Funding you earn now, next payment 10:00 UTC−0.0109%/8h= −12.0% APRnext payment −$0.14 per $10,000 · paid last 24h 0.000%
Price spread now: ApeX Omni against Bullet−0.238%66s7-day average −0.009% · 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−$460.460% of the position
Funding, last 4 days (all we have)−0.055%−$6 on $10k
+Price spread, last 4 days (all we have)+0.230%+$23 · spread now −0.238%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.229% cheaper against Bullet than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.009%). 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 | Bullet MU-USD | 1,038.1 | 0.0209 | pay 0.0026% / 1h | 6m 03s | $24K | $386K | 10x |
| Short | ApeX Omni MUUSDT | 1,035.7 | 0.0100 | get 0.0013% / 1h | 6m 03s | $70K | $270K | 50x |
Bullet MU-USD
ApeX Omni MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bullet. 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
- −$22.94
- Price spread: −0.238% → −0.009%
- −$22.89
- Slippage, 4 orders
- −$27.99
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$91.82
- Costs to cover
- 0.460%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 46 min ago; ApeX Omni: live order book, 44 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 Bullet live order book, 46 min ago | 0.48 bp | 6.2 bp −$6 | 20.3 bp −$203 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 44 min ago | 5.18 bp | 16.0 bp −$16 | 172.3 bp −$1,723 | doesn't fit | doesn't fit |
MU on 37 exchanges
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 | −0.0333% | 4h | 1,035.1 | −0.294% | $1.3M | $694K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,039.6 | +0.139% | $21.2M | $73.1M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.8 | +0.068% | $121.3M | $552.7M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,039.3 | +0.111% | $29.6M | $107.4M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.7 | +0.058% | $61.7M | $28.1M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,039.1 | +0.090% | $19.9M | $43.3M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,035.2 | −0.279% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,035.1 | −0.292% | $187K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,040.9 | +0.268% | $11K | $5.1M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,037.9 | −0.019% | $38K | $711K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,037.5 | −0.063% | $119K | $475K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,038.4 | +0.026% | $1.1M | $4.6M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0032% | 1h | 1,035.3 | −0.275% | $3K | $42K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.274% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,038.6 | +0.045% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,037.6 | −0.051% | $168K | $178K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,036.7 | −0.140% | $1.9M | $3.2M | 10x | as long as short |
| Bybit MUUSDT | +0.0053% | 8h | 1,039.5 | +0.136% | $18.9M | $32.5M | 100x | as long as short |
| SoDEX MU-USD | +0.0056% | 1h | 1,037.7 | −0.045% | $681K | $13K | 10x | as long as short |
| QFEX MU-USD | +0.0059% | 1h | 1,038 | −0.015% | $7.0M | $19.1M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0073% | 8h | 1,038.2 | +0.007% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.8 | −0.032% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.9 | −0.025% | $146K | $223K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038 | −0.013% | $5.2M | $5.7M | 20x | as long as short |
| ApeX Omni MUUSDTshort | +0.0100% | 1h | 1,035.7 | −0.238% | $70K | $270K | 50x | |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.3 | +0.020% | $825 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0107% | 1h | 1,037.7 | −0.038% | $296K | $351K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038.2 | +0.008% | $1.5M | $2.5M | 20x | as long as short |
| Nado MU-PERP | +0.0124% | 1h | 1,037.6 | −0.048% | $273K | $840K | 10x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,037.4 | −0.069% | $90K | $148K | 10x | as long as short |
| Lighter MU | +0.0152% | 1h | 1,039.3 | +0.114% | $1.0M | $5.1M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,035.4 | −0.264% | $734K | $1.1M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0183% | 8h | 1,035.5 | −0.254% | $76K | $1.4M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0183% | 1h | 1,039.1 | +0.093% | $176.3M | $75.2M | 10x | as long as short |
| Bullet MU-USDlong | +0.0209% | 1h | 1,038.1 | long leg | $24K | $386K | 10x | |
| Phoenix MU | +0.0310% | 1h | 1,035.5 | −0.253% | $530K | $269K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0320% | 1h | 1,038 | −0.015% | $552K | $1.1M | 10x | as long as short |
HTX MU-USDT
Lighter RH MU
Aftermath Perps MUUSD
Injective MU/USDC PERP
Vest MU-USD-PERP
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
Bybit MUUSDT
SoDEX MU-USD
QFEX MU-USD
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
BloFin MU-USDT
Nado MU-PERP
Arcus MU-USD
Lighter MU
Coinbase International MU-PERP-INTX
GRVT MU_USDT_Perp
tradeXYZ xyz:MU
Phoenix MU
Extended MU_24_5-USD