Funding arb · Price arb / RWA

MU

RWAAll MU markets →

LONGKraken Futures▾edgeX −0.0368%Coinbase International −0.0144%Gate 0.0000%StandX 0.0000%SunX 0.0000%HTX 0.0000%Deribit +0.0031%Lighter RH +0.0032%QFEX +0.0044%Vest Markets +0.0046%Popdex +0.0048%Polymarket Perps +0.0050%Ondo Perps +0.0050%SoDEX +0.0057%Aftermath Perps +0.0058%Arcus +0.0072%Paradex +0.0084%Pacifica +0.0100%ApeX Omni +0.0100%Aster +0.0103%Lighter +0.0112%Aevo +0.0128%OKX +0.0166%GRVT +0.0167%Nado +0.0169%Variational Omni +0.0186%tradeXYZ +0.0198%Binance +0.0199%KuCoin +0.0210%Injective +0.0220%Bullet +0.0256%Bybit +0.0278%Phoenix +0.0300%BloFin +0.0320%BingX +0.0373%Bitget +0.0392%Kraken Futures +0.0427%RISEx +0.0532%Extended +0.0608%

⇄⇅

SHORTAvantis▾Extended +0.0608%RISEx +0.0532%Bitget +0.0392%BingX +0.0373%BloFin +0.0320%Phoenix +0.0300%Bybit +0.0278%Bullet +0.0256%Injective +0.0220%KuCoin +0.0210%Binance +0.0199%tradeXYZ +0.0198%Avantis −0.0192%Variational Omni +0.0186%Nado +0.0169%GRVT +0.0167%OKX +0.0166%Aevo +0.0128%Lighter +0.0112%Aster +0.0103%Pacifica +0.0100%ApeX Omni +0.0100%Paradex +0.0084%Arcus +0.0072%Aftermath Perps +0.0058%SoDEX +0.0057%Ondo Perps +0.0050%Polymarket Perps +0.0050%Popdex +0.0048%Vest Markets +0.0046%QFEX +0.0044%Lighter RH +0.0032%Deribit +0.0031%Gate 0.0000%StandX 0.0000%SunX 0.0000%HTX 0.0000%Coinbase International −0.0144%edgeX −0.0368%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_MUUSD	1,066	+0.0427	pay 0.0053% / 1h	31m 56s	$239K	$528K	20x	Long Kraken Futures
SHORT	AvantisMU/USD	1,065.8	L +0.0228S −0.0192	get 0.0024% / 1h	31m 56s	$119K	—	5x	Short Avantis

Price gap−0.025%

Funding gap−0.0235% /8h

Funding costs $7 a day on $10k at the current rate. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.026% in total, about −0.0012%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

PRICE SPREAD · 7D

Now−0.025%

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

Kraken FuturesAvantis

MU on 40 exchanges

lowest funding first

Before you open

2 ok · 2 to watch

• i
  Note: Order book unknown—

  No order-book sample for Avantis: its slippage is not counted.
• i
  Note: Margin at max leverage$500 + $2,000

  Kraken Futures 20x, Avantis 5x. 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 Kraken Futures · 1h−$12.82

  Short Avantis · 1h+$5.76

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

  Next 24h at the current rates, on $10k a leg: −$7.06Long Kraken Futures: 24 payments, −$12.82; short Avantis: 24 payments, +$5.76.
• i
  Note: Gap at its usual level−0.025% vs −0.034%

  The price leg adds little either way.
• !
  Watch: Short leg is thinner$119K vs $239K OI

  Avantis sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legAvantis Season 3

  Volume here counts toward the points program.
• !
  Watch: KYCKraken Futures Yes · Avantis No

  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−0.0012%/8h × 21 periods−$2.61

Price spread−0.025% → −0.034% (7d avg)+$0.88

Slippage, 4 ordersno data for Avantis—

Fee Kraken Futures bp × 2 orders−$10.00

Fee Avantis bp × 2 orders−$9.00

Net, fees only · 7 days · $10k−$20.73

Costs to cover0.190%Break-evennever at this rate

Slippage: Kraken Futures: live order book, 62 min ago; Avantis: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGKraken Futures2.1611.9 bp−$1231.2 bp−$312doesn’t fitdoesn’t fit

SELL · SHORTAvantis—————

Closing costs about the same again.
Avantis: no data.

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 ↗