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

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0041%/8h= +4.4% APRpaid last 24h −0.014%
Price spread now: Variational Omni against ApeX Omni−0.081%88s7-day average −0.009% · 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 3 days (all we have)−0.029%−$3 on $10k
Price spread, last 3 days (all we have)+0.062%+$6 · spread now −0.081%, 7d avg −0.009%
Together, before fees+0.034%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.072% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.081% now, against its 7-day average of −0.009%). If the spread goes back, that is −$7 on $10k: about 5.9 days of funding at the current rate (+$1 a day). The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni MUUSDT1,044.90.0100pay 0.0013% / 1h20m 05s$71K$266K50x
ShortVariational Omni MU1,0440.0141get 0.0141% / 8h1h 20m$2.6M$2.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX Omni. 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
$8.53
Price spread: −0.081% → −0.009%
−$7.21
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$8.68
Costs to cover
0.100%
Break-even
14.1 days
Slippage unknown: ApeX Omni: live order book, 62 min ago; Variational Omni: RFQ quote, 4 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 ApeX Omni live order book, 62 min ago8.67 bp20.5 bp −$20186.1 bp −$1,861doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 4 min ago1.91 bpdoesn't fit5.7 bp −$57doesn't fitdoesn't fit

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−0.0927%4h1,044.3−0.053%$1.3M$672K10xas long as short
Gate MU_USDT0.0000%8h1,043.6−0.116%$62.9M$29.0M75xas long as short
StandX MU-USD0.0000%1h1,043.3−0.153%$189K$3.3M20xas long as short
SunX MU-USDT0.0000%8h1,046+0.110%$11K$6.6M10xas long as short
HTX MU-USDT0.0000%8h1,043.6−0.117%$125K$442K50xas long as short
Lighter RH MU+0.0032%1h1,043.5−0.127%$1.2M$4.2M10xas long as short
Aftermath Perps MUUSD+0.0032%1h1,043.8−0.102%$3K$45K10xas long as short
Injective MU/USDC PERP+0.0033%1h1,050.7+0.561%$14K$30212xas long as short
OKX MU-USDT-SWAP+0.0035%8h1,043.8−0.099%$30.8M$104.8M50xas long as short
Vest MU-USD-PERP+0.0046%1h1,043.5−0.133%$194K25xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MU-USD+0.0050%1h1,043.6−0.120%$165K$197K10xas long as short
SoDEX MU-USD+0.0050%1h1,043.7−0.107%$685K$16K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,042.9−0.189%$2.0M$2.7M10xas long as short
QFEX MU-USD+0.0071%1h1,043.9−0.087%$7.8M$24.2M10xas long as short
Aster MUUSD1+0.0086%8h1,044.5−0.035%$21.5M$47.4M20xas long as short
Pacifica MU+0.0100%1h1,043.6−0.122%$154K$181K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,043.7−0.107%$5.2M$4.0M20xas long as short
ApeX Omni MUUSDTlong+0.0100%1h1,044.9long leg$71K$266K50x
Orderly PERP_MU_USDC_mythos+0.0100%8h1,043.9−0.088%$830$79920xas long as short
Bitget MUUSDT+0.0102%8h1,043.7−0.106%$20.4M$43.0M50xas long as short
Aevo MU-PERP+0.0120%1h1,043.7−0.110%$33K10xas long as short
Paradex MU-USD-PERP+0.0135%8h1,043.6−0.119%$2K5xas long as short
Variational Omni MUshort+0.0141%8h1,044−0.081%$2.6M$2.6M
Binance MUUSDT+0.0160%8h1,043.9−0.088%$124.8M$535.8M50xas long as short
Coinbase International MU-PERP-INTX+0.0184%1h1,043.2−0.155%$755K$1.4M10xas long as short
Lighter MU+0.0200%1h1,043.7−0.106%$999K$4.8M20xas long as short
GRVT MU_USDT_Perp+0.0215%8h1,044.5−0.034%$82K$1.4M10xas long as short
Nado MU-PERP+0.0216%1h1,042.9−0.188%$266K$868K10xas long as short
Bybit MUUSDT+0.0243%8h1,044−0.082%$19.2M$32.6M100xas long as short
Bullet MU-USD+0.0274%1h1,043.8−0.099%$27K$397K10xas long as short
BloFin MU-USDT+0.0278%8h1,044.2−0.061%$1.4M$2.0M20xas long as short
tradeXYZ xyz:MU+0.0323%1h1,043.6−0.120%$176.2M$106.7M10xas long as short
Phoenix MU+0.0383%1h1,044.2−0.062%$534K$306K15xas long as short
Arcus MU-USD+0.0435%1h1,043.3−0.145%$73K$241K10xas long as short
RISEx MU/USDC+0.0499%1h1,044.2−0.060%$295K$338K20xas long as short
Deribit MU_USDC-PERPETUAL+0.0623%1h1,043.8−0.099%$61K$247K10xas long as short
Extended MU_24_5-USD+0.0680%1h1,042.8−0.200%$541K$1.0M10xas long as short