Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Gate against ApeX Omni+0.034%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$580.583% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$18 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.034%, 7d avg −0.027%

Together, before fees−0.143%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.061% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.027%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MUUSDT	1,038	0.0100	pay 0.0013% / 1h	9m 33s	$70K	$269K	50x
Short	Gate MU_USDT	1,038.3	0	get 0.0000% / 8h	9m 33s	$61.6M	$28.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.034%Rate

Funding earned: −$21
Price spread: +0.034% → −0.027%: $6.12
Slippage, 4 orders: −$33.26
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$73.14
Costs to cover: 0.583%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 28 min ago; Gate: 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, 28 min ago	6.31 bp	18.4 bp −$18	182.2 bp −$1,822	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.01 bp	11.3 bp −$11	15.4 bp −$154	34.8 bp −$3,485	62.3 bp −$31.1K

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	−0.0764%	4h	1,037.8	−0.018%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0149%	8h	1,038.7	+0.066%	$20.2M	$39.9M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.7	+0.071%	$21.2M	$67.1M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.5	+0.048%	$122.3M	$537.1M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.5	+0.049%	$18.8M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.3	+0.028%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.6	+0.057%	$313K	$384K	20x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,038.3	+0.034%	$61.6M	$28.4M	75x
Variational Omni MU	0.0000%	8h	1,037.8	−0.022%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.9	−0.006%	$71K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,038.4	+0.038%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.1	+0.207%	$11K	$5.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.3	+0.032%	$74K	$617K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.4	+0.043%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0007%	1h	1,038.6	+0.060%	$25K	$388K	10x	as long as short
Nado MU-PERP	+0.0014%	1h	1,038.1	+0.016%	$280K	$804K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,038.2	+0.021%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038.4	+0.040%	$7.0M	$18.7M	10x	as long as short
Lighter MU	+0.0032%	1h	1,038.5	+0.048%	$1.0M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.4	+0.041%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.9	−0.004%	$545K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.289%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.8	−0.022%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.6	+0.063%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.4	+0.040%	$176.4M	$80.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.2	+0.021%	$168K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.1	+0.015%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.8	−0.014%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,038.4	+0.042%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.1	+0.009%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.3	+0.035%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.1	+0.013%	$145K	$191K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.2	+0.022%	$5.2M	$4.1M	20x	as long as short
ApeX Omni MUUSDTlong	+0.0100%	1h	1,038	long leg	$70K	$269K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.5	+0.053%	$826	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038	−0.003%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.9	+0.089%	$531K	$270K	15x	as long as short