Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0140%/8h= +15.4% APRpaid last 24h +0.005%

Price spread now: Variational Omni against Aftermath Perps−0.019%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MUUSD	1,044.6	0.0036	pay 0.0004% / 1h	51m 09s	$3K	$45K	10x
Short	Variational Omni MU	1,044.4	0.0176	get 0.0176% / 8h	51m 09s	$2.6M	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aftermath 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 Aftermath PerpsbpFee Variational OmnibpOrdersPrice spread, now −0.019%Rate

Funding earned: $29.44
Price spread: −0.019% → 0.000%: −$1.9
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $18.54
Costs to cover: 0.090%
Break-even: 2.6 days

Slippage unknown: Aftermath Perps: no order-book sample; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 3 min ago	1.91 bp	doesn't fit	3.8 bp −$38	doesn't fit	doesn't fit

Aftermath 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MUUSDC	−0.0511%	4h	1,045.1	+0.041%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.3	+0.060%	$63.0M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,044.7	+0.007%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.7	+0.289%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.3	+0.062%	$124K	$443K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.1	+0.047%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.581%	$14K	$302	12x	as long as short
Aftermath Perps MUUSDlong	+0.0036%	1h	1,044.6	long leg	$3K	$45K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,045.1	+0.045%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.2	+0.053%	$166K	$197K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.4	−0.023%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0073%	8h	1,045.5	+0.077%	$30.8M	$105.1M	50x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.4	+0.074%	$7.9M	$24.0M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.4	+0.077%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,044.5	−0.017%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.1	+0.041%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.6	+0.088%	$831	$799	20x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,045.2	+0.055%	$33K	—	10x	as long as short
Bitget MUUSDT	+0.0131%	8h	1,045.4	+0.070%	$20.5M	$43.6M	50x	as long as short
SoDEX MU-USD	+0.0149%	1h	1,045.3	+0.063%	$686K	$16K	10x	as long as short
Aster MUUSD1	+0.0152%	8h	1,046.2	+0.152%	$21.6M	$47.3M	20x	as long as short
Paradex MU-USD-PERP	+0.0155%	8h	1,045.2	+0.052%	$2K	—	5x	as long as short
Variational Omni MUshort	+0.0176%	8h	1,044.4	−0.019%	$2.6M	$2.6M	—
Lighter MU	+0.0200%	1h	1,045.3	+0.062%	$996K	$4.7M	20x	as long as short
Binance MUUSDT	+0.0203%	8h	1,045.6	+0.090%	$124.9M	$533.0M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.6	+0.087%	$757K	$1.4M	10x	as long as short
GRVT MU_USDT_Perp	+0.0245%	8h	1,045.3	+0.068%	$77K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0247%	1h	1,044.5	−0.018%	$270K	$874K	10x	as long as short
Bullet MU-USD	+0.0254%	1h	1,045.4	+0.076%	$25K	$395K	10x	as long as short
Bybit MUUSDT	+0.0279%	8h	1,045.6	+0.095%	$19.2M	$32.6M	100x	as long as short
tradeXYZ xyz:MU	+0.0307%	1h	1,045.3	+0.063%	$176.7M	$105.6M	10x	as long as short
BloFin MU-USDT	+0.0323%	8h	1,045.6	+0.088%	$1.4M	$2.0M	20x	as long as short
Phoenix MU	+0.0460%	1h	1,045.4	+0.072%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045	+0.031%	$73K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,045.9	+0.119%	$316K	$339K	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0679%	1h	1,045.3	+0.064%	$62K	$253K	10x	as long as short
Extended MU_24_5-USD	+0.0712%	1h	1,044.1	−0.052%	$540K	$1.1M	10x	as long as short