MU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0278%/8h= −30.4% APRnext payment −$0.35 per $10,000 · paid last 24h +0.006%

Price spread now: Arcus against ApeX Omni+0.109%113s7-day average −0.041% · 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−$510.510% of the position

Long on ApeX Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.063%+$6 on $10k

Price spread, last 3 days (all we have)−0.114%−$11 · spread now +0.109%, 7d avg −0.041%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.149% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of −0.041%): +$15 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 43 hours. Mind the row above: over the last 3 days funding on this pair paid +0.063%, so the current rate has only just turned against you. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.063% in total (about 6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MUUSDT	1,049.3	0.0518	pay 0.0065% / 1h	47m 35s	$71K	$267K	50x
Short	Arcus MU-USD	1,050.5	0.0240	get 0.0030% / 1h	47m 35s	$71K	$242K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$58.34
Price spread: +0.109% → −0.041%: $14.93
Slippage, 4 orders: −$36.55
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$94.45
Costs to cover: 0.510%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 24 min ago; Arcus: live order book, 26 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, 24 min ago	7.41 bp	17.9 bp −$18	186.7 bp −$1,867	doesn't fit	doesn't fit
Sell Arcus live order book, 26 min ago	2.49 bp	7.6 bp −$8	9.3 bp −$93	doesn't fit	doesn't fit

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	−0.0892%	4h	1,050.2	+0.089%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.9	+0.337%	$63.1M	$28.5M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049	−0.034%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.4	+0.484%	$11K	$6.3M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.6	+0.315%	$130K	$426K	50x	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,048.8	−0.044%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,053	+0.354%	$1.1M	$4.7M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.9	+0.339%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.133%	$14K	$251	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.3	+0.287%	—	$195K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,052.2	+0.272%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,053	+0.353%	$7.8M	$23.2M	10x	as long as short
Nado MU-PERP	+0.0060%	1h	1,051.6	+0.221%	$274K	$862K	10x	as long as short
OKX MU-USDT-SWAP	+0.0094%	8h	1,053	+0.351%	$30.9M	$102.4M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,053	+0.350%	$153K	$177K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.2	+0.277%	$5.3M	$3.7M	20x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.3	+0.283%	$837	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0102%	8h	1,053.2	+0.373%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,052.8	+0.333%	$32K	$1K	10x	as long as short
Bybit MUUSDT	+0.0135%	8h	1,053.3	+0.379%	$19.2M	$32.6M	100x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0168%	1h	1,053.4	+0.391%	$63K	$294K	10x	as long as short
Variational Omni MU	+0.0177%	8h	1,049.9	+0.058%	$2.7M	$2.4M	—	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,052.2	+0.272%	$762K	$1.3M	10x	as long as short
Aster MUUSD1	+0.0199%	8h	1,051.6	+0.218%	$21.6M	$47.8M	20x	as long as short
Binance MUUSDT	+0.0206%	8h	1,053.1	+0.359%	$126.2M	$527.2M	50x	as long as short
Arcus MU-USDshort	+0.0240%	1h	1,050.5	+0.109%	$71K	$242K	10x
Bitget MUUSDT	+0.0241%	8h	1,052.8	+0.334%	$20.7M	$41.7M	50x	as long as short
Polymarket Perps MU-USD	+0.0276%	1h	1,052	+0.256%	$170K	$202K	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,053	+0.348%	$317K	$339K	20x	as long as short
BloFin MU-USDT	+0.0315%	8h	1,050.8	+0.140%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0383%	1h	1,050.3	+0.094%	$537K	$306K	15x	as long as short
SoDEX MU-USD	+0.0421%	1h	1,051.6	+0.216%	$690K	$16K	10x	as long as short
Bullet MU-USD	+0.0510%	1h	1,052.7	+0.321%	$27K	$394K	10x	as long as short
tradeXYZ xyz:MU	+0.0511%	1h	1,052.9	+0.342%	$178.6M	$101.5M	10x	as long as short
ApeX Omni MUUSDTlong	+0.0518%	1h	1,049.3	long leg	$71K	$267K	50x
GRVT MU_USDT_Perp	+0.0533%	8h	1,048.8	−0.052%	$83K	$1.4M	10x	as long as short
Extended MU_24_5-USD	+0.0536%	1h	1,052.3	+0.288%	$551K	$1.1M	10x	as long as short