Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h −0.004%

Price spread now: Bybit against ApeX Omni+0.008%109s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as 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−$520.519% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.008%, 7d avg +0.002%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour. The two prices were read 109 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	1,033.2	0.0100	pay 0.0013% / 1h	1m 45s	$70K	$270K	50x
Short	Bybit MUUSDT	1,033.2	0.0126	get 0.0126% / 8h	7h 01m	$18.7M	$32.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.008%Rate

Funding earned: $5.41
Price spread: +0.008% → +0.002%: $0.58
Slippage, 4 orders: −$30.95
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$45.95
Costs to cover: 0.519%
Break-even: 66.5 days

Slippage from ApeX Omni: live order book, 30 min ago; Bybit: 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	7.26 bp	18.5 bp −$18	181.0 bp −$1,810	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.53 bp	6.9 bp −$7	12.1 bp −$121	23.1 bp −$2,309	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	−0.0053%	4h	1,033.2	+0.002%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,033.4	+0.025%	$21.1M	$69.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,033.2	+0.005%	$121.6M	$550.6M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,033.5	+0.032%	$29.1M	$104.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,032.8	−0.038%	$294K	$375K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,032.8	−0.031%	$61.6M	$28.8M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,033.3	+0.016%	$19.6M	$41.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,032.5	−0.065%	$2.5M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,032.1	−0.099%	$187K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,033.8	+0.063%	$11K	$5.3M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,032.6	−0.059%	$119K	$493K	50x	as long as short
QFEX MU-USD	+0.0027%	1h	1,032.9	−0.027%	$7.0M	$19.0M	10x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,032.1	−0.099%	$3K	$43K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,033	−0.015%	$1.1M	$4.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.762%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,032.9	−0.026%	$90K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,033.1	−0.007%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,032.3	−0.083%	$167K	$177K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,032.1	−0.107%	$1.9M	$3.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,032.2	−0.096%	$32K	$1K	10x	as long as short
Paradex MU-USD-PERP	+0.0088%	8h	1,033	−0.014%	$2K	—	5x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,030.9	−0.216%	$720K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,033.2	+0.007%	$146K	$214K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,032.3	−0.084%	$5.1M	$5.0M	20x	as long as short
ApeX Omni MUUSDTlong	+0.0100%	1h	1,033.2	long leg	$70K	$270K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,032.7	−0.045%	$821	$799	20x	as long as short
Nado MU-PERP	+0.0116%	1h	1,032.2	−0.094%	$264K	$811K	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,033.1	−0.011%	$1.4M	$2.3M	20x	as long as short
SoDEX MU-USD	+0.0124%	1h	1,032.4	−0.070%	$678K	$15K	10x	as long as short
Bybit MUUSDTshort	+0.0126%	8h	1,033.2	+0.008%	$18.7M	$32.5M	100x
tradeXYZ xyz:MU	+0.0130%	1h	1,032.9	−0.025%	$174.9M	$78.3M	10x	as long as short
Lighter MU	+0.0144%	1h	1,033.2	+0.005%	$997K	$5.1M	20x	as long as short
Bullet MU-USD	+0.0180%	1h	1,032.7	−0.047%	$26K	$388K	10x	as long as short
Extended MU_24_5-USD	+0.0216%	1h	1,032	−0.112%	$542K	$1.1M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,033.2	+0.004%	$529K	$270K	15x	as long as short
GRVT MU_USDT_Perp	+0.0373%	8h	1,033.3	+0.015%	$81K	$1.4M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0399%	1h	1,032.5	−0.067%	$72K	$635K	10x	as long as short