Funding you earn now, next payment 00:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h +0.023%
Price spread now: Bullet against Bybit−0.021%7-day average +0.010% · 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−$31as in the Price arb table
costs, in and out, $10k−$270.274% of the position
Funding, last 3 days (all we have)+0.098%+$10 on $10k
+Price spread, last 3 days (all we have)+0.018%+$2 · spread now −0.021%, 7d avg +0.010%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bullet is 0.031% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.010%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.098%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MUUSDT | 1,045.6 | 0.0268 | pay 0.0268% / 8h | 23m 01s | $19.2M | $32.4M | 100x |
| Short | Bullet MU-USD | 1,045.4 | 0.0121 | get 0.0015% / 1h | 23m 01s | $25K | $394K | 10x |
Bybit MUUSDT
Bullet MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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
- −$30.8
- Price spread: −0.021% → +0.010%
- −$3.14
- Slippage, 4 orders
- −$8.38
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$61.32
- Costs to cover
- 0.274%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Bullet: live order book, 56 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, 1 min ago | 0.34 bp | 7.3 bp −$7 | 11.6 bp −$116 | 28.1 bp −$2,807 | doesn't fit |
| Sell Bullet live order book, 56 min ago | 0.48 bp | 6.4 bp −$6 | 21.5 bp −$215 | 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 | −0.0561% | 4h | 1,045.3 | −0.028% | $1.3M | $672K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,045.4 | −0.026% | $63.0M | $29.1M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,045.3 | −0.033% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,047.1 | +0.144% | $11K | $6.5M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,045.2 | −0.036% | $62K | $274K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,045.3 | −0.033% | $129K | $455K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0030% | 1h | 1,045 | −0.056% | $3K | $45K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,045.4 | −0.022% | $1.2M | $4.3M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.487% | $14K | $302 | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,045.7 | +0.004% | — | $194K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
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 | 1,045.2 | −0.040% | $169K | $189K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,045.3 | −0.035% | $686K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,044.6 | −0.100% | $2.0M | $2.7M | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0073% | 8h | 1,045.4 | −0.025% | $30.8M | $105.0M | 50x | as long as short |
| Lighter MU | +0.0080% | 1h | 1,045.2 | −0.038% | $1.0M | $4.9M | 20x | as long as short |
| QFEX MU-USD | +0.0080% | 1h | 1,045.5 | −0.013% | $7.8M | $23.9M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,045.5 | −0.008% | $153K | $182K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,045.2 | −0.039% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,045.9 | +0.025% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,045.3 | −0.029% | $831 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0116% | 8h | 1,045.4 | −0.023% | $2K | — | 5x | as long as short |
| Bitget MUUSDT | +0.0120% | 8h | 1,045.4 | −0.020% | $20.4M | $43.5M | 50x | as long as short |
| Bullet MU-USDshort | +0.0121% | 1h | 1,045.4 | −0.021% | $25K | $394K | 10x | |
| Aevo MU-PERP | +0.0128% | 1h | 1,045.2 | −0.040% | $33K | — | 10x | as long as short |
| Aster MUUSD1 | +0.0161% | 8h | 1,045.9 | +0.024% | $21.5M | $47.3M | 20x | as long as short |
| Nado MU-PERP | +0.0167% | 1h | 1,045.2 | −0.041% | $271K | $875K | 10x | as long as short |
| Variational Omni MU | +0.0183% | 8h | 1,045.3 | −0.033% | $2.7M | $2.5M | — | as long as short |
| Binance MUUSDT | +0.0190% | 8h | 1,045.5 | −0.012% | $124.3M | $533.1M | 50x | as long as short |
| tradeXYZ xyz:MU | +0.0204% | 1h | 1,045.3 | −0.031% | $176.6M | $104.5M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0224% | 1h | 1,044.9 | −0.067% | $757K | $1.3M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0226% | 8h | 1,045.3 | −0.034% | $82K | $1.4M | 10x | as long as short |
| Bybit MUUSDTlong | +0.0268% | 8h | 1,045.6 | long leg | $19.2M | $32.4M | 100x | |
| BloFin MU-USDT | +0.0310% | 8h | 1,045.5 | −0.015% | $1.5M | $2.0M | 20x | as long as short |
| Extended MU_24_5-USD | +0.0408% | 1h | 1,045 | −0.059% | $541K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0460% | 1h | 1,046.1 | +0.046% | $535K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0462% | 1h | 1,045.1 | −0.051% | $70K | $244K | 10x | as long as short |
| RISEx MU/USDC | +0.0525% | 1h | 1,045.8 | +0.013% | $316K | $339K | 20x | as long as short |
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
OKX MU-USDT-SWAP
Lighter MU
QFEX MU-USD
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
Bitget MUUSDT
Aevo MU-PERP
Aster MUUSD1
Nado MU-PERP
Variational Omni MU
Binance MUUSDT
tradeXYZ xyz:MU
Coinbase International MU-PERP-INTX
GRVT MU_USDT_Perp
BloFin MU-USDT
Extended MU_24_5-USD
Phoenix MU
Arcus MU-USD
RISEx MU/USDC