MU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0106%/8h= +11.6% APRnext payment +$0.13 per $10,000 · paid last 24h +0.022%

Price spread now: Coinbase International against Bullet−0.096%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on Bullet Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 3 days (all we have)+0.026%+$3 · spread now −0.096%, 7d avg −0.050%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.047% cheaper against Bullet than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of −0.050%). If the spread goes back, that is −$5 on $10k: about 35 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet MU-USD	1,045.9	0.0118	pay 0.0015% / 1h	22m 02s	$25K	$394K	10x
Short	Coinbase International MU-PERP-INTX	1,044.9	0.0224	get 0.0028% / 1h	22m 02s	$757K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bullet. 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 BulletbpFee Coinbase InternationalbpOrdersPrice spread, now −0.096%Rate

Funding earned: $22.26
Price spread: −0.096% → −0.050%: −$4.65
Slippage, 4 orders: −$10.28
Fee Bullet: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$10.67
Costs to cover: 0.283%
Break-even: 10.4 days

Slippage from Bullet: live order book, 57 min ago; Coinbase International: live order book, 1 min ago.

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 Bullet live order book, 57 min ago	0.48 bp	6.2 bp −$6	19.3 bp −$193	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	2.58 bp	7.6 bp −$8	9.3 bp −$93	64.4 bp −$6,440	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	−0.0561%	4h	1,045.3	−0.057%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.7	−0.026%	$63.0M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.2	−0.067%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.4	+0.139%	$12K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.5	−0.038%	$129K	$455K	50x	as long as short
Aftermath Perps MUUSD	+0.0030%	1h	1,045.2	−0.071%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.6	−0.030%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.457%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.8	−0.010%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.4	−0.050%	$169K	$193K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MU-USD	+0.0050%	1h	1,045.7	−0.021%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.6	−0.130%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0074%	8h	1,045.9	−0.001%	$30.8M	$105.0M	50x	as long as short
Lighter MU	+0.0080%	1h	1,045.6	−0.029%	$1.0M	$4.9M	20x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.4	−0.054%	$7.9M	$23.9M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.5	−0.043%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.3	−0.057%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.9	−0.004%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.6	−0.028%	$831	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0115%	8h	1,045.5	−0.043%	$2K	—	5x	as long as short
Bitget MUUSDT	+0.0118%	8h	1,045.6	−0.036%	$20.5M	$43.5M	50x	as long as short
Bullet MU-USDlong	+0.0118%	1h	1,045.9	long leg	$25K	$394K	10x
Aevo MU-PERP	+0.0128%	1h	1,045.5	−0.039%	$33K	—	10x	as long as short
Aster MUUSD1	+0.0161%	8h	1,045.9	−0.005%	$21.5M	$47.3M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0161%	1h	1,045.6	−0.036%	$62K	$275K	10x	as long as short
Nado MU-PERP	+0.0163%	1h	1,045.2	−0.070%	$271K	$875K	10x	as long as short
Variational Omni MU	+0.0183%	8h	1,045.3	−0.062%	$2.7M	$2.5M	—	as long as short
Binance MUUSDT	+0.0189%	8h	1,045.8	−0.008%	$124.4M	$532.7M	50x	as long as short
tradeXYZ xyz:MU	+0.0202%	1h	1,045.5	−0.041%	$176.7M	$104.5M	10x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0224%	1h	1,044.9	−0.096%	$757K	$1.3M	10x
GRVT MU_USDT_Perp	+0.0226%	8h	1,045.3	−0.064%	$82K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0267%	8h	1,045.9	−0.007%	$19.2M	$32.4M	100x	as long as short
BloFin MU-USDT	+0.0310%	8h	1,045.5	−0.044%	$1.5M	$2.0M	20x	as long as short
Extended MU_24_5-USD	+0.0384%	1h	1,045	−0.085%	$541K	$1.1M	10x	as long as short
Phoenix MU	+0.0460%	1h	1,046.1	+0.017%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.3	−0.065%	$70K	$244K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,045.9	−0.004%	$316K	$339K	20x	as long as short