Funding you earn now, next payment 02:00 UTC−0.0457%/8h= −50.1% APRnext payment −$0.57 per $10,000 · paid last 24h −0.053%
Price spread now: SoDEX against RISEx−0.064%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$330.329% of the position
Funding, last 3 days (all we have)+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)+0.016%+$2 · spread now −0.064%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and SoDEX is 0.036% cheaper against RISEx than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.013% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.57 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 | RISEx MU/USDC | 1,049.7 | 0.0507 | pay 0.0063% / 1h | 12m 50s | $334K | $349K | 20x |
| Short | SoDEX MU-USD | 1,049 | 0.0050 | get 0.0006% / 1h | 12m 50s | $688K | $16K | 10x |
RISEx MU/USDC
SoDEX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against RISEx. 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
- −$96.02
- Price spread: −0.064% → −0.028%
- −$3.58
- Slippage, 4 orders
- −$18.92
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$132.52
- Costs to cover
- 0.329%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 55 min ago; SoDEX: live order book, 56 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 RISEx live order book, 55 min ago | 1.71 bp | 4.7 bp −$5 | 5.3 bp −$53 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 56 min ago | 0.05 bp | 11.9 bp −$12 | 41.5 bp −$415 | doesn't fit | doesn't fit |
MU on 36 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 | −0.0227% | 4h | 1,049.8 | +0.012% | $1.3M | $673K | 10x | as long as short |
| Nado MU-PERP | −0.0003% | 1h | 1,049.6 | −0.013% | $277K | $854K | 10x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,049.6 | −0.012% | $19.2M | $32.6M | 100x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,049.1 | −0.057% | $62.0M | $27.7M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,049.6 | −0.011% | $190K | $3.4M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,049.1 | −0.059% | $25K | $394K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,050.4 | +0.063% | $11K | $6.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,048.9 | −0.082% | $66K | $342K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,048.9 | −0.074% | $129K | $426K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0017% | 1h | 1,049.4 | −0.032% | $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
HTX MU-USDT
Aftermath Perps MUUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MU | +0.0032% | 1h | 1,049 | −0.066% | $1.1M | $4.8M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,049 | −0.069% | $1.2M | $4.2M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,048.8 | −0.086% | $567K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0040% | 1h | 1,049.6 | −0.013% | $7.4M | $19.2M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,049.7 | −0.002% | $71K | $236K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0041% | 8h | 1,050.2 | +0.047% | $81K | $1.3M | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,050.4 | +0.068% | — | $175K | 25x | as long as short |
| OKX MU-USDT-SWAP | +0.0048% | 8h | 1,049.3 | −0.040% | $30.8M | $100.4M | 50x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,049.1 | −0.059% | $178.1M | $99.7M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,049 | −0.068% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USDshort | +0.0050% | 1h | 1,049 | −0.064% | $688K | $16K | 10x | |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,049.3 | −0.038% | $1.9M | $2.3M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0061% | 8h | 1,049.7 | 0.000% | $2K | — | 5x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,049.5 | −0.023% | $148K | $187K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,048.9 | −0.077% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,050.3 | +0.057% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,049.2 | −0.045% | $834 | $799 | 20x | as long as short |
| Injective MU/USDC PERP | +0.0107% | 1h | 1,051.4 | +0.157% | $19K | $5K | 12x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,048.9 | −0.081% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0128% | 1h | 1,050.3 | +0.054% | $757K | $1.2M | 10x | as long as short |
| Aster MUUSD1 | +0.0145% | 8h | 1,049.2 | −0.049% | $21.6M | $51.7M | 20x | as long as short |
| Variational Omni MU | +0.0171% | 8h | 1,049.8 | +0.008% | $2.7M | $2.4M | — | as long as short |
| Binance MUUSDT | +0.0186% | 8h | 1,049.1 | −0.059% | $126.3M | $522.6M | 50x | as long as short |
| Bitget MUUSDT | +0.0222% | 8h | 1,049.1 | −0.055% | $20.5M | $41.9M | 50x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,050.2 | +0.046% | $537K | $273K | 15x | as long as short |
| RISEx MU/USDClong | +0.0507% | 1h | 1,049.7 | long leg | $334K | $349K | 20x |
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Arcus MU-USD
GRVT MU_USDT_Perp
Vest MU-USD-PERP
OKX MU-USDT-SWAP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Injective MU/USDC PERP
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Aster MUUSD1
Variational Omni MU
Binance MUUSDT
Bitget MUUSDT
Phoenix MU