Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.022%

Price spread now: Variational Omni against Extended+0.099%7-day average +0.053% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%+$1 on $10k

Price spread, last 7 days−0.094%−$9 · spread now +0.099%, 7d avg +0.053%

Together, before fees−0.089%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.046% dearer against Extended than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.053%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,040.3	0.0032	pay 0.0004% / 1h	5m 15s	$544K	$1.1M	10x
Short	Variational Omni MU	1,041.3	0	get 0.0000% / 8h	2h 05m	$2.5M	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.099%Rate

Funding earned: −$6.72
Price spread: +0.099% → +0.053%: $4.61
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.11
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 3 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 Extended live order book, 3 min ago	0.05 bp	4.7 bp −$5	11.6 bp −$116	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.21 bp	doesn't fit	5.7 bp −$57	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
Bitget MUUSDT	−0.0100%	8h	1,040.7	+0.040%	$20.3M	$41.2M	50x	as long as short
edgeX MUUSDC	−0.0061%	4h	1,041.4	+0.102%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,041.4	+0.104%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,041.1	+0.080%	$122.2M	$536.3M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,041.3	+0.094%	$18.7M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,041.1	+0.075%	$30.0M	$101.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,041.3	+0.097%	$316K	$382K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,041.1	+0.074%	$61.7M	$28.6M	75x	as long as short
Variational Omni MUshort	0.0000%	8h	1,041.3	+0.099%	$2.5M	$2.6M	—
GRVT MU_USDT_Perp	0.0000%	8h	1,041.6	+0.120%	$84K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,041.7	+0.137%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042.6	+0.215%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,040.7	+0.033%	$74K	$534K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,040.7	+0.039%	$128K	$442K	50x	as long as short
Aftermath Perps MUUSD	+0.0016%	1h	1,040.2	−0.013%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0021%	1h	1,041.1	+0.071%	$278K	$816K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,040.9	+0.059%	$7.0M	$18.3M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,040.6	+0.030%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USDlong	+0.0032%	1h	1,040.3	long leg	$544K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.062%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0036%	1h	1,041.3	+0.093%	$26K	$390K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,040.5	+0.018%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,041.6	+0.124%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,041	+0.066%	$177.1M	$90.8M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040.9	+0.057%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.6	+0.029%	$683K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,040.7	+0.041%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,041.1	+0.074%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,040.6	+0.031%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,041.3	+0.098%	$148K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,041	+0.070%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,041.8	+0.147%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,041	+0.069%	$828	$799	20x	as long as short
Lighter MU	+0.0112%	1h	1,040.8	+0.050%	$1.1M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.7	+0.039%	$1.4M	$2.1M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.417%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,041.2	+0.086%	$533K	$270K	15x	as long as short