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

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment $0.13 per $10,000 · paid last 24h +0.042%
Price spread now: RISEx against ApeX Omni−0.021%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$450.453% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.026%−$3 on $10k
Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.021%, 7d avg +0.010%
Together, before fees+0.035%+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and RISEx is 0.030% 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 +0.010%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni MUUSDT1,052.70.0100pay 0.0013% / 1h33m 02s$71K$268K50x
ShortRISEx MU/USDC1,052.50get 0.0000% / 1h33m 02s$334K$348K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
−$21
Price spread: −0.021% → +0.010%
−$3.03
Slippage, 4 orders
−$29.34
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$69.37
Costs to cover
0.453%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 24 min ago; RISEx: live order book, 25 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 ApeX Omni live order book, 24 min ago7.55 bp18.5 bp −$18167.7 bp −$1,677doesn't fitdoesn't fit
Sell RISEx live order book, 25 min ago0.76 bp3.8 bp −$44.5 bp −$45doesn'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−0.0164%4h1,052.3−0.046%$1.3M$672K10xas long as short
OKX MU-USDT-SWAP0.0000%8h1,052.5−0.026%$31.2M$99.7M50xas long as short
RISEx MU/USDCshort0.0000%1h1,052.5−0.021%$334K$348K20x
Gate MU_USDT0.0000%8h1,052.3−0.042%$62.3M$27.5M75xas long as short
GRVT MU_USDT_Perp0.0000%8h1,052.5−0.026%$82K$1.3M10xas long as short
StandX MU-USD0.0000%1h1,051.7−0.096%$190K$3.4M20xas long as short
SunX MU-USDT0.0000%8h1,054.3+0.148%$11K$5.8M10xas long as short
Deribit MU_USDC-PERPETUAL0.0000%1h1,052−0.066%$69K$424K10xas long as short
HTX MU-USDT0.0000%8h1,052.3−0.044%$131K$436K50xas long as short
Aster MUUSD1+0.0003%8h1,052.2−0.052%$21.4M$55.0M20xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps MUUSD+0.0019%1h1,052.2−0.047%$3K$45K10xas long as short
Bybit MUUSDT+0.0025%8h1,052.8+0.001%$19.1M$32.3M100xas long as short
Variational Omni MU+0.0032%8h1,052.2−0.048%$2.7M$2.4Mas long as short
Lighter RH MU+0.0032%1h1,052.3−0.038%$1.3M$4.4M10xas long as short
Extended MU_24_5-USD+0.0032%1h1,051.8−0.092%$564K$1.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4−0.131%$19K$5K12xas long as short
QFEX MU-USD+0.0034%1h1,052.3−0.046%$7.2M$17.9M10xas long as short
Arcus MU-USD+0.0040%1h1,052−0.068%$71K$234K10xas long as short
Bullet MU-USD+0.0044%1h1,052.6−0.013%$25K$397K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,053.5+0.070%$176K25xas long as short
Nado MU-PERP+0.0048%1h1,051.9−0.076%$282K$842K10xas long as short
Polymarket Perps MU-USD+0.0050%1h1,052.2−0.051%$171K$202K10xas long as short
SoDEX MU-USD+0.0050%1h1,052.3−0.040%$691K$16K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,051.4−0.124%$1.9M$2.2M10xas long as short
Paradex MU-USD-PERP+0.0052%8h1,052.5−0.022%$2K5xas long as short
Lighter MU+0.0056%1h1,052.4−0.030%$1.1M$5.1M20xas long as short
Binance MUUSDT+0.0066%8h1,052.5−0.027%$126.8M$517.2M50xas long as short
tradeXYZ xyz:MU+0.0078%1h1,052.2−0.051%$178.9M$99.0M10xas long as short
Coinbase International MU-PERP-INTX+0.0080%1h1,052.1−0.058%$758K$1.2M10xas long as short
Aevo MU-PERP+0.0096%1h1,052−0.069%$32K$1K10xas long as short
Pacifica MU+0.0100%1h1,052.2−0.053%$148K$185K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,052.2−0.052%$5.3M$3.4M20xas long as short
ApeX Omni MUUSDTlong+0.0100%1h1,052.7long leg$71K$268K50x
Orderly PERP_MU_USDC_mythos+0.0100%8h1,052.4−0.033%$837$79920xas long as short
Bitget MUUSDT+0.0110%8h1,052.4−0.030%$20.5M$41.1M50xas long as short
BloFin MU-USDT+0.0186%8h1,052.6−0.018%$1.5M$2.0M20xas long as short
Phoenix MU+0.0304%1h1,052.3−0.042%$538K$271K15xas long as short