Funding arb · Price arb / RWA

MU

RWAAll MU markets →

LONGExtended▾Reya −0.1150%QFEX 0.0000%Gate 0.0000%StandX 0.0000%SunX 0.0000%Deribit 0.0000%Injective +0.0033%Arcus +0.0038%Vest Markets +0.0046%Backpack +0.0050%Kraken Futures +0.0077%Aftermath Perps +0.0096%Orderly +0.0100%Aster +0.0175%Phoenix +0.0178%Aevo +0.0216%AZverse +0.0243%Bitget +0.0350%Nado +0.0351%Paradex +0.0369%Avantis +0.0400%Lighter +0.0400%Bybit +0.0424%GRVT +0.0433%Lighter RH +0.0456%KuCoin +0.0519%Variational Omni +0.0520%MEXC +0.0528%Binance +0.0530%BingX +0.0596%OKX +0.0630%tradeXYZ +0.0652%TxFlow +0.0679%HTX +0.0797%BloFin +0.0798%Polymarket Perps +0.0803%Extended +0.0832%RISEx +0.0866%Pacifica +0.0911%ApeX Omni +0.0936%edgeX +0.0945%Popdex +0.1000%Ondo Perps +0.1010%SoDEX +0.1111%Bullet +0.1385%

⇄⇅

SHORTPhemex▾Bullet +0.1385%SoDEX +0.1111%Ondo Perps +0.1010%Popdex +0.1000%edgeX +0.0945%ApeX Omni +0.0936%Pacifica +0.0911%RISEx +0.0866%Polymarket Perps +0.0803%BloFin +0.0798%HTX +0.0797%TxFlow +0.0679%tradeXYZ +0.0652%OKX +0.0630%BingX +0.0596%Binance +0.0530%MEXC +0.0528%Variational Omni +0.0520%KuCoin +0.0519%Lighter RH +0.0456%GRVT +0.0433%Bybit +0.0424%Lighter +0.0400%Avantis −0.0373%Paradex +0.0369%Nado +0.0351%Bitget +0.0350%AZverse +0.0243%Aevo +0.0216%Phoenix +0.0178%Aster +0.0175%Orderly +0.0100%Phemex +0.0100%Aftermath Perps +0.0096%Kraken Futures +0.0077%Backpack +0.0050%Vest Markets +0.0046%Arcus +0.0038%Injective +0.0033%QFEX 0.0000%Gate 0.0000%StandX 0.0000%SunX 0.0000%Deribit 0.0000%Reya −0.1150%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ExtendedMU_24_5-USD	899.30	+0.0832	pay 0.0104% / 1h	56m 32s	$577K	$3.8M	10x	Long Extended10% off
SHORT	PhemexMUXUSDT	902.05	+0.0100	get 0.0100% / 8h	3h 56m	$1.0M	$1.7M	10x	Short Phemex

Price gap+0.306%

Funding gap−0.0732% /8h

The gap pays +$10 on $10k if it goes back to its 7d average, but funding costs $22 a day and eats that in about 11 hours.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.033% in total, about +0.0016%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.306%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

ExtendedPhemex

MU on 46 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

• !
  Watch: Thin at this size3.3 / 28.9 bp

  At $10k entering Phemex costs 28.9 bp, fee and slippage, 8.8× Extended’s.
• i
  Note: Margin at max leverage$1,000 + $1,000

  Extended 10x, Phemex 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 8h

  Payments land at different times. Close right after the slower leg pays.

  Long Extended · 1h−$24.96

  Short Phemex · 8h+$3.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$21.96Long Extended: 24 payments, −$24.96; short Phemex: 3 payments, +$3.00.
• ✓
  OK: Entry gap works for you+0.306% vs +0.203%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Long leg is thinner$577K vs $1.0M OI

  Extended sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legExtended points

  Volume here counts toward the points program.
• !
  Watch: KYCExtended No · Phemex Yes

  KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0016%/8h × 21 periods+$3.32

Price spread+0.306% → +0.203% (7d avg)+$10.28

Slippage, 4 orderslive order books−$46.12

Fee Extended bp × 2 orders−$5.00

Fee Phemex bp × 2 orders−$12.00

Net · 7 days · $10k−$49.51

Costs to cover0.631%Break-even111.4 days

Slippage: Extended: live order book, 1 min ago; Phemex: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGExtended0.063.3 bp−$37.5 bp−$75doesn’t fitdoesn’t fit

SELL · SHORTPhemex2.7228.9 bp−$29119.1 bp−$1,191doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

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MU news

posts that mention MU or Micron Technology, from every exchangeSearch all news →

10-29 04:00	HTX	Other	10 opportunities. 3 to watch: $MU → Memory supercycle, day 3 $AAPL → 1st MacBook Pro Touchscreen launch $SOL → Altcoin leader, ecosystem inflows Which ticker is on your radar? Trade the action 24/7 on @HTXFutures @HTX_Global on X ↗
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10-28 04:09	HTX	Other	10 trading opportunities. 3 tickers to watch 👀 $MU → Storage upcycle continues $BTC → $1.37B in spot ETF inflows $AAPL → Touchscreen MacBook Pro event on What charts are you watching? Trade the action 24/7 on @HTXFutures @HTX_Global on X ↗
10-27 04:32	HTX	Other	10 Trade Opportunities. 3 to Watch: $MU → Memory stocks are rallying $BTC → ETF outflows ease after two days $NVDA → Meta raises $95B for AI with them What’s your play? 👇 Trade the action 24/7 on @HTXFutures @HTX_Global on X ↗
10-22 22:57	Injective	Token	The second-ever Injective Stockdrop kicks off next week. Anyone who participated in the $INJ BuyBack yesterday has a chance to earn a tokenized stock on Solana. Here are just a few of the tokenized stocks that you could get: $AMC $SNAP $GLXY $HIMS $SMCI $RKLB $CRCL $INTC $MSTR $SPCX $COIN $NVDA $AAPL $TSLA $META $MU $SNDK More ▇▇▇▇ and ▇▇ @injective on X ↗
10-22 10:40	Reya	Listing	$AMD $MU $INTC perps are live on Reya. Accelerators, memory and fabs. Three more ways to be right. Or wrong. Trade RWAs Up to 15x, around the clock. Not inside yet? Join the waitlist. @reya_xyz on X ↗