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

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.027%
Price spread now: ApeX Omni against StandX+0.056%61s7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$540.537% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.210%+$21 on $10k
Price spread, last 3 days (all we have)+0.017%+$2 · spread now +0.056%, 7d avg +0.013%
Together, before fees+0.227%+ Points / potential airdropStandX: Active · farm board+$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.044% dearer against StandX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.013%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX MU-USD1,045.30get 0.0000% / 1h18m 01s$189K$3.3M20x
ShortApeX Omni MUUSDT1,045.80.0100get 0.0013% / 1h18m 01s$71K$266K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against StandX. 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
$21
Price spread: +0.056% → +0.013%
$4.39
Slippage, 4 orders
−$35.67
Fee StandX: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$28.27
Costs to cover
0.537%
Break-even
16.4 days
Slippage from StandX: live order book, 1 min ago; ApeX Omni: live order book, 59 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 StandX live order book, 1 min ago2.68 bp9.0 bp −$915.1 bp −$151doesn't fitdoesn't fit
Sell ApeX Omni live order book, 59 min ago7.38 bp18.3 bp −$18192.0 bp −$1,920doesn'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−0.0889%4h1,045.4+0.011%$1.3M$673K10xas long as short
Gate MU_USDT0.0000%8h1,045.9+0.064%$63.0M$29.1M75xas long as short
StandX MU-USDlong0.0000%1h1,045.3long leg$189K$3.3M20x
SunX MU-USDT0.0000%8h1,047.9+0.255%$12K$6.5M10xas long as short
HTX MU-USDT0.0000%8h1,045.7+0.047%$129K$456K50xas long as short
Aftermath Perps MUUSD+0.0029%1h1,045.2−0.009%$3K$45K10xas long as short
Lighter RH MU+0.0032%1h1,046+0.071%$1.2M$4.3M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,050.7+0.522%$14K$30212xas long as short
Vest MU-USD-PERP+0.0046%1h1,046.3+0.099%$194K25xas long as short
Polymarket Perps MU-USD+0.0050%1h1,045.8+0.053%$169K$193K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX MU-USD+0.0050%1h1,046+0.075%$686K$16K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,045−0.026%$2.0M$2.7M10xas long as short
Lighter MU+0.0072%1h1,046+0.075%$1.0M$4.9M20xas long as short
OKX MU-USDT-SWAP+0.0072%8h1,046+0.073%$30.8M$105.0M50xas long as short
QFEX MU-USD+0.0080%1h1,046+0.073%$7.9M$23.9M10xas long as short
Pacifica MU+0.0100%1h1,045.6+0.032%$153K$183K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,045.7+0.043%$5.2M$3.9M20xas long as short
ApeX Omni MUUSDTshort+0.0100%1h1,045.8+0.056%$71K$266K50x
Orderly PERP_MU_USDC_mythos+0.0100%8h1,046.1+0.081%$832$79920xas long as short
Paradex MU-USD-PERP+0.0110%8h1,046.1+0.082%$2K5xas long as short
Bullet MU-USD+0.0112%1h1,046.1+0.083%$25K$395K10xas long as short
Bitget MUUSDT+0.0118%8h1,046.1+0.084%$20.5M$43.5M50xas long as short
Aevo MU-PERP+0.0128%1h1,045.9+0.063%$33K10xas long as short
Nado MU-PERP+0.0159%1h1,045.6+0.037%$271K$876K10xas long as short
Deribit MU_USDC-PERPETUAL+0.0161%1h1,046+0.068%$62K$279K10xas long as short
Aster MUUSD1+0.0164%8h1,046.4+0.113%$21.5M$47.3M20xas long as short
Variational Omni MU+0.0178%8h1,045.7+0.042%$2.7M$2.5Mas long as short
Binance MUUSDT+0.0190%8h1,046.1+0.084%$124.4M$532.6M50xas long as short
tradeXYZ xyz:MU+0.0193%1h1,045.8+0.053%$176.7M$104.6M10xas long as short
GRVT MU_USDT_Perp+0.0220%8h1,045.5+0.027%$82K$1.4M10xas long as short
Coinbase International MU-PERP-INTX+0.0224%1h1,044.9−0.032%$757K$1.3M10xas long as short
Bybit MUUSDT+0.0266%8h1,046.2+0.090%$19.2M$32.4M100xas long as short
BloFin MU-USDT+0.0309%8h1,046.1+0.084%$1.5M$2.0M20xas long as short
Extended MU_24_5-USD+0.0376%1h1,045.3+0.005%$541K$1.1M10xas long as short
Phoenix MU+0.0460%1h1,045.6+0.033%$535K$306K15xas long as short
Arcus MU-USD+0.0462%1h1,046+0.074%$71K$244K10xas long as short
RISEx MU/USDC+0.0525%1h1,046.3+0.098%$317K$339K20xas long as short