Funding you earn now, next payment 21:00 UTC−0.0177%/8h= −19.4% APRpaid last 24h −0.051%
Price spread now: Variational Omni against Phoenix−0.040%99s7-day average −0.016% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.018%−$2 on $10k
+Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.040%, 7d avg −0.016%
=Together, before fees+0.041%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Variational Omni is 0.024% cheaper against Phoenix than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.016%). Swap the legs. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MU | 1,044.7 | 0.0230 | pay 0.0029% / 1h | 21m 41s | $534K | $303K | 15x |
| Short | Variational Omni MU | 1,044.3 | 0.0053 | get 0.0053% / 8h | 2h 21m | $2.7M | $2.7M | — |
Phoenix MU
Variational Omni MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phoenix. 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
- −$37.12
- Price spread: −0.040% → −0.016%
- −$2.39
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$46.51
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 66 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 Phoenix live order book, 66 min ago | 2.88 bp | 10.4 bp −$10 | 21.9 bp −$219 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 1.91 bp | doesn't fit | 5.8 bp −$58 | 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 | −0.0044% | 4h | 1,044.1 | −0.055% | $1.3M | $672K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,044.4 | −0.032% | $21.5M | $44.3M | 20x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,044 | −0.070% | $30.7M | $104.3M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,043.9 | −0.080% | $63.0M | $29.0M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,042.9 | −0.174% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,046 | +0.125% | $11K | $6.7M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,043.7 | −0.101% | $125K | $443K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0024% | 1h | 1,044 | −0.069% | $3K | $44K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,043.7 | −0.096% | $1.1M | $4.3M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.575% | $14K | $302 | 12x | as long as short |
edgeX MUUSDC
Aster MUUSD1
OKX MU-USDT-SWAP
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MU-USD-PERP | +0.0046% | 1h | 1,043.6 | −0.105% | — | $193K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,043.6 | −0.105% | $165K | $180K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,043.9 | −0.078% | $685K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,042.7 | −0.188% | $2.0M | $2.6M | 10x | as long as short |
| Variational Omni MUshort | +0.0053% | 8h | 1,044.3 | −0.040% | $2.7M | $2.7M | — | |
| QFEX MU-USD | +0.0057% | 1h | 1,043.9 | −0.080% | $7.8M | $24.1M | 10x | as long as short |
| Bitget MUUSDT | +0.0070% | 8h | 1,043.8 | −0.085% | $20.5M | $42.9M | 50x | as long as short |
| Binance MUUSDT | +0.0094% | 8h | 1,044 | −0.068% | $124.9M | $540.3M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,044 | −0.066% | $153K | $182K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,043.6 | −0.101% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,044.6 | −0.013% | $71K | $267K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,044 | −0.072% | $830 | $799 | 20x | as long as short |
| Aevo MU-PERP | +0.0104% | 1h | 1,043.7 | −0.092% | $33K | — | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0126% | 8h | 1,043.9 | −0.080% | $2K | — | 5x | as long as short |
| GRVT MU_USDT_Perp | +0.0143% | 8h | 1,044.3 | −0.037% | $82K | $1.4M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,043.8 | −0.084% | $756K | $1.6M | 10x | as long as short |
| Bybit MUUSDT | +0.0177% | 8h | 1,044.2 | −0.052% | $19.1M | $32.5M | 100x | as long as short |
| Nado MU-PERP | +0.0199% | 1h | 1,042.9 | −0.176% | $307K | $845K | 10x | as long as short |
| RISEx MU/USDC | +0.0202% | 1h | 1,044.2 | −0.050% | $286K | $332K | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0206% | 1h | 1,043.8 | −0.086% | $176.5M | $107.1M | 10x | as long as short |
| BloFin MU-USDT | +0.0208% | 8h | 1,044.1 | −0.056% | $1.5M | $2.1M | 20x | as long as short |
| Lighter MU | +0.0224% | 1h | 1,043.8 | −0.083% | $1.0M | $4.8M | 20x | as long as short |
| Arcus MU-USD | +0.0226% | 1h | 1,043.9 | −0.081% | $63K | $236K | 10x | as long as short |
| Phoenix MUlong | +0.0230% | 1h | 1,044.7 | long leg | $534K | $303K | 15x | |
| Bullet MU-USD | +0.0237% | 1h | 1,044 | −0.067% | $25K | $399K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0517% | 1h | 1,043.8 | −0.090% | $57K | $217K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0688% | 1h | 1,042.6 | −0.198% | $539K | $1.1M | 10x | as long as short |
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Bitget MUUSDT
Binance MUUSDT
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aevo MU-PERP
Paradex MU-USD-PERP
GRVT MU_USDT_Perp
Coinbase International MU-PERP-INTX
Bybit MUUSDT
Nado MU-PERP
RISEx MU/USDC
tradeXYZ xyz:MU
BloFin MU-USDT
Lighter MU
Arcus MU-USD
Bullet MU-USD
Deribit MU_USDC-PERPETUAL
Extended MU_24_5-USD