Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0797%/8h= −87.2% APRpaid last 24h −0.015%

Price spread now: edgeX against ApeX Omni+0.002%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs+$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.658%+$66 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.002%, 7d avg −0.011%

Together, before fees+0.666%+ Points / potential airdropedgeX: Active · farm board+$67 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.658%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MUUSDT	1,047.5	0.0100	pay 0.0013% / 1h	41m 30s	$71K	$269K	50x
Short	edgeX MUUSDC	1,047.6	−0.0697	pay 0.0348% / 4h	3h 41m	$1.3M	$671K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$167.29
Price spread: +0.002% → −0.011%: $1.21
Slippage, 4 orders: −$32.07
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$217.15
Costs to cover: 0.511%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 11 min ago; edgeX: live order book, 2 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, 11 min ago	8.58 bp	21.3 bp −$21	200.1 bp −$2,001	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	0.67 bp	5.3 bp −$5	7.1 bp −$71	28.7 bp −$2,871	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 MUUSDCshort	−0.0697%	4h	1,047.6	+0.002%	$1.3M	$671K	10x
Aster MUUSD1	0.0000%	8h	1,047.3	−0.023%	$21.3M	$56.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,047.2	−0.028%	$125.3M	$518.0M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,047.5	−0.003%	$19.0M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,047.3	−0.026%	$31.1M	$99.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,047.2	−0.033%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,047.2	−0.034%	$62.2M	$27.7M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,047.4	−0.011%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,048.6	+0.098%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,048.5	+0.090%	$82K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,047.6	+0.005%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.5	+0.095%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,047.6	+0.007%	$130K	$431K	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,047.6	+0.005%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,047.3	−0.027%	$7.1M	$17.9M	10x	as long as short
Lighter MU	+0.0032%	1h	1,047.5	−0.004%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,047.2	−0.032%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,046.6	−0.094%	$550K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.365%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,047.6	+0.010%	$71K	$233K	10x	as long as short
BloFin MU-USDT	+0.0041%	8h	1,047.6	+0.003%	$1.5M	$2.0M	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,048.2	+0.064%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,046.9	−0.061%	$177.4M	$97.5M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,047	−0.052%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,047.8	+0.024%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047	−0.053%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,047.3	−0.024%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0053%	1h	1,047	−0.048%	$281K	$828K	10x	as long as short
Bullet MU-USD	+0.0065%	1h	1,047.3	−0.023%	$26K	$395K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0065%	1h	1,047.9	+0.035%	$73K	$465K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,047.5	−0.001%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,047.5	−0.002%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,047	−0.048%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDTlong	+0.0100%	1h	1,047.5	long leg	$71K	$269K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,047	−0.053%	$832	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.238%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,048.1	+0.053%	$536K	$271K	15x	as long as short