Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.022%
Price spread now: OKX against ApeX Omni−0.069%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$460.458% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.069%, 7d avg −0.004%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.065% cheaper against ApeX Omni than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MUUSDT | 1,028.9 | 0.0100 | pay 0.0013% / 1h | 35m 00s | $70K | $270K | 50x |
| Short | OKX MU-USDT-SWAP | 1,028.2 | 0 | get 0.0000% / 8h | 7h 35m | $29.4M | $101.2M | 50x |
ApeX Omni MUUSDT
OKX MU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.069% → −0.004%
- −$6.5
- Slippage, 4 orders
- −$25.83
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$73.33
- Costs to cover
- 0.458%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 62 min ago; OKX: live order book, 4 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, 62 min ago | 6.31 bp | 18.4 bp −$18 | 182.2 bp −$1,822 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.05 bp | 5.1 bp −$5 | 7.6 bp −$76 | 19.4 bp −$1,940 | 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 | −0.0646% | 4h | 1,029.1 | +0.026% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0057% | 8h | 1,028.4 | −0.049% | $19.8M | $40.3M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,028.7 | −0.017% | $21.0M | $68.9M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,028.4 | −0.042% | $121.2M | $543.9M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,028.5 | −0.039% | $18.6M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAPshort | 0.0000% | 8h | 1,028.2 | −0.069% | $29.4M | $101.2M | 50x | |
| RISEx MU/USDC | 0.0000% | 1h | 1,028.5 | −0.032% | $309K | $375K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,028 | −0.080% | $61.9M | $28.0M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,028.1 | −0.076% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,029 | +0.010% | $72K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
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 | 1,028.5 | −0.037% | $186K | $3.6M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,029.3 | +0.045% | $11K | $5.4M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,028.4 | −0.046% | $120K | $489K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0026% | 1h | 1,028.8 | −0.006% | $3K | $43K | 10x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,028.3 | −0.055% | $6.9M | $18.8M | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,028.1 | −0.073% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,027.4 | −0.146% | $540K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +2.187% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,028 | −0.083% | $89K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,027.9 | −0.090% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,027.4 | −0.142% | $166K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,028.2 | −0.065% | $675K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,028 | −0.082% | $1.9M | $2.9M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0057% | 8h | 1,028.1 | −0.074% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0064% | 1h | 1,028.2 | −0.060% | $982K | $4.9M | 20x | as long as short |
| Nado MU-PERP | +0.0075% | 1h | 1,027.6 | −0.120% | $262K | $811K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0078% | 1h | 1,028 | −0.084% | $173.9M | $79.5M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,027.9 | −0.093% | $32K | $1K | 10x | as long as short |
| Bullet MU-USD | +0.0093% | 1h | 1,028.5 | −0.035% | $25K | $388K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,029.2 | +0.033% | $719K | $1.1M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,028.1 | −0.071% | $146K | $194K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,027.9 | −0.089% | $5.1M | $4.5M | 20x | as long as short |
| ApeX Omni MUUSDTlong | +0.0100% | 1h | 1,028.9 | long leg | $70K | $270K | 50x | |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,028.4 | −0.048% | $818 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,028.5 | −0.037% | $1.5M | $2.2M | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0168% | 1h | 1,028.1 | −0.070% | $72K | $629K | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,029.5 | +0.062% | $527K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Lighter MU
Nado MU-PERP
tradeXYZ xyz:MU
Aevo MU-PERP
Bullet MU-USD
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Deribit MU_USDC-PERPETUAL
Phoenix MU