Funding you earn now, next payment 08:00 UTC−0.0236%/8h= −25.9% APRpaid last 24h +0.006%
Price spread now: Bitget against Ondo Perps−0.008%7-day average +0.091% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now −0.008%, 7d avg +0.091%
=Together, before fees+0.095%+ Points / potential airdropOndo Perps: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.099% cheaper against Ondo Perps than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.091%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.083%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.083% in total (about 4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MU-USD.P | 1,038.3 | 0.0050 | pay 0.0006% / 1h | 39m 14s | $1.9M | $2.7M | 10x |
| Short | Bitget MUUSDT | 1,038.2 | −0.0186 | pay 0.0186% / 8h | 39m 14s | $20.2M | $40.1M | 50x |
Ondo Perps MU-USD.P
Bitget MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Ondo Perps. 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
- −$49.64
- Price spread: −0.008% → +0.091%
- −$9.87
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$76.51
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 5 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 5 min ago | 0.05 bp | 7.3 bp −$7 | 9.0 bp −$90 | doesn't fit | doesn't fit |
Ondo Perps: 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 | −0.0986% | 4h | 1,038.8 | +0.050% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDTshort | −0.0186% | 8h | 1,038.2 | −0.008% | $20.2M | $40.1M | 50x | |
| Aster MUUSD1 | 0.0000% | 8h | 1,038.5 | +0.016% | $21.2M | $65.3M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038 | −0.026% | $122.1M | $538.7M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,037.8 | −0.046% | $18.7M | $32.3M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,037.8 | −0.045% | $29.8M | $100.1M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,038.1 | −0.020% | $313K | $385K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038 | −0.029% | $61.5M | $28.3M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,038.9 | +0.060% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,039 | +0.066% | $71K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit 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 | 1,039.1 | +0.073% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039.7 | +0.136% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,037.8 | −0.047% | $74K | $605K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,037.7 | −0.060% | $127K | $479K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0016% | 1h | 1,038 | −0.031% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0021% | 1h | 1,037.8 | −0.046% | $7.0M | $18.8M | 10x | as long as short |
| Nado MU-PERP | +0.0024% | 1h | 1,037.7 | −0.053% | $279K | $808K | 10x | as long as short |
| Bullet MU-USD | +0.0025% | 1h | 1,038.1 | −0.019% | $25K | $390K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,038 | −0.033% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,037.5 | −0.080% | $546K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.259% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.6 | −0.063% | $90K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,038.1 | −0.014% | — | $175K | 25x | as long as short |
| Lighter MU | +0.0048% | 1h | 1,038 | −0.025% | $1.0M | $4.9M | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,037.8 | −0.047% | $176.4M | $82.6M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,037.8 | −0.047% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,037.9 | −0.042% | $681K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.Plong | +0.0050% | 1h | 1,038.3 | long leg | $1.9M | $2.7M | 10x | |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,037.7 | −0.054% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.6 | −0.069% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,037.9 | −0.038% | $725K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.9 | −0.041% | $147K | $188K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,037.8 | −0.051% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.5 | +0.020% | $70K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,037.8 | −0.045% | $825 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038 | −0.032% | $1.4M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0232% | 1h | 1,038.9 | +0.059% | $531K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Nado MU-PERP
Bullet MU-USD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Lighter MU
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Paradex MU-USD-PERP
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU