Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Gate against ApeX Omni−0.126%66s7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as 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−$630.627% of the position
Funding, last 7 days−0.185%−$18 on $10k
+Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.126%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.098% cheaper against ApeX Omni than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.028%). Swap the legs. The two prices were read 66 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 | 1,044.5 | 0.0100 | pay 0.0013% / 1h | 18m 18s | $71K | $269K | 50x |
| Short | Gate MU_USDT | 1,043.2 | 0 | get 0.0000% / 8h | 3h 18m | $61.9M | $27.9M | 75x |
ApeX Omni MUUSDT
Gate MU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.126% → −0.028%
- −$9.82
- Slippage, 4 orders
- −$37.72
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$93.54
- Costs to cover
- 0.627%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 34 min ago; Gate: live order book, 6 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, 34 min ago | 8.58 bp | 21.3 bp −$21 | 200.1 bp −$2,001 | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 0.81 bp | 10.5 bp −$11 | 16.7 bp −$167 | 32.4 bp −$3,237 | 61.4 bp −$30.7K |
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 | −0.0350% | 4h | 1,044.9 | +0.044% | $1.3M | $672K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,043.5 | −0.096% | $21.2M | $56.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,043.2 | −0.124% | $123.8M | $522.8M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,043.5 | −0.099% | $18.7M | $31.8M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,043.2 | −0.123% | $30.9M | $99.4M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,043.5 | −0.093% | $337K | $353K | 20x | as long as short |
| Gate MU_USDTshort | 0.0000% | 8h | 1,043.2 | −0.126% | $61.9M | $27.9M | 75x | |
| Bitget MUUSDT | 0.0000% | 8h | 1,043.5 | −0.096% | $20.4M | $41.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,045.1 | +0.055% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,044.9 | +0.042% | $79K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Bitget MUUSDT
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 | 1,043.7 | −0.071% | $189K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,045.7 | +0.112% | $11K | $5.8M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,043.2 | −0.123% | $73K | $480K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,043 | −0.138% | $130K | $435K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0023% | 1h | 1,044.1 | −0.036% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,043.3 | −0.117% | $7.0M | $18.0M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,043.4 | −0.107% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,043.4 | −0.100% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,042.6 | −0.177% | $548K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.659% | $19K | $5K | 12x | as long as short |
| Nado MU-PERP | +0.0035% | 1h | 1,043.3 | −0.115% | $280K | $828K | 10x | as long as short |
| Bullet MU-USD | +0.0039% | 1h | 1,043.3 | −0.111% | $26K | $392K | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,043.9 | −0.054% | $70K | $233K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,043.9 | −0.057% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,043 | −0.142% | $176.5M | $95.3M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,043 | −0.142% | $169K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,043.2 | −0.127% | $685K | $16K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0050% | 8h | 1,043.5 | −0.098% | $2K | — | 5x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,043.2 | −0.120% | $1.9M | $2.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,042.8 | −0.160% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,043.4 | −0.104% | $147K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,043.3 | −0.113% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDTlong | +0.0100% | 1h | 1,044.5 | long leg | $71K | $269K | 50x | |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,043.2 | −0.124% | $829 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,044.8 | +0.026% | $749K | $1.2M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,044.2 | −0.026% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,044.9 | +0.040% | $534K | $271K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Nado MU-PERP
Bullet MU-USD
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Paradex MU-USD-PERP
Ondo Perps MU-USD.P
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Phoenix MU