Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0604%/8h= −66.1% APRpaid last 24h +0.016%

Price spread now: edgeX against ApeX Omni−0.036%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs+$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$430.434% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.647%+$65 on $10k

Price spread, last 4 days (all we have)+0.085%+$9 · spread now −0.036%, 7d avg −0.011%

Together, before fees+0.732%+ Points / potential airdropedgeX: Active · farm board+$73 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and edgeX is 0.026% cheaper against ApeX Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.011%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.647%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MUUSDT	1,050.8	0.0100	pay 0.0013% / 1h	49m 25s	$71K	$268K	50x
Short	edgeX MUUSDC	1,050.4	−0.0504	pay 0.0252% / 4h	1h 49m	$1.3M	$671K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against ApeX Omni. 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 ApeX OmnibpFee edgeXbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$126.8
Price spread: −0.036% → −0.011%: −$2.56
Slippage, 4 orders: −$24.36
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$172.72
Costs to cover: 0.434%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 13 min ago; edgeX: live order book, 4 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 ApeX Omni live order book, 13 min ago	6.23 bp	17.0 bp −$17	175.3 bp −$1,753	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	0.38 bp	5.0 bp −$5	7.1 bp −$71	28.3 bp −$2,831	doesn't fit

MU on 36 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 MUUSDCshort	−0.0504%	4h	1,050.4	−0.036%	$1.3M	$671K	10x
RISEx MU/USDC	0.0000%	1h	1,050.4	−0.036%	$333K	$349K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050	−0.075%	$62.1M	$27.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	−0.065%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052	+0.115%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.1	−0.069%	$129K	$427K	50x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,049.9	−0.087%	$3K	$44K	10x	as long as short
GRVT MU_USDT_Perp	+0.0024%	8h	1,050.8	−0.002%	$79K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0025%	8h	1,050.2	−0.062%	$19.1M	$32.4M	100x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.2	−0.059%	$7.2M	$18.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,050.1	−0.066%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.053%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.5	−0.128%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.2	−0.056%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAP	+0.0042%	8h	1,049.9	−0.084%	$31.0M	$100.1M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.8	+0.004%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.8	−0.095%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.2	−0.061%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.4	−0.131%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0059%	8h	1,050.4	−0.042%	$2K	—	5x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0093%	1h	1,050.3	−0.049%	$66K	$355K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.082%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,049.7	−0.107%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.9	−0.082%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDTlong	+0.0100%	1h	1,050.8	long leg	$71K	$268K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050	−0.078%	$835	$799	20x	as long as short
Lighter MU	+0.0104%	1h	1,050.2	−0.062%	$1.1M	$4.8M	20x	as long as short
Aster MUUSD1	+0.0110%	8h	1,050.2	−0.058%	$21.4M	$52.1M	20x	as long as short
Nado MU-PERP	+0.0110%	1h	1,049.7	−0.103%	$280K	$850K	10x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,050	−0.076%	$32K	$1K	10x	as long as short
tradeXYZ xyz:MU	+0.0130%	1h	1,049.7	−0.105%	$178.2M	$99.2M	10x	as long as short
Variational Omni MU	+0.0144%	8h	1,050.4	−0.034%	$2.7M	$2.3M	—	as long as short
Bullet MU-USD	+0.0158%	1h	1,050.1	−0.067%	$26K	$397K	10x	as long as short
Binance MUUSDT	+0.0165%	8h	1,050	−0.074%	$126.5M	$520.0M	50x	as long as short
Bitget MUUSDT	+0.0168%	8h	1,050.2	−0.057%	$20.6M	$41.2M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.2	−0.057%	$537K	$271K	15x	as long as short