Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0268%/8h= −29.3% APRpaid last 24h −0.008%

Price spread now: Bitget against ApeX Omni−0.052%73s7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as 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−$530.533% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.052%, 7d avg +0.001%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bitget is 0.053% cheaper against ApeX Omni than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.001%). Swap the legs. The two prices were read 73 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 7 days it paid -0.019% in total (about -1.0% a year). A funding rate is set anew for every payment. 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	1,039.3	0.0100	pay 0.0013% / 1h	16m 18s	$70K	$270K	50x
Short	Bitget MUUSDT	1,038.8	−0.0168	pay 0.0168% / 8h	1h 16m	$20.2M	$40.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$56.28
Price spread: −0.052% → +0.001%: −$5.3
Slippage, 4 orders: −$31.3
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$114.89
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 26 min ago; Bitget: live order book, 3 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, 26 min ago	7.62 bp	18.5 bp −$19	178.7 bp −$1,787	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.34 bp	6.9 bp −$7	9.0 bp −$90	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	−0.0529%	4h	1,038.7	−0.056%	$1.3M	$673K	10x	as long as short
Bitget MUUSDTshort	−0.0168%	8h	1,038.8	−0.052%	$20.2M	$40.4M	50x
Nado MU-PERP	−0.0010%	1h	1,038.7	−0.061%	$279K	$814K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.9	−0.038%	$21.1M	$60.8M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.5	−0.074%	$122.0M	$538.7M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.5	−0.077%	$18.7M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.5	−0.077%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.7	−0.056%	$313K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.5	−0.078%	$61.6M	$28.7M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,039.2	−0.006%	$2.5M	$2.6M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MU_USDT_Perp	0.0000%	8h	1,038.8	−0.047%	$84K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,039.4	+0.008%	$188K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,038.5	−0.072%	$26K	$390K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.9	+0.059%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.3	−0.099%	$74K	$572K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.1	−0.111%	$128K	$442K	50x	as long as short
Aftermath Perps MUUSD	+0.0013%	1h	1,038.8	−0.048%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,038.6	−0.063%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.5	−0.078%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,038.2	−0.106%	$537K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,038.6	−0.063%	$7.0M	$18.7M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.161%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,038.4	−0.087%	$90K	$250K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,039	−0.025%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.3	−0.095%	$176.4M	$86.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.3	−0.095%	$169K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.5	−0.078%	$682K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,038.1	−0.117%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,039	−0.027%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.1	−0.112%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.6	−0.069%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.2	−0.102%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDTlong	+0.0100%	1h	1,039.3	long leg	$70K	$270K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.4	−0.082%	$826	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.315%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,039.1	−0.018%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,039.4	+0.011%	$532K	$270K	15x	as long as short