MU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%

Price spread now: ApeX Omni against Polymarket Perps+0.006%63s7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

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

costs, in and out, $10k−$480.479% of the position

Long on Polymarket Perps Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.006%, 7d avg +0.046%

Together, before fees+0.091%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.040% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.046%). If the spread goes back, that is −$4 on $10k: about 2.7 days of funding at the current rate (+$2 a day). The two prices were read 63 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	Polymarket Perps MU-USD	1,049.5	0.0050	pay 0.0006% / 1h	46m 08s	$170K	$202K	10x
Short	ApeX Omni MUUSDT	1,049.6	0.0100	get 0.0013% / 1h	46m 08s	$71K	$268K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Polymarket 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

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee ApeX OmnibpOrdersPrice spread, now +0.006%Rate

Funding earned: $10.5
Price spread: +0.006% → +0.046%: −$4.02
Slippage, 4 orders: −$29.88
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$41.39
Costs to cover: 0.479%
Break-even: 34.6 days

Slippage from Polymarket Perps: live order book, 16 min ago; ApeX Omni: live order book, 16 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 Polymarket Perps live order book, 16 min ago	2.86 bp	6.9 bp −$7	8.2 bp −$82	9.6 bp −$956	doesn't fit
Sell ApeX Omni live order book, 16 min ago	6.23 bp	16.4 bp −$16	189.4 bp −$1,894	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	−0.0822%	4h	1,050.1	+0.059%	$1.3M	$672K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,049.9	+0.038%	$333K	$349K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.6	+0.011%	$62.0M	$27.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.6	+0.012%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.5	+0.188%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.4	−0.013%	$67K	$358K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.5	0.000%	$129K	$427K	50x	as long as short
Bybit MUUSDT	+0.0013%	8h	1,050	+0.051%	$19.1M	$32.3M	100x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,049.9	+0.040%	$3K	$44K	10x	as long as short
GRVT MU_USDT_Perp	+0.0024%	8h	1,050.8	+0.122%	$79K	$1.3M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MU-USD	+0.0030%	1h	1,049.6	+0.010%	$7.2M	$18.4M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.6	+0.005%	$1.2M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.3	−0.021%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.177%	$19K	$5K	12x	as long as short
OKX MU-USDT-SWAP	+0.0038%	8h	1,049.7	+0.018%	$31.0M	$100.0M	50x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.8	+0.031%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.8	+0.119%	—	$175K	25x	as long as short
Polymarket Perps MU-USDlong	+0.0050%	1h	1,049.5	long leg	$170K	$202K	10x
SoDEX MU-USD	+0.0050%	1h	1,049.6	+0.011%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.3	−0.022%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0059%	8h	1,049.9	+0.037%	$2K	—	5x	as long as short
Lighter MU	+0.0064%	1h	1,049.7	+0.017%	$1.1M	$4.8M	20x	as long as short
Nado MU-PERP	+0.0092%	1h	1,049.5	0.000%	$280K	$848K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	+0.042%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,049.8	+0.024%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.7	+0.014%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDTshort	+0.0100%	1h	1,049.6	+0.006%	$71K	$268K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.8	+0.030%	$835	$799	20x	as long as short
tradeXYZ xyz:MU	+0.0101%	1h	1,049.4	−0.010%	$178.1M	$99.2M	10x	as long as short
Aster MUUSD1	+0.0103%	8h	1,049.9	+0.037%	$21.4M	$52.1M	20x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,049.4	−0.013%	$32K	$1K	10x	as long as short
Bullet MU-USD	+0.0127%	1h	1,049.9	+0.038%	$26K	$397K	10x	as long as short
Variational Omni MU	+0.0144%	8h	1,050.4	+0.090%	$2.7M	$2.3M	—	as long as short
Bitget MUUSDT	+0.0159%	8h	1,049.8	+0.028%	$20.6M	$41.2M	50x	as long as short
Binance MUUSDT	+0.0160%	8h	1,049.8	+0.030%	$126.4M	$519.6M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.2	+0.067%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0282%	8h	1,049.9	+0.036%	—	$2.0M	20x	as long as short