MU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0362%/8h= −39.6% APRnext payment −$0.45 per $10,000 · paid last 24h 0.000%

Price spread now: tradeXYZ against Extended+0.041%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Extended Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)−0.035%−$4 · spread now +0.041%, 7d avg −0.013%

Together, before fees−0.009%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.054% dearer against Extended than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.013%): +$5 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 12 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.45 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	1,044.7	0.0616	pay 0.0077% / 1h	35m 52s	$542K	$1.1M	10x
Short	tradeXYZ xyz:MU	1,045.1	0.0254	get 0.0032% / 1h	35m 52s	$176.6M	$105.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$75.96
Price spread: +0.041% → −0.013%: $5.36
Slippage, 4 orders: −$5.43
Fee Extended: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$99.03
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from Extended: live order book, 2 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 Extended live order book, 2 min ago	0.10 bp	4.6 bp −$5	11.6 bp −$116	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	+0.124%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.1	+0.043%	$63.0M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.4	+0.072%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.3	+0.248%	$11K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.4	+0.066%	$124K	$454K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.2	+0.052%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.578%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0034%	1h	1,045.5	+0.082%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.8	+0.110%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.1	+0.041%	$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	+0.073%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.9	+0.022%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.6	+0.092%	$7.8M	$23.9M	10x	as long as short
OKX MU-USDT-SWAP	+0.0081%	8h	1,045.2	+0.050%	$30.8M	$105.2M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,045.4	+0.067%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.1	+0.043%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,046.3	+0.156%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.5	+0.076%	$831	$799	20x	as long as short
Lighter MU	+0.0120%	1h	1,045.2	+0.052%	$1.0M	$4.8M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0123%	1h	1,045.3	+0.064%	$62K	$265K	10x	as long as short
Bitget MUUSDT	+0.0133%	8h	1,045.1	+0.041%	$20.5M	$43.6M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,045.3	+0.064%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0139%	8h	1,045.6	+0.090%	$2K	—	5x	as long as short
Aster MUUSD1	+0.0173%	8h	1,045.7	+0.102%	$21.5M	$47.3M	20x	as long as short
Bullet MU-USD	+0.0179%	1h	1,045.5	+0.075%	$25K	$394K	10x	as long as short
Variational Omni MU	+0.0200%	8h	1,045.6	+0.092%	$2.7M	$2.5M	—	as long as short
Binance MUUSDT	+0.0210%	8h	1,045.2	+0.047%	$124.6M	$533.3M	50x	as long as short
Nado MU-PERP	+0.0217%	1h	1,045	+0.034%	$270K	$876K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.5	+0.076%	$757K	$1.3M	10x	as long as short
tradeXYZ xyz:MUshort	+0.0254%	1h	1,045.1	+0.041%	$176.6M	$105.0M	10x
GRVT MU_USDT_Perp	+0.0255%	8h	1,046.3	+0.159%	$82K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0281%	8h	1,045.4	+0.069%	$19.2M	$32.6M	100x	as long as short
BloFin MU-USDT	+0.0332%	8h	1,045.7	+0.102%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0460%	1h	1,045.9	+0.117%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.3	+0.064%	$74K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046	+0.130%	$316K	$339K	20x	as long as short
Extended MU_24_5-USDlong	+0.0616%	1h	1,044.7	long leg	$542K	$1.1M	10x