MU

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0134%/8h= −14.7% APRnext payment −$0.17 per $10,000 · paid last 24h −0.044%

Price spread now: SoDEX against Coinbase International−0.012%7-day average +0.018% · 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−$43as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on Coinbase International Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.045%−$4 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now −0.012%, 7d avg +0.018%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SoDEX is 0.030% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.018%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,043.8	0.0184	pay 0.0023% / 1h	48m 59s	$756K	$1.4M	10x
Short	SoDEX MU-USD	1,043.7	0.0050	get 0.0006% / 1h	48m 59s	$685K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Coinbase International. 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 Coinbase InternationalbpFee SoDEXbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$28.14
Price spread: −0.012% → +0.018%: −$3.04
Slippage, 4 orders: −$22.25
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$71.44
Costs to cover: 0.403%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; SoDEX: live order book, 35 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 Coinbase International live order book, 5 min ago	3.12 bp	8.4 bp −$8	12.6 bp −$126	39.4 bp −$3,940	doesn't fit
Sell SoDEX live order book, 35 min ago	0.05 bp	11.6 bp −$12	40.8 bp −$408	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	−0.0180%	4h	1,043.7	−0.016%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.7	−0.016%	$62.9M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,043	−0.080%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,045.7	+0.179%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.4	−0.043%	$125K	$441K	50x	as long as short
OKX MU-USDT-SWAP	+0.0003%	8h	1,043.7	−0.016%	$30.7M	$104.5M	50x	as long as short
Aftermath Perps MUUSD	+0.0028%	1h	1,043.3	−0.050%	$3K	$44K	10x	as long as short
Aster MUUSD1	+0.0030%	8h	1,044.1	+0.023%	$21.5M	$47.0M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.3	−0.048%	$1.1M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.660%	$14K	$302	12x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MU-USD-PERP	+0.0046%	1h	1,043.3	−0.053%	—	$193K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,043.4	−0.040%	$165K	$180K	10x	as long as short
SoDEX MU-USDshort	+0.0050%	1h	1,043.7	−0.012%	$685K	$16K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,042.8	−0.097%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0071%	1h	1,043.5	−0.030%	$7.8M	$24.2M	10x	as long as short
Bitget MUUSDT	+0.0078%	8h	1,043.7	−0.011%	$20.4M	$43.0M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,043.2	−0.064%	$154K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,042.9	−0.088%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.6	−0.019%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.6	−0.019%	$830	$799	20x	as long as short
Variational Omni MU	+0.0105%	8h	1,043.7	−0.011%	$2.6M	$2.7M	—	as long as short
Aevo MU-PERP	+0.0112%	1h	1,043.5	−0.027%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0115%	8h	1,043.6	−0.021%	$2K	—	5x	as long as short
Binance MUUSDT	+0.0127%	8h	1,043.8	+0.002%	$125.0M	$537.9M	50x	as long as short
Lighter MU	+0.0176%	1h	1,043.4	−0.037%	$1.0M	$4.8M	20x	as long as short
Nado MU-PERP	+0.0181%	1h	1,042.7	−0.106%	$301K	$848K	10x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0184%	1h	1,043.8	long leg	$756K	$1.4M	10x
GRVT MU_USDT_Perp	+0.0192%	8h	1,043.7	−0.007%	$82K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0201%	8h	1,043.9	+0.006%	$19.1M	$32.5M	100x	as long as short
Bullet MU-USD	+0.0240%	1h	1,043.7	−0.016%	$25K	$400K	10x	as long as short
BloFin MU-USDT	+0.0247%	8h	1,044	+0.016%	$1.5M	$2.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0338%	1h	1,043.6	−0.021%	$176.3M	$107.1M	10x	as long as short
Phoenix MU	+0.0383%	1h	1,044.3	+0.046%	$534K	$306K	15x	as long as short
Arcus MU-USD	+0.0435%	1h	1,043.4	−0.040%	$63K	$230K	10x	as long as short
RISEx MU/USDC	+0.0499%	1h	1,044.1	+0.025%	$285K	$333K	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0546%	1h	1,043.5	−0.032%	$60K	$240K	10x	as long as short
Extended MU_24_5-USD	+0.0600%	1h	1,042.7	−0.108%	$540K	$1.1M	10x	as long as short