Funding you earn now, next payment 02:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.07 per $10,000 · paid last 24h +0.035%
Price spread now: tradeXYZ against Injective−0.139%54s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.232%+$23 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.139% cheaper against Injective than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.232%, so the current rate has only just turned against you. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MU/USDC PERP | 1,051.4 | 0.0107 | pay 0.0013% / 1h | 14m 14s | $19K | $5K | 12x |
| Short | tradeXYZ xyz:MU | 1,049.9 | 0.0050 | get 0.0006% / 1h | 14m 14s | $178.2M | $99.6M | 10x |
Injective MU/USDC PERP
tradeXYZ xyz:MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Injective. 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
- −$11.96
- Price spread: −0.139% → 0.000%
- −$13.89
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$43.86
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; tradeXYZ: live order book, 6 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 6 min ago | 0.95 bp | 10.0 bp −$10 | 11.2 bp −$112 | 15.7 bp −$1,567 | doesn't fit |
Injective: 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 36 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 | −0.0876% | 4h | 1,049.5 | −0.178% | $1.3M | $672K | 10x | as long as short |
| Nado MU-PERP | −0.0004% | 1h | 1,049.7 | −0.158% | $277K | $854K | 10x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,050.4 | −0.096% | $19.2M | $32.6M | 100x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,050 | −0.133% | $62.0M | $27.7M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,049.6 | −0.167% | $190K | $3.4M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,050.2 | −0.114% | $25K | $394K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,051.4 | +0.003% | $11K | $6.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,049.8 | −0.152% | $66K | $342K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,049.7 | −0.154% | $129K | $425K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0017% | 1h | 1,049.7 | −0.162% | $3K | $45K | 10x | as long as short |
edgeX MUUSDC
Nado MU-PERP
Bybit MUUSDT
Gate MU_USDT
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MU | +0.0032% | 1h | 1,049.8 | −0.145% | $1.1M | $4.8M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,049.8 | −0.149% | $1.1M | $4.2M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,049.3 | −0.198% | $567K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0040% | 1h | 1,049.8 | −0.147% | $7.4M | $19.3M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,049.7 | −0.158% | $71K | $236K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,050.8 | −0.054% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MUshort | +0.0050% | 1h | 1,049.9 | −0.139% | $178.2M | $99.6M | 10x | |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,049.8 | −0.148% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,050 | −0.134% | $689K | $16K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0050% | 8h | 1,050.2 | −0.113% | $30.8M | $100.5M | 50x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,049.3 | −0.194% | $1.9M | $2.3M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0056% | 8h | 1,049.8 | −0.147% | $81K | $1.3M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0061% | 8h | 1,050.1 | −0.116% | $2K | — | 5x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,049.9 | −0.144% | $149K | $187K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,049.8 | −0.151% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,049.9 | −0.143% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,050.1 | −0.120% | $835 | $799 | 20x | as long as short |
| Injective MU/USDC PERPlong | +0.0107% | 1h | 1,051.4 | long leg | $19K | $5K | 12x | |
| Aevo MU-PERP | +0.0128% | 1h | 1,049.7 | −0.158% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0128% | 1h | 1,050.3 | −0.103% | $757K | $1.2M | 10x | as long as short |
| Aster MUUSD1 | +0.0148% | 8h | 1,050 | −0.126% | $21.6M | $51.7M | 20x | as long as short |
| Variational Omni MU | +0.0171% | 8h | 1,049.8 | −0.148% | $2.7M | $2.4M | — | as long as short |
| Binance MUUSDT | +0.0188% | 8h | 1,050.1 | −0.117% | $126.5M | $523.1M | 50x | as long as short |
| Bitget MUUSDT | +0.0224% | 8h | 1,050.1 | −0.119% | $20.6M | $41.9M | 50x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,050.2 | −0.110% | $537K | $273K | 15x | as long as short |
| RISEx MU/USDC | +0.0507% | 1h | 1,050.2 | −0.106% | $334K | $349K | 20x | as long as short |
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
OKX MU-USDT-SWAP
Ondo Perps MU-USD.P
GRVT MU_USDT_Perp
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Aster MUUSD1
Variational Omni MU
Binance MUUSDT
Bitget MUUSDT
Phoenix MU
RISEx MU/USDC