Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Orderly+0.078%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.078% dearer against Orderly than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MU_USDC_mythos	1,050	0.0100	pay 0.0100% / 8h	5h 49m	$835	$799	20x
Short	ApeX Omni MUUSDT	1,050.8	0.0100	get 0.0013% / 1h	49m 06s	$71K	$268K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → 0.000%: $7.81
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$8.19
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 13 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 13 min ago	6.23 bp	16.4 bp −$16	189.4 bp −$1,894	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 MUUSDC	−0.0504%	4h	1,050.4	+0.042%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.4	+0.042%	$333K	$349K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.9	−0.011%	$62.1M	$27.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	+0.013%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.7	+0.168%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.7	−0.027%	$129K	$427K	50x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,049.9	−0.008%	$3K	$44K	10x	as long as short
GRVT MU_USDT_Perp	+0.0024%	8h	1,050.8	+0.076%	$79K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0025%	8h	1,050.4	+0.036%	$19.2M	$32.4M	100x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.2	+0.019%	$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	1,049.9	−0.011%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.131%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.6	−0.035%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.2	+0.022%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAP	+0.0042%	8h	1,050.1	+0.013%	$31.0M	$100.1M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.8	+0.082%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.8	−0.017%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.9	−0.010%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.4	−0.053%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0059%	8h	1,050.4	+0.036%	$2K	—	5x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.004%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,049.7	−0.029%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.1	+0.009%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDTshort	+0.0100%	1h	1,050.8	+0.078%	$71K	$268K	50x
Orderly PERP_MU_USDC_mythoslong	+0.0100%	8h	1,050	long leg	$835	$799	20x
Lighter MU	+0.0104%	1h	1,049.9	−0.010%	$1.1M	$4.8M	20x	as long as short
Aster MUUSD1	+0.0110%	8h	1,050.2	+0.020%	$21.4M	$52.1M	20x	as long as short
Nado MU-PERP	+0.0110%	1h	1,049.7	−0.025%	$280K	$850K	10x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,049.6	−0.035%	$32K	$1K	10x	as long as short
tradeXYZ xyz:MU	+0.0127%	1h	1,049.7	−0.027%	$178.2M	$99.2M	10x	as long as short
Variational Omni MU	+0.0144%	8h	1,050.4	+0.044%	$2.7M	$2.3M	—	as long as short
Bullet MU-USD	+0.0158%	1h	1,050.1	+0.011%	$26K	$397K	10x	as long as short
Binance MUUSDT	+0.0165%	8h	1,050.1	+0.012%	$126.5M	$520.0M	50x	as long as short
Bitget MUUSDT	+0.0168%	8h	1,050.1	+0.010%	$20.6M	$41.2M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.2	+0.021%	$537K	$271K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0265%	1h	1,050	+0.004%	$66K	$355K	10x	as long as short