MU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h +0.005%

Price spread now: Deribit against Arcus−0.069%7-day average +0.017% · 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−$55as in the Price arb table

costs, in and out, $10k−$470.466% of the position

Long on Arcus Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.087%−$9 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.069%, 7d avg +0.017%

Together, before fees−0.084%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.086% cheaper against Arcus than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MU-USD	1,043.9	0.0040	pay 0.0005% / 1h	17m 45s	$70K	$233K	10x
Short	Deribit MU_USDC-PERPETUAL	1,043.2	0	get 0.0000% / 1h	17m 45s	$73K	$480K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Arcus. 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 ArcusbpFee DeribitbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$8.46
Price spread: −0.069% → +0.017%: −$8.59
Slippage, 4 orders: −$35.1
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$63.65
Costs to cover: 0.466%
Break-even: never at this rate

Slippage from Arcus: live order book, 35 min ago; Deribit: live order book, 36 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 Arcus live order book, 35 min ago	2.38 bp	9.6 bp −$10	12.5 bp −$125	doesn't fit	doesn't fit
Sell Deribit live order book, 36 min ago	4.53 bp	9.1 bp −$9	13.6 bp −$136	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	−0.0350%	4h	1,044.9	+0.098%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,044.8	+0.089%	$21.2M	$56.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,044.5	+0.060%	$124.0M	$522.8M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,044.4	+0.043%	$18.7M	$31.8M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,044.3	+0.037%	$30.9M	$99.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,043.5	−0.039%	$337K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.4	−0.051%	$61.9M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,044.8	+0.081%	$20.5M	$41.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,045.1	+0.108%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,044.9	+0.095%	$79K	$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	1,043.7	−0.017%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,045.7	+0.166%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUALshort	0.0000%	1h	1,043.2	−0.069%	$73K	$480K	10x
HTX MU-USDT	0.0000%	8h	1,043	−0.084%	$130K	$435K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,044.1	+0.017%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,043.3	−0.063%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,044.5	+0.052%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,044.5	+0.059%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,043.6	−0.029%	$548K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.713%	$19K	$5K	12x	as long as short
Nado MU-PERP	+0.0035%	1h	1,043.3	−0.061%	$280K	$828K	10x	as long as short
Bullet MU-USD	+0.0039%	1h	1,043.3	−0.057%	$26K	$392K	10x	as long as short
Arcus MU-USDlong	+0.0040%	1h	1,043.9	long leg	$70K	$233K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,043.9	−0.004%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,044.2	+0.027%	$176.7M	$95.3M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,043	−0.088%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,043.2	−0.074%	$685K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,043.5	−0.044%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.2	−0.066%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,042.8	−0.106%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,043.4	−0.050%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.3	−0.060%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,044.5	+0.054%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.2	−0.071%	$829	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.8	+0.080%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,044.2	+0.028%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,044.9	+0.094%	$534K	$271K	15x	as long as short