Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h 0.000%
Price spread now: Binance against ApeX Omni−0.200%89s7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.503% of the position
Funding, last 7 days−0.025%−$3 on $10k
+Price spread, last 4 days (all we have)+0.394%+$39 · spread now −0.200%, 7d avg −0.008%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.193% cheaper against ApeX Omni than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.008%). Swap the legs. The two prices were read 89 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 | ApeX Omni MUUSDT | 1,039.2 | 0.0100 | pay 0.0013% / 1h | 52m 01s | $70K | $269K | 50x |
| Short | Binance MUUSDT | 1,037.1 | 0 | get 0.0000% / 8h | 1h 52m | $121.6M | $536.9M | 50x |
ApeX Omni MUUSDT
Binance MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.200% → −0.008%
- −$19.27
- Slippage, 4 orders
- −$30.34
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$90.61
- Costs to cover
- 0.503%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 55 min ago; Binance: live order book, 7 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, 55 min ago | 7.68 bp | 19.7 bp −$20 | 186.9 bp −$1,869 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.05 bp | 5.8 bp −$6 | 7.0 bp −$70 | 18.1 bp −$1,805 | 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 | −0.0451% | 4h | 1,038.8 | −0.038% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDT | −0.0082% | 8h | 1,037.4 | −0.173% | $20.2M | $41.4M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,037.4 | −0.175% | $21.1M | $57.4M | 20x | as long as short |
| Binance MUUSDTshort | 0.0000% | 8h | 1,037.1 | −0.200% | $121.6M | $536.9M | 50x | |
| Bybit MUUSDT | 0.0000% | 8h | 1,037.1 | −0.198% | $18.6M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,037.3 | −0.186% | $29.9M | $101.4M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,037.6 | −0.154% | $315K | $384K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,036.9 | −0.223% | $61.4M | $28.3M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,038.8 | −0.042% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,038.9 | −0.032% | $84K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,037.4 | −0.168% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,038.2 | −0.096% | $11K | $5.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,036.8 | −0.227% | $128K | $441K | 50x | as long as short |
| Bullet MU-USD | +0.0007% | 1h | 1,037.4 | −0.171% | $26K | $390K | 10x | as long as short |
| Nado MU-PERP | +0.0018% | 1h | 1,037.2 | −0.193% | $276K | $816K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0019% | 1h | 1,038.5 | −0.065% | $3K | $44K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0020% | 1h | 1,037 | −0.211% | $74K | $543K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,037 | −0.216% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,036.4 | −0.266% | $544K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,037.5 | −0.159% | $7.0M | $18.4M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.171% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,038.5 | −0.069% | $70K | $230K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,037.5 | −0.165% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,036.6 | −0.249% | $176.2M | $89.2M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,037.1 | −0.201% | $168K | $196K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,037 | −0.208% | $681K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.5 | −0.167% | $1.8M | $2.6M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0053% | 8h | 1,037.7 | −0.146% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0056% | 1h | 1,037 | −0.207% | $1.1M | $4.9M | 20x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,036.7 | −0.242% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.6 | −0.156% | $147K | $190K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,036.7 | −0.240% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDTlong | +0.0100% | 1h | 1,039.2 | long leg | $70K | $269K | 50x | |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,036.9 | −0.217% | $824 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,037.6 | −0.155% | $732K | $1.3M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038.1 | −0.102% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,039.4 | +0.020% | $532K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Bullet MU-USD
Nado MU-PERP
Aftermath Perps MUUSD
Deribit MU_USDC-PERPETUAL
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Lighter MU
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Phoenix MU