Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.004%
Price spread now: Orderly against Bybit+0.040%50s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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 Orderly is 0.040% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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 | 1,037.1 | 0 | get 0.0000% / 8h | 1h 04m | $18.7M | $32.3M | 100x |
| Short | Orderly PERP_MU_USDC_mythos | 1,037.5 | 0.0100 | get 0.0100% / 8h | 1h 04m | $825 | $799 | 20x |
Bybit MUUSDT
Orderly PERP_MU_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $21
- Price spread: +0.040% → 0.000%
- $4.05
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $8.05
- Costs to cover
- 0.170%
- Break-even
- 4.3 days
Slippage unknown: Bybit: live order book, 4 min ago; Orderly: 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 | 0.29 bp | 7.4 bp −$7 | 11.6 bp −$116 | 40.1 bp −$4,013 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.0729% | 4h | 1,038.8 | +0.163% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDT | −0.0145% | 8h | 1,037.6 | +0.048% | $20.2M | $40.4M | 50x | as long as short |
| Nado MU-PERP | −0.0006% | 1h | 1,036.9 | −0.022% | $279K | $810K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,037.5 | +0.043% | $21.2M | $63.4M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,037.4 | +0.031% | $122.2M | $538.8M | 50x | as long as short |
| Bybit MUUSDTlong | 0.0000% | 8h | 1,037.1 | long leg | $18.7M | $32.3M | 100x | |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,037.1 | +0.003% | $29.7M | $100.0M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,037.2 | +0.011% | $313K | $387K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,037.3 | +0.019% | $61.4M | $28.7M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,038.4 | +0.130% | $2.5M | $2.5M | — | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Nado MU-PERP
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MUShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,039.1 | +0.199% | $84K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,037.8 | +0.067% | $188K | $3.5M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,037.4 | +0.031% | $24K | $390K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039.8 | +0.259% | $11K | $5.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,037.5 | +0.036% | $128K | $441K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0014% | 1h | 1,037.9 | +0.079% | $3K | $44K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,037.2 | +0.013% | $1.0M | $5.0M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,037.1 | +0.002% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,036.3 | −0.079% | $537K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,036.8 | −0.031% | $7.0M | $18.7M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.377% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.7 | +0.064% | $90K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,037.5 | +0.038% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,037 | −0.008% | $176.3M | $85.5M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,036.9 | −0.017% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,037.7 | +0.055% | $681K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,038.1 | +0.094% | $1.8M | $2.7M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,037.2 | +0.012% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.3 | +0.024% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.2 | +0.015% | $147K | $189K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,036.9 | −0.022% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,039 | +0.187% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythosshort | +0.0100% | 8h | 1,037.5 | +0.040% | $825 | $799 | 20x | |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,038.8 | +0.164% | $734K | $1.2M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0116% | 1h | 1,037.5 | +0.039% | $74K | $579K | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,037.8 | +0.073% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,039.2 | +0.204% | $532K | $270K | 15x | as long as short |
GRVT MU_USDT_Perp
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Coinbase International MU-PERP-INTX
Deribit MU_USDC-PERPETUAL
BloFin MU-USDT
Phoenix MU