Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.021%
Price spread now: tradeXYZ against Variational Omni−0.011%7-day average −0.068% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.009%+$1 on $10k
+Price spread, last 7 days−0.020%−$2 · spread now −0.011%, 7d avg −0.068%
=Together, before fees−0.011%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.057% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MU | 1,038.1 | 0 | get 0.0000% / 8h | 1h 24m | $2.5M | $2.6M | — |
| Short | tradeXYZ xyz:MU | 1,038 | 0.0050 | get 0.0006% / 1h | 24m 17s | $176.3M | $86.7M | 10x |
Variational Omni MU
tradeXYZ xyz:MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: −0.011% → −0.068%
- $5.7
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$1.8
- Costs to cover
- 0.180%
- Break-even
- 8.2 days
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; tradeXYZ: live order book, 6 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, 5 min ago | 1.88 bp | doesn't fit | 6.3 bp −$63 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 1.45 bp | 10.4 bp −$10 | 11.2 bp −$112 | 16.4 bp −$1,641 | 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 | −0.0957% | 4h | 1,037.7 | −0.040% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDT | −0.0206% | 8h | 1,038.4 | +0.031% | $20.2M | $40.3M | 50x | as long as short |
| Nado MU-PERP | −0.0004% | 1h | 1,037.8 | −0.031% | $279K | $815K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,038.5 | +0.038% | $21.1M | $59.7M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.4 | +0.026% | $121.7M | $537.7M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,038.3 | +0.018% | $18.6M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,038.1 | −0.002% | $29.9M | $100.0M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,038.1 | −0.005% | $313K | $387K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038 | −0.010% | $61.6M | $28.6M | 75x | as long as short |
| Variational Omni MUlong | 0.0000% | 8h | 1,038.1 | long leg | $2.5M | $2.6M | — |
edgeX MUUSDC
Bitget MUUSDT
Nado MU-PERP
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,037.9 | −0.019% | $83K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,038 | −0.007% | $188K | $3.5M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,038.2 | +0.013% | $25K | $389K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039.5 | +0.135% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,037.9 | −0.017% | $74K | $567K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,037.9 | −0.019% | $128K | $441K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0013% | 1h | 1,037.2 | −0.084% | $3K | $44K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,038.6 | +0.049% | $1.1M | $4.9M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,038.4 | +0.029% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,038 | −0.008% | $537K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,037.9 | −0.018% | $7.0M | $18.6M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.276% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.4 | −0.068% | $70K | $230K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,038.3 | +0.015% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MUshort | +0.0050% | 1h | 1,038 | −0.011% | $176.3M | $86.7M | 10x | |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,037.9 | −0.021% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,038.2 | +0.011% | $681K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,036.8 | −0.127% | $1.8M | $2.6M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0052% | 8h | 1,038 | −0.016% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.9 | −0.019% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.6 | −0.047% | $147K | $190K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,037.7 | −0.040% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,037.6 | −0.049% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038 | −0.010% | $825 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,036 | −0.202% | $731K | $1.2M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,037.9 | −0.019% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,037.8 | −0.030% | $531K | $270K | 15x | as long as short |
GRVT MU_USDT_Perp
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Phoenix MU