Funding you earn now, next payment 06:00 UTC+0.0259%/8h= +28.4% APRpaid last 24h +0.008%
Price spread now: ApeX Omni against Bitget−0.312%103s7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as 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−$540.541% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.311%+$31 · spread now −0.312%, 7d avg −0.002%
=Funding pays, the price is against you. ApeX Omni is 0.311% cheaper against Bitget than usual: you would sell low and buy high (spread −0.312% now, against its 7-day average of −0.002%). If the spread goes back, that is −$31 on $10k: about 4.0 days of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.019% in total) that is about 4 months. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MUUSDT | 1,040.4 | −0.0159 | get 0.0159% / 8h | 2h 11m | $20.3M | $41.2M | 50x |
| Short | ApeX Omni MUUSDT | 1,037.1 | 0.0100 | get 0.0013% / 1h | 11m 52s | $70K | $269K | 50x |
Bitget MUUSDT
ApeX Omni MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bitget. 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
- $54.39
- Price spread: −0.312% → −0.002%
- −$31.08
- Slippage, 4 orders
- −$32.13
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$30.82
- Costs to cover
- 0.541%
- Break-even
- 11.0 days
Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 35 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 Bitget live order book, 2 min ago | 0.05 bp | 7.7 bp −$8 | 11.6 bp −$116 | 19.4 bp −$1,939 | doesn't fit |
| Sell ApeX Omni live order book, 35 min ago | 7.68 bp | 19.7 bp −$20 | 184.9 bp −$1,849 | 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 MUUSDTlong | −0.0159% | 8h | 1,040.4 | long leg | $20.3M | $41.2M | 50x | |
| edgeX MUUSDC | −0.0146% | 4h | 1,036.6 | −0.359% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,040.5 | +0.015% | $21.2M | $57.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,040.5 | +0.012% | $122.1M | $535.0M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,040.6 | +0.018% | $18.7M | $32.1M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,040.3 | −0.004% | $30.0M | $101.4M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,039.6 | −0.073% | $316K | $382K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,040.3 | −0.005% | $61.6M | $28.5M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,036.4 | −0.382% | $2.5M | $2.5M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,037.3 | −0.291% | $84K | $1.4M | 10x | as long as short |
edgeX MUUSDC
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 | 1,038.1 | −0.216% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,040.8 | +0.037% | $11K | $5.7M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,039.7 | −0.065% | $127K | $449K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0015% | 1h | 1,037.4 | −0.287% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0023% | 1h | 1,039.6 | −0.075% | $7.0M | $18.2M | 10x | as long as short |
| Nado MU-PERP | +0.0023% | 1h | 1,039.4 | −0.090% | $277K | $817K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,040.1 | −0.028% | $1.2M | $4.6M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,039.7 | −0.061% | $538K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.056% | $19K | $5K | 12x | as long as short |
| Bullet MU-USD | +0.0037% | 1h | 1,039.9 | −0.043% | $26K | $389K | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.8 | −0.244% | $70K | $231K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,039.6 | −0.072% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,040 | −0.036% | $176.9M | $92.0M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,039.6 | −0.074% | $169K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,039.4 | −0.090% | $682K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.1 | −0.319% | $1.9M | $2.5M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0054% | 8h | 1,039.7 | −0.067% | $2K | — | 5x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0077% | 1h | 1,039.9 | −0.044% | $74K | $527K | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,039.6 | −0.078% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,039.3 | −0.102% | $147K | $189K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,040.1 | −0.026% | $5.2M | $3.8M | 20x | as long as short |
| ApeX Omni MUUSDTshort | +0.0100% | 1h | 1,037.1 | −0.312% | $70K | $269K | 50x | |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,039.2 | −0.111% | $826 | $799 | 20x | as long as short |
| Lighter MU | +0.0112% | 1h | 1,040.3 | −0.012% | $1.0M | $5.0M | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,039 | −0.134% | $1.5M | $2.0M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0144% | 1h | 1,036 | −0.423% | $731K | $1.3M | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,039 | −0.132% | $531K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Nado MU-PERP
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Bullet MU-USD
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Deribit MU_USDC-PERPETUAL
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
Lighter MU
BloFin MU-USDT
Coinbase International MU-PERP-INTX
Phoenix MU