MU

Alert

Funding spread now, next payment 16:00 UTC−0.0069%/8h

next payment, per $10,000−$0.69paid, last 24h−0.008%paid, last 3 days−0.070%to open and closeno order book

Long on Orderly Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MU_USDC_mythos	1,043.2	0.0100	pay 0.0100% / 8h	32m 24s	$829	$799	20x
Short	Variational Omni MU	1,040.3	0.0031	get 0.0031% / 8h	32m 24s	$2.7M	$2.7M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee Variational OmnibpOrdersRate

Funding earned: −$14.52
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$20.52
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.278%
Avg gap 7d: —

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 Orderly no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 3 min ago	1.88 bp	doesn't fit	4.4 bp −$44	doesn't fit	doesn't fit

Orderly: 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	$21.4M	$9.6M	20x	as long as short
Bybit MUUSDT	0.0000%	8h	$18.4M	$28.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	$30.7M	$89.0M	50x	as long as short
Gate MU_USDT	0.0000%	8h	$66.0M	$24.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	$188K	$1.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	$11K	$6.1M	10x	as long as short
HTX MU-USDT	0.0000%	8h	$129K	$438K	50x	as long as short
Variational Omni MUshort	+0.0031%	8h	$2.7M	$2.7M	—
Lighter MU	+0.0032%	1h	$978K	$4.4M	20x	as long as short
Lighter RH MU	+0.0032%	1h	$1.2M	$4.0M	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	$513K	$976K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	$14K	$143K	12x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0038%	1h	$55K	$86K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	$73K	$182K	10x	as long as short
QFEX MU-USD	+0.0045%	1h	$7.9M	$22.4M	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	—	$158K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	$177.3M	$93.4M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	$166K	$159K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	$688K	$11K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	$2.0M	$2.4M	10x	as long as short
Binance MUUSDT	+0.0054%	8h	$130.6M	$435.4M	50x	as long as short
Paradex MU-USD-PERP	+0.0061%	8h	$2K	—	5x	as long as short
Bullet MU-USD	+0.0064%	1h	$25K	$398K	10x	as long as short
Aevo MU-PERP	+0.0096%	1h	$33K	—	10x	as long as short
Pacifica MU	+0.0100%	1h	$157K	$99K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	$5.2M	$3.6M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythoslong	+0.0100%	8h	$829	$799	20x
Bitget MUUSDT	+0.0109%	8h	$20.4M	$36.1M	50x	as long as short
Nado MU-PERP	+0.0145%	1h	$286K	$727K	10x	as long as short
Phoenix MU	+0.0154%	1h	$528K	$190K	15x	as long as short
RISEx MU/USDC	+0.0173%	1h	$301K	$318K	20x	as long as short
BloFin MU-USDT	+0.0175%	8h	$1.5M	$1.4M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	$800K	$1.7M	10x	as long as short
Aftermath Perps MUUSD	+0.0221%	1h	$3K	$43K	10x	as long as short
edgeX MUUSDC	+0.0251%	4h	$1.3M	$670K	10x	as long as short