Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0214%/8h= −23.4% APRpaid last 24h −0.010%

Price spread now: Vest against Variational Omni+0.038%7-day average +0.674% · you sell dearer than you buy

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

Long on Variational Omni Short on Vest

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 3 days (all we have)−0.012%−$1 · spread now +0.038%, 7d avg +0.674%

Together, before fees−0.029%+ Points / potential airdropVariational Omni: Active · Vest: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Vest is 0.636% cheaper against Variational Omni than usual: you would sell low and buy high (−$64 if the spread goes back to its 7-day average of +0.674%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.017% in total (about -1.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MU	1,050.4	0.0260	pay 0.0260% / 8h	6h 58m	$2.7M	$2.4M	—
Short	Vest MU-USD-PERP	1,050.8	0.0046	get 0.0006% / 1h	58m 02s	—	$179K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$44.95
Price spread: +0.038% → +0.674%: −$63.61
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: −$110.56
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Vest: no order-book sample. 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	4.1 bp −$41	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0387%	4h	1,050.6	+0.024%	$1.3M	$672K	10x	as long as short
Nado MU-PERP	−0.0020%	1h	1,049.5	−0.086%	$271K	$859K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.3	−0.101%	$62.4M	$27.3M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.3	−0.006%	$190K	$3.3M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,049.6	−0.073%	$26K	$397K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.4	+0.001%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.1	−0.120%	$65K	$315K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.4	−0.090%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.2	−0.013%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,049.2	−0.109%	$1.1M	$4.8M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,049.3	−0.099%	$1.2M	$4.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,049.6	−0.071%	$7.6M	$20.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.4	+0.003%	$71K	$242K	10x	as long as short
Vest MU-USD-PERPshort	+0.0046%	1h	1,050.8	+0.038%	—	$179K	25x
tradeXYZ xyz:MU	+0.0050%	1h	1,049.1	−0.120%	$178.1M	$100.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.3	−0.101%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.4	−0.090%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.1	−0.123%	$1.9M	$2.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0079%	8h	1,049.5	−0.077%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0098%	8h	1,049.3	−0.101%	$30.9M	$101.4M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,049.8	−0.051%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.4	−0.092%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.5	+0.015%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.6	−0.072%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.095%	$19K	$5K	12x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,049.6	−0.074%	$761K	$1.2M	10x	as long as short
Bybit MUUSDT	+0.0129%	8h	1,049.5	−0.081%	$19.3M	$32.6M	100x	as long as short
Aevo MU-PERP	+0.0152%	1h	1,049.1	−0.117%	$32K	$1K	10x	as long as short
Extended MU_24_5-USD	+0.0200%	1h	1,048.8	−0.148%	$563K	$1.2M	10x	as long as short
Variational Omni MUlong	+0.0260%	8h	1,050.4	long leg	$2.7M	$2.4M	—
Aster MUUSD1	+0.0265%	8h	1,050.1	−0.029%	$21.6M	$48.9M	20x	as long as short
Binance MUUSDT	+0.0269%	8h	1,049.5	−0.084%	$125.9M	$522.9M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.9	+0.051%	$538K	$273K	15x	as long as short
BloFin MU-USDT	+0.0392%	8h	1,050.4	+0.004%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0401%	8h	1,049.4	−0.089%	$20.5M	$41.6M	50x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,049.7	−0.059%	$316K	$340K	20x	as long as short
GRVT MU_USDT_Perp	+0.0549%	8h	1,050.6	+0.027%	$83K	$1.3M	10x	as long as short