Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0797%/8h= +87.2% APRpaid last 24h +0.015%

Price spread now: ApeX Omni against edgeX−0.002%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on edgeX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.658%−$66 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.002%, 7d avg +0.011%

Together, before fees−0.666%+ Points / potential airdropedgeX: Active · farm board−$67 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: +$24 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.658%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MUUSDC	1,047.6	−0.0697	get 0.0348% / 4h	3h 41m	$1.3M	$671K	10x
Short	ApeX Omni MUUSDT	1,047.5	0.0100	get 0.0013% / 1h	41m 25s	$71K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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 edgeXbpFee ApeX OmnibpOrdersPrice spread, now −0.002%Rate

Funding earned: $167.29
Price spread: −0.002% → +0.011%: −$1.21
Slippage, 4 orders: −$32.07
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $115.01
Costs to cover: 0.511%
Break-even: 2.2 days

Slippage from edgeX: live order book, 2 min ago; ApeX Omni: live order book, 11 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 edgeX live order book, 2 min ago	0.67 bp	5.3 bp −$5	7.1 bp −$71	29.1 bp −$2,907	doesn't fit
Sell ApeX Omni live order book, 11 min ago	8.58 bp	19.2 bp −$19	195.4 bp −$1,954	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 MUUSDClong	−0.0697%	4h	1,047.6	long leg	$1.3M	$671K	10x
Aster MUUSD1	0.0000%	8h	1,047.3	−0.025%	$21.3M	$56.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,047.2	−0.029%	$125.3M	$518.0M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,047.5	−0.004%	$19.0M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,047.3	−0.027%	$31.1M	$99.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,047.2	−0.035%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,047.2	−0.036%	$62.2M	$27.7M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,047.4	−0.012%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,048.6	+0.097%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,048.5	+0.088%	$82K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,047.6	+0.003%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.5	+0.094%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,047.6	+0.005%	$130K	$431K	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,047.6	+0.003%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,047.3	−0.028%	$7.1M	$17.9M	10x	as long as short
Lighter MU	+0.0032%	1h	1,047.5	−0.005%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,047.2	−0.033%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,046.6	−0.095%	$550K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.363%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,047.6	+0.008%	$71K	$233K	10x	as long as short
BloFin MU-USDT	+0.0041%	8h	1,047.6	+0.001%	$1.5M	$2.0M	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,048.2	+0.062%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,046.9	−0.063%	$177.4M	$97.5M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,047	−0.053%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,047.8	+0.022%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047	−0.055%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,047.3	−0.026%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0053%	1h	1,047	−0.049%	$281K	$828K	10x	as long as short
Bullet MU-USD	+0.0065%	1h	1,047.3	−0.024%	$26K	$395K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0065%	1h	1,047.9	+0.034%	$73K	$465K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,047.5	−0.002%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,047.5	−0.004%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,047	−0.049%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDTshort	+0.0100%	1h	1,047.5	−0.002%	$71K	$269K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,047	−0.054%	$832	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.236%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,048.1	+0.052%	$536K	$271K	15x	as long as short