Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.024%

Price spread now: Variational Omni against HTX+0.105%7-day average −0.005% · you sell dearer than you buy

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.061%+$6 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.105%, 7d avg −0.005%

Together, before fees−0.067%+ Points / potential airdropVariational Omni: Active · farm board−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.110% dearer against HTX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MU-USDT	1,040.3	0	get 0.0000% / 8h	2h 03m	$128K	$442K	50x
Short	Variational Omni MU	1,041.3	0	get 0.0000% / 8h	2h 03m	$2.5M	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now +0.105%Rate

Funding earned: $0
Price spread: +0.105% → −0.005%: $11.03
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.97
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 45 min ago; Variational Omni: RFQ quote, 1 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 HTX live order book, 45 min ago	3.16 bp	9.2 bp −$9	13.6 bp −$136	19.1 bp −$1,909	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	1.92 bp	doesn't fit	5.5 bp −$55	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
Bitget MUUSDT	−0.0090%	8h	1,040.7	+0.046%	$20.3M	$41.2M	50x	as long as short
edgeX MUUSDC	−0.0008%	4h	1,041.1	+0.084%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,041.1	+0.079%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,040.7	+0.047%	$122.1M	$536.3M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,040.9	+0.063%	$18.7M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,040.8	+0.056%	$30.0M	$101.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,040.7	+0.040%	$316K	$382K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,040.4	+0.016%	$61.7M	$28.6M	75x	as long as short
Variational Omni MUshort	0.0000%	8h	1,041.3	+0.105%	$2.5M	$2.6M	—
GRVT MU_USDT_Perp	0.0000%	8h	1,041.6	+0.126%	$84K	$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	1,040.6	+0.031%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,041.9	+0.156%	$11K	$5.7M	10x	as long as short
HTX MU-USDTlong	0.0000%	8h	1,040.3	long leg	$128K	$442K	50x
Aftermath Perps MUUSD	+0.0017%	1h	1,040.4	+0.010%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0022%	1h	1,040	−0.027%	$277K	$816K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,040.3	+0.006%	$7.0M	$18.3M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,040.6	+0.037%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,039.8	−0.047%	$544K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.068%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0038%	1h	1,040.4	+0.014%	$26K	$389K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,040.3	+0.002%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040.6	+0.037%	—	$175K	25x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0048%	1h	1,040.1	−0.016%	$74K	$535K	10x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,040.6	+0.034%	$177.0M	$90.8M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040.1	−0.014%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.8	+0.048%	$683K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,039.7	−0.058%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,040.6	+0.031%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,040.2	−0.005%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,040.4	+0.013%	$148K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,040.5	+0.026%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,040.9	+0.065%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.6	+0.033%	$827	$799	20x	as long as short
Lighter MU	+0.0112%	1h	1,040.8	+0.056%	$1.1M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.9	+0.062%	$1.4M	$2.1M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.411%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,041.2	+0.091%	$533K	$270K	15x	as long as short