Funding you earn now, next payment 16:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.73 per $10,000 · paid last 24h −0.004%
Price spread now: Bybit against Orderly+0.063%50s7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Bybit is 0.063% dearer against Orderly than usual: you sell high and buy low (spread +0.063% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.9 days. The two prices were read 50 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 | Orderly PERP_MU_USDC_mythos | 1,030.4 | 0.0100 | pay 0.0100% / 8h | 7h 17m | $819 | $799 | 20x |
| Short | Bybit MUUSDT | 1,031.1 | 0.0027 | get 0.0027% / 8h | 7h 17m | $18.7M | $32.4M | 100x |
Orderly PERP_MU_USDC_mythos
Bybit MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Orderly. 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
- −$15.37
- Price spread: +0.063% → 0.000%
- $6.31
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$26.07
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 1 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 0.87 bp | 7.0 bp −$7 | 11.7 bp −$117 | 25.9 bp −$2,591 | doesn't fit |
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 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 | −0.0456% | 4h | 1,029.7 | −0.070% | $1.3M | $696K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,030.5 | +0.008% | $21.1M | $69.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,030.9 | +0.050% | $121.9M | $549.1M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,030.9 | +0.046% | $29.2M | $103.6M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,030.9 | +0.045% | $293K | $386K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,030.6 | +0.018% | $61.8M | $28.4M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,030.9 | +0.042% | $19.8M | $41.0M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,029.6 | −0.077% | $2.5M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,029.1 | −0.128% | $186K | $3.6M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,030.8 | +0.041% | $11K | $5.3M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,030.4 | −0.002% | $118K | $495K | 50x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,030.8 | +0.039% | $7.0M | $19.0M | 10x | as long as short |
| Bybit MUUSDTshort | +0.0027% | 8h | 1,031.1 | +0.063% | $18.7M | $32.4M | 100x | |
| Aftermath Perps MUUSD | +0.0029% | 1h | 1,027.8 | −0.252% | $3K | $43K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,030.5 | +0.007% | $1.1M | $4.5M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,030 | −0.041% | $539K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +2.032% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,030.6 | +0.021% | $89K | $234K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,029.9 | −0.051% | — | $179K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,030 | −0.041% | $167K | $177K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,029.8 | −0.059% | $1.9M | $3.1M | 10x | as long as short |
| SoDEX MU-USD | +0.0066% | 1h | 1,030.2 | −0.026% | $676K | $15K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0076% | 8h | 1,030.8 | +0.040% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,029.6 | −0.079% | $32K | $1K | 10x | as long as short |
| Lighter MU | +0.0088% | 1h | 1,030.7 | +0.031% | $991K | $5.0M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,029.4 | −0.098% | $719K | $1.1M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,030.7 | +0.025% | $146K | $194K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,030.2 | −0.021% | $5.1M | $4.8M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,029 | −0.138% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythoslong | +0.0100% | 8h | 1,030.4 | long leg | $819 | $799 | 20x | |
| Nado MU-PERP | +0.0102% | 1h | 1,028.7 | −0.162% | $263K | $815K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0103% | 1h | 1,030.5 | +0.008% | $174.1M | $79.0M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,029.3 | −0.108% | $1.5M | $2.3M | 20x | as long as short |
| Bullet MU-USD | +0.0147% | 1h | 1,030.1 | −0.036% | $25K | $388K | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,028.4 | −0.196% | $526K | $270K | 15x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0265% | 1h | 1,030.1 | −0.033% | $72K | $631K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0292% | 8h | 1,029.3 | −0.107% | $81K | $1.4M | 10x | as long as short |
HTX MU-USDT
QFEX MU-USD
Aftermath Perps MUUSD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
SoDEX MU-USD
Paradex MU-USD-PERP
Aevo MU-PERP
Lighter MU
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Nado MU-PERP
tradeXYZ xyz:MU
BloFin MU-USDT
Bullet MU-USD
Phoenix MU
Deribit MU_USDC-PERPETUAL
GRVT MU_USDT_Perp