Funding you earn now, next payment 01:00 UTC+0.0386%/8h= +42.2% APRnext payment +$0.48 per $10,000 · paid last 24h +0.034%
Price spread now: tradeXYZ against Ondo Perps+0.074%7-day average +0.017% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.126%+$13 on $10k
+Price spread, last 7 days+0.110%+$11 · spread now +0.074%, 7d avg +0.017%
=Together, before fees+0.236%+ Points / potential airdropOndo Perps: Active · tradeXYZ: Active · farm board+$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and tradeXYZ is 0.057% dearer against Ondo Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.017%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.126% in total (about 6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 per $10,000. 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 | 1,049.6 | 0.0050 | pay 0.0006% / 1h | 45m 05s | $1.9M | $2.3M | 10x |
| Short | tradeXYZ xyz:MU | 1,050.4 | 0.0436 | get 0.0055% / 1h | 45m 05s | $178.2M | $101.7M | 10x |
Ondo Perps MU-USD.P
tradeXYZ xyz:MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $81.02
- Price spread: +0.074% → +0.017%
- $5.68
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $63.7
- Costs to cover
- 0.230%
- Break-even
- 1.5 days
Slippage unknown: Ondo Perps: no order-book sample; tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago | 0.47 bp | 9.5 bp −$9 | 10.5 bp −$105 | 16.6 bp −$1,655 | 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 | −0.0892% | 4h | 1,050.2 | +0.060% | $1.3M | $673K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,050.8 | +0.112% | $62.9M | $28.7M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,050.9 | +0.119% | $190K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,052.3 | +0.259% | $11K | $6.3M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,050.8 | +0.111% | $129K | $426K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0021% | 1h | 1,050.5 | +0.084% | $3K | $45K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,050.9 | +0.117% | $1.1M | $4.7M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,050.8 | +0.115% | $1.2M | $4.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.166% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,051.7 | +0.196% | — | $195K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter MU
Lighter RH MU
Injective MU/USDC PERP
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MU-USD.Plong | +0.0050% | 1h | 1,049.6 | long leg | $1.9M | $2.3M | 10x | |
| QFEX MU-USD | +0.0054% | 1h | 1,050.5 | +0.088% | $7.8M | $23.2M | 10x | as long as short |
| Nado MU-PERP | +0.0060% | 1h | 1,050.6 | +0.089% | $274K | $861K | 10x | as long as short |
| Bybit MUUSDT | +0.0091% | 8h | 1,051 | +0.135% | $19.2M | $32.6M | 100x | as long as short |
| OKX MU-USDT-SWAP | +0.0094% | 8h | 1,050.8 | +0.114% | $30.8M | $102.2M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,050.8 | +0.108% | $152K | $177K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,050.5 | +0.081% | $5.3M | $3.6M | 20x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,051.1 | +0.145% | $836 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0100% | 8h | 1,050.9 | +0.121% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,050.5 | +0.086% | $32K | $1K | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0174% | 1h | 1,050.5 | +0.084% | $170K | $202K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,052.2 | +0.242% | $762K | $1.3M | 10x | as long as short |
| Variational Omni MU | +0.0192% | 8h | 1,051.7 | +0.201% | $2.7M | $2.4M | — | as long as short |
| Aster MUUSD1 | +0.0203% | 8h | 1,050.2 | +0.059% | $21.6M | $47.8M | 20x | as long as short |
| Binance MUUSDT | +0.0210% | 8h | 1,051 | +0.131% | $126.4M | $526.1M | 50x | as long as short |
| Arcus MU-USD | +0.0240% | 1h | 1,050.9 | +0.124% | $71K | $242K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0245% | 1h | 1,050.8 | +0.108% | $63K | $294K | 10x | as long as short |
| Bitget MUUSDT | +0.0276% | 8h | 1,050.8 | +0.114% | $20.6M | $41.7M | 50x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,051 | +0.127% | $316K | $339K | 20x | as long as short |
| BloFin MU-USDT | +0.0330% | 8h | 1,051.1 | +0.144% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,050.3 | +0.065% | $537K | $306K | 15x | as long as short |
| ApeX Omni MUUSDT | +0.0397% | 1h | 1,052.9 | +0.314% | $71K | $267K | 50x | as long as short |
| SoDEX MU-USD | +0.0398% | 1h | 1,050.9 | +0.119% | $690K | $16K | 10x | as long as short |
| Bullet MU-USD | +0.0401% | 1h | 1,050.8 | +0.112% | $26K | $394K | 10x | as long as short |
| tradeXYZ xyz:MUshort | +0.0436% | 1h | 1,050.4 | +0.074% | $178.2M | $101.7M | 10x | |
| Extended MU_24_5-USD | +0.0496% | 1h | 1,050.2 | +0.054% | $558K | $1.1M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0707% | 8h | 1,050.8 | +0.112% | $83K | $1.4M | 10x | as long as short |
QFEX MU-USD
Nado MU-PERP
Bybit MUUSDT
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
Aevo MU-PERP
Polymarket Perps MU-USD
Coinbase International MU-PERP-INTX
Variational Omni MU
Aster MUUSD1
Binance MUUSDT
Arcus MU-USD
Deribit MU_USDC-PERPETUAL
Bitget MUUSDT
RISEx MU/USDC
BloFin MU-USDT
Phoenix MU
ApeX Omni MUUSDT
SoDEX MU-USD
Bullet MU-USD
Extended MU_24_5-USD
GRVT MU_USDT_Perp