MU

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0470%/8h= −51.5% APRnext payment −$0.59 per $10,000 · paid last 24h −0.029%

Price spread now: Arcus against Extended+0.066%7-day average 0.000% · 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−$16as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Extended Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.096%+$10 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.066%, 7d avg 0.000%

Together, before fees+0.095%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.066% dearer against Extended than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of 0.000%): +$7 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 11 hours. Mind the row above: over the last 3 days funding on this pair paid +0.096%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.096% in total (about 10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,041.7	0.0696	pay 0.0087% / 1h	9m 09s	$540K	$1.1M	10x
Short	Arcus MU-USD	1,042.4	0.0226	get 0.0028% / 1h	9m 09s	$63K	$230K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Extended. 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 ExtendedbpFee ArcusbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$98.68
Price spread: +0.066% → 0.000%: $6.62
Slippage, 4 orders: −$13.56
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$115.11
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Arcus: live order book, 14 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 Extended live order book, 4 min ago	0.05 bp	4.4 bp −$4	14.4 bp −$144	doesn't fit	doesn't fit
Sell Arcus live order book, 14 min ago	3.02 bp	8.7 bp −$9	9.6 bp −$96	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	−0.0291%	4h	1,043	+0.126%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,043	+0.125%	$21.5M	$46.4M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,042.5	+0.078%	$30.7M	$104.2M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,042.4	+0.073%	$62.9M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,042.6	+0.091%	$188K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,044.5	+0.271%	$11K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042.5	+0.079%	$125K	$442K	50x	as long as short
Aftermath Perps MUUSD	+0.0028%	1h	1,042.6	+0.092%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.3	+0.063%	$1.1M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.866%	$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	1,042.2	+0.052%	—	$193K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,042.2	+0.049%	$165K	$180K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,042.5	+0.073%	$684K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,041.4	−0.026%	$2.0M	$2.6M	10x	as long as short
QFEX MU-USD	+0.0057%	1h	1,042.6	+0.085%	$7.8M	$24.1M	10x	as long as short
Bitget MUUSDT	+0.0072%	8h	1,042.5	+0.075%	$20.4M	$42.9M	50x	as long as short
Variational Omni MU	+0.0082%	8h	1,043	+0.126%	$2.7M	$2.7M	—	as long as short
Pacifica MU	+0.0100%	1h	1,041.9	+0.018%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,042.2	+0.050%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,041.9	+0.021%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,042.6	+0.085%	$829	$799	20x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,042.4	+0.066%	$33K	—	10x	as long as short
Binance MUUSDT	+0.0107%	8h	1,042.6	+0.088%	$124.7M	$540.4M	50x	as long as short
Paradex MU-USD-PERP	+0.0118%	8h	1,042.5	+0.079%	$2K	—	5x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,043.8	+0.205%	$756K	$1.4M	10x	as long as short
GRVT MU_USDT_Perp	+0.0176%	8h	1,043.2	+0.142%	$82K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0188%	8h	1,042.7	+0.098%	$19.1M	$32.5M	100x	as long as short
Lighter MU	+0.0192%	1h	1,042.4	+0.066%	$998K	$4.8M	20x	as long as short
Nado MU-PERP	+0.0194%	1h	1,041.7	0.000%	$306K	$845K	10x	as long as short
RISEx MU/USDC	+0.0202%	1h	1,042.8	+0.110%	$285K	$333K	20x	as long as short
tradeXYZ xyz:MU	+0.0212%	1h	1,042.3	+0.059%	$176.2M	$107.2M	10x	as long as short
Arcus MU-USDshort	+0.0226%	1h	1,042.4	+0.066%	$63K	$230K	10x
BloFin MU-USDT	+0.0227%	8h	1,043	+0.128%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0230%	1h	1,043.3	+0.155%	$534K	$303K	15x	as long as short
Bullet MU-USD	+0.0231%	1h	1,042.7	+0.097%	$25K	$400K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0268%	1h	1,042.5	+0.073%	$59K	$229K	10x	as long as short
Extended MU_24_5-USDlong	+0.0696%	1h	1,041.7	long leg	$540K	$1.1M	10x