Funding you earn now, next payment 08:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.53 per $10,000 · paid last 24h −0.001%
Price spread now: Paradex against Bybit+0.057%49s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.057% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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 | 1,038 | 0 | get 0.0000% / 8h | 1h 48m | $18.6M | $32.2M | 100x |
| Short | Paradex MU-USD-PERP | 1,038.5 | 0.0053 | get 0.0053% / 8h | 1h 48m | $2K | — | 5x |
Bybit MUUSDT
Paradex MU-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $11.12
- Price spread: +0.057% → 0.000%
- $5.66
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $1.78
- Costs to cover
- 0.150%
- Break-even
- 5.9 days
Slippage unknown: Bybit: live order book, 5 min ago; Paradex: 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 | 1.69 bp | 7.9 bp −$8 | 13.8 bp −$138 | 39.4 bp −$3,942 | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 | −0.0643% | 4h | 1,038 | +0.006% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDT | −0.0098% | 8h | 1,037.8 | −0.013% | $20.2M | $41.4M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,038.3 | +0.032% | $21.1M | $57.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,037.7 | −0.021% | $121.6M | $537.0M | 50x | as long as short |
| Bybit MUUSDTlong | 0.0000% | 8h | 1,038 | long leg | $18.6M | $32.2M | 100x | |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,037.6 | −0.031% | $29.9M | $101.5M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,038.4 | +0.045% | $315K | $384K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,037.7 | −0.020% | $61.5M | $28.3M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,037.8 | −0.018% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,037.8 | −0.011% | $75K | $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 | 1,038.6 | +0.064% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039.1 | +0.107% | $11K | $5.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,037.6 | −0.036% | $128K | $441K | 50x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0010% | 1h | 1,037.7 | −0.027% | $74K | $546K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0018% | 1h | 1,038 | +0.005% | $3K | $44K | 10x | as long as short |
| Nado MU-PERP | +0.0022% | 1h | 1,037.1 | −0.085% | $276K | $816K | 10x | as long as short |
| Bullet MU-USD | +0.0031% | 1h | 1,038 | +0.005% | $25K | $390K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,037.6 | −0.037% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,037.4 | −0.049% | $544K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,038.2 | +0.024% | $7.0M | $18.4M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.292% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.9 | −0.005% | $70K | $230K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,038.3 | +0.035% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,037.6 | −0.034% | $176.4M | $89.2M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038 | +0.005% | $168K | $196K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,037.7 | −0.021% | $681K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.3 | −0.065% | $1.9M | $2.6M | 10x | as long as short |
| Paradex MU-USD-PERPshort | +0.0053% | 8h | 1,038.5 | +0.057% | $2K | — | 5x | |
| Lighter MU | +0.0072% | 1h | 1,037.8 | −0.016% | $1.1M | $4.9M | 20x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.5 | −0.042% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,038.1 | +0.016% | $147K | $190K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,037.6 | −0.037% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,037.7 | −0.023% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,037.7 | −0.022% | $825 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,037.6 | −0.036% | $732K | $1.3M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,037.7 | −0.023% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,037.4 | −0.053% | $531K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Deribit MU_USDC-PERPETUAL
Aftermath Perps MUUSD
Nado MU-PERP
Bullet MU-USD
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
Lighter MU
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Phoenix MU