MU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.02 per $10,000 · paid last 24h +0.012%

Price spread now: Coinbase International against Deribit+0.102%7-day average −0.012% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$450.455% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.070%+$7 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.102%, 7d avg −0.012%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Coinbase International is 0.114% dearer against Deribit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MU_USDC-PERPETUAL	1,029.1	0.0080	pay 0.0010% / 1h	38m 15s	$72K	$628K	10x
Short	Coinbase International MU-PERP-INTX	1,030.1	0.0096	get 0.0012% / 1h	38m 15s	$719K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.102%Rate

Funding earned: $3.26
Price spread: +0.102% → −0.012%: $11.4
Slippage, 4 orders: −$28.47
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$30.82
Costs to cover: 0.455%
Break-even: 73.3 days

Slippage from Deribit: live order book, 61 min ago; Coinbase International: live order book, just now.

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 Deribit live order book, 61 min ago	3.76 bp	16.3 bp −$16	20.5 bp −$205	doesn't fit	doesn't fit
Sell Coinbase International live order book, just now	4.52 bp	9.5 bp −$10	12.7 bp −$127	49.0 bp −$4,901	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	−0.0357%	4h	1,029.7	+0.065%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0069%	8h	1,029.6	+0.049%	$19.9M	$40.3M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,029.4	+0.033%	$21.0M	$68.9M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,029.3	+0.024%	$121.3M	$543.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,029.3	+0.025%	$18.6M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,029.5	+0.042%	$29.4M	$101.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,029	−0.002%	$309K	$376K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,029.1	+0.004%	$61.7M	$27.9M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,029.4	+0.029%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,030.7	+0.158%	$72K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,029.1	+0.003%	$186K	$3.6M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,030.5	+0.141%	$11K	$5.4M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,029.1	+0.004%	$119K	$488K	50x	as long as short
Aftermath Perps MUUSD	+0.0025%	1h	1,029.5	+0.046%	$3K	$43K	10x	as long as short
QFEX MU-USD	+0.0027%	1h	1,029.2	+0.008%	$6.9M	$18.8M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,029.1	+0.007%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,028.3	−0.073%	$543K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.166%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,028.7	−0.036%	$89K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,028.8	−0.022%	—	$176K	25x	as long as short
Lighter MU	+0.0048%	1h	1,029.3	+0.020%	$988K	$4.9M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,028.9	−0.017%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,029	−0.011%	$675K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,028.5	−0.055%	$1.8M	$2.9M	10x	as long as short
Paradex MU-USD-PERP	+0.0056%	8h	1,028.8	−0.029%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0065%	1h	1,029	−0.007%	$174.0M	$79.4M	10x	as long as short
Nado MU-PERP	+0.0069%	1h	1,028.7	−0.033%	$262K	$811K	10x	as long as short
Bullet MU-USD	+0.0079%	1h	1,029.4	+0.034%	$25K	$388K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,028.8	−0.023%	$32K	$1K	10x	as long as short
Deribit MU_USDC-PERPETUALlong	+0.0080%	1h	1,029.1	long leg	$72K	$628K	10x
Coinbase International MU-PERP-INTXshort	+0.0096%	1h	1,030.1	+0.102%	$719K	$1.1M	10x
Pacifica MU	+0.0100%	1h	1,028.9	−0.018%	$146K	$194K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,028.8	−0.029%	$5.1M	$4.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,028.8	−0.024%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,028.9	−0.014%	$818	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,029.4	+0.033%	$1.5M	$2.2M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,029.9	+0.081%	$527K	$270K	15x	as long as short