Funding you earn now, next payment 00:00 UTC+0.0286%/8h= +31.3% APRnext payment +$2.86 per $10,000 · paid last 24h +0.030%
Price spread now: Bybit against SunX−0.210%7-day average −0.146% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$730.729% of the position
Funding, last 7 days+0.127%+$13 on $10k
+Price spread, last 3 days (all we have)+0.140%+$14 · spread now −0.210%, 7d avg −0.146%
=Funding pays, the price is against you. Bybit is 0.064% cheaper against SunX than usual: you would sell low and buy high (spread −0.210% now, against its 7-day average of −0.146%). If the spread goes back, that is −$6 on $10k: about 18 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.127% in total) that is about 3.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.127% in total (about 6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.86 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 | SunX MU-USDT | 1,048.5 | 0 | get 0.0000% / 8h | 39m 54s | $11K | $6.6M | 10x |
| Short | Bybit MUUSDT | 1,046.3 | 0.0286 | get 0.0286% / 8h | 39m 54s | $19.2M | $32.6M | 100x |
SunX MU-USDT
Bybit MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against SunX. 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
- $60.07
- Price spread: −0.210% → −0.146%
- −$6.43
- Slippage, 4 orders
- −$53.94
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$19.29
- Costs to cover
- 0.729%
- Break-even
- 9.2 days
Slippage from SunX: live order book, 9 min ago; Bybit: live order book, 4 min ago.
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 SunX live order book, 9 min ago | 21.55 bp | 25.5 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.05 bp | 7.4 bp −$7 | 10.6 bp −$106 | 29.6 bp −$2,964 | doesn't fit |
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 | −0.0060% | 4h | 1,046.2 | −0.215% | $1.3M | $674K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,045.9 | −0.245% | $63.0M | $29.0M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,045.4 | −0.289% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDTlong | 0.0000% | 8h | 1,048.5 | long leg | $11K | $6.6M | 10x | |
| HTX MU-USDT | 0.0000% | 8h | 1,045.8 | −0.255% | $124K | $445K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,045.9 | −0.242% | $1.2M | $4.2M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.216% | $14K | $302 | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0035% | 1h | 1,045.7 | −0.264% | $3K | $45K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,046.2 | −0.217% | — | $194K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,045.8 | −0.253% | $166K | $197K | 10x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
Vest MU-USD-PERP
Polymarket Perps MU-USDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MU-USD | +0.0050% | 1h | 1,046.1 | −0.229% | $687K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,045.4 | −0.291% | $2.0M | $2.7M | 10x | as long as short |
| QFEX MU-USD | +0.0080% | 1h | 1,045.9 | −0.240% | $7.9M | $23.9M | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0083% | 8h | 1,045.9 | −0.239% | $30.8M | $105.3M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,045.9 | −0.248% | $153K | $182K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,045.6 | −0.276% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,046.3 | −0.203% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,046.1 | −0.222% | $832 | $799 | 20x | as long as short |
| Bitget MUUSDT | +0.0136% | 8h | 1,046 | −0.234% | $20.5M | $43.6M | 50x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,046.1 | −0.224% | $33K | — | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0147% | 8h | 1,046.1 | −0.223% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0160% | 1h | 1,045.9 | −0.242% | $1.0M | $4.8M | 20x | as long as short |
| Aster MUUSD1 | +0.0173% | 8h | 1,046.6 | −0.177% | $21.6M | $47.3M | 20x | as long as short |
| Variational Omni MU | +0.0202% | 8h | 1,046.1 | −0.227% | $2.6M | $2.5M | — | as long as short |
| Binance MUUSDT | +0.0213% | 8h | 1,046.1 | −0.220% | $124.9M | $533.5M | 50x | as long as short |
| Bullet MU-USD | +0.0217% | 1h | 1,046.1 | −0.224% | $24K | $395K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0224% | 1h | 1,045.5 | −0.279% | $757K | $1.4M | 10x | as long as short |
| Nado MU-PERP | +0.0235% | 1h | 1,045.4 | −0.288% | $270K | $877K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0256% | 8h | 1,046.3 | −0.202% | $82K | $1.4M | 10x | as long as short |
| Bybit MUUSDTshort | +0.0286% | 8h | 1,046.3 | −0.210% | $19.2M | $32.6M | 100x | |
| tradeXYZ xyz:MU | +0.0287% | 1h | 1,045.9 | −0.243% | $176.7M | $105.8M | 10x | as long as short |
| BloFin MU-USDT | +0.0333% | 8h | 1,046.1 | −0.220% | $1.5M | $2.0M | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0372% | 1h | 1,046.1 | −0.229% | $62K | $261K | 10x | as long as short |
| Phoenix MU | +0.0460% | 1h | 1,046.6 | −0.176% | $535K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0462% | 1h | 1,045.8 | −0.253% | $74K | $240K | 10x | as long as short |
| RISEx MU/USDC | +0.0525% | 1h | 1,046.7 | −0.169% | $317K | $339K | 20x | as long as short |
| Extended MU_24_5-USD | +0.0672% | 1h | 1,045.3 | −0.303% | $540K | $1.1M | 10x | as long as short |
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Bitget MUUSDT
Aevo MU-PERP
Paradex MU-USD-PERP
Lighter MU
Aster MUUSD1
Variational Omni MU
Binance MUUSDT
Bullet MU-USD
Coinbase International MU-PERP-INTX
Nado MU-PERP
GRVT MU_USDT_Perp
tradeXYZ xyz:MU
BloFin MU-USDT
Deribit MU_USDC-PERPETUAL
Phoenix MU
Arcus MU-USD
RISEx MU/USDC
Extended MU_24_5-USD