Funding you earn now, next payment 06:00 UTC−0.0011%/8h= −1.3% APRnext payment −$0.01 per $10,000 · paid last 24h +0.007%
Price spread now: Deribit against Bullet−0.042%7-day average −0.034% · 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−$40as in the Price arb table
costs, in and out, $10k−$390.392% of the position
Funding, last 3 days (all we have)−0.084%−$8 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.042%, 7d avg −0.034%
=The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet MU-USD | 1,041.2 | 0.0011 | pay 0.0001% / 1h | 44m 18s | $25K | $391K | 10x |
| Short | Deribit MU_USDC-PERPETUAL | 1,040.8 | 0 | get 0.0000% / 1h | 44m 18s | $73K | $503K | 10x |
Bullet MU-USD
Deribit MU_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bullet. 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
- −$2.41
- Price spread: −0.042% → −0.034%
- −$0.78
- Slippage, 4 orders
- −$24.16
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$42.34
- Costs to cover
- 0.392%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 5 min ago; Deribit: live order book, 4 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 Bullet live order book, 5 min ago | 0.96 bp | 6.4 bp −$6 | 19.8 bp −$198 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 4 min ago | 3.65 bp | 9.4 bp −$9 | 13.4 bp −$134 | 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 | −0.0373% | 4h | 1,042.1 | +0.084% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,041.5 | +0.025% | $21.2M | $57.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,041 | −0.018% | $122.6M | $525.5M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,041.3 | +0.004% | $18.5M | $32.0M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,041 | −0.021% | $30.4M | $99.7M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,041.4 | +0.018% | $336K | $354K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,041.1 | −0.013% | $61.8M | $28.0M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,041.3 | +0.004% | $20.4M | $41.0M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,042 | +0.070% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,042.2 | +0.096% | $83K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,042.5 | +0.123% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,042.5 | +0.126% | $11K | $5.7M | 10x | as long as short |
| Deribit MU_USDC-PERPETUALshort | 0.0000% | 1h | 1,040.8 | −0.042% | $73K | $503K | 10x | |
| HTX MU-USDT | 0.0000% | 8h | 1,040.7 | −0.046% | $128K | $448K | 50x | as long as short |
| Nado MU-PERP | +0.0007% | 1h | 1,041 | −0.018% | $280K | $820K | 10x | as long as short |
| Bullet MU-USDlong | +0.0011% | 1h | 1,041.2 | long leg | $25K | $391K | 10x | |
| Aftermath Perps MUUSD | +0.0020% | 1h | 1,041.9 | +0.062% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0023% | 1h | 1,041.4 | +0.015% | $7.0M | $17.9M | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,041.4 | +0.013% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,040.7 | −0.050% | $546K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.974% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,041.9 | +0.061% | $70K | $232K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,041.7 | +0.050% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,040.9 | −0.031% | $176.9M | $93.6M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,041 | −0.021% | $169K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,041 | −0.021% | $683K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,041.5 | +0.030% | $1.9M | $2.3M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,041.5 | +0.031% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,040.8 | −0.045% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,041.2 | 0.000% | $147K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,041.2 | −0.001% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,042.3 | +0.103% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,041 | −0.019% | $828 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,041.8 | +0.052% | $1.5M | $2.0M | 20x | as long as short |
| Lighter MU | +0.0128% | 1h | 1,041.6 | +0.033% | $1.1M | $4.9M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0144% | 1h | 1,043.3 | +0.201% | $745K | $1.2M | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,043.3 | +0.200% | $534K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Nado MU-PERP
Aftermath Perps MUUSD
QFEX MU-USD
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
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Lighter MU
Coinbase International MU-PERP-INTX
Phoenix MU