MU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0060%/8h= +6.5% APRnext payment +$0.07 per $10,000 · paid last 24h −0.009%

Price spread now: ApeX Omni against Arcus−0.008%53s7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$520.524% of the position

Long on Arcus Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.065%−$6 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.008%, 7d avg +0.040%

Together, before fees−0.116%−$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.048% cheaper against Arcus than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.040%). If the spread goes back, that is −$5 on $10k: about 2.7 days of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour. The two prices were read 53 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	Arcus MU-USD	1,048.7	0.0040	pay 0.0005% / 1h	36m 00s	$71K	$237K	10x
Short	ApeX Omni MUUSDT	1,048.6	0.0100	get 0.0013% / 1h	36m 00s	$71K	$268K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Arcus. 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 ArcusbpFee ApeX OmnibpOrdersPrice spread, now −0.008%Rate

Funding earned: $12.54
Price spread: −0.008% → +0.040%: −$4.77
Slippage, 4 orders: −$37.95
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$44.68
Costs to cover: 0.524%
Break-even: 31.9 days

Slippage from Arcus: live order book, 32 min ago; ApeX Omni: live order book, 31 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 Arcus live order book, 32 min ago	3.66 bp	9.4 bp −$9	14.4 bp −$144	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 31 min ago	5.61 bp	17.0 bp −$17	194.7 bp −$1,947	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	−0.0949%	4h	1,048.4	−0.026%	$1.3M	$671K	10x	as long as short
Nado MU-PERP	−0.0007%	1h	1,048.4	−0.031%	$274K	$858K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,049.6	+0.082%	$19.2M	$32.6M	100x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.2	+0.051%	$62.1M	$27.6M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,048.7	+0.003%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,049.2	+0.048%	$26K	$395K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.2	+0.142%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049	+0.026%	$66K	$329K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.1	+0.034%	$129K	$430K	50x	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,048.6	−0.011%	$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
Lighter MU	+0.0032%	1h	1,049.2	+0.043%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.2	+0.043%	$1.1M	$4.1M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,048.6	−0.013%	$567K	$1.2M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,048.6	−0.015%	$7.5M	$20.1M	10x	as long as short
Arcus MU-USDlong	+0.0040%	1h	1,048.7	long leg	$71K	$237K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,049.8	+0.106%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049	+0.028%	$178.1M	$99.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.9	+0.018%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,048.9	+0.018%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.4	−0.030%	$1.9M	$2.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0068%	8h	1,048.7	−0.002%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0070%	8h	1,049.5	+0.072%	$30.8M	$100.7M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048.5	−0.020%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.1	+0.032%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDTshort	+0.0100%	1h	1,048.6	−0.008%	$71K	$268K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049	+0.026%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.253%	$19K	$5K	12x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,048.1	−0.060%	$759K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,048.9	+0.018%	$32K	$1K	10x	as long as short
GRVT MU_USDT_Perp	+0.0158%	8h	1,049	+0.024%	$81K	$1.3M	10x	as long as short
Aster MUUSD1	+0.0203%	8h	1,049.2	+0.044%	$21.6M	$50.1M	20x	as long as short
Variational Omni MU	+0.0204%	8h	1,049.1	+0.036%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0221%	8h	1,049.3	+0.056%	$126.9M	$524.9M	50x	as long as short
Bitget MUUSDT	+0.0278%	8h	1,049.4	+0.062%	$20.3M	$41.9M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,049.2	+0.047%	$537K	$273K	15x	as long as short
BloFin MU-USDT	+0.0368%	8h	1,049.8	+0.105%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,049.1	+0.034%	$333K	$348K	20x	as long as short