MU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.011%

Price spread now: ApeX Omni against Deribit+0.041%74s7-day average +0.023% · 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−$600.602% of the position

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.022%+$2 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now +0.041%, 7d avg +0.023%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 74 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	Deribit MU_USDC-PERPETUAL	1,048	0	get 0.0000% / 1h	40m 16s	$65K	$326K	10x
Short	ApeX Omni MUUSDT	1,048.5	0.0100	get 0.0013% / 1h	40m 16s	$71K	$268K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now +0.041%Rate

Funding earned: $21
Price spread: +0.041% → +0.023%: $1.77
Slippage, 4 orders: −$43.22
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$37.45
Costs to cover: 0.602%
Break-even: 19.5 days

Slippage from Deribit: live order book, 28 min ago; ApeX Omni: live order book, 27 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 Deribit live order book, 28 min ago	3.09 bp	12.8 bp −$13	14.8 bp −$148	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 27 min ago	5.61 bp	17.0 bp −$17	194.7 bp −$1,947	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
edgeX MUUSDC	−0.0658%	4h	1,049.1	+0.101%	$1.3M	$670K	10x	as long as short
Nado MU-PERP	−0.0003%	1h	1,048.7	+0.059%	$273K	$858K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,048.5	+0.040%	$62.1M	$27.6M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,048.9	+0.085%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,048.6	+0.053%	$26K	$396K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,049.4	+0.131%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUALlong	0.0000%	1h	1,048	long leg	$65K	$326K	10x
HTX MU-USDT	0.0000%	8h	1,048.6	+0.053%	$129K	$429K	50x	as long as short
Bybit MUUSDT	+0.0018%	8h	1,048.8	+0.073%	$19.2M	$32.6M	100x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,048.9	+0.081%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,048.4	+0.037%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,048.4	+0.038%	$1.1M	$4.1M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,048.1	+0.009%	$559K	$1.2M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,048.7	+0.060%	$7.5M	$20.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049	+0.088%	$71K	$242K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,049.7	+0.157%	—	$176K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.4	+0.034%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,048.5	+0.041%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.2	+0.010%	$1.9M	$2.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0062%	1h	1,048.4	+0.034%	$178.0M	$100.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0070%	8h	1,048.9	+0.084%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0076%	8h	1,048.6	+0.049%	$30.8M	$100.6M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048.7	+0.063%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,048.5	+0.045%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDTshort	+0.0100%	1h	1,048.5	+0.041%	$71K	$268K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.5	+0.043%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.317%	$19K	$5K	12x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,048.1	+0.004%	$759K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,048.2	+0.014%	$32K	$1K	10x	as long as short
Aster MUUSD1	+0.0215%	8h	1,049	+0.093%	$21.6M	$49.8M	20x	as long as short
Variational Omni MU	+0.0219%	8h	1,049	+0.096%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0229%	8h	1,048.6	+0.049%	$126.3M	$524.7M	50x	as long as short
GRVT MU_USDT_Perp	+0.0233%	8h	1,049.7	+0.163%	$81K	$1.3M	10x	as long as short
Phoenix MU	+0.0304%	1h	1,049.3	+0.120%	$537K	$273K	15x	as long as short
Bitget MUUSDT	+0.0306%	8h	1,048.6	+0.057%	$20.3M	$41.9M	50x	as long as short
BloFin MU-USDT	+0.0368%	8h	1,049.8	+0.169%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,048.7	+0.064%	$333K	$348K	20x	as long as short