MU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h +0.001%

Price spread now: Extended against Deribit−0.045%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−$42as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.010%−$1 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.045%, 7d avg −0.018%

Together, before fees+0.073%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.027% cheaper against Deribit than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of −0.018%). If the spread goes back, that is −$3 on $10k: about 3.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MU_USDC-PERPETUAL	1,052.3	0.0007	pay 0.0001% / 1h	23m 25s	$70K	$432K	10x
Short	Extended MU_24_5-USD	1,051.9	0.0032	get 0.0004% / 1h	23m 25s	$566K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.045%Rate

Funding earned: $5.33
Price spread: −0.045% → −0.018%: −$2.7
Slippage, 4 orders: −$27.06
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$36.43
Costs to cover: 0.391%
Break-even: 54.9 days

Slippage from Deribit: live order book, 35 min ago; Extended: live order book, 5 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 Deribit live order book, 35 min ago	1.90 bp	15.3 bp −$15	17.8 bp −$178	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.05 bp	6.2 bp −$6	13.6 bp −$136	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	−0.0799%	4h	1,052	−0.033%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,052.6	+0.026%	$21.4M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.6	+0.026%	$31.2M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.8	+0.042%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.5	+0.016%	$62.3M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.6	+0.025%	$82K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.7	−0.056%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,053	+0.060%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.3	−0.005%	$131K	$434K	50x	as long as short
Deribit MU_USDC-PERPETUALlong	+0.0007%	1h	1,052.3	long leg	$70K	$432K	10x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MU	+0.0020%	8h	1,052	−0.033%	$2.7M	$2.4M	—	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,052.3	−0.003%	$3K	$44K	10x	as long as short
Bybit MUUSDT	+0.0029%	8h	1,052.9	+0.056%	$19.1M	$32.3M	100x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.4	+0.010%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USDshort	+0.0032%	1h	1,051.9	−0.045%	$566K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.092%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052.3	−0.007%	$7.1M	$17.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,052.1	−0.026%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.6	+0.123%	—	$176K	25x	as long as short
Bullet MU-USD	+0.0048%	1h	1,052.7	+0.035%	$25K	$396K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.4	+0.007%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.5	+0.019%	$691K	$16K	10x	as long as short
Nado MU-PERP	+0.0050%	1h	1,052	−0.034%	$282K	$837K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.6	−0.071%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,052.6	+0.025%	$2K	—	5x	as long as short
Binance MUUSDT	+0.0054%	8h	1,052.7	+0.036%	$126.8M	$516.6M	50x	as long as short
Lighter MU	+0.0056%	1h	1,052.5	+0.017%	$1.1M	$5.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0076%	1h	1,052.4	+0.007%	$178.9M	$98.9M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.1	−0.019%	$758K	$1.2M	10x	as long as short
Bitget MUUSDT	+0.0094%	8h	1,052.6	+0.023%	$20.5M	$41.1M	50x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,052.2	−0.012%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052	−0.030%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.3	+0.001%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052.4	+0.008%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.5	+0.017%	$837	$799	20x	as long as short
BloFin MU-USDT	+0.0177%	8h	1,052.1	−0.024%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.5	+0.016%	$538K	$271K	15x	as long as short