Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.006%

Price spread now: ApeX Omni against Variational Omni−0.023%7-day average +0.008% · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.023%, 7d avg +0.008%

Together, before fees+0.032%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.031% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.008%). If the spread goes back, that is −$3 on $10k: about 3.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MU	1,052.2	0.0071	pay 0.0071% / 8h	5h 02m	$2.7M	$2.4M	—
Short	ApeX Omni MUUSDT	1,052	0.0100	get 0.0013% / 1h	2m 59s	$71K	$268K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now −0.023%Rate

Funding earned: $6.06
Price spread: −0.023% → +0.008%: −$3.1
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$7.04
Costs to cover: 0.100%
Break-even: 15.1 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; ApeX Omni: live order book, 59 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, 1 min ago	1.90 bp	doesn't fit	5.2 bp −$52	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 59 min ago	6.23 bp	16.4 bp −$16	189.4 bp −$1,894	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	−0.0935%	4h	1,052.3	+0.007%	$1.3M	$672K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.3	+0.006%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.1	−0.010%	$62.1M	$27.6M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.5	+0.029%	$78K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.9	−0.031%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,053.8	+0.153%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,051.8	−0.034%	$69K	$392K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.9	−0.030%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0007%	8h	1,052.3	+0.013%	$19.2M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	+0.0013%	8h	1,052.5	+0.029%	$31.1M	$99.9M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MUUSD	+0.0018%	1h	1,052	−0.020%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0030%	1h	1,051.8	−0.037%	$7.2M	$18.0M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.2	−0.002%	$1.3M	$4.5M	10x	as long as short
Aster MUUSD1	+0.0033%	8h	1,052.3	+0.011%	$21.4M	$55.0M	20x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.079%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.8	−0.040%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.3	+0.109%	—	$175K	25x	as long as short
Nado MU-PERP	+0.0047%	1h	1,051.8	−0.036%	$282K	$844K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.9	−0.028%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.1	−0.008%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.5	−0.064%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,052.2	+0.002%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.2	+0.005%	$1.1M	$5.1M	20x	as long as short
Extended MU_24_5-USD	+0.0056%	1h	1,051.6	−0.055%	$564K	$1.1M	10x	as long as short
tradeXYZ xyz:MU	+0.0061%	1h	1,052	−0.018%	$178.5M	$98.9M	10x	as long as short
Bullet MU-USD	+0.0062%	1h	1,052.2	+0.004%	$26K	$398K	10x	as long as short
Variational Omni MUlong	+0.0071%	8h	1,052.2	long leg	$2.7M	$2.4M	—
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,051.9	−0.024%	$758K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052	−0.018%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.1	−0.013%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDTshort	+0.0100%	1h	1,052	−0.023%	$71K	$268K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.2	+0.001%	$836	$799	20x	as long as short
Binance MUUSDT	+0.0102%	8h	1,052.3	+0.014%	$126.7M	$517.6M	50x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,051.8	−0.036%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0137%	8h	1,052	−0.016%	$20.6M	$41.0M	50x	as long as short
BloFin MU-USDT	+0.0222%	8h	1,052.2	0.000%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0229%	1h	1,052.5	+0.029%	$538K	$271K	15x	as long as short