Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.013%
Price spread now: Orderly against Aster−0.053%7-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
=Funding pays, the price is against you. Orderly is 0.053% cheaper against Aster than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 42 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MUUSD1 | 1,036.6 | 0 | get 0.0000% / 8h | 1h 34m | $21.1M | $58.7M | 20x |
| Short | Orderly PERP_MU_USDC_mythos | 1,036.1 | 0.0100 | get 0.0100% / 8h | 1h 34m | $824 | $799 | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Aster. 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
- $21
- Price spread: −0.053% → 0.000%
- −$5.29
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $1.71
- Costs to cover
- 0.140%
- Break-even
- 6.4 days
Slippage unknown: Aster: live order book, 5 min ago; Orderly: no order-book sample. 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 Aster live order book, 5 min ago | 0.48 bp | 5.0 bp −$5 | 8.6 bp −$86 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.0833% | 4h | 1,036.3 | −0.031% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDT | −0.0208% | 8h | 1,036.4 | −0.024% | $20.2M | $40.4M | 50x | as long as short |
| Aster MUUSD1long | 0.0000% | 8h | 1,036.6 | long leg | $21.1M | $58.7M | 20x | |
| Binance MUUSDT | 0.0000% | 8h | 1,036.5 | −0.010% | $121.4M | $537.3M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,036.6 | −0.005% | $18.5M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,036.4 | −0.021% | $29.8M | $99.9M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,036.2 | −0.041% | $315K | $386K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,036 | −0.060% | $61.7M | $28.5M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,036.2 | −0.043% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,036.4 | −0.021% | $73K | $1.4M | 10x | as long as short |
Show 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 | −0.052% | $187K | $3.5M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,036.1 | −0.048% | $26K | $389K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,037.3 | +0.072% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,036 | −0.061% | $74K | $558K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,035.9 | −0.071% | $127K | $441K | 50x | as long as short |
| Nado MU-PERP | +0.0004% | 1h | 1,035.8 | −0.082% | $277K | $815K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0016% | 1h | 1,035.9 | −0.068% | $3K | $44K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,036.4 | −0.023% | $1.1M | $4.9M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,036.4 | −0.016% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,035.7 | −0.087% | $540K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,035.9 | −0.071% | $7.0M | $18.6M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.424% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,036 | −0.058% | $70K | $230K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,035.9 | −0.064% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,035.9 | −0.067% | $176.0M | $88.0M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,035.8 | −0.077% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,036.1 | −0.045% | $680K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,035.9 | −0.071% | $1.8M | $2.6M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0052% | 8h | 1,036.2 | −0.042% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,035.8 | −0.080% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,035.9 | −0.070% | $147K | $190K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,036 | −0.061% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,036.6 | −0.005% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythosshort | +0.0100% | 8h | 1,036.1 | −0.053% | $824 | $799 | 20x | |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,036 | −0.056% | $731K | $1.2M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,036.2 | −0.038% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,035.9 | −0.067% | $530K | $270K | 15x | as long as short |
Aster MUUSD1
edgeX MUUSDC
Bitget MUUSDT
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_Perp
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Phoenix MU