Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.008%

Price spread now: Bitget against ApeX Omni+0.085%83s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.481% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.085%, 7d avg +0.002%

Together, before fees−0.025%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.083% dearer against ApeX Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.002%. The two prices were read 83 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	ApeX Omni MUUSDT	1,050	0.0100	pay 0.0013% / 1h	32m 07s	$71K	$268K	50x
Short	Bitget MUUSDT	1,050.9	0.0131	get 0.0131% / 8h	5h 32m	$20.6M	$41.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.085%Rate

Funding earned: $6.51
Price spread: +0.085% → +0.002%: $8.26
Slippage, 4 orders: −$26.12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$33.36
Costs to cover: 0.481%
Break-even: 42.9 days

Slippage from ApeX Omni: live order book, 30 min ago; Bitget: live order book, 2 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, 30 min ago	6.23 bp	17.0 bp −$17	175.3 bp −$1,753	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.05 bp	7.8 bp −$8	10.1 bp −$101	doesn't fit	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	−0.0868%	4h	1,050.2	+0.021%	$1.3M	$672K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,051.2	+0.110%	$19.2M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.9	+0.089%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.7	+0.070%	$62.1M	$27.4M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.5	+0.044%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.3	+0.032%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.5	+0.240%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.4	+0.033%	$67K	$370K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.6	+0.053%	$129K	$428K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050	−0.001%	$3K	$44K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MU-USDT-SWAP	+0.0026%	8h	1,050.9	+0.081%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.6	+0.055%	$7.2M	$18.2M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.7	+0.066%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.130%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.3	+0.028%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.7	+0.159%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.6	+0.057%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.8	+0.072%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.8	−0.022%	$1.9M	$2.3M	10x	as long as short
Lighter MU	+0.0056%	1h	1,050.8	+0.075%	$1.1M	$4.9M	20x	as long as short
Extended MU_24_5-USD	+0.0056%	1h	1,050	−0.002%	$564K	$1.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0057%	8h	1,050.8	+0.074%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0061%	1h	1,050.5	+0.049%	$282K	$848K	10x	as long as short
tradeXYZ xyz:MU	+0.0064%	1h	1,050.6	+0.057%	$178.2M	$99.2M	10x	as long as short
Aster MUUSD1	+0.0078%	8h	1,050.8	+0.076%	$21.4M	$52.1M	20x	as long as short
Bullet MU-USD	+0.0080%	1h	1,050.9	+0.083%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.006%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.4	+0.034%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.6	+0.060%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDTlong	+0.0100%	1h	1,050	long leg	$71K	$268K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.7	+0.070%	$835	$799	20x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,050.4	+0.037%	$32K	$1K	10x	as long as short
Variational Omni MU	+0.0122%	8h	1,050.5	+0.045%	$2.7M	$2.4M	—	as long as short
Bitget MUUSDTshort	+0.0131%	8h	1,050.9	+0.085%	$20.6M	$41.1M	50x
Binance MUUSDT	+0.0140%	8h	1,050.9	+0.085%	$126.6M	$518.4M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.8	+0.076%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0261%	8h	1,050.8	+0.071%	$1.5M	$2.0M	20x	as long as short