Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.35 per $10,000 · paid last 24h −0.035%
Price spread now: Bybit against BloFin−0.025%112s7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$260.262% of the position
Funding, last 7 days−0.289%−$29 on $10k
+Price spread, last 3 days (all we have)+0.068%+$7 · spread now −0.025%, 7d avg −0.010%
=The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 112 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 | BloFin MU-USDT | 1,044.2 | 0.0278 | pay 0.0278% / 8h | 1h 19m | $1.4M | $2.0M | 20x |
| Short | Bybit MUUSDT | 1,044 | 0.0243 | get 0.0243% / 8h | 1h 19m | $19.2M | $32.6M | 100x |
BloFin MU-USDT
Bybit MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$7.34
- Price spread: −0.025% → −0.010%
- −$1.45
- Slippage, 4 orders
- −$3.18
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$34.97
- Costs to cover
- 0.262%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Bybit: live order book, 4 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 BloFin live order book, 4 min ago | 0.05 bp | 6.1 bp −$6 | 6.8 bp −$68 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.05 bp | 7.5 bp −$8 | 12.0 bp −$120 | 26.7 bp −$2,669 | 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 | −0.0865% | 4h | 1,044.1 | −0.014% | $1.3M | $673K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,043.6 | −0.055% | $62.9M | $29.1M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,043.1 | −0.106% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,046 | +0.172% | $11K | $6.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,043.6 | −0.056% | $125K | $442K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,043.4 | −0.076% | $1.2M | $4.2M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0033% | 1h | 1,043.8 | −0.043% | $3K | $45K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.622% | $14K | $302 | 12x | as long as short |
| OKX MU-USDT-SWAP | +0.0036% | 8h | 1,043.7 | −0.054% | $30.8M | $104.8M | 50x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,043.3 | −0.083% | — | $194K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Lighter RH MU
Aftermath Perps MUUSD
Injective MU/USDC PERP
OKX MU-USDT-SWAP
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,043.4 | −0.078% | $165K | $197K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,043.7 | −0.046% | $685K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,042.9 | −0.127% | $2.0M | $2.7M | 10x | as long as short |
| QFEX MU-USD | +0.0071% | 1h | 1,043.7 | −0.046% | $7.8M | $24.2M | 10x | as long as short |
| Aster MUUSD1 | +0.0087% | 8h | 1,044.4 | +0.022% | $21.5M | $47.4M | 20x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,043.5 | −0.064% | $154K | $181K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,043.5 | −0.071% | $5.2M | $4.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,043.5 | −0.069% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,043.8 | −0.041% | $830 | $799 | 20x | as long as short |
| Bitget MUUSDT | +0.0103% | 8h | 1,043.6 | −0.055% | $20.4M | $43.0M | 50x | as long as short |
| Aevo MU-PERP | +0.0120% | 1h | 1,043.6 | −0.058% | $33K | — | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0135% | 8h | 1,043.4 | −0.077% | $2K | — | 5x | as long as short |
| Variational Omni MU | +0.0141% | 8h | 1,044 | −0.020% | $2.6M | $2.6M | — | as long as short |
| Binance MUUSDT | +0.0160% | 8h | 1,043.8 | −0.035% | $124.8M | $535.7M | 50x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,043.2 | −0.094% | $755K | $1.4M | 10x | as long as short |
| Lighter MU | +0.0200% | 1h | 1,043.5 | −0.068% | $999K | $4.8M | 20x | as long as short |
| Nado MU-PERP | +0.0217% | 1h | 1,042.8 | −0.138% | $266K | $868K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0218% | 8h | 1,044.2 | +0.001% | $77K | $1.4M | 10x | as long as short |
| Bybit MUUSDTshort | +0.0243% | 8h | 1,044 | −0.025% | $19.2M | $32.6M | 100x | |
| Bullet MU-USD | +0.0276% | 1h | 1,043.7 | −0.054% | $27K | $396K | 10x | as long as short |
| BloFin MU-USDTlong | +0.0278% | 8h | 1,044.2 | long leg | $1.4M | $2.0M | 20x | |
| tradeXYZ xyz:MU | +0.0324% | 1h | 1,043.5 | −0.068% | $176.2M | $106.7M | 10x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,044.2 | −0.001% | $534K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0435% | 1h | 1,043.3 | −0.091% | $73K | $241K | 10x | as long as short |
| RISEx MU/USDC | +0.0499% | 1h | 1,044.1 | −0.009% | $295K | $338K | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0613% | 1h | 1,043.6 | −0.062% | $61K | $247K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0680% | 1h | 1,042.5 | −0.162% | $541K | $1.0M | 10x | as long as short |
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Aster MUUSD1
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Bitget MUUSDT
Aevo MU-PERP
Paradex MU-USD-PERP
Variational Omni MU
Binance MUUSDT
Coinbase International MU-PERP-INTX
Lighter MU
Nado MU-PERP
GRVT MU_USDT_Perp
Bullet MU-USD
tradeXYZ xyz:MU
Phoenix MU
Arcus MU-USD
RISEx MU/USDC
Deribit MU_USDC-PERPETUAL
Extended MU_24_5-USD