Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.011%
Price spread now: Ondo Perps against Bybit−0.012%47s7-day average −0.087% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 7 days−0.013%−$1 · spread now −0.012%, 7d avg −0.087%
=Together, before fees−0.050%+ Points / potential airdropOndo Perps: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Ondo Perps is 0.075% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.087%. The two prices were read 47 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 | 1,047.8 | 0.0002 | pay 0.0002% / 8h | 3h 48m | $19.0M | $31.9M | 100x |
| Short | Ondo Perps MU-USD.P | 1,047.7 | 0.0050 | get 0.0006% / 1h | 48m 51s | $1.9M | $2.2M | 10x |
Bybit MUUSDT
Ondo Perps MU-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- $10.18
- Price spread: −0.012% → −0.087%
- $7.45
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- $1.64
- Costs to cover
- 0.160%
- Break-even
- 5.9 days
Slippage unknown: Bybit: live order book, 5 min ago; Ondo Perps: 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, 5 min ago | 0.48 bp | 6.9 bp −$7 | 10.1 bp −$101 | 29.8 bp −$2,980 | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | −0.0827% | 4h | 1,049.7 | +0.184% | $1.3M | $672K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,047.9 | +0.014% | $21.3M | $55.7M | 20x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,047.9 | +0.009% | $31.2M | $99.5M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,048.3 | +0.046% | $338K | $351K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,047.2 | −0.053% | $62.3M | $27.6M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,047.9 | +0.005% | $20.5M | $41.3M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,049.1 | +0.120% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,049.9 | +0.198% | $82K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,048.3 | +0.047% | $189K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,048.6 | +0.079% | $11K | $5.8M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,047.8 | −0.001% | $73K | $461K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,048.3 | +0.051% | $130K | $430K | 50x | as long as short |
| Bybit MUUSDTlong | +0.0002% | 8h | 1,047.8 | long leg | $19.0M | $31.9M | 100x | |
| Binance MUUSDT | +0.0005% | 8h | 1,047.6 | −0.020% | $125.5M | $517.2M | 50x | as long as short |
| BloFin MU-USDT | +0.0020% | 8h | 1,048 | +0.018% | $1.5M | $2.0M | 20x | as long as short |
| Aftermath Perps MUUSD | +0.0024% | 1h | 1,048.8 | +0.099% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,048 | +0.019% | $7.1M | $17.8M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,047.8 | −0.003% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,047.6 | −0.018% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,046.6 | −0.110% | $563K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.340% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,048.9 | +0.100% | $71K | $233K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,049 | +0.117% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,047.3 | −0.048% | $177.7M | $97.1M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,047.8 | 0.000% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,047.8 | +0.001% | $688K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.Pshort | +0.0050% | 1h | 1,047.7 | −0.012% | $1.9M | $2.2M | 10x | |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,048.2 | +0.035% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0059% | 1h | 1,047.8 | −0.001% | $281K | $832K | 10x | as long as short |
| Bullet MU-USD | +0.0065% | 1h | 1,048.1 | +0.029% | $26K | $395K | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,047.6 | −0.017% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,048 | +0.022% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,047.3 | −0.049% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,050.1 | +0.217% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,048 | +0.018% | $833 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,050 | +0.213% | $757K | $1.2M | 10x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,050.1 | +0.220% | $537K | $271K | 15x | as long as short |
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Binance MUUSDT
BloFin MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Paradex MU-USD-PERP
Nado MU-PERP
Bullet MU-USD
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
Phoenix MU