Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h −0.008%

Price spread now: Binance against ApeX Omni+0.067%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$540.541% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 2 days (all we have)−0.090%−$9 · spread now +0.067%, 7d avg +0.013%

Together, before fees−0.103%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.055% dearer against ApeX Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MUUSDT	1,041.9	0.0100	pay 0.0013% / 1h	7m 29s	$71K	$267K	50x
Short	Binance MUUSDT	1,042.6	0.0108	get 0.0108% / 8h	2h 07m	$124.7M	$540.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.067%Rate

Funding earned: $1.7
Price spread: +0.067% → +0.013%: $5.46
Slippage, 4 orders: −$34.08
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$46.93
Costs to cover: 0.541%
Break-even: 200.1 days

Slippage from ApeX Omni: live order book, 14 min ago; Binance: live order book, 6 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 ApeX Omni live order book, 14 min ago	8.67 bp	20.5 bp −$20	186.1 bp −$1,861	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.05 bp	5.5 bp −$5	8.9 bp −$89	18.4 bp −$1,841	doesn't fit

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	−0.0333%	4h	1,042.6	+0.071%	$1.3M	$672K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,042.5	+0.060%	$30.7M	$104.2M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,042.4	+0.054%	$62.9M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,042.6	+0.069%	$188K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,044.4	+0.244%	$12K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042.3	+0.036%	$125K	$441K	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,042.9	+0.102%	$21.5M	$46.4M	20x	as long as short
Aftermath Perps MUUSD	+0.0028%	1h	1,042.6	+0.073%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.4	+0.048%	$1.1M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.848%	$14K	$302	12x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MU-USD-PERP	+0.0046%	1h	1,042.1	+0.024%	—	$193K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,042.2	+0.031%	$165K	$180K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,042.4	+0.054%	$684K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,041.6	−0.026%	$2.0M	$2.6M	10x	as long as short
QFEX MU-USD	+0.0057%	1h	1,042.7	+0.075%	$7.8M	$24.1M	10x	as long as short
Bitget MUUSDT	+0.0073%	8h	1,042.5	+0.063%	$20.4M	$42.9M	50x	as long as short
Variational Omni MU	+0.0082%	8h	1,043	+0.107%	$2.7M	$2.7M	—	as long as short
Pacifica MU	+0.0100%	1h	1,041.9	−0.001%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,042.2	+0.033%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDTlong	+0.0100%	1h	1,041.9	long leg	$71K	$267K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,042.6	+0.066%	$829	$799	20x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,042.3	+0.041%	$33K	—	10x	as long as short
Binance MUUSDTshort	+0.0108%	8h	1,042.6	+0.067%	$124.7M	$540.4M	50x
Paradex MU-USD-PERP	+0.0117%	8h	1,042.5	+0.062%	$2K	—	5x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,043.8	+0.186%	$756K	$1.4M	10x	as long as short
GRVT MU_USDT_Perp	+0.0176%	8h	1,042.8	+0.090%	$82K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0190%	8h	1,042.7	+0.079%	$19.1M	$32.5M	100x	as long as short
Lighter MU	+0.0192%	1h	1,042.5	+0.056%	$998K	$4.8M	20x	as long as short
Nado MU-PERP	+0.0193%	1h	1,041.8	−0.011%	$306K	$845K	10x	as long as short
RISEx MU/USDC	+0.0202%	1h	1,042.8	+0.091%	$285K	$333K	20x	as long as short
tradeXYZ xyz:MU	+0.0213%	1h	1,042.4	+0.050%	$176.3M	$107.2M	10x	as long as short
Arcus MU-USD	+0.0226%	1h	1,042.1	+0.019%	$63K	$230K	10x	as long as short
BloFin MU-USDT	+0.0227%	8h	1,043	+0.109%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0230%	1h	1,042.7	+0.079%	$533K	$303K	15x	as long as short
Bullet MU-USD	+0.0231%	1h	1,042.6	+0.069%	$25K	$400K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0297%	1h	1,042.5	+0.058%	$60K	$231K	10x	as long as short
Extended MU_24_5-USD	+0.0688%	1h	1,041.6	−0.027%	$540K	$1.1M	10x	as long as short