Funding you earn now, next payment 03:00 UTC−0.0028%/8h= −3.0% APRpaid last 24h +0.014%
Price spread now: Bybit against Injective−0.057%108s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.057% cheaper against Injective than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.139%, so the current rate has only just turned against you. The two prices were read 108 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 | Injective MU/USDC PERP | 1,051.4 | 0.0033 | pay 0.0004% / 1h | 37m 31s | $19K | $5K | 12x |
| Short | Bybit MUUSDT | 1,050.8 | 0.0006 | get 0.0006% / 8h | 5h 37m | $19.2M | $32.3M | 100x |
Injective MU/USDC PERP
Bybit MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. 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
- −$5.84
- Price spread: −0.057% → 0.000%
- −$5.71
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$22.57
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 1 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 0.14 bp | 8.2 bp −$8 | 10.2 bp −$102 | 26.2 bp −$2,622 | doesn't fit |
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 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 | −0.0447% | 4h | 1,050 | −0.133% | $1.3M | $671K | 10x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,050.7 | −0.066% | $333K | $348K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,050.5 | −0.087% | $62.1M | $27.4M | 75x | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,050.7 | −0.060% | $85K | $1.3M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,050.1 | −0.121% | $190K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,052.2 | +0.084% | $11K | $5.9M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,050.3 | −0.099% | $129K | $428K | 50x | as long as short |
| Bybit MUUSDTshort | +0.0006% | 8h | 1,050.8 | −0.057% | $19.2M | $32.3M | 100x | |
| Aftermath Perps MUUSD | +0.0020% | 1h | 1,049.9 | −0.135% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0030% | 1h | 1,050.4 | −0.096% | $7.2M | $18.2M | 10x | as long as short |
edgeX MUUSDC
RISEx MU/USDC
Gate MU_USDT
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MU-USDT-SWAP | +0.0030% | 8h | 1,050.8 | −0.057% | $31.0M | $99.9M | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,050.2 | −0.107% | $1.2M | $4.3M | 10x | as long as short |
| Injective MU/USDC PERPlong | +0.0033% | 1h | 1,051.4 | long leg | $19K | $5K | 12x | |
| Deribit MU_USDC-PERPETUAL | +0.0036% | 1h | 1,050.3 | −0.104% | $67K | $364K | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,050.1 | −0.119% | $71K | $235K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,051.3 | −0.003% | — | $175K | 25x | as long as short |
| Lighter MU | +0.0048% | 1h | 1,050.4 | −0.092% | $1.1M | $4.9M | 20x | as long as short |
| Extended MU_24_5-USD | +0.0048% | 1h | 1,049.8 | −0.150% | $564K | $1.1M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,050.2 | −0.110% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,050.4 | −0.088% | $689K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,049.9 | −0.137% | $1.9M | $2.3M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0057% | 8h | 1,050.5 | −0.083% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0066% | 1h | 1,050 | −0.131% | $282K | $849K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0073% | 1h | 1,050.4 | −0.091% | $178.2M | $99.1M | 10x | as long as short |
| Aster MUUSD1 | +0.0086% | 8h | 1,050.4 | −0.094% | $21.4M | $52.1M | 20x | as long as short |
| Bullet MU-USD | +0.0090% | 1h | 1,050.8 | −0.053% | $25K | $398K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,049.9 | −0.135% | $756K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,050 | −0.131% | $149K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,050.1 | −0.116% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,050.3 | −0.104% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,050.5 | −0.085% | $835 | $799 | 20x | as long as short |
| Aevo MU-PERP | +0.0120% | 1h | 1,050.1 | −0.119% | $32K | $1K | 10x | as long as short |
| Variational Omni MU | +0.0128% | 8h | 1,049.8 | −0.152% | $2.7M | $2.4M | — | as long as short |
| Bitget MUUSDT | +0.0137% | 8h | 1,050.7 | −0.067% | $20.6M | $41.1M | 50x | as long as short |
| Binance MUUSDT | +0.0147% | 8h | 1,050.6 | −0.072% | $126.5M | $518.1M | 50x | as long as short |
| Phoenix MU | +0.0229% | 1h | 1,050.7 | −0.063% | $537K | $271K | 15x | as long as short |
| BloFin MU-USDT | +0.0269% | 8h | 1,050.6 | −0.069% | $1.5M | $2.0M | 20x | as long as short |
OKX MU-USDT-SWAP
Lighter RH MU
Deribit MU_USDC-PERPETUAL
Arcus MU-USD
Vest MU-USD-PERP
Lighter MU
Extended MU_24_5-USD
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Nado MU-PERP
tradeXYZ xyz:MU
Aster MUUSD1
Bullet MU-USD
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aevo MU-PERP
Variational Omni MU
Bitget MUUSDT
Binance MUUSDT
Phoenix MU
BloFin MU-USDT