MU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0198%/8h= +21.7% APRpaid last 24h +0.008%

Price spread now: Variational Omni against Polymarket Perps−0.014%55s7-day average +0.038% · you buy dearer than you sell

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

Long on Polymarket Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.025%+$3 on $10k

Price spread, last 3 days (all we have)+0.054%+$5 · spread now −0.014%, 7d avg +0.038%

Together, before fees+0.080%+ Points / potential airdropVariational Omni: Active · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.052% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.038%). If the spread goes back, that is −$5 on $10k: about 21 hours of funding at the current rate (+$6 a day). At the pace of the last 3 days (+0.025% in total) that is about 6.8 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.025% in total (about 2.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,051.2	0.0050	pay 0.0006% / 1h	6m 30s	$171K	$203K	10x
Short	Variational Omni MU	1,051.1	0.0248	get 0.0248% / 8h	7h 06m	$2.7M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Polymarket Perps. 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 Polymarket PerpsbpFee Variational OmnibpOrdersPrice spread, now −0.014%Rate

Funding earned: $41.55
Price spread: −0.014% → +0.038%: −$5.16
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $28.38
Costs to cover: 0.080%
Break-even: 2.2 days

Slippage unknown: Polymarket Perps: live order book, just now; Variational Omni: RFQ quote, 3 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 Polymarket Perps live order book, just now	2.86 bp	6.9 bp −$7	7.6 bp −$76	9.4 bp −$943	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	1.95 bp	doesn't fit	5.6 bp −$56	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	−0.0751%	4h	1,051.1	−0.008%	$1.3M	$671K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,051	−0.018%	$62.7M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.4	−0.074%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.6	+0.131%	$11K	$6.1M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.3	+0.010%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,051	−0.021%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,051	−0.018%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.015%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.2	+0.091%	—	$179K	25x	as long as short
Lighter MU	+0.0048%	1h	1,051	−0.015%	$1.1M	$4.8M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USDlong	+0.0050%	1h	1,051.2	long leg	$171K	$203K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.8	−0.039%	$2.0M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,051.1	−0.010%	$7.6M	$21.2M	10x	as long as short
SoDEX MU-USD	+0.0068%	1h	1,051.4	+0.020%	$690K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0085%	8h	1,051.2	−0.001%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0087%	1h	1,050.8	−0.042%	$274K	$857K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.1	−0.007%	$149K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.1	−0.014%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.6	−0.053%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.4	+0.022%	$836	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0108%	8h	1,051.4	+0.016%	$31.0M	$101.6M	50x	as long as short
Aevo MU-PERP	+0.0144%	1h	1,051.3	+0.009%	$32K	$1K	10x	as long as short
Bullet MU-USD	+0.0179%	1h	1,051.6	+0.035%	$26K	$396K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,050.5	−0.068%	$762K	$1.2M	10x	as long as short
Bybit MUUSDT	+0.0201%	8h	1,051.3	+0.013%	$19.4M	$32.6M	100x	as long as short
tradeXYZ xyz:MU	+0.0204%	1h	1,050.9	−0.029%	$178.5M	$100.1M	10x	as long as short
Arcus MU-USD	+0.0240%	1h	1,051.2	−0.004%	$71K	$242K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0245%	1h	1,051.4	+0.019%	$65K	$312K	10x	as long as short
Variational Omni MUshort	+0.0248%	8h	1,051.1	−0.014%	$2.7M	$2.4M	—
Aster MUUSD1	+0.0264%	8h	1,050.9	−0.032%	$21.6M	$48.4M	20x	as long as short
Binance MUUSDT	+0.0267%	8h	1,051.3	+0.008%	$126.4M	$521.4M	50x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,051.3	+0.007%	$316K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0312%	1h	1,050.6	−0.053%	$559K	$1.1M	10x	as long as short
Phoenix MU	+0.0383%	1h	1,051.5	+0.029%	$538K	$306K	15x	as long as short
BloFin MU-USDT	+0.0386%	8h	1,051.6	+0.036%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0417%	8h	1,051.3	+0.010%	$20.6M	$41.6M	50x	as long as short
GRVT MU_USDT_Perp	+0.0569%	8h	1,051.2	−0.001%	$83K	$1.3M	10x	as long as short