Funding you earn now, next payment 02:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h +0.011%
Price spread now: Paradex against Injective−0.232%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.232% cheaper against Injective than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MU/USDC PERP | 1,051.4 | 0.0107 | pay 0.0013% / 1h | 40m 16s | $19K | $5K | 12x |
| Short | Paradex MU-USD-PERP | 1,048.9 | 0.0070 | get 0.0070% / 8h | 6h 40m | $2K | — | 5x |
Injective MU/USDC PERP
Paradex MU-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$7.85
- Price spread: −0.232% → 0.000%
- −$23.16
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$35.03
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample | — | — | — | — | — |
| Sell Paradex no order-book sample | — | — | — | — | — |
Injective and 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 | −0.0658% | 4h | 1,049.1 | −0.215% | $1.3M | $670K | 10x | as long as short |
| Nado MU-PERP | −0.0003% | 1h | 1,048.7 | −0.257% | $273K | $858K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,048.5 | −0.276% | $62.1M | $27.6M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,048.9 | −0.231% | $190K | $3.4M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,048.6 | −0.263% | $26K | $396K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,049.4 | −0.185% | $11K | $6.1M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,048 | −0.316% | $65K | $326K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,048.6 | −0.263% | $129K | $429K | 50x | as long as short |
| Bybit MUUSDT | +0.0018% | 8h | 1,048.8 | −0.243% | $19.2M | $32.6M | 100x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,048.9 | −0.235% | $3K | $45K | 10x | as long as short |
edgeX MUUSDC
Nado MU-PERP
Gate MU_USDT
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Bybit MUUSDT
Aftermath Perps MUUSDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MU | +0.0032% | 1h | 1,048.4 | −0.279% | $1.1M | $4.8M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,048.4 | −0.278% | $1.1M | $4.1M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,048.1 | −0.307% | $559K | $1.2M | 10x | as long as short |
| QFEX MU-USD | +0.0040% | 1h | 1,048.7 | −0.256% | $7.5M | $20.1M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,049 | −0.228% | $71K | $242K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,049.7 | −0.159% | — | $176K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,048.4 | −0.282% | $170K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,048.5 | −0.275% | $688K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,048.2 | −0.305% | $1.9M | $2.4M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0062% | 1h | 1,048.4 | −0.282% | $178.0M | $100.3M | 10x | as long as short |
| Paradex MU-USD-PERPshort | +0.0070% | 8h | 1,048.9 | −0.232% | $2K | — | 5x | |
| OKX MU-USDT-SWAP | +0.0076% | 8h | 1,048.6 | −0.267% | $30.8M | $100.6M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,048.7 | −0.253% | $148K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,048.5 | −0.271% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,048.5 | −0.275% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,048.5 | −0.273% | $834 | $799 | 20x | as long as short |
| Injective MU/USDC PERPlong | +0.0107% | 1h | 1,051.4 | long leg | $19K | $5K | 12x | |
| Coinbase International MU-PERP-INTX | +0.0128% | 1h | 1,048.1 | −0.312% | $759K | $1.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,048.2 | −0.302% | $32K | $1K | 10x | as long as short |
| Aster MUUSD1 | +0.0215% | 8h | 1,049 | −0.223% | $21.6M | $49.8M | 20x | as long as short |
| Variational Omni MU | +0.0219% | 8h | 1,049 | −0.220% | $2.7M | $2.4M | — | as long as short |
| Binance MUUSDT | +0.0229% | 8h | 1,048.6 | −0.267% | $126.3M | $524.7M | 50x | as long as short |
| GRVT MU_USDT_Perp | +0.0233% | 8h | 1,049.7 | −0.154% | $81K | $1.3M | 10x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,049.3 | −0.196% | $537K | $273K | 15x | as long as short |
| Bitget MUUSDT | +0.0306% | 8h | 1,048.6 | −0.259% | $20.3M | $41.9M | 50x | as long as short |
| BloFin MU-USDT | +0.0368% | 8h | 1,049.8 | −0.147% | $1.5M | $2.0M | 20x | as long as short |
| RISEx MU/USDC | +0.0507% | 1h | 1,048.7 | −0.252% | $333K | $348K | 20x | as long as short |
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
tradeXYZ xyz:MU
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
Aevo MU-PERP
Aster MUUSD1
Variational Omni MU
Binance MUUSDT
GRVT MU_USDT_Perp
Phoenix MU
Bitget MUUSDT
BloFin MU-USDT
RISEx MU/USDC