Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0666%/8h= +72.9% APRpaid last 24h −0.046%

Price spread now: Variational Omni against edgeX+0.003%7-day average +0.030% · you sell dearer than you buy

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.307%−$31 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.003%, 7d avg +0.030%

Together, before fees−0.318%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.027% cheaper against edgeX than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.030%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$20 a day). Mind the row above: over the last 3 days funding on this pair cost −0.307%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MUUSDC	1,045.5	−0.0477	get 0.0238% / 4h	47m 10s	$1.3M	$673K	10x
Short	Variational Omni MU	1,045.5	0.0189	get 0.0189% / 8h	47m 10s	$2.6M	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against edgeX. 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 edgeXbpFee Variational OmnibpOrdersPrice spread, now +0.003%Rate

Funding earned: $139.85
Price spread: +0.003% → +0.030%: −$2.69
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $128.16
Costs to cover: 0.090%
Break-even: 0.6 days

Slippage unknown: edgeX: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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 edgeX live order book, 2 min ago	0.34 bp	4.9 bp −$5	6.6 bp −$66	29.4 bp −$2,942	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	1.91 bp	doesn't fit	5.1 bp −$51	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 MUUSDClong	−0.0477%	4h	1,045.5	long leg	$1.3M	$673K	10x
Gate MU_USDT	0.0000%	8h	1,046.1	+0.059%	$63.1M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,044.9	−0.054%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.4	+0.279%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.8	+0.035%	$124K	$446K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.1	+0.059%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.502%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0036%	1h	1,044.7	−0.072%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.8	+0.034%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.6	+0.013%	$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	1,044.6	−0.080%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0079%	8h	1,046.3	+0.075%	$30.8M	$105.2M	50x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.9	+0.038%	$7.9M	$23.9M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046	+0.049%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.3	−0.015%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.9	+0.040%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046.2	+0.065%	$832	$799	20x	as long as short
SoDEX MU-USD	+0.0132%	1h	1,046.1	+0.059%	$687K	$16K	10x	as long as short
Bitget MUUSDT	+0.0135%	8h	1,046.2	+0.066%	$20.5M	$43.6M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,045.9	+0.043%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0158%	8h	1,045.9	+0.041%	$2K	—	5x	as long as short
Aster MUUSD1	+0.0160%	8h	1,046.6	+0.106%	$21.6M	$47.3M	20x	as long as short
Variational Omni MUshort	+0.0189%	8h	1,045.5	+0.003%	$2.6M	$2.5M	—
Lighter MU	+0.0200%	1h	1,046.1	+0.061%	$1.0M	$4.8M	20x	as long as short
Binance MUUSDT	+0.0209%	8h	1,046.2	+0.073%	$124.9M	$533.0M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.6	+0.008%	$757K	$1.4M	10x	as long as short
GRVT MU_USDT_Perp	+0.0253%	8h	1,045.7	+0.026%	$77K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0265%	1h	1,045.3	−0.012%	$270K	$875K	10x	as long as short
Bullet MU-USD	+0.0265%	1h	1,046	+0.051%	$24K	$396K	10x	as long as short
Bybit MUUSDT	+0.0284%	8h	1,046.4	+0.092%	$19.2M	$32.6M	100x	as long as short
tradeXYZ xyz:MU	+0.0313%	1h	1,046.2	+0.070%	$176.8M	$105.6M	10x	as long as short
BloFin MU-USDT	+0.0329%	8h	1,046.4	+0.085%	$1.4M	$2.0M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0353%	1h	1,045.9	+0.044%	$62K	$257K	10x	as long as short
Phoenix MU	+0.0460%	1h	1,045.9	+0.041%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.5	−0.002%	$74K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.2	+0.074%	$317K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0720%	1h	1,045.1	−0.038%	$540K	$1.1M	10x	as long as short