Funding you earn now, next payment 00:00 UTC+0.0152%/8h= +16.7% APRnext payment +$1.52 per $10,000 · paid last 24h +0.030%
Price spread now: Bybit against Gate+0.033%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$360.361% of the position
Funding, last 7 days+0.127%+$13 on $10k
+Price spread, last 7 days−0.001%$0 · spread now +0.033%, 7d avg +0.028%
=The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MU_USDT | 1,043.7 | 0 | get 0.0000% / 8h | 2h 30m | $63.0M | $28.8M | 75x |
| Short | Bybit MUUSDT | 1,044 | 0.0152 | get 0.0152% / 8h | 2h 30m | $19.0M | $32.4M | 100x |
Gate MU_USDT
Bybit MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- $31.96
- Price spread: +0.033% → +0.028%
- $0.43
- Slippage, 4 orders
- −$10.09
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$3.7
- Costs to cover
- 0.361%
- Break-even
- 7.8 days
Slippage from Gate: live order book, 3 min ago; Bybit: live order book, 3 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 Gate live order book, 3 min ago | 0.05 bp | 7.9 bp −$8 | 15.3 bp −$153 | 36.3 bp −$3,625 | 71.6 bp −$35.8K |
| Sell Bybit live order book, 3 min ago | 0.19 bp | 6.9 bp −$7 | 13.3 bp −$133 | 28.6 bp −$2,865 | 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 | −0.0823% | 4h | 1,043.5 | −0.019% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,044.1 | +0.043% | $21.5M | $42.5M | 20x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,043.7 | +0.007% | $30.8M | $104.2M | 50x | as long as short |
| Gate MU_USDTlong | 0.0000% | 8h | 1,043.7 | long leg | $63.0M | $28.8M | 75x | |
| StandX MU-USD | 0.0000% | 1h | 1,042.6 | −0.100% | $188K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,045.6 | +0.187% | $11K | $6.7M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,043.5 | −0.014% | $125K | $443K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,043.1 | −0.051% | $3K | $44K | 10x | as long as short |
| Variational Omni MU | +0.0023% | 8h | 1,044 | +0.030% | $2.7M | $2.7M | — | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,043.5 | −0.015% | $1.2M | $4.3M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
OKX MU-USDT-SWAP
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Variational Omni MU
Lighter RH MUShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.675% | $14K | $302 | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,043.2 | −0.042% | — | $193K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,043.2 | −0.045% | $165K | $176K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,043.7 | +0.007% | $685K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,042.2 | −0.144% | $2.0M | $2.6M | 10x | as long as short |
| Bitget MUUSDT | +0.0055% | 8h | 1,043.7 | −0.001% | $20.4M | $42.9M | 50x | as long as short |
| QFEX MU-USD | +0.0057% | 1h | 1,043.5 | −0.012% | $7.8M | $24.1M | 10x | as long as short |
| Binance MUUSDT | +0.0065% | 8h | 1,044 | +0.030% | $124.8M | $539.7M | 50x | as long as short |
| Aevo MU-PERP | +0.0096% | 1h | 1,043.6 | −0.009% | $33K | — | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0098% | 8h | 1,043.4 | −0.029% | $2K | — | 5x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,042.9 | −0.070% | $153K | $182K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,043.4 | −0.026% | $5.2M | $4.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,043.7 | +0.002% | $71K | $267K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,043.8 | +0.014% | $830 | $799 | 20x | as long as short |
| GRVT MU_USDT_Perp | +0.0113% | 8h | 1,043.9 | +0.020% | $82K | $1.4M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0151% | 1h | 1,043.7 | +0.003% | $176.6M | $104.5M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,043.3 | −0.040% | $756K | $1.8M | 10x | as long as short |
| Bybit MUUSDTshort | +0.0152% | 8h | 1,044 | +0.033% | $19.0M | $32.4M | 100x | |
| BloFin MU-USDT | +0.0185% | 8h | 1,043.9 | +0.026% | $1.5M | $2.1M | 20x | as long as short |
| Nado MU-PERP | +0.0185% | 1h | 1,042.6 | −0.099% | $307K | $844K | 10x | as long as short |
| RISEx MU/USDC | +0.0202% | 1h | 1,043.7 | +0.006% | $288K | $331K | 20x | as long as short |
| Lighter MU | +0.0216% | 1h | 1,043.7 | +0.002% | $1.0M | $4.8M | 20x | as long as short |
| Bullet MU-USD | +0.0221% | 1h | 1,043.8 | +0.012% | $25K | $398K | 10x | as long as short |
| Arcus MU-USD | +0.0226% | 1h | 1,043.2 | −0.041% | $63K | $236K | 10x | as long as short |
| Phoenix MU | +0.0230% | 1h | 1,044 | +0.032% | $534K | $303K | 15x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0373% | 1h | 1,043.6 | −0.003% | $57K | $210K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0568% | 1h | 1,042.7 | −0.089% | $532K | $1.0M | 10x | as long as short |
Injective MU/USDC PERP
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Bitget MUUSDT
QFEX MU-USD
Binance MUUSDT
Aevo MU-PERP
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
GRVT MU_USDT_Perp
tradeXYZ xyz:MU
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Nado MU-PERP
RISEx MU/USDC
Lighter MU
Bullet MU-USD
Arcus MU-USD
Phoenix MU
Deribit MU_USDC-PERPETUAL
Extended MU_24_5-USD