Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.035%
Price spread now: ApeX Omni against BloFin+0.007%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$530.534% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.219%−$22 on $10k
Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.007%, 7d avg −0.009%
Together, before fees−0.170%−$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MU-USDT1,040.70.0120pay 0.0120% / 8h2h 08m$1.4M$2.1M20x
ShortApeX Omni MUUSDT1,040.80.0100get 0.0013% / 1h8m 41s$71K$269K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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

Funding earned
−$4.2
Price spread: +0.007% → −0.009%
$1.62
Slippage, 4 orders
−$31.39
Fee BloFin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$55.97
Costs to cover
0.534%
Break-even
never at this rate
Slippage from BloFin: live order book, 4 min ago; ApeX Omni: live order book, 38 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 4 min ago0.48 bp7.6 bp −$88.4 bp −$8414.8 bp −$1,477doesn't fit
Sell ApeX Omni live order book, 38 min ago7.68 bp19.7 bp −$20184.9 bp −$1,849doesn't fitdoesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0827%4h1,040.2−0.048%$1.3M$671K10xas long as short
Bitget MUUSDT−0.0128%8h1,041.1+0.038%$20.3M$41.2M50xas long as short
Aster MUUSD10.0000%8h1,041.3+0.056%$21.2M$57.2M20xas long as short
Binance MUUSDT0.0000%8h1,041+0.031%$122.2M$536.2M50xas long as short
Bybit MUUSDT0.0000%8h1,041.2+0.052%$18.7M$32.2M100xas long as short
OKX MU-USDT-SWAP0.0000%8h1,040.9+0.025%$30.0M$101.6M50xas long as short
RISEx MU/USDC0.0000%1h1,041.4+0.070%$316K$382K20xas long as short
Gate MU_USDT0.0000%8h1,040.8+0.009%$61.6M$28.6M75xas long as short
Variational Omni MU0.0000%8h1,040.3−0.036%$2.5M$2.5Mas long as short
GRVT MU_USDT_Perp0.0000%8h1,040.7+0.006%$84K$1.4M10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX MU-USD0.0000%1h1,040.6−0.004%$188K$3.5M20xas long as short
SunX MU-USDT0.0000%8h1,042.5+0.174%$11K$5.7M10xas long as short
Deribit MU_USDC-PERPETUAL0.0000%1h1,040.9+0.016%$74K$530K10xas long as short
HTX MU-USDT0.0000%8h1,040.5−0.013%$127K$438K50xas long as short
Aftermath Perps MUUSD+0.0015%1h1,038.7−0.195%$3K$44K10xas long as short
Nado MU-PERP+0.0022%1h1,041.3+0.057%$278K$816K10xas long as short
QFEX MU-USD+0.0023%1h1,041+0.035%$7.0M$18.3M10xas long as short
Lighter RH MU+0.0032%1h1,041+0.028%$1.2M$4.6M10xas long as short
Extended MU_24_5-USD+0.0032%1h1,040.8+0.014%$541K$1.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4+1.026%$19K$5K12xas long as short
Bullet MU-USD+0.0037%1h1,041.4+0.069%$26K$389K10xas long as short
Arcus MU-USD+0.0040%1h1,039.8−0.089%$70K$231K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,041.4+0.066%$175K25xas long as short
tradeXYZ xyz:MU+0.0050%1h1,040.7+0.002%$177.0M$90.7M10xas long as short
Polymarket Perps MU-USD+0.0050%1h1,041+0.031%$169K$203K10xas long as short
SoDEX MU-USD+0.0050%1h1,040.8+0.007%$683K$15K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,040.5−0.022%$1.9M$2.5M10xas long as short
Paradex MU-USD-PERP+0.0054%8h1,041.1+0.044%$2K5xas long as short
Aevo MU-PERP+0.0080%1h1,040.6−0.006%$32K$1K10xas long as short
Pacifica MU+0.0100%1h1,040.9+0.022%$148K$189K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,040.8+0.009%$5.2M$3.8M20xas long as short
ApeX Omni MUUSDTshort+0.0100%1h1,040.8+0.007%$71K$269K50x
Orderly PERP_MU_USDC_mythos+0.0100%8h1,040.9+0.017%$827$79920xas long as short
Lighter MU+0.0104%1h1,041.2+0.048%$1.0M$5.0M20xas long as short
BloFin MU-USDTlong+0.0120%8h1,040.7long leg$1.4M$2.1M20x
Coinbase International MU-PERP-INTX+0.0144%1h1,036−0.453%$731K$1.3M10xas long as short
Phoenix MU+0.0231%1h1,041+0.031%$532K$270K15xas long as short