Funding arb · Price arb / RWA

MU

RWAAll MU markets →

LONGAZAZverse▾Aster 0.0000%QFEX 0.0000%KuCoin 0.0000%Bitget 0.0000%StandX 0.0000%SunX 0.0000%Deribit 0.0000%edgeX +0.0010%Arcus +0.0038%Vest Markets +0.0046%Gate +0.0046%Backpack +0.0050%ApeX Omni +0.0100%Reya +0.0100%Orderly +0.0100%Phemex +0.0100%TxFlow +0.0100%Aevo +0.0120%HTX +0.0148%Variational Omni +0.0148%MEXC +0.0162%Binance +0.0165%Lighter RH +0.0224%AZverse +0.0241%Nado +0.0243%Lighter +0.0264%Phoenix +0.0269%BloFin +0.0282%Kraken Futures +0.0317%GRVT +0.0353%Paradex +0.0378%Bybit +0.0379%BingX +0.0409%OKX +0.0436%RISEx +0.0437%tradeXYZ +0.0475%Extended +0.0480%Popdex +0.0560%Polymarket Perps +0.0578%Aftermath Perps +0.0588%Avantis +0.0658%SoDEX +0.0867%Ondo Perps +0.0910%Pacifica +0.0952%Bullet +0.1119%

⇄⇅

SHORTInjective▾Bullet +0.1119%Pacifica +0.0952%Ondo Perps +0.0910%SoDEX +0.0867%Avantis −0.0621%Aftermath Perps +0.0588%Polymarket Perps +0.0578%Popdex +0.0560%Extended +0.0480%tradeXYZ +0.0475%RISEx +0.0437%OKX +0.0436%BingX +0.0409%Bybit +0.0379%Paradex +0.0378%GRVT +0.0353%Kraken Futures +0.0317%BloFin +0.0282%Phoenix +0.0269%Lighter +0.0264%Nado +0.0243%Lighter RH +0.0224%Binance +0.0165%MEXC +0.0162%Variational Omni +0.0148%HTX +0.0148%Aevo +0.0120%ApeX Omni +0.0100%Reya +0.0100%Orderly +0.0100%Phemex +0.0100%TxFlow +0.0100%Backpack +0.0050%Gate +0.0046%Vest Markets +0.0046%Arcus +0.0038%Injective +0.0033%edgeX +0.0010%Aster 0.0000%QFEX 0.0000%KuCoin 0.0000%Bitget 0.0000%StandX 0.0000%SunX 0.0000%Deribit 0.0000%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	AZAZversemu_usdt	893.59	+0.0241	pay 0.0030% / 1h	19m 19s	$953K	$251K	—	Long AZverse
SHORT	InjectiveMU/USDC PERP	880.08	+0.0033	get 0.0004% / 1h	19m 19s	$9K	$256K	10x	Short Injective

Price gap−1.511%119s

Funding gap−0.0208% /8h

Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 1.079% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 17 hours it paid +0.013% in total, about +0.0061%/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−1.511%

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

AZverseInjective

MU on 46 exchanges

lowest funding first

Before you open

2 ok · 2 to watch

• i
  Note: Order book unknown—

  No order-book sample for AZverse and Injective: its slippage is not counted.
• i
  Note: Margin at max leverage— + $1,000

  AZverse —, Injective 10x. 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 AZverse · 1h−$7.24

  Short Injective · 1h+$1.00

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

  Next 24h at the current rates, on $10k a leg: −$6.24Long AZverse: 24 payments, −$7.24; short Injective: 24 payments, +$1.00.
• !
  Watch: Prices read 119 s apart−1.511% vs −0.433%

  Part of this gap may be the market moving.
• !
  Watch: Short leg is thinner$9K vs $953K OI

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

  Neither exchange runs points right now.
• ✓
  OK: No KYC on either legAZverse No · Injective No

  Both exchanges let you trade without ID.

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+0.0061%/8h × 21 periods+$12.78

Price spreadprices read too far apart to compare—

Slippage, 4 ordersno data for AZverse and Injective—

Fee AZverse bp × 2 orders−$12.00

Fee Injective bp × 2 orders−$0.02

Net, fees only · 7 days · $10k+$0.76

price spread not counted: prices read too far apart

Costs to cover0.120%Break-even6.6 days

Slippage: AZverse: no order-book sample; Injective: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGAZverse—————

SELL · SHORTInjective—————

Closing costs about the same again.
AZverse and Injective: no data.

Alert

FundingSpread

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

Create alert

FundingPrice spread

I'm in

MU news

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

10-22 22:57	Injective	Token	The second-ever Injective Stockdrop kicks off next week. Anyone who participated in the $INJ BuyBack yesterday has a chance to earn a tokenized stock on Solana. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
10-22 10:40	Reya	Listing	$AMD $MU $INTC perps are live on Reya. Accelerators, memory and fabs. Three more ways to be right. Or wrong. Trade RWAs Up to 15x, around the clock. Not inside yet? Join the waitlist. @reya_xyz on X ↗
10-21 03:55	HTX	Other	10 trades on the radar. 3 setups worth watching: $XRP → Spot ETF inflows hit $591M $MU → AI memory demand stays strong $USOIL → Hormuz mine strikes, supply down What’s on your watchlist? 👇 Trade 24/7 on @HTXFutures @HTX_Global on X ↗
10-20 18:42	Injective	Other	@solana 3/ Companies featured this event: Major names across nearly every industry, including giants like $NVDA, $TSLA, $AMC, $MU, $META, and more. @injective on X ↗
10-20 13:01	Reya	Listing	new market MURUSDPERP ($MU) seen by our collector
10-14 16:12	Phoenix	Other	ASML says its supply won't fully meet demand in 2027 and 2028. $ASML on Phoenix is flat over the last 24 hours, while $TSM, $NVDA, $MU and $AMAT are down 1.3–2.9%. @PhoenixTrade on X ↗