MU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.021%

Price spread now: SoDEX against Arcus−0.092%7-day average +0.023% · 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−$430.431% of the position

Long on Arcus Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.051%−$5 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.092%, 7d avg +0.023%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.115% cheaper against Arcus than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of +0.023%). If the spread goes back, that is −$12 on $10k: about 40 days of funding at the current rate ($0 a day). Mind the row above: over the last 3 days funding on this pair cost −0.051%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MU-USD	1,049.6	0.0040	pay 0.0005% / 1h	56m 03s	$71K	$242K	10x
Short	SoDEX MU-USD	1,048.7	0.0050	get 0.0006% / 1h	56m 03s	$688K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.092%Rate

Funding earned: $2.04
Price spread: −0.092% → +0.023%: −$11.54
Slippage, 4 orders: −$30.58
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$52.58
Costs to cover: 0.431%
Break-even: 187.3 days

Slippage from Arcus: live order book, 12 min ago; SoDEX: live order book, 13 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, 12 min ago	3.66 bp	9.4 bp −$9	14.4 bp −$144	doesn't fit	doesn't fit
Sell SoDEX live order book, 13 min ago	0.05 bp	11.9 bp −$12	41.5 bp −$415	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	−0.0855%	4h	1,050.5	+0.079%	$1.3M	$670K	10x	as long as short
Nado MU-PERP	−0.0006%	1h	1,048.3	−0.130%	$271K	$859K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,048.5	−0.105%	$62.3M	$27.3M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.1	−0.049%	$190K	$3.3M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,048.6	−0.097%	$26K	$397K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,049.6	−0.002%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.3	−0.127%	$65K	$315K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.2	−0.133%	$129K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,049.7	+0.004%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,048.5	−0.103%	$1.1M	$4.8M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,048.6	−0.102%	$1.2M	$4.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,048.3	−0.123%	$7.5M	$20.9M	10x	as long as short
Arcus MU-USDlong	+0.0040%	1h	1,049.6	long leg	$71K	$242K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,049.7	+0.006%	—	$179K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,048.6	−0.097%	$177.9M	$100.3M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.4	−0.116%	$170K	$203K	10x	as long as short
SoDEX MU-USDshort	+0.0050%	1h	1,048.7	−0.092%	$688K	$16K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.1	−0.052%	$1.9M	$2.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0078%	8h	1,048.5	−0.109%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0094%	8h	1,048.9	−0.072%	$30.9M	$101.4M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048.8	−0.079%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,048.7	−0.090%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.4	+0.072%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.9	−0.072%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.166%	$19K	$5K	12x	as long as short
Bybit MUUSDT	+0.0113%	8h	1,049	−0.055%	$19.3M	$32.7M	100x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,049.6	−0.004%	$761K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0144%	1h	1,048.3	−0.124%	$32K	$1K	10x	as long as short
Extended MU_24_5-USD	+0.0168%	1h	1,048.2	−0.132%	$563K	$1.2M	10x	as long as short
Variational Omni MU	+0.0251%	8h	1,048.5	−0.106%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0262%	8h	1,049.2	−0.042%	$21.6M	$49.1M	20x	as long as short
Binance MUUSDT	+0.0266%	8h	1,049	−0.064%	$125.8M	$523.0M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.9	+0.122%	$538K	$273K	15x	as long as short
Bitget MUUSDT	+0.0386%	8h	1,048.8	−0.083%	$20.5M	$41.6M	50x	as long as short
BloFin MU-USDT	+0.0388%	8h	1,049.6	−0.002%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,048.7	−0.091%	$315K	$340K	20x	as long as short
GRVT MU_USDT_Perp	+0.0514%	8h	1,050.4	+0.074%	$83K	$1.3M	10x	as long as short