Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.006%
Price spread now: Variational Omni against ApeX Omni+0.074%58s7-day average −0.009% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.074%, 7d avg −0.009%
=Together, before fees−0.124%+ Points / potential airdropVariational Omni: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.083% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of −0.009%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 4 days (−0.020% in total) that is about 15 days. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MUUSDT | 1,039.5 | 0.0100 | pay 0.0013% / 1h | 10m 36s | $71K | $269K | 50x |
| Short | Variational Omni MU | 1,040.3 | 0 | get 0.0000% / 8h | 2h 10m | $2.5M | $2.5M | — |
ApeX Omni MUUSDT
Variational Omni MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against ApeX 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
- −$21
- Price spread: +0.074% → −0.009%
- $8.29
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$22.71
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: ApeX Omni: live order book, 36 min ago; Variational Omni: RFQ quote, 4 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 ApeX Omni live order book, 36 min ago | 7.68 bp | 19.7 bp −$20 | 186.9 bp −$1,869 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 1.88 bp | doesn't fit | 6.3 bp −$63 | 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 | −0.0148% | 4h | 1,038.9 | −0.059% | $1.3M | $671K | 10x | as long as short |
| Bitget MUUSDT | −0.0145% | 8h | 1,040.1 | +0.058% | $20.3M | $41.2M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,040.6 | +0.104% | $21.2M | $57.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,040.4 | +0.087% | $122.1M | $535.3M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,040.7 | +0.114% | $18.7M | $32.1M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,040.4 | +0.088% | $30.0M | $101.5M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,040.6 | +0.107% | $316K | $382K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,040.5 | +0.089% | $61.6M | $28.6M | 75x | as long as short |
| Variational Omni MUshort | 0.0000% | 8h | 1,040.3 | +0.074% | $2.5M | $2.5M | — | |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,037.3 | −0.211% | $84K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,039.6 | +0.007% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,041.6 | +0.200% | $11K | $5.7M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,040.3 | +0.078% | $74K | $528K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,040.4 | +0.088% | $128K | $438K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0015% | 1h | 1,037.8 | −0.162% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0023% | 1h | 1,040.2 | +0.068% | $7.0M | $18.2M | 10x | as long as short |
| Nado MU-PERP | +0.0023% | 1h | 1,040.2 | +0.060% | $277K | $817K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,040.2 | +0.063% | $1.2M | $4.6M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,039.8 | +0.024% | $538K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.138% | $19K | $5K | 12x | as long as short |
| Bullet MU-USD | +0.0037% | 1h | 1,040.5 | +0.093% | $26K | $389K | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,038.9 | −0.063% | $70K | $231K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,040.3 | +0.072% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,040.1 | +0.055% | $176.9M | $92.0M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,040.2 | +0.064% | $169K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,040.1 | +0.058% | $683K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,039.7 | +0.012% | $1.9M | $2.5M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0054% | 8h | 1,040.7 | +0.108% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,040.1 | +0.058% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,039.9 | +0.037% | $148K | $189K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,040.2 | +0.062% | $5.2M | $3.8M | 20x | as long as short |
| ApeX Omni MUUSDTlong | +0.0100% | 1h | 1,039.5 | long leg | $71K | $269K | 50x | |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,040.7 | +0.111% | $827 | $799 | 20x | as long as short |
| Lighter MU | +0.0104% | 1h | 1,040.4 | +0.087% | $1.0M | $5.0M | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,040.8 | +0.120% | $1.5M | $2.1M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0144% | 1h | 1,036 | −0.342% | $731K | $1.3M | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,039 | −0.051% | $531K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Nado MU-PERP
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Bullet MU-USD
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
Lighter MU
BloFin MU-USDT
Coinbase International MU-PERP-INTX
Phoenix MU