Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.007%

Price spread now: Variational Omni against Aevo+0.025%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Variational Omni

What this pair did over the last

the charts below follow

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. Variational Omni is 0.025% dearer against Aevo than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MU-PERP	1,051.5	0.0088	pay 0.0011% / 1h	12m 16s	$32K	$1K	10x
Short	Variational Omni MU	1,051.8	0.0003	get 0.0003% / 8h	4h 12m	$2.7M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aevo. 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 AevobpFee Variational OmnibpOrdersPrice spread, now +0.025%Rate

Funding earned: −$17.8
Price spread: +0.025% → 0.000%: $2.53
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$31.28
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 2 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 Aevo no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 2 min ago	2.19 bp	doesn't fit	5.0 bp −$50	doesn't fit	doesn't fit

Aevo: 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	−0.0084%	4h	1,051.4	−0.006%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,052.3	+0.076%	$21.4M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.1	+0.052%	$31.2M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052	+0.051%	$341K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.9	+0.041%	$62.3M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,051.7	+0.016%	$81K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.5	−0.001%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.1	+0.059%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,051.6	+0.011%	$72K	$443K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.5	0.000%	$131K	$434K	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MUshort	+0.0003%	8h	1,051.8	+0.025%	$2.7M	$2.4M	—
Bybit MUUSDT	+0.0021%	8h	1,052.1	+0.057%	$19.1M	$32.3M	100x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,051.9	+0.035%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,052	+0.049%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.6	+0.005%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.014%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,051.7	+0.017%	$7.1M	$17.8M	10x	as long as short
Binance MUUSDT	+0.0039%	8h	1,052.1	+0.058%	$126.6M	$516.5M	50x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.6	+0.007%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053	+0.146%	—	$176K	25x	as long as short
Nado MU-PERP	+0.0047%	1h	1,051.5	−0.001%	$282K	$836K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.7	+0.019%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,051.9	+0.036%	$690K	$16K	10x	as long as short
Bullet MU-USD	+0.0050%	1h	1,052	+0.048%	$26K	$395K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051	−0.044%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,051.9	+0.040%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.1	+0.052%	$1.1M	$5.1M	20x	as long as short
Bitget MUUSDT	+0.0069%	8h	1,052.1	+0.058%	$20.5M	$41.1M	50x	as long as short
tradeXYZ xyz:MU	+0.0072%	1h	1,051.7	+0.019%	$178.7M	$99.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.9	+0.132%	$759K	$1.2M	10x	as long as short
Aevo MU-PERPlong	+0.0088%	1h	1,051.5	long leg	$32K	$1K	10x
Pacifica MU	+0.0100%	1h	1,051.8	+0.029%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.8	+0.024%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051	−0.046%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.9	+0.038%	$836	$799	20x	as long as short
BloFin MU-USDT	+0.0161%	8h	1,051.9	+0.036%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.5	+0.095%	$538K	$271K	15x	as long as short