Funding you earn now, next payment 16:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.039%
Price spread now: Variational Omni against BloFin−0.092%101s7-day average −0.016% · 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)−0.141%−$14 on $10k
+Price spread, last 4 days (all we have)+0.256%+$26 · spread now −0.092%, 7d avg −0.016%
=Together, before fees+0.115%+ Points / potential airdropVariational Omni: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.076% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.016%). Swap the legs. The two prices were read 101 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 | BloFin MU-USDT | 1,033.3 | 0.0120 | pay 0.0120% / 8h | 6h 57m | $1.4M | $2.3M | 20x |
| Short | Variational Omni MU | 1,032.4 | 0 | get 0.0000% / 8h | 6h 57m | $2.5M | $2.7M | — |
BloFin MU-USDT
Variational Omni MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against BloFin. 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
- −$25.2
- Price spread: −0.092% → −0.016%
- −$7.57
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$44.77
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago | 0.05 bp | 6.4 bp −$6 | 8.3 bp −$83 | 12.1 bp −$1,210 | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 1.89 bp | doesn't fit | 3.1 bp −$31 | 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 | −0.0349% | 4h | 1,033.1 | −0.020% | $1.3M | $694K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,033 | −0.038% | $21.1M | $69.7M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,032.7 | −0.060% | $121.4M | $550.9M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,032.7 | −0.062% | $29.1M | $104.5M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,032.3 | −0.102% | $61.6M | $27.5M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,032.6 | −0.072% | $19.5M | $41.8M | 50x | as long as short |
| Variational Omni MUshort | 0.0000% | 8h | 1,032.4 | −0.092% | $2.5M | $2.7M | — | |
| StandX MU-USD | 0.0000% | 1h | 1,032.5 | −0.079% | $187K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,034.4 | +0.105% | $11K | $5.2M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,033.2 | −0.018% | $119K | $492K | 50x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps MUUSD | +0.0029% | 1h | 1,032.5 | −0.081% | $3K | $43K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,032.3 | −0.102% | $1.1M | $4.5M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.744% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,033.1 | −0.028% | — | $179K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,032.5 | −0.081% | $167K | $177K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,031.6 | −0.165% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0059% | 1h | 1,032.3 | −0.104% | $7.0M | $19.0M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,032.8 | −0.057% | $32K | $1K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0091% | 8h | 1,032.5 | −0.085% | $2K | — | 5x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,032.2 | −0.106% | $146K | $227K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,032.4 | −0.087% | $5.1M | $5.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,032.1 | −0.118% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,033.1 | −0.026% | $821 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0107% | 1h | 1,033.1 | −0.025% | $294K | $372K | 20x | as long as short |
| SoDEX MU-USD | +0.0115% | 1h | 1,033 | −0.030% | $678K | $13K | 10x | as long as short |
| BloFin MU-USDTlong | +0.0120% | 8h | 1,033.3 | long leg | $1.4M | $2.3M | 20x | |
| Bybit MUUSDT | +0.0120% | 8h | 1,032.9 | −0.040% | $18.7M | $32.5M | 100x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,032.3 | −0.100% | $90K | $233K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,030.9 | −0.233% | $720K | $1.1M | 10x | as long as short |
| Nado MU-PERP | +0.0170% | 1h | 1,032.1 | −0.125% | $264K | $811K | 10x | as long as short |
| Lighter MU | +0.0184% | 1h | 1,032.7 | −0.062% | $1.0M | $5.0M | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0210% | 1h | 1,032.2 | −0.110% | $174.7M | $78.4M | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,032.7 | −0.062% | $529K | $268K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0256% | 1h | 1,031.7 | −0.156% | $542K | $1.1M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0356% | 8h | 1,032.8 | −0.053% | $73K | $1.4M | 10x | as long as short |
| Bullet MU-USD | +0.0373% | 1h | 1,033.5 | +0.014% | $26K | $387K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0525% | 1h | 1,033.1 | −0.020% | $72K | $636K | 10x | as long as short |
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Vest MU-USD-PERP
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Aevo MU-PERP
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
SoDEX MU-USD
Bybit MUUSDT
Arcus MU-USD
Coinbase International MU-PERP-INTX
Nado MU-PERP
Lighter MU
tradeXYZ xyz:MU
Phoenix MU
Extended MU_24_5-USD
GRVT MU_USDT_Perp
Bullet MU-USD
Deribit MU_USDC-PERPETUAL