MU

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.51 per $10,000 · paid last 24h +0.004%

Price spread now: Orderly against Bybit−0.125%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Orderly is 0.125% cheaper against Bybit than usual: you would sell low and buy high (spread −0.125% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 8.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MUUSDT	1,034.6	0.0049	pay 0.0049% / 8h	6h 16m	$18.8M	$32.4M	100x
Short	Orderly PERP_MU_USDC_mythos	1,033.3	0.0100	get 0.0100% / 8h	6h 16m	$821	$799	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee OrderlybpOrdersPrice spread, now −0.125%Rate

Funding earned: $10.77
Price spread: −0.125% → 0.000%: −$12.47
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$18.7
Costs to cover: 0.170%
Break-even: 19.1 days

Slippage unknown: Bybit: live order book, 5 min ago; Orderly: 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 Bybit live order book, 5 min ago	0.58 bp	9.5 bp −$10	14.2 bp −$142	34.5 bp −$3,452	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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 exchanges

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	−0.0255%	4h	1,033	−0.153%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,034.4	−0.020%	$21.1M	$72.4M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,034.3	−0.032%	$120.8M	$549.9M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,034.8	+0.017%	$29.4M	$106.4M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,034.3	−0.029%	$61.6M	$28.0M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,035	+0.041%	$19.8M	$42.8M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,033.1	−0.145%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,033.5	−0.110%	$187K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,035.6	+0.094%	$11K	$5.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,033	−0.156%	$44K	$698K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,033.2	−0.136%	$119K	$475K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,034.4	−0.023%	$1.1M	$4.5M	10x	as long as short
Aftermath Perps MUUSD	+0.0032%	1h	1,033.3	−0.127%	$3K	$42K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.619%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,034.1	−0.052%	—	$177K	25x	as long as short
Bybit MUUSDTlong	+0.0049%	8h	1,034.6	long leg	$18.8M	$32.4M	100x
Polymarket Perps MU-USD	+0.0050%	1h	1,033.2	−0.136%	$167K	$178K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,033.3	−0.131%	$678K	$13K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,032.5	−0.208%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0059%	1h	1,033.6	−0.096%	$7.0M	$19.0M	10x	as long as short
Paradex MU-USD-PERP	+0.0067%	8h	1,034.4	−0.023%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,033.1	−0.147%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,034.1	−0.048%	$146K	$223K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,033.3	−0.128%	$5.2M	$5.6M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,033.6	−0.102%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythosshort	+0.0100%	8h	1,033.3	−0.125%	$821	$799	20x
RISEx MU/USDC	+0.0107%	1h	1,034.5	−0.015%	$295K	$350K	20x	as long as short
GRVT MU_USDT_Perp	+0.0115%	8h	1,033.5	−0.107%	$76K	$1.4M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,033.7	−0.089%	$1.4M	$2.5M	20x	as long as short
Nado MU-PERP	+0.0123%	1h	1,033.4	−0.119%	$269K	$840K	10x	as long as short
Lighter MU	+0.0136%	1h	1,034.4	−0.016%	$1.0M	$5.0M	20x	as long as short
Arcus MU-USD	+0.0139%	1h	1,034.5	−0.010%	$90K	$148K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,033.5	−0.107%	$732K	$1.2M	10x	as long as short
tradeXYZ xyz:MU	+0.0178%	1h	1,034.1	−0.049%	$175.1M	$75.6M	10x	as long as short
Bullet MU-USD	+0.0212%	1h	1,033.7	−0.088%	$25K	$386K	10x	as long as short
Extended MU_24_5-USD	+0.0264%	1h	1,033.5	−0.106%	$549K	$1.1M	10x	as long as short
Phoenix MU	+0.0310%	1h	1,033.4	−0.117%	$529K	$269K	15x	as long as short