MU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0224%/8h= −24.5% APRnext payment −$0.28 per $10,000 · paid last 24h +0.017%

Price spread now: Coinbase International against Extended+0.062%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$220.216% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 on $10k

Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.062%, 7d avg +0.002%

Together, before fees+0.150%+ Points / potential airdropExtended: Active · farm board+$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.060% dearer against Extended than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of +0.002%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 21 hours. Mind the row above: over the last 7 days funding on this pair paid +0.186%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,044.4	0.0448	pay 0.0056% / 1h	26m 44s	$541K	$1.1M	10x
Short	Coinbase International MU-PERP-INTX	1,045.1	0.0224	get 0.0028% / 1h	26m 44s	$757K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$47.04
Price spread: +0.062% → +0.002%: $6
Slippage, 4 orders: −$6.62
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$62.66
Costs to cover: 0.216%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Coinbase International: live order book, 2 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	3.9 bp −$4	13.8 bp −$138	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	1.96 bp	7.0 bp −$7	9.7 bp −$97	63.0 bp −$6,297	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	−0.0857%	4h	1,045.2	+0.077%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.2	+0.069%	$63.0M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,044.9	+0.045%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.7	+0.218%	$11K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,044.9	+0.042%	$129K	$455K	50x	as long as short
Aftermath Perps MUUSD	+0.0031%	1h	1,044.8	+0.035%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.1	+0.067%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.601%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.2	+0.070%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,044.8	+0.035%	$169K	$189K	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	+0.049%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.9	−0.051%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0076%	8h	1,045.3	+0.082%	$30.8M	$105.0M	50x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.2	+0.068%	$7.8M	$23.9M	10x	as long as short
Lighter MU	+0.0096%	1h	1,045.2	+0.073%	$1.0M	$4.9M	20x	as long as short
Pacifica MU	+0.0100%	1h	1,045.3	+0.083%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,044.9	+0.045%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.6	+0.112%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045	+0.058%	$831	$799	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0114%	1h	1,044.8	+0.033%	$62K	$271K	10x	as long as short
Paradex MU-USD-PERP	+0.0121%	8h	1,045.2	+0.074%	$2K	—	5x	as long as short
Bitget MUUSDT	+0.0122%	8h	1,045	+0.058%	$20.4M	$43.6M	50x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,044.9	+0.045%	$33K	—	10x	as long as short
Bullet MU-USD	+0.0133%	1h	1,045.1	+0.060%	$24K	$394K	10x	as long as short
Aster MUUSD1	+0.0161%	8h	1,045.5	+0.104%	$21.5M	$47.3M	20x	as long as short
Nado MU-PERP	+0.0180%	1h	1,044.6	+0.016%	$271K	$875K	10x	as long as short
Variational Omni MU	+0.0191%	8h	1,045.3	+0.087%	$2.7M	$2.5M	—	as long as short
Binance MUUSDT	+0.0193%	8h	1,045.3	+0.085%	$124.3M	$533.2M	50x	as long as short
tradeXYZ xyz:MU	+0.0218%	1h	1,045.1	+0.063%	$176.6M	$105.1M	10x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0224%	1h	1,045.1	+0.062%	$757K	$1.3M	10x
GRVT MU_USDT_Perp	+0.0235%	8h	1,045.3	+0.082%	$82K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0271%	8h	1,045.5	+0.102%	$19.2M	$32.5M	100x	as long as short
BloFin MU-USDT	+0.0314%	8h	1,045.1	+0.065%	$1.5M	$2.0M	20x	as long as short
Extended MU_24_5-USDlong	+0.0448%	1h	1,044.4	long leg	$541K	$1.1M	10x
Phoenix MU	+0.0460%	1h	1,045.3	+0.083%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045	+0.058%	$70K	$244K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,045.7	+0.123%	$316K	$339K	20x	as long as short