MU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0038%/8h= −4.1% APRpaid last 24h −0.036%

Price spread now: Variational Omni against Coinbase International−0.010%7-day average +0.029% · you buy dearer than you sell

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.058%−$6 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.010%, 7d avg +0.029%

Together, before fees+0.018%+ Points / potential airdropVariational Omni: Active · farm board+$2 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 0.040% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,051.9	0.0080	pay 0.0010% / 1h	43m 17s	$758K	$1.2M	10x
Short	Variational Omni MU	1,051.8	0.0042	get 0.0042% / 8h	4h 43m	$2.7M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee Variational OmnibpOrdersPrice spread, now −0.010%Rate

Funding earned: −$7.89
Price spread: −0.010% → +0.029%: −$3.98
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$21.87
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 5 min ago; Variational Omni: RFQ quote, 1 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 Coinbase International live order book, 5 min ago	2.38 bp	8.8 bp −$9	14.9 bp −$149	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	1.90 bp	doesn't fit	4.7 bp −$47	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	−0.0978%	4h	1,051.8	−0.016%	$1.3M	$673K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.5	+0.049%	$31.2M	$99.9M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.6	+0.066%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.4	+0.044%	$62.3M	$27.4M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.1	+0.014%	$78K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.8	−0.011%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.4	+0.233%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.9	−0.002%	$131K	$436K	50x	as long as short
Aster MUUSD1	+0.0008%	8h	1,052.3	+0.031%	$21.4M	$55.0M	20x	as long as short
Bybit MUUSDT	+0.0017%	8h	1,052.7	+0.072%	$19.1M	$32.3M	100x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MUUSD	+0.0017%	1h	1,051.9	−0.007%	$3K	$45K	10x	as long as short
Bullet MU-USD	+0.0025%	1h	1,052.5	+0.049%	$25K	$398K	10x	as long as short
Lighter MU	+0.0032%	1h	1,052.3	+0.035%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.5	+0.049%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.8	−0.018%	$564K	$1.1M	10x	as long as short
Nado MU-PERP	+0.0033%	1h	1,052.2	+0.021%	$282K	$843K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.055%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052.3	+0.036%	$7.2M	$18.0M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.8	−0.013%	$71K	$234K	10x	as long as short
Variational Omni MUshort	+0.0042%	8h	1,051.8	−0.010%	$2.7M	$2.4M	—
Vest MU-USD-PERP	+0.0046%	1h	1,053.4	+0.142%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.2	+0.025%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.4	+0.043%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051	−0.087%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,052.6	+0.065%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0070%	1h	1,052.2	+0.025%	$178.9M	$99.1M	10x	as long as short
Binance MUUSDT	+0.0074%	8h	1,052.5	+0.055%	$126.8M	$517.3M	50x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0080%	1h	1,051.9	long leg	$758K	$1.2M	10x
Aevo MU-PERP	+0.0096%	1h	1,052.1	+0.017%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.6	+0.066%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.2	+0.020%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.6	−0.032%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.4	+0.041%	$837	$799	20x	as long as short
Bitget MUUSDT	+0.0124%	8h	1,052.7	+0.067%	$20.6M	$41.1M	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0140%	1h	1,052.2	+0.026%	$69K	$414K	10x	as long as short
BloFin MU-USDT	+0.0194%	8h	1,052.5	+0.054%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.3	+0.034%	$538K	$271K	15x	as long as short