Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.022%
Price spread now: Orderly against OKX−0.039%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Orderly is 0.039% cheaper against OKX than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MU-USDT-SWAP | 1,038.6 | 0 | get 0.0000% / 8h | 5h 26m | $29.7M | $106.9M | 50x |
| Short | Orderly PERP_MU_USDC_mythos | 1,038.2 | 0.0100 | get 0.0100% / 8h | 5h 26m | $825 | $799 | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against OKX. 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
- $21
- Price spread: −0.039% → 0.000%
- −$3.95
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $1.05
- Costs to cover
- 0.160%
- Break-even
- 6.6 days
Slippage unknown: OKX: live order book, 5 min ago; Orderly: no order-book sample. 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 OKX live order book, 5 min ago | 0.05 bp | 5.2 bp −$5 | 6.8 bp −$68 | 20.9 bp −$2,089 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 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 | −0.0362% | 4h | 1,038.6 | −0.006% | $1.3M | $694K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,038.9 | +0.031% | $21.2M | $73.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,039 | +0.036% | $121.9M | $555.6M | 50x | as long as short |
| OKX MU-USDT-SWAPlong | 0.0000% | 8h | 1,038.6 | long leg | $29.7M | $106.9M | 50x | |
| Gate MU_USDT | 0.0000% | 8h | 1,038.5 | −0.008% | $61.3M | $28.1M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,038.7 | +0.011% | $19.8M | $43.7M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,038.4 | −0.016% | $2.6M | $2.5M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,038 | −0.064% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,040.3 | +0.164% | $11K | $5.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,037.8 | −0.081% | $33K | $733K | 10x | as long as short |
Show all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,038.3 | −0.029% | $119K | $473K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,038.5 | −0.014% | $1.1M | $4.5M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.228% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0036% | 1h | 1,038.3 | −0.026% | $3K | $41K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,039.5 | +0.090% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.4 | −0.020% | $169K | $167K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,038.5 | −0.013% | $683K | $14K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.9 | −0.067% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0058% | 1h | 1,038.7 | +0.004% | $7.0M | $19.4M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0075% | 8h | 1,038.5 | −0.010% | $2K | — | 5x | as long as short |
| Bybit MUUSDT | +0.0077% | 8h | 1,038.8 | +0.014% | $18.9M | $32.4M | 100x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,038.1 | −0.046% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,038.2 | −0.040% | $151K | $228K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038.3 | −0.033% | $5.2M | $6.3M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,037.7 | −0.085% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythosshort | +0.0100% | 8h | 1,038.2 | −0.039% | $825 | $799 | 20x | |
| GRVT MU_USDT_Perp | +0.0116% | 8h | 1,038.7 | +0.005% | $84K | $1.4M | 10x | as long as short |
| RISEx MU/USDC | +0.0118% | 1h | 1,038.7 | +0.007% | $299K | $339K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038.7 | +0.009% | $1.5M | $2.6M | 20x | as long as short |
| Nado MU-PERP | +0.0131% | 1h | 1,038 | −0.058% | $276K | $839K | 10x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,038 | −0.061% | $90K | $140K | 10x | as long as short |
| Lighter MU | +0.0160% | 1h | 1,038.5 | −0.008% | $1.0M | $5.0M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0192% | 1h | 1,037.9 | −0.070% | $727K | $1.2M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0221% | 1h | 1,038.3 | −0.030% | $177.2M | $75.5M | 10x | as long as short |
| Bullet MU-USD | +0.0222% | 1h | 1,038.8 | +0.018% | $25K | $383K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0240% | 1h | 1,037.9 | −0.072% | $546K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0308% | 1h | 1,038.6 | −0.001% | $532K | $159K | 15x | as long as short |
OKX MU-USDT-SWAP
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
Polymarket Perps MU-USD
SoDEX MU-USD
Paradex MU-USD-PERP
Bybit MUUSDT
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
GRVT MU_USDT_Perp
RISEx MU/USDC
BloFin MU-USDT
Lighter MU
Coinbase International MU-PERP-INTX
tradeXYZ xyz:MU
Bullet MU-USD
Extended MU_24_5-USD
Phoenix MU