Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.022%

Price spread now: Variational Omni against Extended+0.071%7-day average +0.053% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%+$1 on $10k

Price spread, last 7 days−0.066%−$7 · spread now +0.071%, 7d avg +0.053%

Together, before fees−0.061%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,044.4	0.0032	pay 0.0004% / 1h	15m 34s	$548K	$1.1M	10x
Short	Variational Omni MU	1,045.2	0	get 0.0000% / 8h	3h 15m	$2.7M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.071%Rate

Funding earned: −$6.72
Price spread: +0.071% → +0.053%: $1.8
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.92
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 3 min ago; Variational Omni: RFQ quote, 4 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 Extended live order book, 3 min ago	0.05 bp	3.9 bp −$4	12.1 bp −$121	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	1.92 bp	doesn't fit	5.2 bp −$52	doesn't fit	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	−0.0649%	4h	1,044.1	−0.028%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,045.2	+0.080%	$21.2M	$56.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,045.3	+0.081%	$124.1M	$523.1M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,045.6	+0.114%	$18.7M	$31.8M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,045.2	+0.074%	$30.9M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,045.1	+0.070%	$337K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,044.9	+0.045%	$62.0M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,045.2	+0.076%	$20.5M	$41.6M	50x	as long as short
Variational Omni MUshort	0.0000%	8h	1,045.2	+0.071%	$2.7M	$2.4M	—
GRVT MU_USDT_Perp	0.0000%	8h	1,045.3	+0.089%	$83K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,044.2	−0.016%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.5	+0.294%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.1	+0.063%	$130K	$435K	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0008%	1h	1,045	+0.057%	$73K	$481K	10x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,044.5	+0.005%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,045	+0.052%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,044.9	+0.050%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,044.8	+0.036%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USDlong	+0.0032%	1h	1,044.4	long leg	$548K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.665%	$19K	$5K	12x	as long as short
Nado MU-PERP	+0.0034%	1h	1,044.8	+0.038%	$282K	$829K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,044.4	−0.004%	$70K	$232K	10x	as long as short
Bullet MU-USD	+0.0040%	1h	1,045.4	+0.090%	$26K	$392K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.6	+0.116%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,044.7	+0.028%	$176.8M	$95.3M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045	+0.056%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,044.9	+0.050%	$686K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,045.1	+0.071%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.2	−0.113%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,044.8	+0.037%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,044.7	+0.028%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,044.6	+0.017%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.9	−0.054%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,044.9	+0.047%	$831	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.6	+0.018%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,045.3	+0.083%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,044.2	−0.020%	$534K	$271K	15x	as long as short