Funding you earn now, next payment 23:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.011%
Price spread now: Injective against Variational Omni+0.620%61s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 pays, funding is against you. Injective is 0.620% dearer against Variational Omni than usual: you sell high and buy low (spread +0.620% now, against zero (this spread has no 7-day history yet)): +$62 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 days. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MU | 1,044.2 | 0.0122 | pay 0.0122% / 8h | 1h 32m | $2.6M | $2.7M | — |
| Short | Injective MU/USDC PERP | 1,050.7 | 0.0033 | get 0.0004% / 1h | 32m 18s | $14K | $302 | 12x |
Variational Omni MU
Injective MU/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$18.68
- Price spread: +0.620% → 0.000%
- $62.01
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $43.31
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Injective: 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, 2 min ago | 1.91 bp | doesn't fit | 5.8 bp −$58 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.0897% | 4h | 1,044.1 | −0.012% | $1.3M | $673K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,043.9 | −0.033% | $62.9M | $29.0M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,043.2 | −0.098% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,046.2 | +0.185% | $11K | $6.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,043.9 | −0.032% | $125K | $441K | 50x | as long as short |
| OKX MU-USDT-SWAP | +0.0020% | 8h | 1,043.9 | −0.029% | $30.9M | $104.8M | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0030% | 1h | 1,043.7 | −0.051% | $3K | $45K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,043.7 | −0.047% | $1.2M | $4.2M | 10x | as long as short |
| Injective MU/USDC PERPshort | +0.0033% | 1h | 1,050.7 | +0.620% | $14K | $302 | 12x | |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,043.5 | −0.072% | — | $193K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
OKX MU-USDT-SWAP
Aftermath Perps MUUSD
Lighter RH MU
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 | 1,043.8 | −0.042% | $165K | $180K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,043.9 | −0.037% | $685K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,043 | −0.114% | $2.0M | $2.7M | 10x | as long as short |
| Aster MUUSD1 | +0.0064% | 8h | 1,044.5 | +0.022% | $21.5M | $47.4M | 20x | as long as short |
| QFEX MU-USD | +0.0071% | 1h | 1,043.9 | −0.031% | $7.8M | $24.2M | 10x | as long as short |
| Bitget MUUSDT | +0.0092% | 8h | 1,043.9 | −0.028% | $20.4M | $43.0M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,043.5 | −0.068% | $154K | $182K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,043.3 | −0.091% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,044.7 | +0.045% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,044 | −0.021% | $830 | $799 | 20x | as long as short |
| Aevo MU-PERP | +0.0120% | 1h | 1,043.8 | −0.041% | $33K | — | 10x | as long as short |
| Variational Omni MUlong | +0.0122% | 8h | 1,044.2 | long leg | $2.6M | $2.7M | — | |
| Paradex MU-USD-PERP | +0.0129% | 8h | 1,043.9 | −0.032% | $2K | — | 5x | as long as short |
| Binance MUUSDT | +0.0146% | 8h | 1,044.1 | −0.018% | $124.9M | $536.8M | 50x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,043.9 | −0.035% | $756K | $1.4M | 10x | as long as short |
| Lighter MU | +0.0192% | 1h | 1,043.9 | −0.037% | $1.0M | $4.8M | 20x | as long as short |
| Nado MU-PERP | +0.0203% | 1h | 1,042.9 | −0.125% | $302K | $847K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0205% | 8h | 1,044.4 | +0.015% | $82K | $1.4M | 10x | as long as short |
| Bybit MUUSDT | +0.0227% | 8h | 1,044.2 | 0.000% | $19.1M | $32.6M | 100x | as long as short |
| Bullet MU-USD | +0.0263% | 1h | 1,044 | −0.022% | $26K | $397K | 10x | as long as short |
| BloFin MU-USDT | +0.0265% | 8h | 1,044.1 | −0.009% | $1.5M | $2.0M | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0338% | 1h | 1,043.8 | −0.042% | $176.4M | $107.0M | 10x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,044.6 | +0.035% | $534K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0435% | 1h | 1,043.6 | −0.062% | $63K | $230K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0498% | 1h | 1,043.9 | −0.032% | $61K | $246K | 10x | as long as short |
| RISEx MU/USDC | +0.0499% | 1h | 1,044.4 | +0.016% | $285K | $333K | 20x | as long as short |
| Extended MU_24_5-USD | +0.0640% | 1h | 1,043 | −0.121% | $541K | $1.1M | 10x | as long as short |
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Aster MUUSD1
QFEX MU-USD
Bitget MUUSDT
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aevo MU-PERP
Paradex MU-USD-PERP
Binance MUUSDT
Coinbase International MU-PERP-INTX
Lighter MU
Nado MU-PERP
GRVT MU_USDT_Perp
Bybit MUUSDT
Bullet MU-USD
BloFin MU-USDT
tradeXYZ xyz:MU
Phoenix MU
Arcus MU-USD
Deribit MU_USDC-PERPETUAL
RISEx MU/USDC
Extended MU_24_5-USD