MU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0270%/8h= −29.6% APRnext payment −$2.70 per $10,000 · paid last 24h −0.030%

Price spread now: Gate against Binance+0.025%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.160%−$16 on $10k

Price spread, last 2 days (all we have)−0.058%−$6 · spread now +0.025%, 7d avg −0.024%

Together, before fees−0.217%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.049% dearer against Binance than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.024%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.160% in total) that is about 2.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.160% in total (about -8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.70 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	Binance MUUSDT	1,051.1	0.0270	pay 0.0270% / 8h	7h 04m	$126.4M	$521.4M	50x
Short	Gate MU_USDT	1,051.3	0	get 0.0000% / 8h	7h 04m	$62.7M	$29.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now +0.025%Rate

Funding earned: −$56.69
Price spread: +0.025% → −0.024%: $4.88
Slippage, 4 orders: −$8.44
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$85.25
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Gate: live order book, 5 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, 10 min ago	0.05 bp	5.5 bp −$5	7.0 bp −$70	16.0 bp −$1,597	doesn't fit
Sell Gate live order book, 5 min ago	0.05 bp	10.9 bp −$11	16.0 bp −$160	31.9 bp −$3,189	56.5 bp −$28.3K

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	−0.0631%	4h	1,051.5	+0.040%	$1.3M	$671K	10x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,051.3	+0.025%	$62.7M	$29.1M	75x
StandX MU-USD	0.0000%	1h	1,050.5	−0.057%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052	+0.090%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.8	−0.029%	$65K	$312K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.1	+0.005%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,051.1	−0.001%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,051	−0.011%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.028%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.2	+0.106%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,051.2	+0.012%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.4	−0.069%	$2.0M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,051.3	+0.023%	$7.6M	$21.1M	10x	as long as short
Lighter MU	+0.0056%	1h	1,051	−0.009%	$1.1M	$4.8M	20x	as long as short
SoDEX MU-USD	+0.0057%	1h	1,050.9	−0.013%	$690K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0084%	8h	1,051.6	+0.051%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0086%	1h	1,051.2	+0.010%	$274K	$858K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.3	+0.018%	$149K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.2	+0.016%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.6	−0.041%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.7	−0.034%	$835	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0107%	8h	1,051	−0.006%	$30.9M	$101.6M	50x	as long as short
Aevo MU-PERP	+0.0152%	1h	1,050.8	−0.022%	$32K	$1K	10x	as long as short
Bullet MU-USD	+0.0172%	1h	1,051.3	+0.022%	$26K	$396K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,050.5	−0.056%	$762K	$1.2M	10x	as long as short
Bybit MUUSDT	+0.0196%	8h	1,051.3	+0.017%	$19.4M	$32.6M	100x	as long as short
tradeXYZ xyz:MU	+0.0198%	1h	1,051.1	+0.003%	$178.5M	$100.2M	10x	as long as short
Arcus MU-USD	+0.0240%	1h	1,051.2	+0.010%	$71K	$242K	10x	as long as short
Variational Omni MU	+0.0256%	8h	1,051.6	+0.046%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0267%	8h	1,051	−0.010%	$21.6M	$48.4M	20x	as long as short
Binance MUUSDTlong	+0.0270%	8h	1,051.1	long leg	$126.4M	$521.4M	50x
Extended MU_24_5-USD	+0.0296%	1h	1,050.6	−0.048%	$564K	$1.1M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,051.5	+0.040%	$316K	$339K	20x	as long as short
Phoenix MU	+0.0383%	1h	1,051.6	+0.050%	$538K	$306K	15x	as long as short
BloFin MU-USDT	+0.0389%	8h	1,051.5	+0.041%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0418%	8h	1,051.3	+0.020%	$20.6M	$41.6M	50x	as long as short
GRVT MU_USDT_Perp	+0.0569%	8h	1,051.2	+0.012%	$83K	$1.3M	10x	as long as short