Funding you earn now, next payment 09:00 UTC−0.0027%/8h= −2.9% APRpaid last 24h +0.006%
Price spread now: Variational Omni against QFEX−0.079%47s7-day average +0.040% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.038%+$4 on $10k
+Price spread, last 7 days+0.104%+$10 · spread now −0.079%, 7d avg +0.040%
=Together, before fees+0.142%+ Points / potential airdropVariational Omni: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.119% cheaper against QFEX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.040%). Swap the legs. The two prices were read 47 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 | QFEX MU-USD | 1,033.2 | 0.0027 | pay 0.0003% / 1h | 0m 51s | $7.0M | $19.0M | 10x |
| Short | Variational Omni MU | 1,032.4 | 0 | get 0.0000% / 8h | 7h 00m | $2.5M | $2.7M | — |
QFEX MU-USD
Variational Omni MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against QFEX. 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
- −$5.59
- Price spread: −0.079% → +0.040%
- −$11.94
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$27.54
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: QFEX: live order book, 8 min ago; 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 QFEX live order book, 8 min ago | 0.53 bp | 5.5 bp −$6 | 5.5 bp −$55 | 10.6 bp −$1,062 | doesn't fit |
| Sell Variational Omni RFQ quote, 3 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 | −0.003% | $1.3M | $695K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,032.9 | −0.031% | $21.1M | $69.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,032.5 | −0.074% | $121.5M | $550.9M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,032.4 | −0.079% | $29.1M | $104.4M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,032.8 | −0.043% | $294K | $375K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,032.2 | −0.096% | $61.6M | $28.8M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,032.3 | −0.086% | $19.4M | $41.8M | 50x | as long as short |
| Variational Omni MUshort | 0.0000% | 8h | 1,032.4 | −0.079% | $2.5M | $2.7M | — | |
| StandX MU-USD | 0.0000% | 1h | 1,032.1 | −0.111% | $187K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,034.4 | +0.112% | $11K | $5.3M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
StandX MU-USD
SunX MU-USDTShow 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 | −0.027% | $119K | $493K | 50x | as long as short |
| QFEX MU-USDlong | +0.0027% | 1h | 1,033.2 | long leg | $7.0M | $19.0M | 10x | |
| Aftermath Perps MUUSD | +0.0029% | 1h | 1,032.1 | −0.105% | $3K | $43K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,032.3 | −0.086% | $1.1M | $4.6M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.757% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,032.9 | −0.031% | $90K | $234K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,033.4 | +0.016% | — | $179K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,032.9 | −0.030% | $167K | $177K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,032.1 | −0.112% | $1.9M | $3.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,032.7 | −0.051% | $32K | $1K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0088% | 8h | 1,033 | −0.019% | $2K | — | 5x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,030.9 | −0.221% | $720K | $1.1M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,033.2 | +0.002% | $146K | $214K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,032.2 | −0.100% | $5.1M | $5.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,033.2 | −0.005% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,033.1 | −0.015% | $821 | $799 | 20x | as long as short |
| Nado MU-PERP | +0.0116% | 1h | 1,032.2 | −0.098% | $264K | $811K | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,033 | −0.016% | $1.4M | $2.3M | 20x | as long as short |
| SoDEX MU-USD | +0.0124% | 1h | 1,032.8 | −0.036% | $678K | $14K | 10x | as long as short |
| Bybit MUUSDT | +0.0126% | 8h | 1,032.5 | −0.072% | $18.6M | $32.5M | 100x | as long as short |
| tradeXYZ xyz:MU | +0.0130% | 1h | 1,032.2 | −0.098% | $174.7M | $78.3M | 10x | as long as short |
| Lighter MU | +0.0144% | 1h | 1,032.6 | −0.064% | $997K | $5.1M | 20x | as long as short |
| Bullet MU-USD | +0.0182% | 1h | 1,033.2 | −0.001% | $26K | $388K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0224% | 1h | 1,031.7 | −0.141% | $542K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,032.7 | −0.049% | $529K | $270K | 15x | as long as short |
| GRVT MU_USDT_Perp | +0.0373% | 8h | 1,033.3 | +0.010% | $81K | $1.4M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0389% | 1h | 1,032.8 | −0.039% | $72K | $636K | 10x | as long as short |
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
Aevo MU-PERP
Paradex MU-USD-PERP
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Nado MU-PERP
BloFin MU-USDT
SoDEX MU-USD
Bybit MUUSDT
tradeXYZ xyz:MU
Lighter MU
Bullet MU-USD
Extended MU_24_5-USD
Phoenix MU
GRVT MU_USDT_Perp
Deribit MU_USDC-PERPETUAL