Funding you earn now, next payment 09:00 UTC−0.0102%/8h= −11.1% APRnext payment −$0.13 per $10,000 · paid last 24h −0.033%
Price spread now: Ondo Perps against Coinbase International−0.160%7-day average −0.070% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.269%−$27 on $10k
+Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.160%, 7d avg −0.070%
=Together, before fees−0.113%+ Points / potential airdropOndo Perps: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Ondo Perps is 0.089% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.070%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MU-PERP-INTX | 1,040.5 | 0.0152 | pay 0.0019% / 1h | 0m 04s | $741K | $1.1M | 10x |
| Short | Ondo Perps MU-USD.P | 1,038.9 | 0.0050 | get 0.0006% / 1h | 0m 04s | $1.9M | $3.2M | 10x |
Coinbase International MU-PERP-INTX
Ondo Perps MU-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Coinbase International. 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
- −$21.34
- Price spread: −0.160% → −0.070%
- −$8.94
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$45.28
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 1 min ago; Ondo Perps: 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 Coinbase International live order book, 1 min ago | 4.66 bp | 9.7 bp −$10 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
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 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 | −0.0723% | 4h | 1,039.3 | −0.112% | $1.3M | $695K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,040.5 | −0.002% | $21.3M | $73.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,040.3 | −0.018% | $121.5M | $555.3M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,040.1 | −0.036% | $29.6M | $107.9M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,040.3 | −0.023% | $61.2M | $28.4M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,040.4 | −0.011% | $19.9M | $43.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,039.6 | −0.091% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,039 | −0.149% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,042.3 | +0.176% | $11K | $5.1M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,040.3 | −0.018% | $120K | $474K | 50x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
HTX MU-USDTShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH MU | +0.0032% | 1h | 1,040.2 | −0.029% | $1.2M | $4.6M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0033% | 1h | 1,038.2 | −0.220% | $3K | $42K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.043% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,041.1 | +0.057% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,040.2 | −0.030% | $168K | $178K | 10x | as long as short |
| Ondo Perps MU-USD.Pshort | +0.0050% | 1h | 1,038.9 | −0.160% | $1.9M | $3.2M | 10x | |
| QFEX MU-USD | +0.0059% | 1h | 1,040.2 | −0.034% | $7.0M | $19.2M | 10x | as long as short |
| Bybit MUUSDT | +0.0078% | 8h | 1,040.4 | −0.012% | $18.8M | $32.6M | 100x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,040.2 | −0.027% | $32K | $1K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0081% | 8h | 1,040.2 | −0.030% | $2K | — | 5x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,039.7 | −0.083% | $147K | $223K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,039.8 | −0.066% | $5.2M | $5.8M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.5 | −0.196% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,040.4 | −0.008% | $827 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0107% | 1h | 1,039.8 | −0.070% | $299K | $350K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,040 | −0.049% | $1.4M | $2.5M | 20x | as long as short |
| Nado MU-PERP | +0.0125% | 1h | 1,039.4 | −0.110% | $277K | $842K | 10x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,039.9 | −0.062% | $90K | $149K | 10x | as long as short |
| SoDEX MU-USD | +0.0146% | 1h | 1,040.3 | −0.017% | $683K | $13K | 10x | as long as short |
| Lighter MU | +0.0152% | 1h | 1,040.1 | −0.037% | $1.0M | $5.1M | 20x | as long as short |
| Coinbase International MU-PERP-INTXlong | +0.0152% | 1h | 1,040.5 | long leg | $741K | $1.1M | 10x | |
| tradeXYZ xyz:MU | +0.0194% | 1h | 1,040.1 | −0.039% | $177.3M | $76.0M | 10x | as long as short |
| Bullet MU-USD | +0.0213% | 1h | 1,040.5 | −0.001% | $25K | $386K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0240% | 8h | 1,040 | −0.048% | $81K | $1.4M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0308% | 1h | 1,040 | −0.046% | $38K | $714K | 10x | as long as short |
| Phoenix MU | +0.0310% | 1h | 1,039.4 | −0.107% | $532K | $269K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0352% | 1h | 1,039.5 | −0.102% | $553K | $1.1M | 10x | as long as short |
Lighter RH MU
Aftermath Perps MUUSD
Injective MU/USDC PERP
Vest MU-USD-PERP
Polymarket Perps MU-USD
QFEX MU-USD
Bybit MUUSDT
Aevo MU-PERP
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
BloFin MU-USDT
Nado MU-PERP
Arcus MU-USD
SoDEX MU-USD
Lighter MU
tradeXYZ xyz:MU
Bullet MU-USD
GRVT MU_USDT_Perp
Deribit MU_USDC-PERPETUAL
Phoenix MU
Extended MU_24_5-USD