Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.037%
Price spread now: Coinbase International against Bitget+0.138%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$310.305% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.138%, 7d avg −0.036%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.175% dearer against Bitget than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MUUSDT | 1,048.6 | 0 | get 0.0000% / 8h | 3h 46m | $20.5M | $41.3M | 50x |
| Short | Coinbase International MU-PERP-INTX | 1,050 | 0.0120 | get 0.0015% / 1h | 46m 34s | $757K | $1.2M | 10x |
Bitget MUUSDT
Coinbase International MU-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bitget. 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
- $25.2
- Price spread: +0.138% → −0.036%
- $17.46
- Slippage, 4 orders
- −$8.52
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $12.14
- Costs to cover
- 0.305%
- Break-even
- 3.6 days
Slippage from Bitget: live order book, 2 min ago; Coinbase International: live order book, 2 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 Bitget live order book, 2 min ago | 0.05 bp | 8.4 bp −$8 | 11.9 bp −$119 | 26.1 bp −$2,607 | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 0.05 bp | 8.9 bp −$9 | 11.5 bp −$115 | 42.1 bp −$4,209 | 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 | −0.0642% | 4h | 1,048 | −0.052% | $1.3M | $672K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,049.1 | +0.046% | $21.3M | $55.8M | 20x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,048.7 | +0.011% | $19.0M | $32.0M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,048.7 | +0.008% | $31.2M | $99.6M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,048.9 | +0.028% | $339K | $354K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,048.4 | −0.016% | $62.3M | $27.6M | 75x | as long as short |
| Bitget MUUSDTlong | 0.0000% | 8h | 1,048.6 | long leg | $20.5M | $41.3M | 50x | |
| Variational Omni MU | 0.0000% | 8h | 1,049.1 | +0.046% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,048 | −0.057% | $82K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,048.4 | −0.018% | $190K | $3.4M | 20x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_Perp
StandX MU-USDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MU-USDT | 0.0000% | 8h | 1,049.2 | +0.054% | $11K | $5.8M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,048.5 | −0.004% | $73K | $462K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,048 | −0.052% | $130K | $430K | 50x | as long as short |
| Binance MUUSDT | +0.0002% | 8h | 1,048.7 | +0.008% | $125.7M | $517.5M | 50x | as long as short |
| BloFin MU-USDT | +0.0014% | 8h | 1,048.4 | −0.015% | $1.5M | $2.0M | 20x | as long as short |
| Aftermath Perps MUUSD | +0.0024% | 1h | 1,048.8 | +0.024% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,048.4 | −0.017% | $7.1M | $17.8M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,048.5 | −0.005% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,048.5 | −0.009% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,048.2 | −0.041% | $554K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.265% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,048.4 | −0.015% | $71K | $233K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,049.3 | +0.072% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,048.3 | −0.027% | $177.8M | $97.1M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,048.4 | −0.017% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,048.4 | −0.021% | $688K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,047.7 | −0.087% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,048.7 | +0.010% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0056% | 1h | 1,048.1 | −0.050% | $282K | $830K | 10x | as long as short |
| Bullet MU-USD | +0.0066% | 1h | 1,048.8 | +0.021% | $26K | $394K | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,048.1 | −0.048% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,048.5 | −0.011% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,048.3 | −0.027% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,047 | −0.147% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,048.6 | −0.003% | $834 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTXshort | +0.0120% | 1h | 1,050 | +0.138% | $757K | $1.2M | 10x | |
| Phoenix MU | +0.0305% | 1h | 1,048.5 | −0.008% | $536K | $271K | 15x | as long as short |
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Binance MUUSDT
BloFin MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Nado MU-PERP
Bullet MU-USD
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Phoenix MU