MU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.017%

Price spread now: ApeX Omni against Deribit+0.034%46s7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$630.630% of the position

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.034%, 7d avg +0.024%

Together, before fees+0.064%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 46 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	Deribit MU_USDC-PERPETUAL	1,038.4	0	get 0.0000% / 1h	43m 22s	$34K	$726K	10x
Short	ApeX Omni MUUSDT	1,038.8	0.0100	get 0.0013% / 1h	43m 22s	$70K	$270K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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 DeribitbpFee ApeX OmnibpOrdersPrice spread, now +0.034%Rate

Funding earned: $21
Price spread: +0.034% → +0.024%: $0.92
Slippage, 4 orders: −$46.04
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$41.11
Costs to cover: 0.630%
Break-even: 20.7 days

Slippage from Deribit: live order book, 4 min ago; ApeX Omni: live order book, 2 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 Deribit live order book, 4 min ago	0.05 bp	14.5 bp −$15	22.0 bp −$220	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 2 min ago	8.85 bp	19.8 bp −$20	181.4 bp −$1,814	doesn't fit	doesn't fit

MU on 37 exchanges

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	−0.0853%	4h	1,038.8	+0.041%	$1.3M	$696K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,039.6	+0.111%	$21.2M	$73.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,039.5	+0.109%	$121.7M	$555.4M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,039.6	+0.113%	$29.7M	$107.6M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,039.3	+0.085%	$61.4M	$28.0M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,039.4	+0.098%	$19.8M	$43.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,039.1	+0.063%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,038.7	+0.026%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.8	+0.231%	$11K	$5.0M	10x	as long as short
Deribit MU_USDC-PERPETUALlong	0.0000%	1h	1,038.4	long leg	$34K	$726K	10x

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,038.9	+0.046%	$119K	$474K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,039.3	+0.086%	$1.2M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.247%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0035%	1h	1,039	+0.060%	$3K	$41K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040.2	+0.171%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,039.2	+0.076%	$169K	$171K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.9	+0.048%	$683K	$14K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.4	−0.097%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0058%	1h	1,039.1	+0.066%	$7.0M	$19.3M	10x	as long as short
Bybit MUUSDT	+0.0071%	8h	1,039.7	+0.119%	$18.8M	$32.3M	100x	as long as short
Paradex MU-USD-PERP	+0.0080%	8h	1,039.4	+0.091%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,039	+0.057%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.7	+0.029%	$151K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,039	+0.058%	$5.2M	$6.0M	20x	as long as short
ApeX Omni MUUSDTshort	+0.0100%	1h	1,038.8	+0.034%	$70K	$270K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,039.2	+0.077%	$826	$799	20x	as long as short
RISEx MU/USDC	+0.0118%	1h	1,039.6	+0.111%	$299K	$351K	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,039.2	+0.080%	$1.5M	$2.6M	20x	as long as short
Nado MU-PERP	+0.0125%	1h	1,038.8	+0.038%	$276K	$841K	10x	as long as short
Arcus MU-USD	+0.0139%	1h	1,038.8	+0.034%	$90K	$147K	10x	as long as short
Lighter MU	+0.0168%	1h	1,039.3	+0.088%	$1.0M	$5.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0192%	1h	1,038.5	+0.006%	$727K	$1.2M	10x	as long as short
Bullet MU-USD	+0.0210%	1h	1,039.6	+0.112%	$24K	$384K	10x	as long as short
GRVT MU_USDT_Perp	+0.0221%	8h	1,040.4	+0.195%	$73K	$1.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0240%	1h	1,039.3	+0.086%	$177.2M	$75.7M	10x	as long as short
Phoenix MU	+0.0308%	1h	1,040.4	+0.192%	$532K	$159K	15x	as long as short
Extended MU_24_5-USD	+0.0336%	1h	1,038.5	+0.013%	$551K	$1.1M	10x	as long as short