Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,069.3 | +0.0072 | pay 0.0009% / 1h | 16m 12s | $425K | $714K | 20x | Long Popdex | |
| SHORT | 1,068.2 | +0.0217 | get 0.0217% / 8h | 1h 16m | $4.0M | $6.8M | 20x | Short Variational Omni+15% pts |
Price gap−0.104%
Funding gap+0.0145% /8h
Funding pays +$4 a day on $10k, but the gap is 0.064% under its 7d average: −$6 if it goes back, about 36 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$11+0.0145% /8h now · paid −0.115% over the last 7D
Price−$6spread −0.104% now, avg −0.040% → −0.064% if it goes back
Costs−$150.154% of $10k · taker + slippage, in and out
Result−$33−0.33%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.104%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMU on 40 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- OK: Fits both order books3.9 / 3.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $500Popdex 20x, Variational Omni 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$4.34Long Popdex: 24 payments, −$2.16; short Variational Omni: 3 payments, +$6.50.
- Watch: Gap narrower than usual−0.104% vs −0.040%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$425K vs $4.0M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legPopdex No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0058%/8h × 21 periods−$12.23
Price spread−0.104% → −0.040% (7d avg)−$6.44
Slippage, 4 orderslive order books−$9.02
Fee Popdex bp × 2 orders−$6.40
Fee Variational Omni bp × 2 orders$0.00
Net · 7 days · $10k−$34.08
Costs to cover0.154%Break-evennever at this rate
Slippage: Popdex: live order book, 19 min ago; Variational Omni: RFQ quote, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.383.9 bp−$411.1 bp−$111doesn’t fitdoesn’t fit
SELL · SHORTVariational Omni1.923.4 bp−$34.6 bp−$46doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 20:09 | Backpack | Other | JUST IN: Micron beats Q4 earnings expectations ▸ Adjusted EPS: $33.42 vs $31.72 expected ▸ Revenue: $54.23B vs $51.3B expected $MU is available for stock trading, 24/7 perpetuals and as collateral 🎒 @Backpack on X ↗ |
| 09-30 19:45 | Vest Markets | Other | Trade $MU pre-earnings volatility with a Vest Capital funded account. Access up to $25k in trading capital at: @VestExchange on X ↗ |
| 09-30 19:45 | Vest Markets | Other | $MU reports fiscal Q4 results after today's close, with consensus at $50.78B in revenue and $31.28 adjusted EPS. → Revenue: $41.46B in fiscal Q3, against $23.86B in fiscal Q2 and $13.64B in fiscal Q1 → Guidance: $50.0B ±$1.0B for fiscal Q4, with an 86% gross margin and $31.00 adjusted EPS The shares enter the print with $MU up around 275% this year and about 12% below its 52-week high, and the quarter runs 14 weeks, per the 10-Q. Cloud Memory and Core Data Center revenue reached $13.77B and $11.52B in fiscal Q3, with the fiscal 2027 outlook, HBM4 economics, DRAM pricing and record capital spending the watch items. @VestExchange on X ↗ |
| 09-30 19:11 | Polymarket Perps | Other | MEMORY SUPERCYCLE Micron $MU reports earnings after the bell today. Trade the reaction on Polymarket Perps with no market hours. Go long or short with up to 10x leverage. @Poly_Perps on X ↗ |
| 09-30 17:30 | MEXC | Other | $MU has been ripping into earnings. Now the market gets the next read on margins, capex, and AI demand. 👀 Same event. Different instincts. Which read sounds like you? 👇 #MEXCTradFi #MEXC0FEE @MEXC on X ↗ |
| 09-30 15:30 | Phoenix | Other | $MU reports full fiscal year earnings today, after the market closes. Trade it 24/7 on Phoenix: @PhoenixTrade on X ↗ |


Backpack
Polymarket Perps
MEXC
Phoenix