Funding you earn now, next payment 09:00 UTC+0.0049%/8h= +5.3% APRpaid last 24h +0.020%
Price spread now: BloFin against Deribit+0.175%57s7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.392% of the position
Funding, last 4 days (all we have)+0.145%+$15 on $10k
+Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.175%, 7d avg +0.033%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.142% dearer against Deribit than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.033%. The two prices were read 57 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 | Deribit MU_USDC-PERPETUAL | 1,027.9 | 0.0071 | pay 0.0009% / 1h | 36m 09s | $72K | $629K | 10x |
| Short | BloFin MU-USDT | 1,029.7 | 0.0120 | get 0.0120% / 8h | 7h 36m | $1.5M | $2.2M | 20x |
Deribit MU_USDC-PERPETUAL
BloFin MU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Deribit. 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
- $10.26
- Price spread: +0.175% → +0.033%
- $14.21
- Slippage, 4 orders
- −$20.24
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$14.77
- Costs to cover
- 0.392%
- Break-even
- 17.1 days
Slippage from Deribit: live order book, 63 min ago; BloFin: 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 Deribit live order book, 63 min ago | 3.76 bp | 16.3 bp −$16 | 20.5 bp −$205 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.05 bp | 6.9 bp −$7 | 9.0 bp −$90 | 15.5 bp −$1,549 | 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 | −0.0646% | 4h | 1,029.1 | +0.121% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0061% | 8h | 1,028.2 | +0.028% | $19.8M | $40.3M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,028.7 | +0.077% | $21.0M | $68.9M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,028.2 | +0.034% | $121.1M | $543.8M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,028.4 | +0.047% | $18.6M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,028 | +0.010% | $29.4M | $101.1M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,028.1 | +0.023% | $309K | $375K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,028.1 | +0.019% | $61.6M | $27.9M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,029.4 | +0.144% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,029 | +0.104% | $72K | $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 | 1,029 | +0.106% | $186K | $3.6M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,029.1 | +0.113% | $11K | $5.4M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,028.3 | +0.039% | $119K | $488K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0026% | 1h | 1,029.1 | +0.115% | $3K | $43K | 10x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,028 | +0.010% | $6.9M | $18.8M | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,028 | +0.007% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,027.2 | −0.071% | $540K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +2.283% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,027.5 | −0.042% | $89K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,027.8 | −0.011% | — | $176K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,027.2 | −0.067% | $166K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,028.2 | +0.031% | $675K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,028 | +0.013% | $1.9M | $2.9M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0057% | 8h | 1,028 | +0.013% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0064% | 1h | 1,028.1 | +0.018% | $982K | $4.9M | 20x | as long as short |
| Deribit MU_USDC-PERPETUALlong | +0.0071% | 1h | 1,027.9 | long leg | $72K | $629K | 10x | |
| Nado MU-PERP | +0.0074% | 1h | 1,027.6 | −0.024% | $262K | $811K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0074% | 1h | 1,027.8 | −0.009% | $173.8M | $79.5M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,027.7 | −0.018% | $32K | $1K | 10x | as long as short |
| Bullet MU-USD | +0.0087% | 1h | 1,028 | +0.009% | $25K | $388K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,029.2 | +0.127% | $719K | $1.1M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,027.9 | +0.005% | $146K | $194K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,027.9 | −0.004% | $5.1M | $4.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,028.5 | +0.063% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,028.3 | +0.042% | $818 | $799 | 20x | as long as short |
| BloFin MU-USDTshort | +0.0120% | 8h | 1,029.7 | +0.175% | $1.5M | $2.2M | 20x | |
| Phoenix MU | +0.0231% | 1h | 1,029.9 | +0.196% | $527K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
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
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Lighter MU
Nado MU-PERP
tradeXYZ xyz:MU
Aevo MU-PERP
Bullet MU-USD
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Phoenix MU