | $176K | 25x | as long as short |
| Nado MU-PERP | +0.0047% | 1h | 1,051.5 | −0.001% | $282K | $836K | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,051.7 | +0.018% | $171K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,051.9 | +0.035% | $690K | $16K | 10x | as long as short |
| Bullet MU-USD | +0.0050% | 1h | 1,052 | +0.047% | $26K | $395K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,051 | −0.045% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,051.9 | +0.040% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0056% | 1h | 1,052.1 | +0.051% | $1.1M | $5.1M | 20x | as long as short |
| Bitget MUUSDT | +0.0069% | 8h | 1,052.1 | +0.057% | $20.5M | $41.1M | 50x | as long as short |
| tradeXYZ xyz:MU | +0.0072% | 1h | 1,051.7 | +0.018% | $178.7M | $99.0M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,052.9 | +0.131% | $759K | $1.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0088% | 1h | 1,051.5 | 0.000% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,051.8 | +0.028% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,051.8 | +0.024% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,051 | −0.047% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,051.9 | +0.037% | $836 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0161% | 8h | 1,051.9 | +0.035% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,052.5 | +0.094% | $538K | $271K | 15x | as long as short |
HTX MU-USDT
Binance MUUSDT
edgeX MUUSDC
Aster MUUSD1
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
Variational Omni MU
Bybit MUUSDT
Aftermath Perps MUUSD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Bullet MU-USD
Paradex MU-USD-PERP
Lighter MU
Bitget MUUSDT
tradeXYZ xyz:MU
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
BloFin MU-USDT
Phoenix MU