Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.005%

Price spread now: Paradex against ApeX Omni+0.055%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.055% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MUUSDT	1,037.6	0.0100	pay 0.0013% / 1h	24m 59s	$70K	$270K	50x
Short	Paradex MU-USD-PERP	1,038.2	0.0052	get 0.0052% / 8h	1h 24m	$2K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$10.14
Price spread: +0.055% → 0.000%: $5.48
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$18.66
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 17 min ago; Paradex: no order-book sample. 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 ApeX Omni live order book, 17 min ago	7.62 bp	18.5 bp −$19	178.7 bp −$1,787	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0957%	4h	1,037.7	+0.009%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0207%	8h	1,038.2	+0.058%	$20.2M	$40.3M	50x	as long as short
Nado MU-PERP	−0.0002%	1h	1,038.1	+0.053%	$279K	$815K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.3	+0.064%	$21.1M	$59.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.9	+0.028%	$121.7M	$537.7M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.1	+0.047%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038	+0.040%	$29.9M	$100.0M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038	+0.038%	$313K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.9	+0.030%	$61.6M	$28.6M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,038.1	+0.049%	$2.5M	$2.6M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MU_USDT_Perp	0.0000%	8h	1,037.9	+0.031%	$83K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,037.9	+0.026%	$188K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,038.1	+0.043%	$25K	$389K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.3	+0.160%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,037.9	+0.032%	$74K	$566K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037.7	+0.008%	$128K	$441K	50x	as long as short
Aftermath Perps MUUSD	+0.0013%	1h	1,037.1	−0.048%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,038	+0.042%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.8	+0.020%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.5	−0.006%	$537K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,037.9	+0.025%	$7.0M	$18.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.326%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.4	−0.021%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.1	+0.044%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.8	+0.019%	$176.3M	$88.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.7	+0.010%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,037.8	+0.020%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,036.8	−0.078%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERPshort	+0.0052%	8h	1,038.2	+0.055%	$2K	—	5x
Aevo MU-PERP	+0.0080%	1h	1,037.4	−0.017%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.8	+0.020%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.6	+0.001%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDTlong	+0.0100%	1h	1,037.6	long leg	$70K	$270K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.9	+0.027%	$825	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.152%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,037.9	+0.031%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,037.8	+0.019%	$531K	$270K	15x	as long as short