Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.039%
Price spread now: Bybit against BloFin−0.005%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$290.295% of the position
Funding, last 7 days−0.284%−$28 on $10k
+Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.005%, 7d avg −0.008%
=The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MU-USDT | 1,036.4 | 0.0120 | pay 0.0120% / 8h | 51m 16s | $1.5M | $2.1M | 20x |
| Short | Bybit MUUSDT | 1,036.4 | 0 | get 0.0000% / 8h | 51m 16s | $18.7M | $32.2M | 100x |
BloFin MU-USDT
Bybit MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$25.2
- Price spread: −0.005% → −0.008%
- $0.36
- Slippage, 4 orders
- −$6.47
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$54.31
- Costs to cover
- 0.295%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Bybit: live order book, 2 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 BloFin live order book, 2 min ago | 0.05 bp | 6.2 bp −$6 | 7.7 bp −$77 | 13.8 bp −$1,384 | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.35 bp | 8.3 bp −$8 | 9.1 bp −$91 | 28.6 bp −$2,861 | 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 | −0.0721% | 4h | 1,036 | −0.037% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDT | −0.0215% | 8h | 1,036.6 | +0.022% | $20.2M | $40.0M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,036.6 | +0.019% | $21.1M | $64.5M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,036.3 | −0.010% | $122.0M | $538.2M | 50x | as long as short |
| Bybit MUUSDTshort | 0.0000% | 8h | 1,036.4 | −0.005% | $18.7M | $32.2M | 100x | |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,036.1 | −0.027% | $29.7M | $100.0M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,036.4 | −0.002% | $313K | $385K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,036.2 | −0.022% | $61.4M | $28.2M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,035.7 | −0.069% | $2.5M | $2.5M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,035.8 | −0.062% | $82K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,036.1 | −0.028% | $187K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,038 | +0.158% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,036.1 | −0.029% | $74K | $592K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,036 | −0.043% | $127K | $460K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0016% | 1h | 1,035.9 | −0.048% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0021% | 1h | 1,036.1 | −0.025% | $7.0M | $18.8M | 10x | as long as short |
| Nado MU-PERP | +0.0028% | 1h | 1,036 | −0.043% | $277K | $807K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,036.3 | −0.013% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,035.7 | −0.066% | $546K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.443% | $19K | $5K | 12x | as long as short |
| Bullet MU-USD | +0.0037% | 1h | 1,036.4 | −0.004% | $24K | $390K | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,035.6 | −0.078% | $90K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,036.1 | −0.031% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,036 | −0.039% | $176.2M | $84.0M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,036 | −0.039% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,036.2 | −0.018% | $680K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,034.7 | −0.168% | $1.8M | $2.7M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,036.5 | +0.011% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0056% | 1h | 1,036.4 | −0.001% | $1.0M | $4.9M | 20x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,036 | −0.040% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,038.8 | +0.230% | $734K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,036.4 | −0.005% | $147K | $188K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,036.1 | −0.033% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,036.6 | +0.019% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,036.2 | −0.017% | $824 | $799 | 20x | as long as short |
| BloFin MU-USDTlong | +0.0120% | 8h | 1,036.4 | long leg | $1.5M | $2.1M | 20x | |
| Phoenix MU | +0.0232% | 1h | 1,035.6 | −0.077% | $530K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Nado MU-PERP
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Bullet MU-USD
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Lighter MU
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Phoenix MU