Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h +0.011%
Price spread now: tradeXYZ against ApeX Omni+0.021%7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$540.541% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.021%, 7d avg −0.050%
=Together, before fees−0.034%+ Points / potential airdroptradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.071% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.050%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MUUSDT | 1,038 | 0.0100 | pay 0.0013% / 1h | 6m 55s | $70K | $269K | 50x |
| Short | tradeXYZ xyz:MU | 1,038.2 | 0.0050 | get 0.0006% / 1h | 6m 55s | $176.4M | $80.2M | 10x |
ApeX Omni MUUSDT
tradeXYZ xyz:MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.5
- Price spread: +0.021% → −0.050%
- $7.09
- Slippage, 4 orders
- −$26.13
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$57.54
- Costs to cover
- 0.541%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 30 min ago; tradeXYZ: live order book, 3 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 | 6.31 bp | 18.4 bp −$18 | 182.2 bp −$1,822 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 0.48 bp | 9.5 bp −$9 | 10.9 bp −$109 | 16.4 bp −$1,639 | 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 | −0.0764% | 4h | 1,037.8 | −0.018% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDT | −0.0143% | 8h | 1,038.5 | +0.054% | $20.2M | $39.9M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,038.4 | +0.043% | $21.2M | $67.4M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.4 | +0.036% | $122.5M | $536.9M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,038.4 | +0.039% | $18.8M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,038.1 | +0.011% | $29.8M | $100.1M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,038.3 | +0.034% | $313K | $384K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.1 | +0.011% | $61.5M | $28.4M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,037.8 | −0.022% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,037.9 | −0.006% | $71K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,038.2 | +0.025% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039.9 | +0.183% | $11K | $5.5M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,038.2 | +0.025% | $126K | $481K | 50x | as long as short |
| Bullet MU-USD | +0.0007% | 1h | 1,038.3 | +0.031% | $25K | $388K | 10x | as long as short |
| Nado MU-PERP | +0.0016% | 1h | 1,037.8 | −0.019% | $280K | $804K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0019% | 1h | 1,038.4 | +0.040% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0021% | 1h | 1,038.1 | +0.012% | $7.0M | $18.7M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,038.2 | +0.019% | $1.0M | $4.9M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,038.1 | +0.009% | $1.1M | $4.5M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,037.7 | −0.026% | $547K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.289% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.8 | −0.018% | $90K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,038.4 | +0.039% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MUshort | +0.0050% | 1h | 1,038.2 | +0.021% | $176.4M | $80.2M | 10x | |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.2 | +0.021% | $168K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,038.3 | +0.026% | $681K | $15K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0050% | 8h | 1,038.1 | +0.007% | $2K | — | 5x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.8 | −0.014% | $1.8M | $2.7M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0068% | 1h | 1,038.1 | +0.010% | $74K | $620K | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,038 | +0.001% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,038.3 | +0.035% | $726K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.8 | −0.021% | $144K | $191K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038 | +0.001% | $5.2M | $4.1M | 20x | as long as short |
| ApeX Omni MUUSDTlong | +0.0100% | 1h | 1,038 | long leg | $70K | $269K | 50x | |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.3 | +0.027% | $825 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038.3 | +0.035% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0232% | 1h | 1,038.7 | +0.069% | $531K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Bullet MU-USD
Nado MU-PERP
Aftermath Perps MUUSD
QFEX MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Paradex MU-USD-PERP
Ondo Perps MU-USD.P
Deribit MU_USDC-PERPETUAL
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU