MU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0029%/8h= +3.1% APRnext payment +$0.04 per $10,000 · paid last 24h −0.019%

Price spread now: ApeX Omni against tradeXYZ−0.084%105s7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as 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−$570.575% of the position

Long on tradeXYZ Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.084%, 7d avg +0.050%

Together, before fees+0.109%+ Points / potential airdroptradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.133% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of +0.050%). If the spread goes back, that is −$13 on $10k: about 15 days of funding at the current rate (+$1 a day). The two prices were read 105 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	tradeXYZ xyz:MU	1,051.9	0.0071	pay 0.0009% / 1h	11m 46s	$178.8M	$99.0M	10x
Short	ApeX Omni MUUSDT	1,051	0.0100	get 0.0013% / 1h	11m 46s	$71K	$268K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against tradeXYZ. 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 tradeXYZbpFee ApeX OmnibpOrdersPrice spread, now −0.084%Rate

Funding earned: $6.03
Price spread: −0.084% → +0.050%: −$13.33
Slippage, 4 orders: −$29.47
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$64.78
Costs to cover: 0.575%
Break-even: 82.3 days

Slippage from tradeXYZ: live order book, 7 min ago; ApeX Omni: live order book, 45 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 tradeXYZ live order book, 7 min ago	0.47 bp	10.2 bp −$10	12.3 bp −$123	18.2 bp −$1,818	doesn't fit
Sell ApeX Omni live order book, 45 min ago	7.55 bp	19.4 bp −$19	189.5 bp −$1,895	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	−0.0084%	4h	1,051.4	−0.044%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,052.5	+0.056%	$21.4M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.1	+0.014%	$31.2M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052	+0.013%	$341K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052	+0.010%	$62.3M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,051.7	−0.021%	$81K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.5	−0.039%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.1	+0.022%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,051.6	−0.027%	$72K	$443K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.5	−0.037%	$131K	$434K	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MU	+0.0003%	8h	1,051.8	−0.012%	$2.7M	$2.4M	—	as long as short
Bybit MUUSDT	+0.0021%	8h	1,052.1	+0.019%	$19.1M	$32.3M	100x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,051.9	−0.003%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,052	+0.011%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.6	−0.033%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.051%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,051.7	−0.021%	$7.1M	$17.8M	10x	as long as short
Binance MUUSDT	+0.0039%	8h	1,052.2	+0.027%	$126.6M	$516.5M	50x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.6	−0.030%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053	+0.108%	—	$176K	25x	as long as short
Nado MU-PERP	+0.0047%	1h	1,051.5	−0.038%	$282K	$836K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.7	−0.019%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,051.9	−0.002%	$690K	$16K	10x	as long as short
Bullet MU-USD	+0.0050%	1h	1,052	+0.010%	$26K	$395K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051	−0.082%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,051.9	+0.003%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.1	+0.014%	$1.1M	$5.1M	20x	as long as short
Bitget MUUSDT	+0.0069%	8h	1,052.1	+0.022%	$20.5M	$41.1M	50x	as long as short
tradeXYZ xyz:MUlong	+0.0071%	1h	1,051.9	long leg	$178.8M	$99.0M	10x
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.9	+0.094%	$759K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0088%	1h	1,051.5	−0.038%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.8	−0.009%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.9	−0.001%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDTshort	+0.0100%	1h	1,051	−0.084%	$71K	$268K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.9	0.000%	$836	$799	20x	as long as short
BloFin MU-USDT	+0.0161%	8h	1,051.9	−0.002%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.5	+0.057%	$538K	$271K	15x	as long as short