Funding you earn now, next payment 09:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.004%
Price spread now: Bybit against Aevo−0.152%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.152% cheaper against Aevo than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 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 | Aevo MU-PERP | 1,031.6 | 0.0080 | pay 0.0010% / 1h | 50m 32s | $32K | $1K | 10x |
| Short | Bybit MUUSDT | 1,030 | 0 | get 0.0000% / 8h | 7h 50m | $18.7M | $32.0M | 100x |
Aevo MU-PERP
Bybit MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Aevo. 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
- −$16.8
- Price spread: −0.152% → 0.000%
- −$15.19
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$58.99
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 3 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 0.87 bp | 8.0 bp −$8 | 13.8 bp −$138 | 42.9 bp −$4,291 | doesn't fit |
Aevo: 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 | −0.0378% | 4h | 1,032 | +0.038% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0106% | 8h | 1,030.6 | −0.095% | $19.9M | $40.3M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,030.7 | −0.090% | $21.1M | $68.4M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,030.4 | −0.112% | $121.4M | $539.7M | 50x | as long as short |
| Bybit MUUSDTshort | 0.0000% | 8h | 1,030 | −0.152% | $18.7M | $32.0M | 100x | |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,029.8 | −0.175% | $29.5M | $100.3M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,030.6 | −0.097% | $310K | $380K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,031 | −0.057% | $61.9M | $27.7M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,032.2 | +0.063% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,032.4 | +0.083% | $80K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance 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 | 1,032.5 | +0.090% | $187K | $3.6M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,033.1 | +0.148% | $11K | $5.4M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,032.1 | +0.055% | $124K | $483K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0023% | 1h | 1,033.5 | +0.184% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,030.4 | −0.114% | $6.9M | $18.7M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,031 | −0.060% | $994K | $4.9M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,030.9 | −0.068% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,030.6 | −0.099% | $550K | $1.1M | 10x | as long as short |
| Bullet MU-USD | +0.0032% | 1h | 1,032.2 | +0.061% | $25K | $389K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.918% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,029.6 | −0.189% | $89K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,031.8 | +0.019% | — | $177K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,030.9 | −0.066% | $174.6M | $79.8M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,031.3 | −0.027% | $167K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,031.4 | −0.014% | $677K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,030 | −0.153% | $1.9M | $2.8M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,031.2 | −0.040% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0064% | 1h | 1,029.8 | −0.174% | $272K | $807K | 10x | as long as short |
| Aevo MU-PERPlong | +0.0080% | 1h | 1,031.6 | long leg | $32K | $1K | 10x | |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,035.2 | +0.355% | $724K | $1.1M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,031.1 | −0.045% | $144K | $191K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,031 | −0.058% | $5.1M | $4.3M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,032.6 | +0.097% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,031.9 | +0.035% | $820 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,031.9 | +0.027% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,031.9 | +0.031% | $528K | $270K | 15x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0332% | 1h | 1,032.2 | +0.061% | $73K | $623K | 10x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Bullet MU-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
Nado MU-PERP
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU
Deribit MU_USDC-PERPETUAL