Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.007%
Price spread now: Binance against Orderly+0.091%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Binance is 0.091% dearer against Orderly than usual: you sell high and buy low (spread +0.091% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MU_USDC_mythos | 1,030.8 | 0.0100 | pay 0.0100% / 8h | 7h 44m | $820 | $799 | 20x |
| Short | Binance MUUSDT | 1,031.8 | 0 | get 0.0000% / 8h | 7h 44m | $121.5M | $542.7M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Orderly. 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
- −$21
- Price spread: +0.091% → 0.000%
- $9.12
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$27.88
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 14 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 14 min ago | 0.05 bp | 6.3 bp −$6 | 8.4 bp −$84 | 21.3 bp −$2,131 | doesn't fit |
Orderly: 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 | −0.0134% | 4h | 1,031.6 | +0.071% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0088% | 8h | 1,031.6 | +0.078% | $19.8M | $40.0M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,032.2 | +0.133% | $21.1M | $68.6M | 20x | as long as short |
| Binance MUUSDTshort | 0.0000% | 8h | 1,031.8 | +0.091% | $121.5M | $542.7M | 50x | |
| Bybit MUUSDT | 0.0000% | 8h | 1,031.9 | +0.100% | $18.7M | $32.1M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,031.5 | +0.061% | $29.6M | $100.9M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,031.1 | +0.021% | $310K | $380K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,031.4 | +0.050% | $61.9M | $27.8M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,030.2 | −0.059% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,031.9 | +0.099% | $72K | $1.4M | 10x | as long as short |
Show all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,030.1 | −0.073% | $186K | $3.6M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,032.2 | +0.134% | $11K | $5.4M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,030.9 | +0.004% | $119K | $492K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0024% | 1h | 1,030.9 | +0.007% | $3K | $43K | 10x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,030.8 | −0.003% | $6.9M | $18.7M | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,030.8 | −0.003% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,031 | +0.013% | $540K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.991% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,030.8 | −0.005% | $89K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,030.5 | −0.029% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,030.5 | −0.033% | $167K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,030.6 | −0.026% | $676K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,030.1 | −0.074% | $1.9M | $2.8M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0057% | 8h | 1,031.1 | +0.025% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0064% | 1h | 1,030.8 | 0.000% | $990K | $4.9M | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0074% | 1h | 1,031.2 | +0.035% | $174.5M | $80.4M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,030.4 | −0.039% | $32K | $1K | 10x | as long as short |
| Nado MU-PERP | +0.0090% | 1h | 1,030.7 | −0.011% | $273K | $806K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,030.1 | −0.070% | $719K | $1.1M | 10x | as long as short |
| Bullet MU-USD | +0.0099% | 1h | 1,030.8 | −0.004% | $25K | $390K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,030.9 | +0.003% | $146K | $194K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,031.3 | +0.042% | $5.1M | $4.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,030 | −0.084% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythoslong | +0.0100% | 8h | 1,030.8 | long leg | $820 | $799 | 20x | |
| BloFin MU-USDT | +0.0120% | 8h | 1,031.2 | +0.033% | $1.5M | $2.2M | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0129% | 1h | 1,030.7 | −0.011% | $73K | $625K | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,030.5 | −0.033% | $527K | $270K | 15x | as long as short |
Binance MUUSDT
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Paradex MU-USD-PERP
Lighter MU
tradeXYZ xyz:MU
Coinbase International MU-PERP-INTX
Bullet MU-USD
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
BloFin MU-USDT
Deribit MU_USDC-PERPETUAL
Phoenix MU