Funding you earn now, next payment 07:00 UTC−0.0013%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h +0.033%
Price spread now: Deribit against Injective−1.366%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Deribit is 1.366% cheaper against Injective than usual: you would sell low and buy high (−$137 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MU/USDC PERP | 1,051.4 | 0.0033 | pay 0.0004% / 1h | 51m 28s | $19K | $5K | 12x |
| Short | Deribit MU_USDC-PERPETUAL | 1,037 | 0.0020 | get 0.0003% / 1h | 51m 28s | $74K | $543K | 10x |
Injective MU/USDC PERP
Deribit MU_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Injective. 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
- −$2.78
- Price spread: −1.366% → 0.000%
- −$136.58
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$146.39
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Deribit: live order book, 57 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 57 min ago | 3.65 bp | 9.4 bp −$9 | 13.4 bp −$134 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0643% | 4h | 1,038 | −1.269% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDT | −0.0090% | 8h | 1,037.7 | −1.299% | $20.2M | $41.4M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,037.7 | −1.298% | $21.1M | $57.5M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,037.6 | −1.310% | $121.6M | $536.9M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,037.6 | −1.313% | $18.6M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,037.4 | −1.328% | $29.9M | $101.4M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,037.5 | −1.317% | $315K | $384K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,037.2 | −1.348% | $61.4M | $28.3M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,038.8 | −1.199% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,038.3 | −1.241% | $84K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,037.5 | −1.318% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,038.2 | −1.253% | $11K | $5.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,036.8 | −1.382% | $128K | $441K | 50x | as long as short |
| Bullet MU-USD | +0.0007% | 1h | 1,037.4 | −1.327% | $26K | $390K | 10x | as long as short |
| Nado MU-PERP | +0.0018% | 1h | 1,037.2 | −1.349% | $276K | $816K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0019% | 1h | 1,038.5 | −1.222% | $3K | $44K | 10x | as long as short |
| Deribit MU_USDC-PERPETUALshort | +0.0020% | 1h | 1,037 | −1.366% | $74K | $543K | 10x | |
| Lighter RH MU | +0.0032% | 1h | 1,037.3 | −1.334% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,036.6 | −1.400% | $544K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,037.2 | −1.347% | $7.0M | $18.4M | 10x | as long as short |
| Injective MU/USDC PERPlong | +0.0033% | 1h | 1,051.4 | long leg | $19K | $5K | 12x | |
| Arcus MU-USD | +0.0040% | 1h | 1,037.8 | −1.287% | $70K | $230K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,037.3 | −1.334% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,037.2 | −1.347% | $176.3M | $89.2M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,037.3 | −1.337% | $168K | $196K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,037 | −1.363% | $681K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.1 | −1.361% | $1.9M | $2.6M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0053% | 8h | 1,037.6 | −1.309% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0072% | 1h | 1,037.5 | −1.316% | $1.1M | $4.9M | 20x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,036.7 | −1.397% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.2 | −1.351% | $147K | $190K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,037.1 | −1.358% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,037.7 | −1.298% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,036.9 | −1.372% | $824 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,037.6 | −1.311% | $732K | $1.3M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038.1 | −1.258% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,037.4 | −1.328% | $531K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Bullet MU-USD
Nado MU-PERP
Aftermath Perps MUUSD
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
Lighter MU
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