MU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0133%/8h= +14.5% APRnext payment +$0.17 per $10,000 · paid last 24h +0.015%

Price spread now: tradeXYZ against Deribit−0.023%7-day average −0.028% · 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−$47as in the Price arb table

costs, in and out, $10k−$480.477% of the position

Long on Deribit Short on tradeXYZ

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 3 days (all we have)+0.006%+$1 · spread now −0.023%, 7d avg −0.028%

Together, before fees+0.016%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MU_USDC-PERPETUAL	1,045.3	0.0123	pay 0.0015% / 1h	35m 55s	$62K	$265K	10x
Short	tradeXYZ xyz:MU	1,045.1	0.0256	get 0.0032% / 1h	35m 55s	$176.6M	$105.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.023%Rate

Funding earned: $27.87
Price spread: −0.023% → −0.028%: $0.5
Slippage, 4 orders: −$22.73
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$19.37
Costs to cover: 0.477%
Break-even: 11.9 days

Slippage from Deribit: live order book, 43 min ago; tradeXYZ: live order book, 4 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, 43 min ago	0.05 bp	14.4 bp −$14	17.2 bp −$172	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.48 bp	10.2 bp −$10	10.6 bp −$106	14.3 bp −$1,432	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	−0.0674%	4h	1,046	+0.060%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.3	−0.006%	$63.0M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.4	+0.009%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.3	+0.184%	$11K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.4	+0.002%	$124K	$454K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.2	−0.011%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.514%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0034%	1h	1,045.5	+0.018%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.8	+0.046%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.1	−0.023%	$166K	$197K	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	1,045.4	+0.010%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.9	−0.042%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.6	+0.029%	$7.8M	$23.9M	10x	as long as short
OKX MU-USDT-SWAP	+0.0081%	8h	1,045.2	−0.012%	$30.8M	$105.2M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,045.4	+0.003%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.1	−0.021%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,046.3	+0.092%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.5	+0.012%	$831	$799	20x	as long as short
Lighter MU	+0.0120%	1h	1,045.2	−0.011%	$1.0M	$4.8M	20x	as long as short
Deribit MU_USDC-PERPETUALlong	+0.0123%	1h	1,045.3	long leg	$62K	$265K	10x
Bitget MUUSDT	+0.0133%	8h	1,045.2	−0.018%	$20.5M	$43.6M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,045.3	0.000%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0139%	8h	1,045.6	+0.026%	$2K	—	5x	as long as short
Aster MUUSD1	+0.0173%	8h	1,045.7	+0.038%	$21.5M	$47.3M	20x	as long as short
Bullet MU-USD	+0.0179%	1h	1,045.5	+0.012%	$25K	$394K	10x	as long as short
Variational Omni MU	+0.0200%	8h	1,045.6	+0.028%	$2.7M	$2.5M	—	as long as short
Binance MUUSDT	+0.0210%	8h	1,045.2	−0.012%	$124.6M	$533.3M	50x	as long as short
Nado MU-PERP	+0.0217%	1h	1,045	−0.029%	$270K	$876K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.5	+0.012%	$757K	$1.3M	10x	as long as short
GRVT MU_USDT_Perp	+0.0255%	8h	1,046.3	+0.095%	$82K	$1.4M	10x	as long as short
tradeXYZ xyz:MUshort	+0.0256%	1h	1,045.1	−0.023%	$176.6M	$105.0M	10x
Bybit MUUSDT	+0.0281%	8h	1,045.4	+0.005%	$19.2M	$32.6M	100x	as long as short
BloFin MU-USDT	+0.0332%	8h	1,045.7	+0.038%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0460%	1h	1,045.9	+0.054%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.3	0.000%	$74K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046	+0.066%	$316K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0616%	1h	1,044.7	−0.064%	$542K	$1.1M	10x	as long as short