MU

Alert

Funding spread now, next payment 14:00 UTC−0.0018%/8h

paid, last 24h−0.035%paid, last 3 days−0.041%to open and closeno order book

Long on Ondo Perps Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MU-USD.P	1,047.5	0.0050	pay 0.0006% / 1h	27m 22s	$2.0M	$2.2M	10x
Short	Variational Omni MU	1,040.4	0.0033	get 0.0033% / 8h	2h 27m	$2.5M	$1.9M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee Variational OmnibpOrdersRate

Funding earned: −$3.72
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.72
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.672%
Avg gap 7d: +0.073%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 3 min ago	1.92 bp	doesn't fit	5.1 bp −$51	doesn't fit	doesn't fit

Ondo Perps: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster MUUSD1	0.0000%	8h	$21.6M	$7.0M	20x	as long as short
Bybit MUUSDT	0.0000%	8h	$18.7M	$16.4M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	$30.5M	$51.3M	50x	as long as short
Gate MU_USDT	0.0000%	8h	$67.5M	$14.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	$190K	$647K	20x	as long as short
SunX MU-USDT	0.0000%	8h	$11K	$3.2M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	$52K	$70K	10x	as long as short
HTX MU-USDT	0.0000%	8h	$138K	$351K	50x	as long as short
Aftermath Perps MUUSD	+0.0031%	1h	$3K	$41K	10x	as long as short
Lighter RH MU	+0.0032%	1h	$1.3M	$3.3M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended MU_24_5-USD	+0.0032%	1h	$526K	$822K	10x	as long as short
Variational Omni MUshort	+0.0033%	8h	$2.5M	$1.9M	—
Injective MU/USDC PERP	+0.0033%	1h	$15K	$225K	12x	as long as short
Lighter MU	+0.0040%	1h	$970K	$3.0M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	$66K	$161K	10x	as long as short
QFEX MU-USD	+0.0042%	1h	$7.8M	$20.5M	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	—	$47K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	$166K	$153K	10x	as long as short
Ondo Perps MU-USD.Plong	+0.0050%	1h	$2.0M	$2.2M	10x
Binance MUUSDT	+0.0053%	8h	$129.8M	$225.2M	50x	as long as short
Paradex MU-USD-PERP	+0.0064%	8h	$2K	—	5x	as long as short
Bitget MUUSDT	+0.0096%	8h	$21.1M	$18.1M	50x	as long as short
Aevo MU-PERP	+0.0096%	1h	$33K	—	10x	as long as short
Pacifica MU	+0.0100%	1h	$153K	$85K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	$5.3M	$1.7M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	$160	—	20x	as long as short
Nado MU-PERP	+0.0104%	1h	$245K	$365K	10x	as long as short
Bullet MU-USD	+0.0132%	1h	$25K	$396K	10x	as long as short
tradeXYZ xyz:MU	+0.0133%	1h	$173.4M	$68.1M	10x	as long as short
BloFin MU-USDT	+0.0173%	8h	$1.5M	$1.1M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0208%	1h	$869K	$1.2M	10x	as long as short
RISEx MU/USDC	+0.0210%	1h	$315K	$254K	20x	as long as short
Phoenix MU	+0.0309%	1h	$531K	$153K	15x	as long as short
SoDEX MU-USD	+0.0314%	1h	$694K	$8K	10x	as long as short
edgeX MUUSDC	+0.0860%	4h	$1.3M	$466K	10x	as long as short