Funding you earn now, next payment 02:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h −0.012%
Price spread now: Injective against Bybit+0.130%78s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.142%−$14 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Injective is 0.130% dearer against Bybit than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.142%, so the current rate has only just turned in your favour. The two prices were read 78 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 | Bybit MUUSDT | 1,050 | 0 | get 0.0000% / 8h | 6h 19m | $19.2M | $32.6M | 100x |
| Short | Injective MU/USDC PERP | 1,051.4 | 0.0107 | get 0.0013% / 1h | 19m 55s | $19K | $5K | 12x |
Bybit MUUSDT
Injective MU/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $22.46
- Price spread: +0.130% → 0.000%
- $12.95
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $24.39
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 4 min ago; Injective: 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 Bybit live order book, 4 min ago | 0.05 bp | 7.3 bp −$7 | 10.4 bp −$104 | 30.1 bp −$3,014 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 36 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 | −0.0272% | 4h | 1,050.6 | +0.054% | $1.3M | $671K | 10x | as long as short |
| Nado MU-PERP | −0.0008% | 1h | 1,049.7 | −0.031% | $276K | $855K | 10x | as long as short |
| Bybit MUUSDTlong | 0.0000% | 8h | 1,050 | long leg | $19.2M | $32.6M | 100x | |
| Gate MU_USDT | 0.0000% | 8h | 1,049.5 | −0.044% | $62.0M | $27.7M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,050.4 | +0.040% | $190K | $3.4M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,049.8 | −0.019% | $24K | $395K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,050.8 | +0.076% | $11K | $6.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,049.4 | −0.055% | $66K | $339K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,049.3 | −0.067% | $129K | $425K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0017% | 1h | 1,049.7 | −0.031% | $3K | $45K | 10x | as long as short |
edgeX MUUSDC
Nado MU-PERP
Gate MU_USDT
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MU | +0.0032% | 1h | 1,049.5 | −0.047% | $1.1M | $4.8M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,049.4 | −0.055% | $1.1M | $4.2M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,049.3 | −0.070% | $567K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0040% | 1h | 1,049.6 | −0.038% | $7.4M | $19.5M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,049.9 | −0.010% | $71K | $236K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,050.8 | +0.073% | — | $177K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,049.3 | −0.067% | $178.1M | $99.6M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,049.5 | −0.048% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,049.5 | −0.045% | $689K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,049 | −0.100% | $1.9M | $2.3M | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0052% | 8h | 1,049.7 | −0.032% | $30.8M | $100.5M | 50x | as long as short |
| Paradex MU-USD-PERP | +0.0062% | 8h | 1,049.7 | −0.024% | $2K | — | 5x | as long as short |
| GRVT MU_USDT_Perp | +0.0085% | 8h | 1,050.7 | +0.071% | $81K | $1.3M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,049.8 | −0.020% | $148K | $187K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,049.5 | −0.047% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,050.9 | +0.090% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,049.8 | −0.022% | $835 | $799 | 20x | as long as short |
| Injective MU/USDC PERPshort | +0.0107% | 1h | 1,051.4 | +0.130% | $19K | $5K | 12x | |
| Aevo MU-PERP | +0.0128% | 1h | 1,049.5 | −0.048% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0128% | 1h | 1,050.3 | +0.027% | $757K | $1.2M | 10x | as long as short |
| Aster MUUSD1 | +0.0164% | 8h | 1,049.8 | −0.023% | $21.6M | $51.5M | 20x | as long as short |
| Variational Omni MU | +0.0181% | 8h | 1,049.8 | −0.024% | $2.7M | $2.4M | — | as long as short |
| Binance MUUSDT | +0.0199% | 8h | 1,049.8 | −0.022% | $126.5M | $523.5M | 50x | as long as short |
| Bitget MUUSDT | +0.0242% | 8h | 1,049.7 | −0.027% | $20.6M | $42.0M | 50x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,050.3 | +0.029% | $537K | $273K | 15x | as long as short |
| RISEx MU/USDC | +0.0507% | 1h | 1,050 | +0.001% | $334K | $348K | 20x | as long as short |
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
OKX MU-USDT-SWAP
Paradex MU-USD-PERP
GRVT MU_USDT_Perp
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Aster MUUSD1
Variational Omni MU
Binance MUUSDT
Bitget MUUSDT
Phoenix MU
RISEx MU/USDC