Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.015%
Price spread now: Variational Omni against Arcus−0.114%7-day average +0.046% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)+0.158%+$16 · spread now −0.114%, 7d avg +0.046%
=Together, before fees+0.075%+ Points / potential airdropVariational Omni: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.160% cheaper against Arcus than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.046%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MU-USD | 1,041.1 | 0.0040 | pay 0.0005% / 1h | 0m 31s | $70K | $232K | 10x |
| Short | Variational Omni MU | 1,039.9 | 0 | get 0.0000% / 8h | 3h 00m | $2.7M | $2.4M | — |
Arcus MU-USD
Variational Omni MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.46
- Price spread: −0.114% → +0.046%
- −$15.99
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$28.95
- Costs to cover
- 0.045%
- Break-even
- never at this rate
Slippage unknown: Arcus: live order book, 53 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Arcus live order book, 53 min ago | 2.38 bp | 9.6 bp −$10 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 1.92 bp | doesn't fit | 4.6 bp −$46 | 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 | −0.0495% | 4h | 1,042.1 | +0.101% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,041 | 0.000% | $21.2M | $57.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,040.6 | −0.042% | $123.2M | $526.3M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,040.7 | −0.036% | $18.5M | $32.0M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,040.5 | −0.053% | $30.5M | $99.8M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,040.7 | −0.036% | $336K | $354K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,040.4 | −0.061% | $61.8M | $28.1M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,040.5 | −0.051% | $20.4M | $41.7M | 50x | as long as short |
| Variational Omni MUshort | 0.0000% | 8h | 1,039.9 | −0.114% | $2.7M | $2.4M | — | |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,043 | +0.190% | $83K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,040.4 | −0.063% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,041.9 | +0.082% | $11K | $5.8M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,040 | −0.105% | $73K | $493K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,040.1 | −0.088% | $129K | $438K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,041.7 | +0.063% | $3K | $44K | 10x | as long as short |
| Nado MU-PERP | +0.0031% | 1h | 1,040.5 | −0.057% | $280K | $823K | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,040.3 | −0.070% | $7.0M | $18.1M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,040.6 | −0.044% | $1.1M | $5.2M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,040.3 | −0.070% | $1.2M | $4.5M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,039.9 | −0.110% | $553K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.990% | $19K | $5K | 12x | as long as short |
| Bullet MU-USD | +0.0035% | 1h | 1,040.6 | −0.043% | $26K | $392K | 10x | as long as short |
| Arcus MU-USDlong | +0.0040% | 1h | 1,041.1 | long leg | $70K | $232K | 10x | |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,040.7 | −0.037% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,040.1 | −0.091% | $176.8M | $95.0M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,040.3 | −0.072% | $169K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,040.2 | −0.081% | $683K | $16K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0050% | 8h | 1,040.5 | −0.053% | $2K | — | 5x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,039.3 | −0.167% | $1.8M | $2.3M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,039.7 | −0.132% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,040.4 | −0.064% | $147K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,040.2 | −0.079% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,041.1 | +0.006% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,040.1 | −0.096% | $827 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,040.1 | −0.096% | $746K | $1.1M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,040.4 | −0.061% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,043.1 | +0.197% | $534K | $271K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Nado MU-PERP
QFEX MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Bullet MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Paradex MU-USD-PERP
Ondo Perps MU-USD.P
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Phoenix MU