Funding you earn now, next payment 08:00 UTC−0.0051%/8h= −5.5% APRnext payment −$0.51 per $10,000 · paid last 24h +0.005%
Price spread now: Binance against Paradex−0.028%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.028% cheaper against Paradex than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MU-USD-PERP | 1,041.5 | 0.0051 | pay 0.0051% / 8h | 2h 44m | $2K | — | 5x |
| Short | Binance MUUSDT | 1,041.3 | 0 | get 0.0000% / 8h | 2h 44m | $122.6M | $525.5M | 50x |
Paradex MU-USD-PERP
Binance MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Paradex. 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
- −$10.64
- Price spread: −0.028% → 0.000%
- −$2.76
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$27.4
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Binance: live order book, 14 min ago. Net counts fees only.
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 Paradex no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 14 min ago | 0.05 bp | 6.0 bp −$6 | 8.0 bp −$80 | 16.0 bp −$1,597 | doesn't fit |
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | +0.053% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,041.8 | +0.026% | $21.2M | $57.2M | 20x | as long as short |
| Binance MUUSDTshort | 0.0000% | 8h | 1,041.3 | −0.028% | $122.6M | $525.5M | 50x | |
| Bybit MUUSDT | 0.0000% | 8h | 1,041.3 | −0.027% | $18.6M | $32.0M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,041.1 | −0.046% | $30.4M | $99.7M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,041.4 | −0.013% | $336K | $354K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,041.4 | −0.018% | $61.8M | $27.9M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,041.7 | +0.012% | $20.4M | $41.0M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,042 | +0.040% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,042.2 | +0.065% | $83K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
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 | +0.092% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,043.7 | +0.204% | $11K | $5.7M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,042 | +0.044% | $73K | $503K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,041.5 | −0.001% | $128K | $443K | 50x | as long as short |
| Nado MU-PERP | +0.0007% | 1h | 1,041 | −0.048% | $280K | $820K | 10x | as long as short |
| Bullet MU-USD | +0.0016% | 1h | 1,042.2 | +0.063% | $25K | $392K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0019% | 1h | 1,042.1 | +0.053% | $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 | −0.017% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,041 | −0.053% | $546K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.943% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,041.9 | +0.031% | $70K | $232K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,041.7 | +0.019% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,041.2 | −0.033% | $176.9M | $93.6M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,041 | −0.052% | $169K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,041.8 | +0.023% | $684K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,041.5 | −0.001% | $1.9M | $2.3M | 10x | as long as short |
| Paradex MU-USD-PERPlong | +0.0051% | 8h | 1,041.5 | long leg | $2K | — | 5x | |
| Aevo MU-PERP | +0.0080% | 1h | 1,041.7 | +0.011% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,041.2 | −0.030% | $147K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,041.2 | −0.030% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,042.3 | +0.073% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,042.1 | +0.053% | $828 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,041.8 | +0.021% | $1.5M | $2.0M | 20x | as long as short |
| Lighter MU | +0.0128% | 1h | 1,041.6 | +0.003% | $1.1M | $4.9M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0144% | 1h | 1,043.3 | +0.171% | $745K | $1.2M | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,043.3 | +0.169% | $534K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Nado MU-PERP
Bullet MU-USD
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
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