Funding arb · Price arb / RWA

MU

RWAAll MU markets →

LONGApeX Omni▾RISEx 0.0000%Gate 0.0000%StandX 0.0000%SunX 0.0000%Deribit 0.0000%HTX 0.0000%Lighter RH +0.0032%Arcus +0.0038%QFEX +0.0039%Aftermath Perps +0.0043%Vest Markets +0.0046%Polymarket Perps +0.0050%Ondo Perps +0.0050%Popdex +0.0064%Paradex +0.0088%Nado +0.0099%Pacifica +0.0100%ApeX Omni +0.0100%Lighter +0.0104%Aevo +0.0144%SoDEX +0.0149%Aster +0.0199%Bullet +0.0219%Bybit +0.0220%Injective +0.0220%Variational Omni +0.0237%OKX +0.0240%tradeXYZ +0.0247%KuCoin +0.0248%BingX +0.0250%GRVT +0.0252%Binance +0.0262%Bitget +0.0263%Avantis +0.0266%Coinbase International +0.0312%Extended +0.0336%Phoenix +0.0371%BloFin +0.0383%edgeX +0.0507%

⇄⇅

SHORTKraken Futures▾edgeX +0.0507%Kraken Futures +0.0401%BloFin +0.0383%Phoenix +0.0371%Extended +0.0336%Coinbase International +0.0312%Bitget +0.0263%Binance +0.0262%GRVT +0.0252%BingX +0.0250%KuCoin +0.0248%tradeXYZ +0.0247%OKX +0.0240%Variational Omni +0.0237%Avantis −0.0230%Injective +0.0220%Bybit +0.0220%Bullet +0.0219%Aster +0.0199%SoDEX +0.0149%Aevo +0.0144%Lighter +0.0104%Pacifica +0.0100%Nado +0.0099%Paradex +0.0088%Popdex +0.0064%Ondo Perps +0.0050%Polymarket Perps +0.0050%Vest Markets +0.0046%Aftermath Perps +0.0043%QFEX +0.0039%Arcus +0.0038%Lighter RH +0.0032%RISEx 0.0000%Gate 0.0000%StandX 0.0000%SunX 0.0000%Deribit 0.0000%HTX 0.0000%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ApeX OmniMUUSDT	1,082.6	+0.0100	pay 0.0013% / 1h	42m 26s	$72K	$270K	50x	Long ApeX Omni5% off
SHORT	Kraken FuturesPF_MUUSD	1,080.8	+0.0401	get 0.0050% / 1h	42m 26s	$245K	$558K	20x	Short Kraken Futures

Price gap−0.169%62s

Funding gap+0.0301% /8h

Funding pays +$9 a day on $10k, but the gap is 0.130% under its 7d average: −$13 if it goes back, about 35 hours of funding.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.033% in total, about −0.0016%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.169%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

ApeX OmniKraken Futures

MU on 40 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

• !
  Watch: Thin at this size18.1 / 15.0 bp

  At $10k entering ApeX Omni costs 18.1 bp, fee and slippage, 1.2× Kraken Futures’s.
• i
  Note: Margin at max leverage$200 + $500

  ApeX Omni 50x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long ApeX Omni · 1h−$3.00

  Short Kraken Futures · 1h+$12.04

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$9.04Long ApeX Omni: 24 payments, −$3.00; short Kraken Futures: 24 payments, +$12.04.
• !
  Watch: Prices read 62 s apart−0.169% vs −0.038%

  Part of this gap may be the market moving.
• !
  Watch: Long leg is thinner$72K vs $245K OI

  ApeX Omni sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCApeX Omni No · Kraken Futures Yes

  Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0016%/8h × 21 periods−$3.27

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$44.78

Fee ApeX Omni bp × 2 orders−$10.00

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k−$68.05

price spread not counted: prices read too far apart

Costs to cover0.648%Break-evennever at this rate

Slippage: ApeX Omni: live order book, 16 min ago; Kraken Futures: live order book, 17 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGApeX Omni6.9518.1 bp−$18174.0 bp−$1,740doesn’t fitdoesn’t fit

SELL · SHORTKraken Futures3.0115.0 bp−$1591.4 bp−$914doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

MU news

posts that mention MU or Micron Technology, from every exchangeSearch all news →

10-01 02:30	MEXC	Other	Revenue 🟢 EPS 🟢 Margins 🟢 $MU after the print: still pretty muted. 👀 Already priced in? @MEXC on X ↗
09-30 20:09	Backpack	Other	JUST IN: Micron beats Q4 earnings expectations ▸ Adjusted EPS: $33.42 vs $31.72 expected ▸ Revenue: $54.23B vs $51.3B expected $MU is available for stock trading, 24/7 perpetuals and as collateral 🎒 @Backpack on X ↗
09-30 19:45	Vest Markets	Other	Trade $MU pre-earnings volatility with a Vest Capital funded account. Access up to $25k in trading capital at: @VestExchange on X ↗
09-30 19:45	Vest Markets	Other	$MU reports fiscal Q4 results after today's close, with consensus at $50.78B in revenue and $31.28 adjusted EPS. → Revenue: $41.46B in fiscal Q3, against $23.86B in fiscal Q2 and $13.64B in fiscal Q1 → Guidance: $50.0B ±$1.0B for fiscal Q4, with an 86% gross margin and $31.00 adjusted EPS The shares enter the print with $MU up around 275% this year and about 12% below its 52-week high, and the quarter runs 14 weeks, per the 10-Q. Cloud Memory and Core Data Center revenue reached $13.77B and $11.52B in fiscal Q3, with the fiscal 2027 outlook, HBM4 economics, DRAM pricing and record capital spending the watch items. @VestExchange on X ↗
09-30 19:11	Polymarket Perps	Other	MEMORY SUPERCYCLE Micron $MU reports earnings after the bell today. Trade the reaction on Polymarket Perps with no market hours. Go long or short with up to 10x leverage. @Poly_Perps on X ↗
09-30 17:30	MEXC	Other	$MU has been ripping into earnings. Now the market gets the next read on margins, capex, and AI demand. 👀 Same event. Different instincts. Which read sounds like you? 👇 #MEXCTradFi #MEXC0FEE @MEXC on X ↗