Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.12 per $10,000 · paid last 24h +0.002%
Price spread now: Bybit against Variational Omni−0.014%7-day average +0.006% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.004%$0 on $10k
+Price spread, last 7 days+0.026%+$3 · spread now −0.014%, 7d avg +0.006%
=Together, before fees+0.023%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bybit is 0.021% cheaper against Variational Omni than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MU | 1,051.5 | 0.0240 | pay 0.0240% / 8h | 7h 12m | $2.7M | $2.4M | — |
| Short | Bybit MUUSDT | 1,051.4 | 0.0228 | get 0.0228% / 8h | 7h 12m | $19.4M | $32.6M | 100x |
Variational Omni MU
Bybit MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.55
- Price spread: −0.014% → +0.006%
- −$2.07
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$15.62
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Bybit: live order book, 1 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, 2 min ago | 1.90 bp | doesn't fit | 7.3 bp −$73 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.33 bp | 7.3 bp −$7 | 10.1 bp −$101 | 23.3 bp −$2,330 | 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 | −0.0028% | 4h | 1,051.8 | +0.024% | $1.3M | $674K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,051.1 | −0.039% | $62.8M | $29.0M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,050.7 | −0.083% | $190K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,052.5 | +0.086% | $11K | $6.1M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,051.7 | +0.019% | $64K | $309K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,051.4 | −0.014% | $130K | $424K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,050.9 | −0.065% | $3K | $45K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,051.5 | −0.005% | $1.2M | $4.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.017% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,052.2 | +0.058% | — | $179K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,050.9 | −0.061% | $171K | $203K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,050.9 | −0.062% | $1.9M | $2.3M | 10x | as long as short |
| QFEX MU-USD | +0.0054% | 1h | 1,051.2 | −0.037% | $7.6M | $21.3M | 10x | as long as short |
| Lighter MU | +0.0056% | 1h | 1,051.5 | −0.001% | $1.1M | $4.8M | 20x | as long as short |
| SoDEX MU-USD | +0.0086% | 1h | 1,051.4 | −0.010% | $690K | $16K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0088% | 8h | 1,051.3 | −0.023% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0088% | 1h | 1,051 | −0.048% | $274K | $858K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,051.2 | −0.033% | $148K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,051.1 | −0.040% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,051.7 | +0.018% | $71K | $267K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,052 | +0.045% | $836 | $799 | 20x | as long as short |
| OKX MU-USDT-SWAP | +0.0108% | 8h | 1,051.1 | −0.039% | $30.9M | $101.6M | 50x | as long as short |
| Aevo MU-PERP | +0.0144% | 1h | 1,051.5 | −0.008% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,050.5 | −0.100% | $760K | $1.2M | 10x | as long as short |
| Bullet MU-USD | +0.0188% | 1h | 1,051.4 | −0.017% | $26K | $396K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0216% | 1h | 1,051.1 | −0.042% | $178.5M | $100.4M | 10x | as long as short |
| Bybit MUUSDTshort | +0.0228% | 8h | 1,051.4 | −0.014% | $19.4M | $32.6M | 100x | |
| Arcus MU-USD | +0.0240% | 1h | 1,051.2 | −0.029% | $71K | $242K | 10x | as long as short |
| Variational Omni MUlong | +0.0240% | 8h | 1,051.5 | long leg | $2.7M | $2.4M | — | |
| Aster MUUSD1 | +0.0258% | 8h | 1,050.9 | −0.060% | $21.6M | $48.4M | 20x | as long as short |
| Binance MUUSDT | +0.0259% | 8h | 1,051.1 | −0.038% | $126.4M | $521.4M | 50x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,051.3 | −0.026% | $316K | $339K | 20x | as long as short |
| Extended MU_24_5-USD | +0.0344% | 1h | 1,050.7 | −0.080% | $565K | $1.1M | 10x | as long as short |
| BloFin MU-USDT | +0.0378% | 8h | 1,052 | +0.044% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,051.6 | +0.006% | $538K | $306K | 15x | as long as short |
| Bitget MUUSDT | +0.0411% | 8h | 1,050.9 | −0.057% | $20.6M | $41.6M | 50x | as long as short |
| GRVT MU_USDT_Perp | +0.0586% | 8h | 1,051.7 | +0.011% | $83K | $1.3M | 10x | as long as short |
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Lighter MU
SoDEX MU-USD
Paradex MU-USD-PERP
Nado MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
OKX MU-USDT-SWAP
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Bullet MU-USD
tradeXYZ xyz:MU
Arcus MU-USD
Aster MUUSD1
Binance MUUSDT
RISEx MU/USDC
Extended MU_24_5-USD
BloFin MU-USDT
Phoenix MU
Bitget MUUSDT
GRVT MU_USDT_Perp