Funding you earn now, next payment 16:00 UTC+0.0117%/8h= +12.8% APRnext payment +$1.17 per $10,000 · paid last 24h +0.018%
Price spread now: Bybit against OKX−0.021%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$260.263% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 7 days+0.029%+$3 · spread now −0.021%, 7d avg +0.005%
=Funding pays, the price is against you. Bybit is 0.027% cheaper against OKX than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.005%). If the spread goes back, that is −$3 on $10k: about 18 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MU-USDT-SWAP | 1,032.9 | 0 | get 0.0000% / 8h | 7h 01m | $29.1M | $104.4M | 50x |
| Short | Bybit MUUSDT | 1,032.7 | 0.0117 | get 0.0117% / 8h | 7h 01m | $18.7M | $32.5M | 100x |
OKX MU-USDT-SWAP
Bybit MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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
- $24.54
- Price spread: −0.021% → +0.005%
- −$2.66
- Slippage, 4 orders
- −$5.34
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$4.46
- Costs to cover
- 0.263%
- Break-even
- 8.3 days
Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 2 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 OKX live order book, 2 min ago | 0.05 bp | 5.1 bp −$5 | 6.8 bp −$68 | 21.1 bp −$2,108 | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.53 bp | 6.9 bp −$7 | 12.1 bp −$121 | 23.1 bp −$2,309 | 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 | −0.0053% | 4h | 1,033.2 | +0.024% | $1.3M | $695K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,033 | +0.011% | $21.1M | $69.5M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,032.9 | −0.003% | $121.5M | $550.7M | 50x | as long as short |
| OKX MU-USDT-SWAPlong | 0.0000% | 8h | 1,032.9 | long leg | $29.1M | $104.4M | 50x | |
| RISEx MU/USDC | 0.0000% | 1h | 1,032.8 | −0.016% | $294K | $375K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,032.7 | −0.020% | $61.6M | $28.8M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,032.9 | −0.008% | $19.5M | $41.7M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,032.5 | −0.043% | $2.5M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,032.1 | −0.076% | $187K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,033.8 | +0.085% | $11K | $5.3M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,032.6 | −0.037% | $119K | $493K | 50x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,032.9 | −0.005% | $7.0M | $19.0M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0029% | 1h | 1,032.1 | −0.077% | $3K | $43K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,032.6 | −0.035% | $1.1M | $4.6M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.784% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,032.4 | −0.053% | $89K | $234K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,033.1 | +0.015% | — | $179K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,032.3 | −0.061% | $167K | $177K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,032.6 | −0.031% | $1.9M | $3.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,032.2 | −0.074% | $32K | $1K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0088% | 8h | 1,032.9 | −0.002% | $2K | — | 5x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,030.9 | −0.194% | $720K | $1.1M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,032.9 | −0.003% | $146K | $214K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,032.1 | −0.084% | $5.1M | $5.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,033.2 | +0.022% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,032.7 | −0.022% | $821 | $799 | 20x | as long as short |
| Nado MU-PERP | +0.0116% | 1h | 1,032.2 | −0.072% | $264K | $811K | 10x | as long as short |
| Bybit MUUSDTshort | +0.0117% | 8h | 1,032.7 | −0.021% | $18.7M | $32.5M | 100x | |
| BloFin MU-USDT | +0.0120% | 8h | 1,033.1 | +0.012% | $1.4M | $2.3M | 20x | as long as short |
| SoDEX MU-USD | +0.0124% | 1h | 1,032.4 | −0.047% | $678K | $15K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0129% | 1h | 1,032.5 | −0.042% | $174.8M | $78.3M | 10x | as long as short |
| Lighter MU | +0.0136% | 1h | 1,032.8 | −0.011% | $996K | $5.1M | 20x | as long as short |
| Bullet MU-USD | +0.0180% | 1h | 1,032.7 | −0.025% | $26K | $388K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0216% | 1h | 1,031.7 | −0.117% | $542K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,033.2 | +0.026% | $529K | $270K | 15x | as long as short |
| GRVT MU_USDT_Perp | +0.0373% | 8h | 1,033.3 | +0.037% | $81K | $1.4M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0399% | 1h | 1,032.5 | −0.045% | $72K | $635K | 10x | as long as short |
HTX MU-USDT
QFEX MU-USD
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
Aevo MU-PERP
Paradex MU-USD-PERP
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Nado MU-PERP
BloFin MU-USDT
SoDEX MU-USD
tradeXYZ xyz:MU
Lighter MU
Bullet MU-USD
Extended MU_24_5-USD
Phoenix MU
GRVT MU_USDT_Perp
Deribit MU_USDC-PERPETUAL