MU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0106%/8h= −11.6% APRnext payment −$1.06 per $10,000 · paid last 24h −0.017%

Price spread now: OKX against Bybit−0.029%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days+0.026%+$3 · spread now −0.029%, 7d avg −0.005%

Together, before fees+0.029%+$3 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 OKX is 0.025% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MUUSDT	1,051.7	0.0211	pay 0.0211% / 8h	7h 21m	$19.5M	$32.7M	100x
Short	OKX MU-USDT-SWAP	1,051.4	0.0105	get 0.0105% / 8h	7h 21m	$30.9M	$101.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$22.23
Price spread: −0.029% → −0.005%: −$2.47
Slippage, 4 orders: −$7.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$52.81
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; OKX: 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 Bybit live order book, 2 min ago	0.19 bp	8.4 bp −$8	12.5 bp −$125	46.4 bp −$4,636	doesn't fit
Sell OKX live order book, 2 min ago	0.05 bp	5.5 bp −$6	6.9 bp −$69	21.4 bp −$2,144	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	−0.0574%	4h	1,050.5	−0.112%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.4	−0.026%	$62.8M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.3	−0.131%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.5	+0.078%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.6	−0.102%	$130K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,050.6	−0.104%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.7	−0.090%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.030%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.8	+0.012%	—	$179K	25x	as long as short
Lighter MU	+0.0048%	1h	1,050.9	−0.073%	$1.1M	$4.8M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,051.2	−0.046%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.1	−0.149%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,051	−0.068%	$7.7M	$21.9M	10x	as long as short
Nado MU-PERP	+0.0086%	1h	1,050.9	−0.070%	$274K	$858K	10x	as long as short
Paradex MU-USD-PERP	+0.0091%	8h	1,050.9	−0.077%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,050.6	−0.106%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.7	−0.089%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.9	−0.074%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.3	−0.037%	$836	$799	20x	as long as short
OKX MU-USDT-SWAPshort	+0.0105%	8h	1,051.4	−0.029%	$30.9M	$101.8M	50x
SoDEX MU-USD	+0.0106%	1h	1,051.2	−0.048%	$690K	$16K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0131%	1h	1,051.2	−0.049%	$64K	$306K	10x	as long as short
Aevo MU-PERP	+0.0144%	1h	1,051	−0.064%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	−0.316%	$759K	$1.2M	10x	as long as short
Bybit MUUSDTlong	+0.0211%	8h	1,051.7	long leg	$19.5M	$32.7M	100x
Bullet MU-USD	+0.0212%	1h	1,051.3	−0.036%	$25K	$395K	10x	as long as short
Variational Omni MU	+0.0229%	8h	1,051.2	−0.050%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0239%	8h	1,051.4	−0.030%	$126.1M	$522.2M	50x	as long as short
tradeXYZ xyz:MU	+0.0239%	1h	1,051	−0.065%	$178.4M	$100.3M	10x	as long as short
Aster MUUSD1	+0.0240%	8h	1,050.8	−0.088%	$21.6M	$48.3M	20x	as long as short
Arcus MU-USD	+0.0240%	1h	1,050.8	−0.083%	$71K	$243K	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,051.5	−0.021%	$316K	$339K	20x	as long as short
BloFin MU-USDT	+0.0356%	8h	1,051.1	−0.055%	$1.5M	$2.0M	20x	as long as short
Extended MU_24_5-USD	+0.0376%	1h	1,050.5	−0.114%	$563K	$1.2M	10x	as long as short
Phoenix MU	+0.0383%	1h	1,051.2	−0.046%	$538K	$306K	15x	as long as short
Bitget MUUSDT	+0.0385%	8h	1,051.3	−0.033%	$20.6M	$41.6M	50x	as long as short
GRVT MU_USDT_Perp	+0.0550%	8h	1,051.5	−0.017%	$83K	$1.3M	10x	as long as short