Funding you earn now, next payment 00:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h +0.018%
Price spread now: Deribit against Variational Omni−0.038%7-day average −0.015% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.002%$0 on $10k
+Price spread, last 3 days (all we have)−0.006%−$1 · spread now −0.038%, 7d avg −0.015%
=Together, before fees−0.008%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.023% cheaper against Variational Omni than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MU | 1,046.1 | 0.0202 | pay 0.0202% / 8h | 37m 51s | $2.6M | $2.5M | — |
| Short | Deribit MU_USDC-PERPETUAL | 1,045.7 | 0.0104 | get 0.0013% / 1h | 37m 51s | $62K | $263K | 10x |
Variational Omni MU
Deribit MU_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Variational Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$20.51
- Price spread: −0.038% → −0.015%
- −$2.32
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$29.83
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Deribit: live order book, 41 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 Variational Omni RFQ quote, 1 min ago | 1.91 bp | doesn't fit | 6.2 bp −$62 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 41 min ago | 0.05 bp | 13.2 bp −$13 | 17.3 bp −$173 | 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 | −0.0600% | 4h | 1,046 | −0.004% | $1.3M | $672K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,045.8 | −0.031% | $63.0M | $29.0M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,045.5 | −0.055% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,047.7 | +0.151% | $11K | $6.5M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,045.5 | −0.051% | $124K | $444K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,045.6 | −0.046% | $1.2M | $4.2M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.443% | $14K | $302 | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0034% | 1h | 1,045.7 | −0.040% | $3K | $45K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,046.1 | −0.001% | — | $194K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,045.5 | −0.055% | $166K | $197K | 10x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
Vest MU-USD-PERP
Polymarket Perps MU-USDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MU-USD | +0.0050% | 1h | 1,045.7 | −0.041% | $686K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,044.9 | −0.112% | $2.0M | $2.7M | 10x | as long as short |
| QFEX MU-USD | +0.0080% | 1h | 1,045.8 | −0.028% | $7.9M | $23.9M | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0081% | 8h | 1,045.6 | −0.042% | $30.8M | $105.2M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,045.9 | −0.015% | $153K | $182K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,045.6 | −0.046% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,045.6 | −0.045% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,045.6 | −0.044% | $831 | $799 | 20x | as long as short |
| Deribit MU_USDC-PERPETUALshort | +0.0104% | 1h | 1,045.7 | −0.038% | $62K | $263K | 10x | |
| Bitget MUUSDT | +0.0135% | 8h | 1,045.6 | −0.042% | $20.5M | $43.6M | 50x | as long as short |
| Lighter MU | +0.0136% | 1h | 1,045.6 | −0.050% | $997K | $4.8M | 20x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,045.6 | −0.046% | $33K | — | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0143% | 8h | 1,045.7 | −0.035% | $2K | — | 5x | as long as short |
| Aster MUUSD1 | +0.0174% | 8h | 1,046.3 | +0.024% | $21.6M | $47.3M | 20x | as long as short |
| Bullet MU-USD | +0.0196% | 1h | 1,045.7 | −0.032% | $24K | $394K | 10x | as long as short |
| Variational Omni MUlong | +0.0202% | 8h | 1,046.1 | long leg | $2.6M | $2.5M | — | |
| Binance MUUSDT | +0.0213% | 8h | 1,045.7 | −0.038% | $124.6M | $533.1M | 50x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0224% | 1h | 1,045.5 | −0.058% | $757K | $1.4M | 10x | as long as short |
| Nado MU-PERP | +0.0226% | 1h | 1,045.4 | −0.069% | $270K | $877K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0255% | 8h | 1,046.3 | +0.024% | $82K | $1.4M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0267% | 1h | 1,045.5 | −0.055% | $176.7M | $105.0M | 10x | as long as short |
| Bybit MUUSDT | +0.0284% | 8h | 1,045.8 | −0.023% | $19.2M | $32.6M | 100x | as long as short |
| BloFin MU-USDT | +0.0333% | 8h | 1,046.1 | +0.006% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0460% | 1h | 1,046.4 | +0.031% | $535K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0462% | 1h | 1,045.6 | −0.047% | $74K | $240K | 10x | as long as short |
| RISEx MU/USDC | +0.0525% | 1h | 1,046.2 | +0.008% | $316K | $339K | 20x | as long as short |
| Extended MU_24_5-USD | +0.0648% | 1h | 1,045.2 | −0.084% | $542K | $1.1M | 10x | as long as short |
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Bitget MUUSDT
Lighter MU
Aevo MU-PERP
Paradex MU-USD-PERP
Aster MUUSD1
Bullet MU-USD
Binance MUUSDT
Coinbase International MU-PERP-INTX
Nado MU-PERP
GRVT MU_USDT_Perp
tradeXYZ xyz:MU
Bybit MUUSDT
BloFin MU-USDT
Phoenix MU
Arcus MU-USD
RISEx MU/USDC
Extended MU_24_5-USD