Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h 0.000%

Price spread now: Aftermath Perps against Variational Omni−0.019%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MU	1,050.4	0	get 0.0000% / 8h	3h 57m	$2.7M	$2.4M	—
Short	Aftermath Perps MUUSD	1,050.2	0.0023	get 0.0003% / 1h	57m 54s	$3K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Variational Omni. 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 Variational OmnibpFee Aftermath PerpsbpOrdersPrice spread, now −0.019%Rate

Funding earned: $4.88
Price spread: −0.019% → 0.000%: −$1.85
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$5.98
Costs to cover: 0.090%
Break-even: 15.6 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Aftermath Perps: no order-book sample. 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 Variational Omni RFQ quote, 1 min ago	1.90 bp	doesn't fit	6.2 bp −$62	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0578%	4h	1,050.4	−0.003%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,051	+0.055%	$21.4M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,050.7	+0.024%	$31.3M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.8	+0.038%	$339K	$351K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.5	+0.005%	$62.7M	$27.5M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,050.7	+0.023%	$20.5M	$41.3M	50x	as long as short
Variational Omni MUlong	0.0000%	8h	1,050.4	long leg	$2.7M	$2.4M	—
GRVT MU_USDT_Perp	0.0000%	8h	1,050.7	+0.023%	$81K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,049.6	−0.082%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.4	+0.089%	$11K	$5.8M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,050.4	+0.003%	$131K	$430K	50x	as long as short
Bybit MUUSDT	+0.0010%	8h	1,050.7	+0.030%	$19.1M	$32.0M	100x	as long as short
Binance MUUSDT	+0.0019%	8h	1,050.6	+0.013%	$126.1M	$516.9M	50x	as long as short
Aftermath Perps MUUSDshort	+0.0023%	1h	1,050.2	−0.019%	$3K	$44K	10x
QFEX MU-USD	+0.0032%	1h	1,050.5	+0.005%	$7.1M	$17.8M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.5	+0.005%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.7	−0.064%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.090%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.2	−0.021%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.3	+0.086%	—	$176K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.4	−0.001%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.3	−0.010%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049	−0.133%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,050.7	+0.023%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0071%	1h	1,050.1	−0.033%	$282K	$835K	10x	as long as short
tradeXYZ xyz:MU	+0.0077%	1h	1,050.2	−0.020%	$178.2M	$98.2M	10x	as long as short
BloFin MU-USDT	+0.0082%	8h	1,050.2	−0.024%	$1.5M	$2.0M	20x	as long as short
Aevo MU-PERP	+0.0088%	1h	1,050.2	−0.019%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.4	−0.003%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.2	−0.017%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.039%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.6	+0.015%	$835	$799	20x	as long as short
Lighter MU	+0.0120%	1h	1,050.5	+0.010%	$1.1M	$5.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	−0.036%	$757K	$1.2M	10x	as long as short
Bullet MU-USD	+0.0125%	1h	1,050.7	+0.028%	$26K	$395K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0141%	1h	1,050.3	−0.010%	$73K	$456K	10x	as long as short
Phoenix MU	+0.0304%	1h	1,050.5	+0.008%	$537K	$271K	15x	as long as short