Funding you earn now, next payment 01:00 UTC+0.0451%/8h= +49.3% APRpaid last 24h +0.030%
Price spread now: ApeX Omni against SunX−0.185%47s7-day average −0.147% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$960.958% of the position
Funding, last 7 days+0.185%+$19 on $10k
+Price spread, last 3 days (all we have)+0.138%+$14 · spread now −0.185%, 7d avg −0.147%
=Funding pays, the price is against you. ApeX Omni is 0.038% cheaper against SunX than usual: you would sell low and buy high (spread −0.185% now, against its 7-day average of −0.147%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.185% in total) that is about 34 hours. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.185% in total (about 9.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX MU-USDT | 1,050.3 | 0 | get 0.0000% / 8h | 7h 53m | $11K | $6.4M | 10x |
| Short | ApeX Omni MUUSDT | 1,048.3 | 0.0451 | get 0.0056% / 1h | 53m 32s | $71K | $267K | 50x |
SunX MU-USDT
ApeX Omni MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $94.63
- Price spread: −0.185% → −0.147%
- −$3.78
- Slippage, 4 orders
- −$77.82
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$4.97
- Costs to cover
- 0.958%
- Break-even
- 7.4 days
Slippage from SunX: live order book, 5 min ago; ApeX Omni: live order book, 18 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 SunX live order book, 5 min ago | 21.54 bp | 25.5 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 18 min ago | 7.41 bp | 19.7 bp −$20 | 176.7 bp −$1,767 | 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 | −0.0946% | 4h | 1,047 | −0.316% | $1.3M | $671K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,048.2 | −0.197% | $63.1M | $28.3M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,047.7 | −0.249% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDTlong | 0.0000% | 8h | 1,050.3 | long leg | $11K | $6.4M | 10x | |
| HTX MU-USDT | 0.0000% | 8h | 1,048.3 | −0.192% | $130K | $418K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0023% | 1h | 1,046.2 | −0.386% | $3K | $44K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,048.2 | −0.197% | $1.2M | $4.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.042% | $14K | $251 | 12x | as long as short |
| Lighter MU | +0.0040% | 1h | 1,048.3 | −0.188% | $1.1M | $4.7M | 20x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,048.9 | −0.135% | — | $194K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Lighter MU
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,047.5 | −0.268% | $2.0M | $2.3M | 10x | as long as short |
| QFEX MU-USD | +0.0054% | 1h | 1,048.4 | −0.180% | $7.8M | $23.4M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0055% | 1h | 1,048.5 | −0.169% | $62K | $292K | 10x | as long as short |
| Nado MU-PERP | +0.0075% | 1h | 1,048.2 | −0.197% | $272K | $860K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0087% | 8h | 1,048.4 | −0.177% | $30.9M | $101.5M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,048.5 | −0.170% | $153K | $180K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,047.9 | −0.227% | $5.3M | $3.7M | 20x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,048.6 | −0.159% | $834 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0107% | 8h | 1,048.6 | −0.155% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,048.6 | −0.162% | $34K | — | 10x | as long as short |
| Bitget MUUSDT | +0.0160% | 8h | 1,048.3 | −0.190% | $20.6M | $41.5M | 50x | as long as short |
| Variational Omni MU | +0.0168% | 8h | 1,048.2 | −0.202% | $2.7M | $2.5M | — | as long as short |
| Aster MUUSD1 | +0.0180% | 8h | 1,047.8 | −0.231% | $21.6M | $47.8M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,046.7 | −0.344% | $759K | $1.3M | 10x | as long as short |
| Binance MUUSDT | +0.0187% | 8h | 1,048.4 | −0.181% | $125.3M | $524.7M | 50x | as long as short |
| GRVT MU_USDT_Perp | +0.0195% | 8h | 1,048 | −0.219% | $82K | $1.4M | 10x | as long as short |
| Arcus MU-USD | +0.0240% | 1h | 1,047.5 | −0.265% | $71K | $243K | 10x | as long as short |
| BloFin MU-USDT | +0.0303% | 8h | 1,048.4 | −0.177% | $1.5M | $2.0M | 20x | as long as short |
| Bybit MUUSDT | +0.0307% | 8h | 1,048.4 | −0.174% | $19.2M | $32.5M | 100x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,048.4 | −0.179% | $315K | $339K | 20x | as long as short |
| SoDEX MU-USD | +0.0418% | 1h | 1,048.4 | −0.178% | $688K | $16K | 10x | as long as short |
| ApeX Omni MUUSDTshort | +0.0451% | 1h | 1,048.3 | −0.185% | $71K | $267K | 50x | |
| Phoenix MU | +0.0460% | 1h | 1,048 | −0.216% | $536K | $306K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0616% | 1h | 1,047.7 | −0.241% | $550K | $1.0M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0781% | 1h | 1,048.4 | −0.178% | $170K | $202K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0990% | 1h | 1,048.5 | −0.169% | $177.7M | $100.4M | 10x | as long as short |
| Bullet MU-USD | +0.1027% | 1h | 1,048.7 | −0.149% | $26K | $394K | 10x | as long as short |
Ondo Perps MU-USD.P
QFEX MU-USD
Deribit MU_USDC-PERPETUAL
Nado MU-PERP
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
Aevo MU-PERP
Bitget MUUSDT
Variational Omni MU
Aster MUUSD1
Coinbase International MU-PERP-INTX
Binance MUUSDT
GRVT MU_USDT_Perp
Arcus MU-USD
BloFin MU-USDT
Bybit MUUSDT
RISEx MU/USDC
SoDEX MU-USD
Phoenix MU
Extended MU_24_5-USD
Polymarket Perps MU-USD
tradeXYZ xyz:MU
Bullet MU-USD