Funding you earn now, next payment 10:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h −0.010%
Price spread now: SoDEX against Bybit−0.102%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$400.404% of the position
Funding, last 4 days (all we have)+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.102%, 7d avg −0.022%
=Funding pays, the price is against you. SoDEX is 0.080% cheaper against Bybit than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of −0.022%). If the spread goes back, that is −$8 on $10k: about 6.0 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.010% in total) that is about 28 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MUUSDT | 1,040.4 | 0.0068 | pay 0.0068% / 8h | 6h 02m | $18.9M | $32.6M | 100x |
| Short | SoDEX MU-USD | 1,039.3 | 0.0113 | get 0.0014% / 1h | 2m 58s | $682K | $13K | 10x |
Bybit MUUSDT
SoDEX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Bybit. 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
- $9.44
- Price spread: −0.102% → −0.022%
- −$8.03
- Slippage, 4 orders
- −$21.44
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$39.04
- Costs to cover
- 0.404%
- Break-even
- 36.0 days
Slippage from Bybit: live order book, 4 min ago; SoDEX: live order book, 48 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, 4 min ago | 1.35 bp | 8.2 bp −$8 | 13.4 bp −$134 | 34.0 bp −$3,398 | doesn't fit |
| Sell SoDEX live order book, 48 min ago | 0.05 bp | 11.8 bp −$12 | 41.3 bp −$413 | doesn't fit | doesn't fit |
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 | −0.101% | $1.3M | $695K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,040.7 | +0.028% | $21.3M | $73.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,040.4 | +0.001% | $121.7M | $554.9M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,040.5 | +0.009% | $29.6M | $108.0M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,040 | −0.037% | $61.2M | $28.4M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,040.3 | −0.012% | $19.9M | $43.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,039.1 | −0.126% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,038.4 | −0.188% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,041.7 | +0.127% | $11K | $5.1M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,040.1 | −0.028% | $119K | $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 | 1,039.7 | −0.070% | $1.2M | $4.6M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0033% | 1h | 1,037.2 | −0.310% | $3K | $42K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.053% | $19K | $5K | 12x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0039% | 1h | 1,038.3 | −0.205% | $38K | $714K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,039.3 | −0.102% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038 | −0.231% | $168K | $178K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.1 | −0.317% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0059% | 1h | 1,038.2 | −0.212% | $7.0M | $19.2M | 10x | as long as short |
| Bybit MUUSDTlong | +0.0068% | 8h | 1,040.4 | long leg | $18.9M | $32.6M | 100x | |
| Paradex MU-USD-PERP | +0.0077% | 8h | 1,038.2 | −0.211% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,038.4 | −0.192% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.8 | −0.253% | $146K | $223K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,039.6 | −0.081% | $5.2M | $5.8M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.5 | −0.186% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.8 | −0.153% | $826 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0107% | 1h | 1,039.2 | −0.117% | $296K | $351K | 20x | as long as short |
| SoDEX MU-USDshort | +0.0113% | 1h | 1,039.3 | −0.102% | $682K | $13K | 10x | |
| BloFin MU-USDT | +0.0120% | 8h | 1,040 | −0.039% | $1.4M | $2.5M | 20x | as long as short |
| Nado MU-PERP | +0.0124% | 1h | 1,037.7 | −0.259% | $273K | $840K | 10x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,037.9 | −0.241% | $90K | $148K | 10x | as long as short |
| Lighter MU | +0.0144% | 1h | 1,039.7 | −0.067% | $1.0M | $5.1M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,035.4 | −0.482% | $734K | $1.1M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0189% | 1h | 1,039.4 | −0.096% | $177.2M | $75.9M | 10x | as long as short |
| Bullet MU-USD | +0.0210% | 1h | 1,038.7 | −0.161% | $24K | $386K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0215% | 8h | 1,038.1 | −0.217% | $81K | $1.4M | 10x | as long as short |
| Phoenix MU | +0.0310% | 1h | 1,039.6 | −0.077% | $532K | $269K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0344% | 1h | 1,039.1 | −0.129% | $553K | $1.1M | 10x | as long as short |
Lighter RH MU
Aftermath Perps MUUSD
Injective MU/USDC PERP
Deribit MU_USDC-PERPETUAL
Vest MU-USD-PERP
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Paradex MU-USD-PERP
Aevo MU-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
Lighter MU
Coinbase International MU-PERP-INTX
tradeXYZ xyz:MU
Bullet MU-USD
GRVT MU_USDT_Perp
Phoenix MU
Extended MU_24_5-USD