Funding you earn now, next payment 08:00 UTC−0.0219%/8h= −24.0% APRnext payment −$2.19 per $10,000 · paid last 24h −0.024%
Price spread now: HTX against Variational Omni−0.022%7-day average +0.005% · 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)−0.061%−$6 on $10k
+Price spread, last 3 days (all we have)+0.038%+$4 · spread now −0.022%, 7d avg +0.005%
=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 −$7 a day on $10k at the current rate, and HTX is 0.027% cheaper against Variational Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.061% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.19 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MU | 1,049 | 0.0219 | pay 0.0219% / 8h | 6h 41m | $2.7M | $2.4M | — |
| Short | HTX MU-USDT | 1,048.8 | 0 | get 0.0000% / 8h | 6h 41m | $129K | $429K | 50x |
Variational Omni MU
HTX MU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$45.98
- Price spread: −0.022% → +0.005%
- −$2.74
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$60.72
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; HTX: live order book, 27 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 | 2.62 bp | doesn't fit | 5.6 bp −$56 | doesn't fit | doesn't fit |
| Sell HTX live order book, 27 min ago | 3.09 bp | 9.8 bp −$10 | 11.0 bp −$110 | 25.9 bp −$2,588 | 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 | +0.005% | $1.3M | $670K | 10x | as long as short |
| Nado MU-PERP | −0.0002% | 1h | 1,048.7 | −0.036% | $273K | $858K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,049.1 | +0.003% | $62.3M | $27.5M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,048.9 | −0.017% | $190K | $3.4M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,049.3 | +0.020% | $26K | $396K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,050.2 | +0.109% | $11K | $6.1M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,048.8 | −0.023% | $65K | $325K | 10x | as long as short |
| HTX MU-USDTshort | 0.0000% | 8h | 1,048.8 | −0.022% | $129K | $429K | 50x | |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,049 | −0.006% | $3K | $45K | 10x | as long as short |
| Bybit MUUSDT | +0.0029% | 8h | 1,049.5 | +0.042% | $19.2M | $32.6M | 100x | as long as short |
edgeX MUUSDC
Nado MU-PERP
Gate MU_USDT
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
Aftermath Perps MUUSD
Bybit MUUSDTShow 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 | +0.007% | $1.1M | $4.8M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,049.1 | +0.005% | $1.1M | $4.1M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,048.5 | −0.050% | $559K | $1.2M | 10x | as long as short |
| QFEX MU-USD | +0.0040% | 1h | 1,048.7 | −0.031% | $7.5M | $20.2M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,049 | −0.003% | $71K | $242K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,050 | +0.087% | — | $176K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,048.9 | −0.014% | $170K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,048.9 | −0.015% | $688K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,048.2 | −0.085% | $1.9M | $2.4M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0066% | 1h | 1,049.2 | +0.015% | $178.2M | $100.1M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0070% | 8h | 1,048.9 | −0.012% | $2K | — | 5x | as long as short |
| OKX MU-USDT-SWAP | +0.0077% | 8h | 1,049.4 | +0.032% | $30.8M | $100.6M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,048.7 | −0.034% | $148K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,049.1 | +0.003% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,048.5 | −0.055% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,049.2 | +0.011% | $834 | $799 | 20x | as long as short |
| Injective MU/USDC PERP | +0.0107% | 1h | 1,051.4 | +0.221% | $19K | $5K | 12x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0128% | 1h | 1,050.3 | +0.117% | $761K | $1.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,048.8 | −0.020% | $32K | $1K | 10x | as long as short |
| Aster MUUSD1 | +0.0219% | 8h | 1,049.4 | +0.032% | $21.6M | $49.6M | 20x | as long as short |
| Variational Omni MUlong | +0.0219% | 8h | 1,049 | long leg | $2.7M | $2.4M | — | |
| Binance MUUSDT | +0.0232% | 8h | 1,049.2 | +0.017% | $126.4M | $524.5M | 50x | as long as short |
| GRVT MU_USDT_Perp | +0.0233% | 8h | 1,049.7 | +0.067% | $81K | $1.3M | 10x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,049.3 | +0.025% | $537K | $273K | 15x | as long as short |
| Bitget MUUSDT | +0.0312% | 8h | 1,049.2 | +0.015% | $20.3M | $41.9M | 50x | as long as short |
| BloFin MU-USDT | +0.0368% | 8h | 1,049.8 | +0.073% | $1.5M | $2.0M | 20x | as long as short |
| RISEx MU/USDC | +0.0507% | 1h | 1,049.3 | +0.022% | $333K | $348K | 20x | as long as short |
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
tradeXYZ xyz:MU
Paradex MU-USD-PERP
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Injective MU/USDC PERP
Coinbase International MU-PERP-INTX
Aevo MU-PERP
Aster MUUSD1
Binance MUUSDT
GRVT MU_USDT_Perp
Phoenix MU
Bitget MUUSDT
BloFin MU-USDT
RISEx MU/USDC