Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0169%/8h= +18.5% APRpaid last 24h +0.008%

Price spread now: Variational Omni against SoDEX+0.015%7-day average +0.011% · you sell dearer than you buy

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

Long on SoDEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.029%+$3 · spread now +0.015%, 7d avg +0.011%

Together, before fees+0.028%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MU-USD	1,048.9	0.0050	pay 0.0006% / 1h	40m 56s	$688K	$16K	10x
Short	Variational Omni MU	1,049	0.0219	get 0.0219% / 8h	6h 40m	$2.7M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SoDEX. 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 SoDEXbpFee Variational OmnibpOrdersPrice spread, now +0.015%Rate

Funding earned: $35.48
Price spread: +0.015% → +0.011%: $0.36
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $27.83
Costs to cover: 0.080%
Break-even: 1.5 days

Slippage unknown: SoDEX: live order book, 28 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 SoDEX live order book, 28 min ago	0.05 bp	11.6 bp −$12	39.4 bp −$394	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.62 bp	doesn't fit	5.2 bp −$52	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	−0.0658%	4h	1,049.1	+0.020%	$1.3M	$670K	10x	as long as short
Nado MU-PERP	−0.0002%	1h	1,048.7	−0.021%	$273K	$858K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.2	+0.030%	$62.1M	$27.6M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,048.9	−0.003%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,049.3	+0.034%	$26K	$396K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.2	+0.124%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.8	−0.009%	$65K	$325K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.8	−0.008%	$129K	$429K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,049	+0.008%	$3K	$45K	10x	as long as short
Bybit MUUSDT	+0.0029%	8h	1,049.1	+0.022%	$19.2M	$32.6M	100x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,049.1	+0.022%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.1	+0.019%	$1.1M	$4.1M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,048.9	−0.003%	$559K	$1.2M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,048.7	−0.016%	$7.5M	$20.2M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049	+0.011%	$71K	$242K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050	+0.101%	—	$176K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.9	+0.001%	$170K	$203K	10x	as long as short
SoDEX MU-USDlong	+0.0050%	1h	1,048.9	long leg	$688K	$16K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.2	−0.071%	$1.9M	$2.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0066%	1h	1,049.2	+0.030%	$178.2M	$100.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0070%	8h	1,048.9	+0.003%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0077%	8h	1,049.3	+0.043%	$30.8M	$100.6M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048.7	−0.020%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.2	+0.032%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,048.5	−0.040%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.2	+0.026%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.235%	$19K	$5K	12x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.3	+0.132%	$761K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,048.8	−0.006%	$32K	$1K	10x	as long as short
Aster MUUSD1	+0.0219%	8h	1,049.4	+0.047%	$21.6M	$49.7M	20x	as long as short
Variational Omni MUshort	+0.0219%	8h	1,049	+0.015%	$2.7M	$2.4M	—
Binance MUUSDT	+0.0232%	8h	1,049	+0.008%	$126.3M	$524.6M	50x	as long as short
GRVT MU_USDT_Perp	+0.0233%	8h	1,049.7	+0.082%	$81K	$1.3M	10x	as long as short
Phoenix MU	+0.0304%	1h	1,049.3	+0.039%	$537K	$273K	15x	as long as short
Bitget MUUSDT	+0.0312%	8h	1,049.2	+0.030%	$20.3M	$41.9M	50x	as long as short
BloFin MU-USDT	+0.0368%	8h	1,049.8	+0.088%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,049.3	+0.036%	$333K	$348K	20x	as long as short