Funding arb · Price arb / RWA

MU

RWAAll MU markets →

LONGKraken Futures▾Gate 0.0000%StandX 0.0000%HTX 0.0000%Lighter +0.0032%Lighter RH +0.0032%Extended +0.0032%KuCoin +0.0036%Aftermath Perps +0.0042%Vest Markets +0.0046%Polymarket Perps +0.0050%SoDEX +0.0050%Ondo Perps +0.0050%QFEX +0.0052%Aster +0.0057%Paradex +0.0069%OKX +0.0069%Arcus +0.0087%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%Aevo +0.0112%Variational Omni +0.0112%Bitget +0.0120%Binance +0.0131%Avantis +0.0139%tradeXYZ +0.0155%Nado +0.0156%Bybit +0.0171%BingX +0.0176%GRVT +0.0212%Popdex +0.0216%Injective +0.0220%Bullet +0.0252%BloFin +0.0254%Phoenix +0.0299%Deribit +0.0321%Coinbase International +0.0376%Kraken Futures +0.0464%RISEx +0.0543%edgeX +0.0746%

⇄⇅

SHORTSunX▾edgeX +0.0746%RISEx +0.0543%Coinbase International +0.0376%Deribit +0.0321%Phoenix +0.0299%BloFin +0.0254%Bullet +0.0252%Injective +0.0220%Popdex +0.0216%GRVT +0.0212%BingX +0.0176%Bybit +0.0171%Nado +0.0156%tradeXYZ +0.0155%Binance +0.0131%Bitget +0.0120%Variational Omni +0.0112%Aevo +0.0112%Avantis −0.0103%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%Arcus +0.0087%OKX +0.0069%Paradex +0.0069%Aster +0.0057%QFEX +0.0052%Ondo Perps +0.0050%Polymarket Perps +0.0050%SoDEX +0.0050%Vest Markets +0.0046%Aftermath Perps +0.0042%KuCoin +0.0036%Lighter +0.0032%Lighter RH +0.0032%Extended +0.0032%Gate 0.0000%StandX 0.0000%SunX 0.0000%HTX 0.0000%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_MUUSD	1,067.6	+0.0464	pay 0.0058% / 1h	50m 19s	$269K	$374K	20x	Long Kraken Futures
SHORT	SunXMU-USDT	1,069.8	0	0.0000% / 8h	4h 50m	$11K	$252K	10x	Short SunX≤10% back

Price gap+0.203%

Funding gap−0.0464% /8h

Funding costs $14 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 −0.195% in total, about −0.0093%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m

1h · loading 5m…

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

P&L?

PRICE SPREAD · 7D

Now+0.203%

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 FuturesSunX

MU on 41 exchanges

lowest funding first

Before you open

0 ok · 4 to watch

• !
  Watch: Thin at this size9.9 / 32.5 bp

  At $10k entering SunX costs 32.5 bp, fee and slippage, 3.3× Kraken Futures’s.
• i
  Note: Margin at max leverage$500 + $1,000

  Kraken Futures 20x, SunX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 8h

  Payments land at different times. Close right after the slower leg pays.

  Long Kraken Futures · 1h−$13.92

  Short SunX · 8h$0.00

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

  Next 24h at the current rates, on $10k a leg: −$13.92Long Kraken Futures: 24 payments, −$13.92; short SunX: 3 payments, $0.00.
• i
  Note: Gap at its usual level+0.203% vs +0.193%

  The price leg adds little either way.
• !
  Watch: Short leg is thinner$11K vs $269K OI

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

  Neither exchange runs points right now.
• !
  Watch: KYCKraken Futures Yes · SunX 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−0.0093%/8h × 21 periods−$19.63

Price spread+0.203% → +0.193% (7d avg)+$1.01

Slippage, 4 orderslive order books−$61.07

Fee Kraken Futures bp × 2 orders−$10.00

Fee SunX bp × 2 orders−$8.00

Net · 7 days · $10k−$97.69

Costs to cover0.791%Break-evennever at this rate

Slippage: Kraken Futures: live order book, 26 min ago; SunX: live order book, 19 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGKraken Futures2.249.9 bp−$1039.9 bp−$399doesn’t fitdoesn’t fit

SELL · SHORTSunX21.5632.5 bp−$32doesn’t fitdoesn’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 08:02	BingX	Other	$MU’s next move could come down to what management says next. See what matters heading into earnings 👇 @BingXOfficial on X ↗
09-30 06:30	MEXC	Other	$MU is up nearly 280% this year. Now comes the harder test. 👀 Can guidance keep the memory trade alive? @MEXC_Research breaks down what matters before earnings. 👇 @MEXC on X ↗
09-30 03:58	HTX	Token	10 trades. 3 alpha setups 👀 $ETH → ETF flows strong despite the chop $NVDA → Added $150B stock buyback plan $MU → Memory cycle heats up, earnings tonight which one has your eyes? Trade TradFi 24/7 on @HTXFutures @HTX_Global on X ↗
09-29 18:30	OKX	Other	Macro moves. $MU earnings. A week to watch. Manage your exposure and risk around the clock with tokenized stocks, TradFi Perps or Equity X-Perps on OKX, where available. @okx on X ↗
09-29 16:30	Vest Markets	Other	$MU is up around 1.6% on the session, with Netlist seeking a US import ban on its high bandwidth memory chips. Baird raised its price target to $1,520 from $1,280 on Monday, with fiscal fourth-quarter results due Wednesday. Trade $MU volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗
09-29 12:04	ApeX Omni	Other	$MU earnings drop tomorrow. Will @MicronTech surprise the market after hours? Here’s what to watch and how to trade MU earnings after the bell: @OfficialApeXdex on X ↗