Funding you earn now, next payment 08:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.92 per $10,000 · paid last 24h +0.001%
Price spread now: Paradex against Variational Omni−0.065%53s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · Paradex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Paradex is 0.065% cheaper against Variational Omni than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 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 | 1,050.2 | 0.0151 | pay 0.0151% / 8h | 5h 58m | $2.7M | $2.4M | — |
| Short | Paradex MU-USD-PERP | 1,049.5 | 0.0059 | get 0.0059% / 8h | 5h 58m | $2K | — | 5x |
Variational Omni MU
Paradex MU-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$19.38
- Price spread: −0.065% → 0.000%
- −$6.49
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$29.87
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, just now; Paradex: 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, just now | 1.90 bp | doesn't fit | 5.5 bp −$55 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 36 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 | −0.0458% | 4h | 1,050.3 | +0.011% | $1.3M | $672K | 10x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,049.6 | −0.057% | $334K | $347K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,050.1 | −0.008% | $62.1M | $27.3M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,049.2 | −0.092% | $190K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,051.2 | +0.094% | $11K | $5.9M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,049.9 | −0.030% | $129K | $427K | 50x | as long as short |
| Bybit MUUSDT | +0.0002% | 8h | 1,050.8 | +0.057% | $19.2M | $32.5M | 100x | as long as short |
| GRVT MU_USDT_Perp | +0.0011% | 8h | 1,050.4 | +0.024% | $79K | $1.3M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0017% | 1h | 1,049.2 | −0.098% | $3K | $45K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,050.5 | +0.027% | $1.2M | $4.2M | 10x | as long as short |
edgeX MUUSDC
RISEx MU/USDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Bybit MUUSDT
GRVT MU_USDT_Perp
Aftermath Perps MUUSD
Lighter RH MUShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MU_24_5-USD | +0.0032% | 1h | 1,049.1 | −0.101% | $564K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.111% | $19K | $5K | 12x | as long as short |
| QFEX MU-USD | +0.0040% | 1h | 1,049.3 | −0.081% | $7.3M | $18.7M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,049.7 | −0.045% | $71K | $235K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0042% | 8h | 1,050.5 | +0.029% | $31.0M | $100.3M | 50x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,050.1 | −0.007% | — | $175K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,049.4 | −0.075% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,049.6 | −0.055% | $689K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,049.4 | −0.073% | $1.9M | $2.3M | 10x | as long as short |
| Paradex MU-USD-PERPshort | +0.0059% | 8h | 1,049.5 | −0.065% | $2K | — | 5x | |
| Lighter MU | +0.0088% | 1h | 1,050.5 | +0.030% | $1.1M | $4.8M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,049.5 | −0.067% | $756K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,048.9 | −0.128% | $148K | $187K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,049.9 | −0.032% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,050.3 | +0.008% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,049.9 | −0.032% | $835 | $799 | 20x | as long as short |
| Aster MUUSD1 | +0.0120% | 8h | 1,050.1 | −0.009% | $21.7M | $51.9M | 20x | as long as short |
| Aevo MU-PERP | +0.0120% | 1h | 1,049.6 | −0.055% | $32K | $1K | 10x | as long as short |
| Nado MU-PERP | +0.0149% | 1h | 1,048.7 | −0.138% | $278K | $851K | 10x | as long as short |
| Variational Omni MUlong | +0.0151% | 8h | 1,050.2 | long leg | $2.7M | $2.4M | — | |
| Binance MUUSDT | +0.0170% | 8h | 1,050.7 | +0.045% | $126.7M | $521.2M | 50x | as long as short |
| Bitget MUUSDT | +0.0175% | 8h | 1,050.1 | −0.006% | $20.6M | $41.2M | 50x | as long as short |
| Bullet MU-USD | +0.0187% | 1h | 1,049.6 | −0.052% | $26K | $396K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0231% | 1h | 1,050.2 | +0.001% | $178.3M | $99.4M | 10x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,050.8 | +0.058% | $537K | $271K | 15x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0312% | 1h | 1,049.8 | −0.040% | $66K | $350K | 10x | as long as short |
Extended MU_24_5-USD
Injective MU/USDC PERP
QFEX MU-USD
Arcus MU-USD
OKX MU-USDT-SWAP
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Lighter MU
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aster MUUSD1
Aevo MU-PERP
Nado MU-PERP
Binance MUUSDT
Bitget MUUSDT
Bullet MU-USD
tradeXYZ xyz:MU
Phoenix MU
Deribit MU_USDC-PERPETUAL