Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Gate−0.064%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$640.644% of the position

Long on Gate Short on ApeX Omni

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)+0.062%+$6 · spread now −0.064%, 7d avg +0.025%

Together, before fees+0.247%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.089% cheaper against Gate than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of +0.025%). If the spread goes back, that is −$9 on $10k: about 3.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,038.4	0	get 0.0000% / 8h	5h 27m	$61.3M	$28.1M	75x
Short	ApeX Omni MUUSDT	1,037.7	0.0100	get 0.0013% / 1h	27m 05s	$70K	$270K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.064%Rate

Funding earned: $21
Price spread: −0.064% → +0.025%: −$8.9
Slippage, 4 orders: −$39.44
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$52.34
Costs to cover: 0.644%
Break-even: 24.4 days

Slippage from Gate: live order book, 5 min ago; ApeX Omni: live order book, 18 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 Gate live order book, 5 min ago	0.82 bp	10.2 bp −$10	17.4 bp −$174	41.0 bp −$4,102	76.2 bp −$38.1K
Sell ApeX Omni live order book, 18 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	−0.0362%	4h	1,038.6	+0.015%	$1.3M	$694K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.6	+0.021%	$21.2M	$73.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.8	+0.037%	$121.8M	$555.7M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.6	+0.017%	$29.7M	$106.9M	50x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,038.4	long leg	$61.3M	$28.1M	75x
Bitget MUUSDT	0.0000%	8h	1,038.7	+0.025%	$19.8M	$43.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,038.4	+0.005%	$2.6M	$2.5M	—	as long as short
StandX MU-USD	0.0000%	1h	1,038	−0.042%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.3	+0.185%	$11K	$5.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,037.8	−0.060%	$33K	$733K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,038.3	−0.008%	$119K	$473K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.3	−0.007%	$1.1M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.249%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0036%	1h	1,038.3	−0.005%	$3K	$41K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,039.5	+0.111%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.4	+0.001%	$169K	$167K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.5	+0.008%	$683K	$14K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.9	−0.046%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0058%	1h	1,038.6	+0.018%	$7.0M	$19.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0075%	8h	1,038.5	+0.015%	$2K	—	5x	as long as short
Bybit MUUSDT	+0.0076%	8h	1,038.8	+0.035%	$18.9M	$32.4M	100x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.1	−0.024%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.2	−0.018%	$151K	$228K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.2	−0.020%	$5.2M	$6.2M	20x	as long as short
ApeX Omni MUUSDTshort	+0.0100%	1h	1,037.7	−0.064%	$70K	$270K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.2	−0.018%	$825	$799	20x	as long as short
GRVT MU_USDT_Perp	+0.0116%	8h	1,038.7	+0.026%	$84K	$1.4M	10x	as long as short
RISEx MU/USDC	+0.0118%	1h	1,038.7	+0.028%	$299K	$339K	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.7	+0.030%	$1.5M	$2.6M	20x	as long as short
Nado MU-PERP	+0.0131%	1h	1,038	−0.036%	$276K	$839K	10x	as long as short
Arcus MU-USD	+0.0139%	1h	1,038	−0.036%	$90K	$140K	10x	as long as short
Lighter MU	+0.0160%	1h	1,038.4	+0.003%	$1.0M	$5.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0192%	1h	1,037.9	−0.049%	$727K	$1.2M	10x	as long as short
tradeXYZ xyz:MU	+0.0220%	1h	1,038.3	−0.009%	$177.2M	$75.5M	10x	as long as short
Bullet MU-USD	+0.0222%	1h	1,038.8	+0.039%	$25K	$383K	10x	as long as short
Extended MU_24_5-USD	+0.0240%	1h	1,037.6	−0.076%	$546K	$1.1M	10x	as long as short
Phoenix MU	+0.0308%	1h	1,038.6	+0.020%	$532K	$159K	15x	as long as short