MU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0151%/8h= +16.5% APRnext payment +$0.19 per $10,000 · paid last 24h −0.006%

Price spread now: Bullet against Extended+0.092%7-day average +0.051% · 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−$18as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on Extended Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.080%+$8 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.092%, 7d avg +0.051%

Together, before fees−0.024%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bullet is 0.041% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,049.7	0.0032	pay 0.0004% / 1h	57m 17s	$564K	$1.1M	10x
Short	Bullet MU-USD	1,050.7	0.0183	get 0.0023% / 1h	57m 17s	$26K	$396K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.092%Rate

Funding earned: $31.65
Price spread: +0.092% → +0.051%: $4.14
Slippage, 4 orders: −$9.35
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bullet: 4 bp × 2 orders: −$8
Net: $13.45
Costs to cover: 0.223%
Break-even: 4.0 days

Slippage from Extended: live order book, 1 min ago; Bullet: live order book, 7 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, 1 min ago	0.05 bp	6.5 bp −$6	11.8 bp −$118	doesn't fit	doesn't fit
Sell Bullet live order book, 7 min ago	0.95 bp	6.6 bp −$7	21.0 bp −$210	doesn't fit	doesn't fit

MU on 36 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	−0.0458%	4h	1,050.3	+0.058%	$1.3M	$672K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.8	+0.101%	$333K	$347K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.5	+0.078%	$62.1M	$27.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	+0.042%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.2	+0.241%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.6	+0.084%	$129K	$427K	50x	as long as short
Bybit MUUSDT	+0.0004%	8h	1,050.8	+0.106%	$19.2M	$32.5M	100x	as long as short
GRVT MU_USDT_Perp	+0.0017%	8h	1,050.2	+0.047%	$79K	$1.3M	10x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,049.7	+0.001%	$3K	$45K	10x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.4	+0.070%	$7.3M	$18.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,050.3	+0.061%	$1.2M	$4.2M	10x	as long as short
Extended MU_24_5-USDlong	+0.0032%	1h	1,049.7	long leg	$564K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.158%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050	+0.026%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAP	+0.0043%	8h	1,050.7	+0.095%	$31.0M	$100.3M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.1	+0.131%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.3	+0.057%	$171K	$202K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.8	+0.013%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0060%	8h	1,050.6	+0.088%	$2K	—	5x	as long as short
Lighter MU	+0.0096%	1h	1,050.4	+0.062%	$1.1M	$4.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	+0.023%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,049.9	+0.018%	$149K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.2	+0.048%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.6	−0.013%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.7	+0.098%	$835	$799	20x	as long as short
Nado MU-PERP	+0.0110%	1h	1,050	+0.030%	$279K	$851K	10x	as long as short
Aster MUUSD1	+0.0120%	8h	1,050.5	+0.081%	$21.7M	$52.0M	20x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,050.1	+0.042%	$32K	$1K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0121%	1h	1,050.3	+0.054%	$66K	$351K	10x	as long as short
Variational Omni MU	+0.0151%	8h	1,050.2	+0.047%	$2.7M	$2.4M	—	as long as short
SoDEX MU-USD	+0.0162%	1h	1,050.4	+0.065%	$689K	$16K	10x	as long as short
tradeXYZ xyz:MU	+0.0169%	1h	1,050.3	+0.057%	$178.3M	$99.5M	10x	as long as short
Binance MUUSDT	+0.0170%	8h	1,050.6	+0.089%	$126.7M	$520.4M	50x	as long as short
Bitget MUUSDT	+0.0173%	8h	1,050.6	+0.084%	$20.6M	$41.2M	50x	as long as short
Bullet MU-USDshort	+0.0183%	1h	1,050.7	+0.092%	$26K	$396K	10x
Phoenix MU	+0.0304%	1h	1,050.8	+0.105%	$537K	$271K	15x	as long as short