Funding you earn now, next payment 08:00 UTC+0.0121%/8h= +13.2% APRnext payment +$1.21 per $10,000 · paid last 24h +0.035%
Price spread now: BloFin against Binance−0.012%111s7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$240.244% of the position
Funding, last 7 days+0.244%+$24 on $10k
+Price spread, last 4 days (all we have)−0.137%−$14 · spread now −0.012%, 7d avg +0.026%
=Funding pays, the price is against you. BloFin is 0.037% cheaper against Binance than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.026%). If the spread goes back, that is −$4 on $10k: about 25 hours of funding at the current rate (+$4 a day). The two prices were read 111 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 | Binance MUUSDT | 1,052.4 | 0.0067 | pay 0.0067% / 8h | 4h 35m | $126.8M | $517.0M | 50x |
| Short | BloFin MU-USDT | 1,052.3 | 0.0188 | get 0.0188% / 8h | 4h 35m | $1.5M | $2.0M | 20x |
Binance MUUSDT
BloFin MU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $25.33
- Price spread: −0.012% → +0.026%
- −$3.75
- Slippage, 4 orders
- −$2.43
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$2.84
- Costs to cover
- 0.244%
- Break-even
- 7.8 days
Slippage from Binance: live order book, 9 min ago; BloFin: live order book, 3 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 Binance live order book, 9 min ago | 0.05 bp | 5.4 bp −$5 | 6.6 bp −$66 | 14.0 bp −$1,399 | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.19 bp | 7.2 bp −$7 | 7.9 bp −$79 | 12.0 bp −$1,198 | 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 | −0.0619% | 4h | 1,052.1 | −0.034% | $1.3M | $672K | 10x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,052.4 | −0.006% | $31.2M | $99.8M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,052.5 | +0.008% | $334K | $348K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,052.3 | −0.016% | $62.3M | $27.4M | 75x | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,052.3 | −0.008% | $82K | $1.3M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,051.6 | −0.074% | $190K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,054.2 | +0.170% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,052.4 | −0.002% | $131K | $436K | 50x | as long as short |
| Aster MUUSD1 | +0.0004% | 8h | 1,052.1 | −0.027% | $21.4M | $55.0M | 20x | as long as short |
| Aftermath Perps MUUSD | +0.0018% | 1h | 1,052.3 | −0.012% | $3K | $45K | 10x | as long as short |
edgeX MUUSDC
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aster MUUSD1
Aftermath Perps MUUSDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUUSDT | +0.0025% | 8h | 1,052.7 | +0.023% | $19.1M | $32.3M | 100x | as long as short |
| Variational Omni MU | +0.0032% | 8h | 1,052.2 | −0.017% | $2.7M | $2.4M | — | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,052.3 | −0.009% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,051.7 | −0.073% | $564K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.100% | $19K | $5K | 12x | as long as short |
| QFEX MU-USD | +0.0034% | 1h | 1,052.1 | −0.026% | $7.2M | $17.9M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,052 | −0.039% | $71K | $234K | 10x | as long as short |
| Bullet MU-USD | +0.0041% | 1h | 1,052.4 | −0.005% | $25K | $398K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,053.2 | +0.079% | — | $176K | 25x | as long as short |
| Nado MU-PERP | +0.0046% | 1h | 1,051.9 | −0.047% | $282K | $842K | 10x | as long as short |
| Lighter MU | +0.0048% | 1h | 1,052.4 | −0.005% | $1.1M | $5.1M | 20x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,052.1 | −0.030% | $171K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,052.3 | −0.009% | $691K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,051.4 | −0.093% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0052% | 8h | 1,052.4 | −0.001% | $2K | — | 5x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0054% | 1h | 1,052 | −0.043% | $69K | $420K | 10x | as long as short |
| Binance MUUSDTlong | +0.0067% | 8h | 1,052.4 | long leg | $126.8M | $517.0M | 50x | |
| tradeXYZ xyz:MU | +0.0078% | 1h | 1,052 | −0.039% | $178.9M | $99.0M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,052.1 | −0.027% | $758K | $1.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0096% | 1h | 1,051.9 | −0.047% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,052.4 | −0.002% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,052.1 | −0.034% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,052.3 | −0.009% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,052.3 | −0.015% | $837 | $799 | 20x | as long as short |
| Bitget MUUSDT | +0.0113% | 8h | 1,052.3 | −0.011% | $20.6M | $41.1M | 50x | as long as short |
| BloFin MU-USDTshort | +0.0188% | 8h | 1,052.3 | −0.012% | $1.5M | $2.0M | 20x | |
| Phoenix MU | +0.0304% | 1h | 1,052.3 | −0.011% | $538K | $271K | 15x | as long as short |
Bybit MUUSDT
Variational Omni MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
QFEX MU-USD
Arcus MU-USD
Bullet MU-USD
Vest MU-USD-PERP
Nado MU-PERP
Lighter MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Deribit MU_USDC-PERPETUAL
tradeXYZ xyz:MU
Coinbase International MU-PERP-INTX
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Bitget MUUSDT
Phoenix MU