Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: HTX against ApeX Omni+0.033%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

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

costs, in and out, $10k−$530.532% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$18 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.033%, 7d avg −0.003%

Together, before fees−0.238%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.037% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.003%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MUUSDT	1,049.7	0.0100	pay 0.0013% / 1h	24m 47s	$71K	$268K	50x
Short	HTX MU-USDT	1,050.1	0	get 0.0000% / 8h	5h 24m	$129K	$429K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$21
Price spread: +0.033% → −0.003%: $3.66
Slippage, 4 orders: −$31.24
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$70.59
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 37 min ago; HTX: live order book, 39 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, 37 min ago	6.23 bp	17.0 bp −$17	175.3 bp −$1,753	doesn't fit	doesn't fit
Sell HTX live order book, 39 min ago	3.43 bp	9.7 bp −$10	10.1 bp −$101	20.6 bp −$2,057	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	−0.0861%	4h	1,049.9	+0.017%	$1.3M	$671K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.6	+0.085%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.3	+0.057%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.2	+0.047%	$62.1M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.2	+0.045%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	+0.030%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052	+0.214%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050	+0.020%	$67K	$377K	10x	as long as short
HTX MU-USDTshort	0.0000%	8h	1,050.1	+0.033%	$129K	$429K	50x
Aftermath Perps MUUSD	+0.0020%	1h	1,050	+0.028%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MU-USDT-SWAP	+0.0021%	8h	1,050.6	+0.082%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.1	+0.035%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.2	+0.048%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.154%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.6	−0.010%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050	+0.029%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.2	+0.134%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,050.5	+0.072%	$1.1M	$5.0M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.9	+0.015%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.1	+0.037%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.8	+0.009%	$1.9M	$2.3M	10x	as long as short
Nado MU-PERP	+0.0052%	1h	1,050	+0.029%	$282K	$848K	10x	as long as short
Paradex MU-USD-PERP	+0.0056%	8h	1,050.3	+0.055%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0057%	1h	1,050.2	+0.044%	$178.1M	$98.9M	10x	as long as short
Aster MUUSD1	+0.0060%	8h	1,050.4	+0.060%	$21.4M	$52.9M	20x	as long as short
Bullet MU-USD	+0.0067%	1h	1,050.3	+0.053%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	+0.019%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.4	+0.068%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.1	+0.034%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDTlong	+0.0100%	1h	1,049.7	long leg	$71K	$268K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.2	+0.045%	$835	$799	20x	as long as short
Variational Omni MU	+0.0101%	8h	1,050.2	+0.041%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERP	+0.0112%	1h	1,049.8	+0.006%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0119%	8h	1,050.4	+0.061%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDT	+0.0127%	8h	1,050.4	+0.066%	$126.5M	$518.8M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.4	+0.063%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0248%	8h	1,050.3	+0.054%	$1.5M	$2.0M	20x	as long as short