Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%
Price spread now: ApeX Omni against Ondo Perps−0.002%52s7-day average +0.108% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.102%+$10 on $10k
Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.002%, 7d avg +0.108%
Together, before fees+0.158%+ Points / potential airdropOndo Perps: Active · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.110% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.002% now, against its 7-day average of +0.108%). If the spread goes back, that is −$11 on $10k: about 7.4 days of funding at the current rate (+$1 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps MU-USD.P1,0510.0050pay 0.0006% / 1h9m 55s$1.9M$2.2M10x
ShortApeX Omni MUUSDT1,0510.0100get 0.0013% / 1h9m 55s$71K$268K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Ondo Perps. 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

Funding earned
$10.42
Price spread: −0.002% → +0.108%
−$11.01
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$15.6
Costs to cover
0.150%
Break-even
17.5 days
Slippage unknown: Ondo Perps: no order-book sample; ApeX Omni: live order book, 47 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell ApeX Omni live order book, 47 min ago7.55 bp19.4 bp −$19189.5 bp −$1,895doesn't fitdoesn't fit
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0084%4h1,051.4+0.038%$1.3M$673K10xas long as short
Aster MUUSD10.0000%8h1,052.5+0.139%$21.4M$55.0M20xas long as short
OKX MU-USDT-SWAP0.0000%8h1,052.4+0.127%$31.2M$99.6M50xas long as short
RISEx MU/USDC0.0000%1h1,052.5+0.135%$340K$354K20xas long as short
Gate MU_USDT0.0000%8h1,052.2+0.112%$62.3M$27.5M75xas long as short
Variational Omni MU0.0000%8h1,051.9+0.085%$2.7M$2.4Mas long as short
GRVT MU_USDT_Perp0.0000%8h1,051.7+0.061%$81K$1.4M10xas long as short
StandX MU-USD0.0000%1h1,051.9+0.082%$190K$3.4M20xas long as short
SunX MU-USDT0.0000%8h1,052.7+0.160%$11K$5.8M10xas long as short
Deribit MU_USDC-PERPETUAL0.0000%1h1,052+0.095%$72K$444K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX MU-USDT0.0000%8h1,052.2+0.111%$131K$434K50xas long as short
Bybit MUUSDT+0.0018%8h1,052.5+0.138%$19.1M$32.3M100xas long as short
Aftermath Perps MUUSD+0.0022%1h1,051.9+0.080%$3K$44K10xas long as short
Lighter RH MU+0.0032%1h1,052.3+0.115%$1.3M$4.4M10xas long as short
Extended MU_24_5-USD+0.0032%1h1,051.7+0.066%$566K$1.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4+0.030%$19K$5K12xas long as short
QFEX MU-USD+0.0034%1h1,052.2+0.108%$7.1M$17.8M10xas long as short
Binance MUUSDT+0.0036%8h1,052.3+0.122%$126.6M$516.3M50xas long as short
Arcus MU-USD+0.0040%1h1,051.7+0.067%$71K$234K10xas long as short
Nado MU-PERP+0.0045%1h1,052+0.093%$282K$836K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,053.5+0.231%$176K25xas long as short
Bullet MU-USD+0.0048%1h1,052.5+0.135%$26K$395K10xas long as short
Polymarket Perps MU-USD+0.0050%1h1,052+0.091%$171K$202K10xas long as short
SoDEX MU-USD+0.0050%1h1,052.3+0.118%$691K$16K10xas long as short
Ondo Perps MU-USD.Plong+0.0050%1h1,051long leg$1.9M$2.2M10x
Paradex MU-USD-PERP+0.0051%8h1,052.3+0.122%$2K5xas long as short
Lighter MU+0.0056%1h1,052.4+0.127%$1.1M$5.1M20xas long as short
Bitget MUUSDT+0.0063%8h1,052.3+0.122%$20.5M$41.1M50xas long as short
tradeXYZ xyz:MU+0.0070%1h1,052+0.091%$178.8M$99.0M10xas long as short
Coinbase International MU-PERP-INTX+0.0080%1h1,052.9+0.176%$759K$1.2M10xas long as short
Aevo MU-PERP+0.0088%1h1,051.9+0.078%$32K$1K10xas long as short
Pacifica MU+0.0100%1h1,052.3+0.119%$148K$185K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,052.1+0.104%$5.3M$3.4M20xas long as short
ApeX Omni MUUSDTshort+0.0100%1h1,051−0.002%$71K$268K50x
Orderly PERP_MU_USDC_mythos+0.0100%8h1,052.3+0.117%$837$79920xas long as short
BloFin MU-USDT+0.0151%8h1,052.4+0.130%$1.5M$2.0M20xas long as short
Phoenix MU+0.0304%1h1,051.9+0.082%$538K$271K15xas long as short