Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h +0.024%
Price spread now: Deribit against SoDEX−0.013%7-day average −0.005% · 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−$51as in the Price arb table
costs, in and out, $10k−$500.500% of the position
Funding, last 3 days (all we have)−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.013%, 7d avg −0.005%
=The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MU-USD | 1,038 | 0.0050 | pay 0.0006% / 1h | 33m 34s | $681K | $15K | 10x |
| Short | Deribit MU_USDC-PERPETUAL | 1,037.8 | 0 | get 0.0000% / 1h | 33m 34s | $74K | $608K | 10x |
SoDEX MU-USD
Deribit MU_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against SoDEX. 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
- −$10.5
- Price spread: −0.013% → −0.005%
- −$0.89
- Slippage, 4 orders
- −$34.97
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$61.36
- Costs to cover
- 0.500%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 5 min ago; Deribit: live order book, 5 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 SoDEX live order book, 5 min ago | 0.05 bp | 12.0 bp −$12 | 43.9 bp −$439 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 5 min ago | 3.76 bp | 9.8 bp −$10 | 14.3 bp −$143 | 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 | −0.0248% | 4h | 1,037.9 | −0.001% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0178% | 8h | 1,038.2 | +0.020% | $20.2M | $40.0M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,038 | +0.005% | $21.2M | $65.5M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038 | 0.000% | $122.1M | $538.5M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,037.8 | −0.015% | $18.8M | $32.3M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,037.9 | −0.003% | $29.8M | $100.1M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,037.8 | −0.011% | $313K | $385K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,037.7 | −0.021% | $61.4M | $28.3M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,037.7 | −0.025% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,038.4 | +0.039% | $71K | $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 | 1,037.7 | −0.025% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039.8 | +0.182% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUALshort | 0.0000% | 1h | 1,037.8 | −0.013% | $74K | $608K | 10x | |
| HTX MU-USDT | 0.0000% | 8h | 1,037.8 | −0.017% | $126K | $481K | 50x | as long as short |
| Bullet MU-USD | +0.0012% | 1h | 1,038.1 | +0.014% | $25K | $390K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0017% | 1h | 1,038 | +0.006% | $3K | $44K | 10x | as long as short |
| Nado MU-PERP | +0.0020% | 1h | 1,037.5 | −0.044% | $280K | $807K | 10x | as long as short |
| QFEX MU-USD | +0.0021% | 1h | 1,037.7 | −0.029% | $7.0M | $18.8M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,037.8 | −0.013% | $1.0M | $4.9M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,037.7 | −0.023% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,037.4 | −0.049% | $545K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.292% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.4 | −0.049% | $90K | $245K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,037.9 | −0.003% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,037.6 | −0.034% | $176.4M | $82.7M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,037.7 | −0.024% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USDlong | +0.0050% | 1h | 1,038 | long leg | $681K | $15K | 10x | |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.5 | −0.046% | $1.8M | $2.7M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,037.7 | −0.025% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.6 | −0.030% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,037.4 | −0.049% | $725K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.8 | −0.014% | $147K | $188K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,037.5 | −0.044% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.6 | +0.060% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,037.9 | −0.004% | $825 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038.3 | +0.034% | $1.4M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0232% | 1h | 1,038.2 | +0.024% | $531K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Bullet MU-USD
Aftermath Perps MUUSD
Nado MU-PERP
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
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU