Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.009%

Price spread now: ApeX Omni against Paradex−0.081%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. ApeX Omni is 0.081% cheaper against Paradex than usual: you would sell low and buy high (spread −0.081% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 12 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MU-USD-PERP	1,037.6	0.0078	pay 0.0078% / 8h	4h 47m	$2K	—	5x
Short	ApeX Omni MUUSDT	1,036.7	0.0100	get 0.0013% / 1h	47m 13s	$70K	$270K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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 ParadexbpFee ApeX OmnibpOrdersPrice spread, now −0.081%Rate

Funding earned: $4.59
Price spread: −0.081% → 0.000%: −$8.14
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$17.55
Costs to cover: 0.140%
Break-even: 33.8 days

Slippage unknown: Paradex: no order-book sample; ApeX Omni: live order book, 58 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 58 min ago	8.85 bp	19.8 bp −$20	181.4 bp −$1,814	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0719%	4h	1,037	−0.058%	$1.3M	$696K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,037.7	+0.013%	$21.2M	$73.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.2	−0.039%	$121.8M	$555.2M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.5	−0.107%	$29.9M	$106.9M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.8	+0.016%	$61.3M	$27.5M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,036.6	−0.093%	$19.8M	$43.9M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,038.2	+0.061%	$2.6M	$2.5M	—	as long as short
StandX MU-USD	0.0000%	1h	1,037.1	−0.046%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040	+0.234%	$11K	$4.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,036.8	−0.080%	$119K	$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	1,036.8	−0.075%	$1.1M	$4.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.328%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0039%	1h	1,038.1	+0.051%	$3K	$41K	10x	as long as short
RISEx MU/USDC	+0.0045%	1h	1,037.9	+0.033%	$298K	$333K	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.5	+0.088%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.9	+0.030%	$169K	$163K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,037.1	−0.047%	$682K	$14K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,036.6	−0.100%	$1.9M	$3.2M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0059%	1h	1,036.9	−0.064%	$32K	$736K	10x	as long as short
QFEX MU-USD	+0.0059%	1h	1,037.6	+0.001%	$7.0M	$19.4M	10x	as long as short
Paradex MU-USD-PERPlong	+0.0078%	8h	1,037.6	long leg	$2K	—	5x
Aevo MU-PERP	+0.0080%	1h	1,035.7	−0.179%	$32K	$1K	10x	as long as short
Bybit MUUSDT	+0.0084%	8h	1,036.9	−0.062%	$18.8M	$32.3M	100x	as long as short
Pacifica MU	+0.0100%	1h	1,037.7	+0.012%	$151K	$222K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.3	−0.028%	$5.2M	$6.6M	20x	as long as short
ApeX Omni MUUSDTshort	+0.0100%	1h	1,036.7	−0.081%	$70K	$270K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.3	−0.030%	$825	$799	20x	as long as short
Lighter MU	+0.0120%	1h	1,036.9	−0.062%	$1.0M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.9	−0.062%	$1.5M	$2.7M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0136%	1h	1,036.8	−0.079%	$727K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0144%	8h	1,037.2	−0.034%	$80K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0147%	1h	1,036.7	−0.084%	$273K	$835K	10x	as long as short
Arcus MU-USD	+0.0186%	1h	1,037.4	−0.016%	$90K	$160K	10x	as long as short
Extended MU_24_5-USD	+0.0224%	1h	1,037	−0.054%	$552K	$1.1M	10x	as long as short
tradeXYZ xyz:MU	+0.0261%	1h	1,037.8	+0.021%	$177.3M	$74.8M	10x	as long as short
Bullet MU-USD	+0.0261%	1h	1,038.3	+0.069%	$25K	$383K	10x	as long as short
Phoenix MU	+0.0461%	1h	1,037.9	+0.030%	$531K	$159K	15x	as long as short