Funding you earn now, next payment 16:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.033%
Price spread now: BloFin against Bybit−0.017%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$290.295% of the position
Funding, last 7 days+0.290%+$29 on $10k
+Price spread, last 4 days (all we have)−0.159%−$16 · spread now −0.017%, 7d avg +0.007%
=Funding pays, the price is against you. BloFin is 0.023% cheaper against Bybit than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.007%). If the spread goes back, that is −$2 on $10k: about 15 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MUUSDT | 1,025.8 | 0 | get 0.0000% / 8h | 7h 27m | $18.6M | $32.4M | 100x |
| Short | BloFin MU-USDT | 1,025.6 | 0.0120 | get 0.0120% / 8h | 7h 27m | $1.5M | $2.2M | 20x |
Bybit MUUSDT
BloFin MU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $25.2
- Price spread: −0.017% → +0.007%
- −$2.31
- Slippage, 4 orders
- −$6.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$6.58
- Costs to cover
- 0.295%
- Break-even
- 8.8 days
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 6 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 Bybit live order book, 2 min ago | 0.24 bp | 9.5 bp −$9 | 11.5 bp −$115 | 37.6 bp −$3,765 | doesn't fit |
| Sell BloFin live order book, 6 min ago | 0.05 bp | 6.3 bp −$6 | 8.3 bp −$83 | 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 | −0.0522% | 4h | 1,025.4 | −0.034% | $1.3M | $696K | 10x | as long as short |
| Bitget MUUSDT | −0.0027% | 8h | 1,025.8 | −0.001% | $19.7M | $40.9M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,025.2 | −0.055% | $20.9M | $69.1M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,025.5 | −0.029% | $121.5M | $548.4M | 50x | as long as short |
| Bybit MUUSDTlong | 0.0000% | 8h | 1,025.8 | long leg | $18.6M | $32.4M | 100x | |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,026.1 | +0.032% | $29.2M | $102.6M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,024.1 | −0.165% | $291K | $382K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,024.9 | −0.083% | $61.6M | $28.3M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,025.8 | +0.001% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,025.3 | −0.044% | $73K | $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 | 1,024 | −0.169% | $185K | $3.6M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,026.3 | +0.048% | $11K | $5.4M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,025 | −0.073% | $119K | $491K | 50x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,025 | −0.071% | $6.9M | $18.9M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0029% | 1h | 1,025.1 | −0.062% | $3K | $43K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,024.9 | −0.080% | $1.1M | $4.5M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,024.6 | −0.108% | $541K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +2.496% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,024.4 | −0.136% | $89K | $243K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,024.3 | −0.143% | — | $179K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,023.7 | −0.201% | $166K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,024.5 | −0.119% | $672K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,023.6 | −0.208% | $1.9M | $3.1M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0060% | 8h | 1,024.9 | −0.085% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0064% | 1h | 1,025.1 | −0.067% | $988K | $5.0M | 20x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,024.8 | −0.094% | $31K | $1K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0091% | 1h | 1,024.8 | −0.094% | $173.3M | $80.3M | 10x | as long as short |
| Nado MU-PERP | +0.0094% | 1h | 1,024 | −0.172% | $264K | $814K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,024.5 | −0.123% | $716K | $1.1M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,025 | −0.079% | $145K | $194K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,024.8 | −0.090% | $5.1M | $4.6M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,024.7 | −0.103% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,024.7 | −0.106% | $815 | $799 | 20x | as long as short |
| BloFin MU-USDTshort | +0.0120% | 8h | 1,025.6 | −0.017% | $1.5M | $2.2M | 20x | |
| Bullet MU-USD | +0.0125% | 1h | 1,025.3 | −0.043% | $25K | $388K | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,024.2 | −0.152% | $524K | $270K | 15x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0472% | 1h | 1,025.2 | −0.058% | $72K | $629K | 10x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
QFEX MU-USD
Aftermath Perps MUUSD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Lighter MU
Aevo MU-PERP
tradeXYZ xyz:MU
Nado MU-PERP
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Bullet MU-USD
Phoenix MU
Deribit MU_USDC-PERPETUAL