Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0183%/8h= −20.0% APRpaid last 24h +0.016%

Price spread now: edgeX against ApeX Omni+0.020%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs+$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$430.433% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.647%+$65 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.020%, 7d avg −0.010%

Together, before fees+0.683%+ Points / potential airdropedgeX: Active · farm board+$68 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.030% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.010%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.647%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MUUSDT	1,051.8	0.0100	pay 0.0013% / 1h	6m 32s	$71K	$269K	50x
Short	edgeX MUUSDC	1,052	−0.0083	pay 0.0041% / 4h	1h 06m	$1.3M	$671K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$38.35
Price spread: +0.020% → −0.010%: $3.01
Slippage, 4 orders: −$24.29
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$78.62
Costs to cover: 0.433%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 55 min ago; edgeX: 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, 55 min ago	6.23 bp	17.0 bp −$17	175.3 bp −$1,753	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	0.28 bp	4.9 bp −$5	6.8 bp −$68	29.9 bp −$2,989	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 MUUSDCshort	−0.0083%	4h	1,052	+0.020%	$1.3M	$671K	10x
RISEx MU/USDC	0.0000%	1h	1,052.5	+0.068%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.3	+0.043%	$62.0M	$27.6M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.3	+0.047%	$78K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,052	+0.016%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.3	+0.234%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052	+0.018%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0009%	8h	1,052.6	+0.074%	$19.2M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	+0.0017%	8h	1,052.5	+0.060%	$31.1M	$100.0M	50x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,051.9	+0.009%	$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
QFEX MU-USD	+0.0030%	1h	1,052.2	+0.032%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.2	+0.031%	$1.3M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.045%	$19K	$5K	12x	as long as short
Aster MUUSD1	+0.0038%	8h	1,052.3	+0.048%	$21.4M	$54.8M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.8	+0.001%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.3	+0.143%	—	$175K	25x	as long as short
Nado MU-PERP	+0.0048%	1h	1,051.9	+0.005%	$282K	$844K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.1	+0.026%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.4	+0.053%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.5	−0.029%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,052.5	+0.064%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.2	+0.039%	$1.1M	$5.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0063%	1h	1,052	+0.016%	$178.5M	$98.9M	10x	as long as short
Bullet MU-USD	+0.0065%	1h	1,052.4	+0.050%	$26K	$398K	10x	as long as short
Extended MU_24_5-USD	+0.0072%	1h	1,051.6	−0.018%	$564K	$1.1M	10x	as long as short
Variational Omni MU	+0.0081%	8h	1,051.9	+0.007%	$2.7M	$2.4M	—	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,051.9	+0.010%	$758K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.5	+0.060%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052	+0.019%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDTlong	+0.0100%	1h	1,051.8	long leg	$71K	$269K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.3	+0.044%	$837	$799	20x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,052.1	+0.022%	$32K	$1K	10x	as long as short
Binance MUUSDT	+0.0105%	8h	1,052.3	+0.043%	$126.7M	$518.0M	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0111%	1h	1,052.3	+0.044%	$69K	$389K	10x	as long as short
Bitget MUUSDT	+0.0133%	8h	1,052.3	+0.048%	$20.6M	$41.0M	50x	as long as short
BloFin MU-USDT	+0.0227%	8h	1,052.2	+0.034%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0229%	1h	1,052.7	+0.083%	$538K	$271K	15x	as long as short