MU

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0197%/8h= +21.6% APRnext payment +$0.25 per $10,000 · paid last 24h +0.040%

Price spread now: Bullet against Injective−0.765%54s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bullet is 0.765% cheaper against Injective than usual: you would sell low and buy high (spread −0.765% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$76 on $10k: about 13 days of funding at the current rate (+$6 a day). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MU/USDC PERP	1,050.7	0.0033	pay 0.0004% / 1h	6m 14s	$14K	$302	12x
Short	Bullet MU-USD	1,042.7	0.0231	get 0.0029% / 1h	6m 14s	$25K	$400K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Injective. 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 InjectivebpFee BulletbpOrdersPrice spread, now −0.765%Rate

Funding earned: $41.44
Price spread: −0.765% → 0.000%: −$76.47
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$43.05
Costs to cover: 0.080%
Break-even: 14.3 days

Slippage unknown: Injective: no order-book sample; Bullet: live order book, 18 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Bullet live order book, 18 min ago	0.48 bp	6.7 bp −$7	20.7 bp −$207	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0333%	4h	1,042.6	−0.770%	$1.3M	$672K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,042.5	−0.780%	$30.7M	$104.2M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,042.5	−0.784%	$62.9M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,042.6	−0.772%	$188K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,044.5	−0.595%	$11K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042.5	−0.782%	$125K	$442K	50x	as long as short
Aster MUUSD1	+0.0002%	8h	1,043	−0.732%	$21.5M	$46.4M	20x	as long as short
Aftermath Perps MUUSD	+0.0028%	1h	1,042.6	−0.768%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.4	−0.788%	$1.1M	$4.3M	10x	as long as short
Injective MU/USDC PERPlong	+0.0033%	1h	1,050.7	long leg	$14K	$302	12x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MU-USD-PERP	+0.0046%	1h	1,042.2	−0.810%	—	$193K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,042.2	−0.810%	$165K	$180K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,042.5	−0.778%	$684K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,041.6	−0.866%	$2.0M	$2.6M	10x	as long as short
QFEX MU-USD	+0.0057%	1h	1,042.7	−0.762%	$7.8M	$24.1M	10x	as long as short
Bitget MUUSDT	+0.0073%	8h	1,042.5	−0.778%	$20.4M	$42.9M	50x	as long as short
Variational Omni MU	+0.0082%	8h	1,043	−0.734%	$2.7M	$2.7M	—	as long as short
Pacifica MU	+0.0100%	1h	1,041.9	−0.841%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,042.3	−0.802%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,041.9	−0.840%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,042.7	−0.765%	$829	$799	20x	as long as short
Binance MUUSDT	+0.0109%	8h	1,042.7	−0.766%	$124.7M	$540.4M	50x	as long as short
Aevo MU-PERP	+0.0112%	1h	1,042.4	−0.794%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0116%	8h	1,042.4	−0.790%	$2K	—	5x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,043.8	−0.656%	$756K	$1.4M	10x	as long as short
GRVT MU_USDT_Perp	+0.0176%	8h	1,042.8	−0.751%	$82K	$1.4M	10x	as long as short
Lighter MU	+0.0184%	1h	1,042.4	−0.787%	$998K	$4.8M	20x	as long as short
Bybit MUUSDT	+0.0190%	8h	1,042.8	−0.749%	$19.1M	$32.5M	100x	as long as short
Nado MU-PERP	+0.0192%	1h	1,041.8	−0.851%	$306K	$845K	10x	as long as short
RISEx MU/USDC	+0.0202%	1h	1,042.8	−0.750%	$285K	$333K	20x	as long as short
tradeXYZ xyz:MU	+0.0212%	1h	1,042.4	−0.791%	$176.2M	$107.2M	10x	as long as short
Arcus MU-USD	+0.0226%	1h	1,042.5	−0.783%	$63K	$230K	10x	as long as short
BloFin MU-USDT	+0.0228%	8h	1,042.6	−0.768%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0230%	1h	1,042.7	−0.762%	$533K	$303K	15x	as long as short
Bullet MU-USDshort	+0.0231%	1h	1,042.7	−0.765%	$25K	$400K	10x
Deribit MU_USDC-PERPETUAL	+0.0297%	1h	1,042.5	−0.779%	$60K	$232K	10x	as long as short
Extended MU_24_5-USD	+0.0680%	1h	1,041.8	−0.843%	$540K	$1.1M	10x	as long as short