Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.015%

Price spread now: Arcus against Variational Omni+0.061%7-day average −0.045% · you sell dearer than you buy

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

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.084%+$8 on $10k

Price spread, last 4 days (all we have)−0.227%−$23 · spread now +0.061%, 7d avg −0.045%

Together, before fees−0.143%+ Points / potential airdropVariational Omni: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.106% dearer against Variational Omni than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MU	1,036.2	0	get 0.0000% / 8h	2h 15m	$2.5M	$2.5M	—
Short	Arcus MU-USD	1,036.8	0.0040	get 0.0005% / 1h	15m 57s	$70K	$231K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.061%Rate

Funding earned: $8.46
Price spread: +0.061% → −0.045%: $10.59
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $14.55
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Arcus: live order book, 32 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 Variational Omni RFQ quote, 3 min ago	1.88 bp	doesn't fit	5.3 bp −$53	doesn't fit	doesn't fit
Sell Arcus live order book, 32 min ago	3.74 bp	10.9 bp −$11	13.4 bp −$134	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	−0.0720%	4h	1,036.4	+0.025%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0153%	8h	1,036.7	+0.051%	$20.3M	$41.2M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,036.9	+0.071%	$21.1M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,036.6	+0.038%	$121.7M	$534.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,036.5	+0.034%	$18.6M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.3	+0.009%	$29.8M	$100.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,037.2	+0.096%	$317K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,036.6	+0.040%	$61.4M	$28.5M	75x	as long as short
Variational Omni MUlong	0.0000%	8h	1,036.2	long leg	$2.5M	$2.5M	—
GRVT MU_USDT_Perp	0.0000%	8h	1,037.6	+0.139%	$84K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,037.5	+0.132%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,038.2	+0.197%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,036.3	+0.014%	$73K	$524K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,036.4	+0.023%	$127K	$448K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,036.6	+0.040%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,036.7	+0.047%	$7.0M	$18.2M	10x	as long as short
Nado MU-PERP	+0.0024%	1h	1,036.8	+0.063%	$277K	$818K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.6	+0.038%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,035.8	−0.039%	$538K	$1.1M	10x	as long as short
Bullet MU-USD	+0.0033%	1h	1,036.7	+0.051%	$25K	$389K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.466%	$19K	$5K	12x	as long as short
Arcus MU-USDshort	+0.0040%	1h	1,036.8	+0.061%	$70K	$231K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,036.9	+0.074%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036.4	+0.022%	$176.2M	$91.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,036.5	+0.031%	$168K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,036.6	+0.039%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,036.5	+0.031%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,037.1	+0.085%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,036.2	+0.002%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,036.9	+0.069%	$147K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036.4	+0.019%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.2	+0.103%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.7	+0.055%	$824	$799	20x	as long as short
Lighter MU	+0.0104%	1h	1,036.7	+0.054%	$1.0M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,037	+0.075%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.020%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,036.3	+0.012%	$530K	$270K	15x	as long as short