Funding arb · Price arb / RWA

MU

RWAAll MU markets →

LONGInjective▾edgeX −0.0470%Coinbase International −0.0048%Gate 0.0000%StandX 0.0000%SunX 0.0000%Deribit 0.0000%HTX 0.0000%Lighter RH +0.0032%Arcus +0.0041%Vest Markets +0.0046%Polymarket Perps +0.0050%Ondo Perps +0.0050%Aftermath Perps +0.0053%Popdex +0.0056%QFEX +0.0060%Lighter +0.0072%Paradex +0.0095%ApeX Omni +0.0100%Aster +0.0117%Pacifica +0.0136%Aevo +0.0136%OKX +0.0174%Nado +0.0182%Avantis +0.0194%tradeXYZ +0.0202%GRVT +0.0207%Variational Omni +0.0207%KuCoin +0.0212%Injective +0.0220%Binance +0.0221%Bullet +0.0231%SoDEX +0.0244%Bybit +0.0315%BloFin +0.0343%Phoenix +0.0378%BingX +0.0396%Bitget +0.0415%Extended +0.0728%RISEx +0.1067%

⇄⇅

SHORTKraken Futures▾RISEx +0.1067%Extended +0.0728%Kraken Futures +0.0569%Bitget +0.0415%BingX +0.0396%Phoenix +0.0378%BloFin +0.0343%Bybit +0.0315%SoDEX +0.0244%Bullet +0.0231%Binance +0.0221%KuCoin +0.0212%Variational Omni +0.0207%GRVT +0.0207%tradeXYZ +0.0202%Nado +0.0182%OKX +0.0174%Avantis −0.0158%Aevo +0.0136%Pacifica +0.0136%Aster +0.0117%ApeX Omni +0.0100%Paradex +0.0095%Lighter +0.0072%QFEX +0.0060%Popdex +0.0056%Aftermath Perps +0.0053%Ondo Perps +0.0050%Polymarket Perps +0.0050%Vest Markets +0.0046%Arcus +0.0041%Lighter RH +0.0032%Gate 0.0000%StandX 0.0000%SunX 0.0000%Deribit 0.0000%HTX 0.0000%Coinbase International −0.0048%edgeX −0.0470%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	InjectiveMU/USDC PERP	1,067.6	+0.0220	pay 0.0028% / 1h	12m 08s	$9K	$163K	10x	Long Injective
SHORT	Kraken FuturesPF_MUUSD	1,067.7	+0.0569	get 0.0071% / 1h	12m 08s	$239K	$528K	20x	Short Kraken Futures

Price gap+0.011%60s

Funding gap+0.0349% /8h

Both sides work: funding pays +$10 a day on $10k, and the gap is 2.552% above its 7d average: +$255 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.081% in total, about −0.0039%/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+0.011%

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

InjectiveKraken Futures

MU on 40 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

• ✕
  Problem: Doesn’t fit the books—

  $10k a leg is deeper than Injective’s order book right now.
• i
  Note: Margin at max leverage$1,000 + $500

  Injective 10x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Injective · 1h−$6.60

  Short Kraken Futures · 1h+$17.07

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

  Next 24h at the current rates, on $10k a leg: +$10.47Long Injective: 24 payments, −$6.60; short Kraken Futures: 24 payments, +$17.07.
• !
  Watch: Prices read 60 s apart+0.011% vs −2.542%

  Part of this gap may be the market moving.
• !
  Watch: Long leg is thinner$9K vs $239K OI

  Injective sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCInjective No · Kraken Futures Yes

  Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

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−0.0039%/8h × 21 periods−$8.13

Price spreadprices read too far apart to compare—

Slippage, 4 ordersdoesn’t fit the book at $10k—

Fee Injective bp × 2 orders−$0.02

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k—

doesn’t fit the books at $10kprice spread not counted: prices read too far apart

Costs to cover—Break-even—

Slippage: Injective: live order book, 23 min ago; Kraken Futures: live order book, 22 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGInjective370.04doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTKraken Futures2.1613.8 bp−$1469.4 bp−$694doesn’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

MU news

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

09-30 20:09	Backpack	Other	JUST IN: Micron beats Q4 earnings expectations ▸ Adjusted EPS: $33.42 vs $31.72 expected ▸ Revenue: $54.23B vs $51.3B expected $MU is available for stock trading, 24/7 perpetuals and as collateral 🎒 @Backpack on X ↗
09-30 19:45	Vest Markets	Other	Trade $MU pre-earnings volatility with a Vest Capital funded account. Access up to $25k in trading capital at: @VestExchange on X ↗
09-30 19:45	Vest Markets	Other	$MU reports fiscal Q4 results after today's close, with consensus at $50.78B in revenue and $31.28 adjusted EPS. → Revenue: $41.46B in fiscal Q3, against $23.86B in fiscal Q2 and $13.64B in fiscal Q1 → Guidance: $50.0B ±$1.0B for fiscal Q4, with an 86% gross margin and $31.00 adjusted EPS The shares enter the print with $MU up around 275% this year and about 12% below its 52-week high, and the quarter runs 14 weeks, per the 10-Q. Cloud Memory and Core Data Center revenue reached $13.77B and $11.52B in fiscal Q3, with the fiscal 2027 outlook, HBM4 economics, DRAM pricing and record capital spending the watch items. @VestExchange on X ↗
09-30 19:11	Polymarket Perps	Other	MEMORY SUPERCYCLE Micron $MU reports earnings after the bell today. Trade the reaction on Polymarket Perps with no market hours. Go long or short with up to 10x leverage. @Poly_Perps on X ↗
09-30 17:30	MEXC	Other	$MU has been ripping into earnings. Now the market gets the next read on margins, capex, and AI demand. 👀 Same event. Different instincts. Which read sounds like you? 👇 #MEXCTradFi #MEXC0FEE @MEXC on X ↗
09-30 15:30	Phoenix	Other	$MU reports full fiscal year earnings today, after the market closes. Trade it 24/7 on Phoenix: @PhoenixTrade on X ↗