Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h −0.012%

Price spread now: Variational Omni against Arcus+0.065%7-day average +0.047% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.078%−$8 on $10k

Price spread, last 4 days (all we have)+0.211%+$21 · spread now +0.065%, 7d avg +0.047%

Together, before fees+0.132%+ Points / potential airdropVariational Omni: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.078%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MU-USD	1,050.9	0.0240	pay 0.0030% / 1h	2m 36s	$71K	$242K	10x
Short	Variational Omni MU	1,051.6	0.0256	get 0.0256% / 8h	7h 02m	$2.7M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee Variational OmnibpOrdersPrice spread, now +0.065%Rate

Funding earned: $3.33
Price spread: +0.065% → +0.047%: $1.75
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $0.59
Costs to cover: 0.045%
Break-even: 5.8 days

Slippage unknown: Arcus: live order book, 6 min ago; Variational Omni: RFQ quote, 2 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 Arcus live order book, 6 min ago	3.66 bp	9.4 bp −$9	14.4 bp −$144	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	1.90 bp	doesn't fit	3.7 bp −$37	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	−0.0631%	4h	1,051.5	+0.059%	$1.3M	$671K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.5	−0.037%	$62.6M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.6	−0.027%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.9	+0.098%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.3	−0.056%	$65K	$313K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.5	−0.040%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,051	+0.011%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.6	−0.029%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.047%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.8	+0.088%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0048%	1h	1,050.5	−0.038%	$1.1M	$4.8M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.5	−0.035%	$171K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.5	−0.040%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.9	−0.091%	$2.0M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,050.6	−0.022%	$7.6M	$21.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0082%	8h	1,050.5	−0.038%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0085%	1h	1,050.5	−0.032%	$274K	$857K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.4	−0.048%	$149K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.5	−0.038%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.9	+0.095%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.7	−0.016%	$835	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0105%	8h	1,050.6	−0.023%	$30.9M	$101.5M	50x	as long as short
Aevo MU-PERP	+0.0152%	1h	1,050.4	−0.042%	$32K	$1K	10x	as long as short
Bullet MU-USD	+0.0168%	1h	1,050.7	−0.016%	$26K	$396K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,050.5	−0.037%	$762K	$1.2M	10x	as long as short
Bybit MUUSDT	+0.0185%	8h	1,050.9	−0.001%	$19.4M	$32.6M	100x	as long as short
tradeXYZ xyz:MU	+0.0193%	1h	1,050.4	−0.045%	$178.4M	$100.2M	10x	as long as short
Arcus MU-USDlong	+0.0240%	1h	1,050.9	long leg	$71K	$242K	10x
Variational Omni MUshort	+0.0256%	8h	1,051.6	+0.065%	$2.7M	$2.4M	—
Aster MUUSD1	+0.0268%	8h	1,051	+0.012%	$21.6M	$48.4M	20x	as long as short
Binance MUUSDT	+0.0272%	8h	1,050.6	−0.029%	$126.3M	$521.5M	50x	as long as short
Extended MU_24_5-USD	+0.0272%	1h	1,050.1	−0.071%	$558K	$1.2M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,050.7	−0.012%	$316K	$340K	20x	as long as short
Phoenix MU	+0.0383%	1h	1,051.6	+0.069%	$538K	$306K	15x	as long as short
BloFin MU-USDT	+0.0391%	8h	1,050.6	−0.022%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0414%	8h	1,050.9	−0.001%	$20.6M	$41.6M	50x	as long as short
GRVT MU_USDT_Perp	+0.0582%	8h	1,051.5	+0.060%	$83K	$1.3M	10x	as long as short