Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Gate against Ondo Perps−0.048%7-day average +0.064% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 7 days+0.225%+$23 · spread now −0.048%, 7d avg +0.064%
=Together, before fees+0.143%+ Points / potential airdropOndo Perps: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.111% cheaper against Ondo Perps than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.064%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps MU-USD.P | 1,051.7 | 0.0050 | pay 0.0006% / 1h | 24m 44s | $1.9M | $2.3M | 10x |
| Short | Gate MU_USDT | 1,051.2 | 0 | get 0.0000% / 8h | 7h 24m | $62.8M | $28.9M | 75x |
Ondo Perps MU-USD.P
Gate MU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Ondo Perps. 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
- −$10.58
- Price spread: −0.048% → +0.064%
- −$11.12
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$41.71
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Gate: live order book, 4 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 4 min ago | 0.71 bp | 12.9 bp −$13 | 18.8 bp −$188 | 37.4 bp −$3,736 | 62.1 bp −$31.1K |
Ondo Perps: 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 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 | −0.0576% | 4h | 1,052.5 | +0.076% | $1.3M | $672K | 10x | as long as short |
| Gate MU_USDTshort | 0.0000% | 8h | 1,051.2 | −0.048% | $62.8M | $28.9M | 75x | |
| StandX MU-USD | 0.0000% | 1h | 1,051.5 | −0.022% | $190K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,052.6 | +0.082% | $11K | $6.2M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,051.1 | −0.065% | $129K | $424K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,050.8 | −0.086% | $3K | $45K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,050.4 | −0.125% | $1.1M | $4.8M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,050.5 | −0.113% | $1.2M | $4.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.035% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,052.1 | +0.037% | — | $179K | 25x | as long as short |
edgeX MUUSDC
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter MU
Lighter RH MU
Injective MU/USDC PERP
Vest MU-USD-PERPShow 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 | −0.069% | $171K | $203K | 10x | as long as short |
| Ondo Perps MU-USD.Plong | +0.0050% | 1h | 1,051.7 | long leg | $1.9M | $2.3M | 10x | |
| QFEX MU-USD | +0.0054% | 1h | 1,051.3 | −0.039% | $7.7M | $22.1M | 10x | as long as short |
| Nado MU-PERP | +0.0083% | 1h | 1,051.1 | −0.063% | $274K | $857K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0093% | 8h | 1,051.4 | −0.030% | $2K | — | 5x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,050.6 | −0.105% | $148K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,050.7 | −0.095% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,052 | +0.022% | $71K | $267K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,051.4 | −0.030% | $836 | $799 | 20x | as long as short |
| OKX MU-USDT-SWAP | +0.0104% | 8h | 1,050.4 | −0.127% | $30.9M | $101.8M | 50x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,051 | −0.069% | $32K | $1K | 10x | as long as short |
| SoDEX MU-USD | +0.0139% | 1h | 1,051.2 | −0.049% | $690K | $16K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,048.4 | −0.320% | $759K | $1.2M | 10x | as long as short |
| Bybit MUUSDT | +0.0197% | 8h | 1,050.7 | −0.095% | $19.4M | $32.6M | 100x | as long as short |
| Bullet MU-USD | +0.0224% | 1h | 1,051.4 | −0.029% | $26K | $396K | 10x | as long as short |
| Variational Omni MU | +0.0224% | 8h | 1,051.7 | −0.007% | $2.7M | $2.4M | — | as long as short |
| Aster MUUSD1 | +0.0235% | 8h | 1,050.7 | −0.095% | $21.6M | $48.3M | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0235% | 1h | 1,051.1 | −0.058% | $64K | $304K | 10x | as long as short |
| Binance MUUSDT | +0.0237% | 8h | 1,050.5 | −0.120% | $126.0M | $522.7M | 50x | as long as short |
| Arcus MU-USD | +0.0240% | 1h | 1,051.3 | −0.046% | $71K | $243K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0252% | 1h | 1,050.5 | −0.117% | $178.3M | $100.3M | 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 | +0.0355% | 8h | 1,051.3 | −0.044% | $1.5M | $2.0M | 20x | as long as short |
| Bitget MUUSDT | +0.0372% | 8h | 1,050.8 | −0.090% | $20.6M | $41.6M | 50x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,050.2 | −0.145% | $537K | $306K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0400% | 1h | 1,050.8 | −0.084% | $570K | $1.2M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0551% | 8h | 1,052.6 | +0.080% | $83K | $1.3M | 10x | as long as short |
Polymarket Perps MU-USD
QFEX MU-USD
Nado MU-PERP
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
OKX MU-USDT-SWAP
Aevo MU-PERP
SoDEX MU-USD
Coinbase International MU-PERP-INTX
Bybit MUUSDT
Bullet MU-USD
Variational Omni MU
Aster MUUSD1
Deribit MU_USDC-PERPETUAL
Binance MUUSDT
Arcus MU-USD
tradeXYZ xyz:MU
RISEx MU/USDC
BloFin MU-USDT
Bitget MUUSDT
Phoenix MU
Extended MU_24_5-USD
GRVT MU_USDT_Perp