MU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0137%/8h= −14.9% APRnext payment −$0.17 per $10,000 · paid last 24h −0.001%

Price spread now: ApeX Omni against Bullet+0.044%66s7-day average −0.009% · you sell dearer than you buy

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−$570.569% of the position

Long on Bullet Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.057%−$6 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.044%, 7d avg −0.009%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.053% dearer against Bullet than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.009%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 4 days (−0.057% in total) that is about 3.4 days. The two prices were read 66 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	Bullet MU-USD	1,040.6	0.0237	pay 0.0030% / 1h	5m 44s	$26K	$384K	10x
Short	ApeX Omni MUUSDT	1,041.1	0.0100	get 0.0013% / 1h	5m 44s	$71K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bullet. 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 BulletbpFee ApeX OmnibpOrdersPrice spread, now +0.044%Rate

Funding earned: −$28.67
Price spread: +0.044% → −0.009%: $5.27
Slippage, 4 orders: −$38.88
Fee Bullet: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$80.28
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from Bullet: live order book, 41 min ago; ApeX Omni: live order book, 39 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 Bullet live order book, 41 min ago	1.92 bp	8.3 bp −$8	20.4 bp −$204	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 39 min ago	8.85 bp	19.8 bp −$20	181.4 bp −$1,814	doesn't fit	doesn't fit

MU on 37 exchanges

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	−0.0365%	4h	1,040.3	−0.027%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,040.9	+0.028%	$21.2M	$73.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,040.6	−0.004%	$122.2M	$555.3M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,040.4	−0.017%	$29.8M	$107.2M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,040.3	−0.026%	$61.5M	$28.3M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,040.5	−0.007%	$19.8M	$43.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,040	−0.058%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,039.7	−0.092%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,041.9	+0.120%	$11K	$5.0M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,040.3	−0.026%	$120K	$473K	50x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,040.3	−0.034%	$1.1M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.033%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0037%	1h	1,040.2	−0.036%	$3K	$41K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,041.4	+0.079%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040	−0.058%	$170K	$163K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.5	−0.015%	$684K	$14K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,039.2	−0.133%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0058%	1h	1,040.1	−0.051%	$7.0M	$19.4M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,039.9	−0.065%	$32K	$1K	10x	as long as short
Paradex MU-USD-PERP	+0.0081%	8h	1,040.1	−0.050%	$2K	—	5x	as long as short
Bybit MUUSDT	+0.0099%	8h	1,040.8	+0.019%	$18.9M	$32.3M	100x	as long as short
Pacifica MU	+0.0100%	1h	1,040.3	−0.033%	$152K	$228K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,040	−0.060%	$5.2M	$6.3M	20x	as long as short
ApeX Omni MUUSDTshort	+0.0100%	1h	1,041.1	+0.044%	$71K	$269K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.4	−0.022%	$827	$799	20x	as long as short
RISEx MU/USDC	+0.0118%	1h	1,040.4	−0.016%	$299K	$335K	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.5	−0.006%	$1.5M	$2.7M	20x	as long as short
Arcus MU-USD	+0.0139%	1h	1,039.9	−0.069%	$90K	$160K	10x	as long as short
Nado MU-PERP	+0.0143%	1h	1,039.7	−0.083%	$276K	$835K	10x	as long as short
GRVT MU_USDT_Perp	+0.0152%	8h	1,040.8	+0.022%	$73K	$1.4M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0164%	1h	1,039.9	−0.073%	$33K	$729K	10x	as long as short
Lighter MU	+0.0176%	1h	1,040.4	−0.023%	$1.0M	$5.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0192%	1h	1,037.9	−0.262%	$727K	$1.2M	10x	as long as short
tradeXYZ xyz:MU	+0.0233%	1h	1,040.4	−0.020%	$177.9M	$75.0M	10x	as long as short
Bullet MU-USDlong	+0.0237%	1h	1,040.6	long leg	$26K	$384K	10x
Extended MU_24_5-USD	+0.0296%	1h	1,039.5	−0.106%	$546K	$1.1M	10x	as long as short
Phoenix MU	+0.0308%	1h	1,040.4	−0.020%	$532K	$159K	15x	as long as short