MU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.015%

Price spread now: SoDEX against ApeX Omni−0.047%46s7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$630.632% of the position

Long on ApeX Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.047%, 7d avg −0.020%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.027% cheaper against ApeX Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.020%). Swap the legs. The two prices were read 46 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	1,041.8	0.0100	pay 0.0013% / 1h	5m 31s	$71K	$269K	50x
Short	SoDEX MU-USD	1,041.4	0.0050	get 0.0006% / 1h	5m 31s	$683K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$10.5
Price spread: −0.047% → −0.020%: −$2.71
Slippage, 4 orders: −$45.2
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$76.41
Costs to cover: 0.632%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 42 min ago; SoDEX: live order book, 43 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, 42 min ago	7.68 bp	19.7 bp −$20	186.9 bp −$1,869	doesn't fit	doesn't fit
Sell SoDEX live order book, 43 min ago	0.05 bp	12.0 bp −$12	41.4 bp −$414	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
Bitget MUUSDT	−0.0100%	8h	1,041.1	−0.069%	$20.3M	$41.2M	50x	as long as short
edgeX MUUSDC	−0.0061%	4h	1,041.4	−0.045%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,041.5	−0.037%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,041.2	−0.060%	$122.2M	$536.3M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,041.5	−0.036%	$18.7M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,041.2	−0.065%	$30.0M	$101.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,041.3	−0.050%	$316K	$382K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,041.2	−0.059%	$61.7M	$28.6M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,041.3	−0.048%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,041.6	−0.027%	$84K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,041.7	−0.010%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042.9	+0.103%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,041.4	−0.043%	$74K	$534K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,041.2	−0.060%	$128K	$442K	50x	as long as short
Aftermath Perps MUUSD	+0.0016%	1h	1,040.2	−0.160%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0021%	1h	1,041.1	−0.076%	$278K	$816K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,040.9	−0.088%	$7.0M	$18.3M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,041	−0.080%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,040.7	−0.111%	$544K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.914%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0036%	1h	1,041.3	−0.054%	$26K	$390K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,040.5	−0.129%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,041.6	−0.023%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,041	−0.081%	$177.1M	$90.8M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040.9	−0.090%	$169K	$203K	10x	as long as short
SoDEX MU-USDshort	+0.0050%	1h	1,041.4	−0.047%	$683K	$15K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,040.7	−0.106%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,041.1	−0.073%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,041	−0.076%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,041.3	−0.049%	$148K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,041	−0.077%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDTlong	+0.0100%	1h	1,041.8	long leg	$71K	$269K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,041.4	−0.038%	$828	$799	20x	as long as short
Lighter MU	+0.0104%	1h	1,041.2	−0.060%	$1.1M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,041.3	−0.049%	$1.4M	$2.1M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.563%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,041.2	−0.061%	$533K	$270K	15x	as long as short