Funding you earn now, next payment 07:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.008%
Price spread now: Extended against Coinbase International−0.280%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$250.248% of the position
Funding, last 7 days−0.169%−$17 on $10k
+Price spread, last 4 days (all we have)+0.267%+$27 · spread now −0.280%, 7d avg −0.006%
=Together, before fees+0.098%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.274% cheaper against Coinbase International than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MU-PERP-INTX | 1,038.8 | 0.0080 | pay 0.0010% / 1h | 50m 26s | $734K | $1.2M | 10x |
| Short | Extended MU_24_5-USD | 1,035.9 | 0.0032 | get 0.0004% / 1h | 50m 26s | $546K | $1.1M | 10x |
Coinbase International MU-PERP-INTX
Extended MU_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Coinbase International. 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
- −$10.08
- Price spread: −0.280% → −0.006%
- −$27.41
- Slippage, 4 orders
- −$9.78
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$62.27
- Costs to cover
- 0.248%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Extended: 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 Coinbase International live order book, 3 min ago | 3.72 bp | 9.4 bp −$9 | 14.0 bp −$140 | 45.6 bp −$4,556 | doesn't fit |
| Sell Extended live order book, 3 min ago | 0.05 bp | 3.8 bp −$4 | 12.9 bp −$129 | 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 | −0.0721% | 4h | 1,036 | −0.266% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDT | −0.0217% | 8h | 1,036.6 | −0.208% | $20.2M | $40.0M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,036.7 | −0.200% | $21.1M | $64.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,036.5 | −0.216% | $122.0M | $538.3M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,036.5 | −0.219% | $18.7M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,036.4 | −0.227% | $29.8M | $100.0M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,036.5 | −0.218% | $313K | $385K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,036.3 | −0.235% | $61.4M | $28.2M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,036.2 | −0.245% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,035.8 | −0.291% | $82K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
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 | 1,036.1 | −0.257% | $187K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,038 | −0.071% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,036.1 | −0.258% | $74K | $592K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,036 | −0.272% | $127K | $460K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0016% | 1h | 1,035.9 | −0.276% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0021% | 1h | 1,036.3 | −0.240% | $7.0M | $18.8M | 10x | as long as short |
| Nado MU-PERP | +0.0029% | 1h | 1,036 | −0.264% | $277K | $807K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,036.3 | −0.237% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USDshort | +0.0032% | 1h | 1,035.9 | −0.280% | $546K | $1.1M | 10x | |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.211% | $19K | $5K | 12x | as long as short |
| Bullet MU-USD | +0.0039% | 1h | 1,036.6 | −0.212% | $25K | $390K | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,035.7 | −0.297% | $90K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,036.1 | −0.258% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,036.2 | −0.248% | $176.2M | $84.0M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,036.2 | −0.248% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,036.2 | −0.247% | $680K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,035.7 | −0.301% | $1.8M | $2.7M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,036.3 | −0.243% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0056% | 1h | 1,036.4 | −0.225% | $1.0M | $4.9M | 20x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,036 | −0.269% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTXlong | +0.0080% | 1h | 1,038.8 | long leg | $734K | $1.2M | 10x | |
| Pacifica MU | +0.0100% | 1h | 1,036.2 | −0.245% | $147K | $188K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,036.1 | −0.260% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,036.6 | −0.210% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,036.2 | −0.246% | $824 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,036.4 | −0.229% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0232% | 1h | 1,035.6 | −0.306% | $530K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Nado MU-PERP
Lighter RH MU
Injective MU/USDC PERP
Bullet MU-USD
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
Lighter MU
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU