MU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0193%/8h= +21.1% APRnext payment +$1.93 per $10,000 · paid last 24h +0.065%

Price spread now: BloFin against Gate+0.015%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.404%+$40 on $10k

Price spread, last 4 days (all we have)−0.095%−$10 · spread now +0.015%, 7d avg +0.038%

Together, before fees+0.308%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.023% cheaper against Gate than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.038%). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,052.4	0	get 0.0000% / 8h	4h 40m	$62.3M	$27.4M	75x
Short	BloFin MU-USDT	1,052.6	0.0193	get 0.0193% / 8h	4h 40m	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now +0.015%Rate

Funding earned: $40.45
Price spread: +0.015% → +0.038%: −$2.32
Slippage, 4 orders: −$8.1
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: $3.03
Costs to cover: 0.351%
Break-even: 6.5 days

Slippage from Gate: live order book, 3 min ago; BloFin: 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 Gate live order book, 3 min ago	0.95 bp	11.5 bp −$11	15.7 bp −$157	38.6 bp −$3,859	77.4 bp −$38.7K
Sell BloFin live order book, 2 min ago	0.05 bp	6.0 bp −$6	7.5 bp −$75	11.6 bp −$1,157	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	−0.0746%	4h	1,052.4	−0.005%	$1.3M	$671K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.6	+0.020%	$31.2M	$99.9M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.6	+0.012%	$334K	$348K	20x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,052.4	long leg	$62.3M	$27.4M	75x
GRVT MU_USDT_Perp	0.0000%	8h	1,052.1	−0.032%	$78K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,052	−0.038%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.2	+0.166%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.4	0.000%	$131K	$436K	50x	as long as short
Aster MUUSD1	+0.0006%	8h	1,052.3	−0.008%	$21.4M	$55.0M	20x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,052.1	−0.030%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MUUSDT	+0.0018%	8h	1,053	+0.049%	$19.1M	$32.3M	100x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.4	−0.004%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.8	−0.062%	$564K	$1.1M	10x	as long as short
Bullet MU-USD	+0.0033%	1h	1,052.5	+0.007%	$25K	$398K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.102%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052.3	−0.017%	$7.2M	$18.0M	10x	as long as short
Variational Omni MU	+0.0036%	8h	1,052.5	+0.005%	$2.7M	$2.4M	—	as long as short
Nado MU-PERP	+0.0038%	1h	1,051.9	−0.050%	$282K	$843K	10x	as long as short
Lighter MU	+0.0040%	1h	1,052.4	0.000%	$1.1M	$5.1M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,052	−0.041%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.4	+0.090%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.2	−0.022%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.4	−0.006%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051	−0.133%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,052.5	+0.006%	$2K	—	5x	as long as short
Binance MUUSDT	+0.0073%	8h	1,052.6	+0.017%	$126.8M	$517.3M	50x	as long as short
tradeXYZ xyz:MU	+0.0075%	1h	1,052.3	−0.012%	$178.9M	$99.1M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.1	−0.029%	$758K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,052.1	−0.033%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.8	−0.057%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.2	−0.023%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.6	−0.079%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.5	+0.008%	$837	$799	20x	as long as short
Bitget MUUSDT	+0.0122%	8h	1,052.4	0.000%	$20.6M	$41.1M	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0140%	1h	1,052.3	−0.014%	$69K	$416K	10x	as long as short
BloFin MU-USDTshort	+0.0193%	8h	1,052.6	+0.015%	$1.5M	$2.0M	20x
Phoenix MU	+0.0304%	1h	1,052.6	+0.016%	$538K	$271K	15x	as long as short