Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0116%/8h= −12.8% APRpaid last 24h −0.014%

Price spread now: Variational Omni against Nado+0.083%7-day average +0.023% · you sell dearer than you buy

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

Long on Nado Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.033%+$3 on $10k

Price spread, last 7 days+0.065%+$7 · spread now +0.083%, 7d avg +0.023%

Together, before fees+0.099%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.060% dearer against Nado than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.023%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MU-PERP	1,031.5	0.0116	pay 0.0015% / 1h	59m 43s	$264K	$811K	10x
Short	Variational Omni MU	1,032.4	0	get 0.0000% / 8h	6h 59m	$2.5M	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Nado. 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 NadobpFee Variational OmnibpOrdersPrice spread, now +0.083%Rate

Funding earned: −$24.45
Price spread: +0.083% → +0.023%: $6
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$25.45
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 33 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 Nado live order book, 33 min ago	0.05 bp	5.7 bp −$6	24.6 bp −$246	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	1.94 bp	doesn't fit	4.1 bp −$41	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	−0.0053%	4h	1,033.2	+0.159%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,033.1	+0.149%	$21.1M	$69.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,033.1	+0.150%	$121.6M	$550.9M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,033.2	+0.156%	$29.0M	$104.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,032.9	+0.133%	$294K	$374K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,033.2	+0.159%	$61.6M	$28.8M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,033	+0.139%	$19.6M	$41.8M	50x	as long as short
Variational Omni MUshort	0.0000%	8h	1,032.4	+0.083%	$2.5M	$2.7M	—
StandX MU-USD	0.0000%	1h	1,032.4	+0.082%	$187K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,034.3	+0.268%	$11K	$5.3M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,032.9	+0.130%	$119K	$493K	50x	as long as short
QFEX MU-USD	+0.0027%	1h	1,032.4	+0.079%	$7.0M	$19.0M	10x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,032.4	+0.085%	$3K	$43K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,032.7	+0.110%	$1.1M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.922%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,033	+0.144%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,032.4	+0.084%	$167K	$177K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,032.1	+0.050%	$1.9M	$3.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,032.8	+0.118%	$32K	$1K	10x	as long as short
Paradex MU-USD-PERP	+0.0089%	8h	1,032.8	+0.122%	$2K	—	5x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,030.9	−0.059%	$720K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,032.2	+0.063%	$146K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,032.4	+0.081%	$5.1M	$5.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,033.2	+0.157%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,033	+0.142%	$821	$799	20x	as long as short
Nado MU-PERPlong	+0.0116%	1h	1,031.5	long leg	$264K	$811K	10x
SoDEX MU-USD	+0.0118%	1h	1,032.9	+0.133%	$678K	$13K	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,033	+0.146%	$1.4M	$2.3M	20x	as long as short
Bybit MUUSDT	+0.0123%	8h	1,033	+0.144%	$18.7M	$32.5M	100x	as long as short
Arcus MU-USD	+0.0139%	1h	1,032.6	+0.105%	$90K	$233K	10x	as long as short
Lighter MU	+0.0144%	1h	1,032.9	+0.133%	$1.0M	$5.0M	20x	as long as short
tradeXYZ xyz:MU	+0.0165%	1h	1,032.6	+0.103%	$174.8M	$78.3M	10x	as long as short
Bullet MU-USD	+0.0183%	1h	1,033.3	+0.171%	$26K	$388K	10x	as long as short
Extended MU_24_5-USD	+0.0224%	1h	1,032.1	+0.055%	$542K	$1.1M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,032.7	+0.113%	$529K	$270K	15x	as long as short
GRVT MU_USDT_Perp	+0.0373%	8h	1,033.3	+0.172%	$81K	$1.4M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0593%	1h	1,032.8	+0.126%	$72K	$636K	10x	as long as short