Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG1,063.4+0.0571pay 0.0071% / 1h43m 17s$236K$506K20xLong Kraken Futures
SHORT1,064.1+0.0180get 0.0022% / 1h43m 17s$181.3M$159.3M10xShort tradeXYZ
Price gap+0.067%
Funding gap−0.0391% /8h

The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $12 a day and eats that in about 9 hours. At the last 7 days' pace that is about 18 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$2−0.0391% /8h now · paid −0.017% over the last 7D
Price+$4spread +0.067% now, avg +0.024% → +0.043% if it goes back
Costs−$350.351% of $10k · taker + slippage, in and out
Result−$33−0.33%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.017% in total, about −0.0008%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.067%
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

MU on 40 exchanges

lowest funding first

Before you open

3 ok · 3 to watch
  • Watch: Thin at this size21.0 / 1.5 bp
    At $10k entering Kraken Futures costs 21.0 bp, fee and slippage, 14.4× tradeXYZ’s.
  • Note: Margin at max leverage$500 + $1,000
    Kraken Futures 20x, tradeXYZ 10x. 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.
    Next 24h at the current rates, on $10k a leg: −$11.74Long Kraken Futures: 24 payments, −$17.14; short tradeXYZ: 24 payments, +$5.40.
  • OK: Entry gap works for you+0.067% vs +0.024%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$236K vs $181.3M OI
    Kraken Futures sets your exit cost. Check its book before closing.
  • OK: Points on a legtradeXYZ points
    Volume here counts toward the points program.
  • Watch: KYCKraken Futures Yes · tradeXYZ 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
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0008%/8h × 21 periods−$1.68
Price spread+0.067% → +0.024% (7d avg)+$4.32
Slippage, 4 orderslive order books−$23.35
Fee Kraken Futures bp × 2 orders−$10.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$32.51
Costs to cover0.351%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 56 min ago; tradeXYZ: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGKraken Futures0.0521.0 bp−$2142.4 bp−$424doesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ0.471.5 bp−$13.0 bp−$307.3 bp−$73124.9 bp−$12.4K

Closing costs about the same again.

Alert

MU news

posts that mention MU or Micron Technology, from every exchangeSearch all news →
09-30 20:09BackpackOtherJUST 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 19:45Vest MarketsOtherTrade $MU pre-earnings volatility with a Vest Capital funded account. Access up to $25k in trading capital at: @VestExchange on X ↗
09-30 19:45Vest MarketsOther$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 19:11Polymarket PerpsOtherMEMORY SUPERCYCLE Micron $MU reports earnings after the bell today. Trade the reaction on Polymarket Perps with no market hours. Go long or short with up to 10x leverage. @Poly_Perps on X ↗
09-30 17:30MEXCOther$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 15:30PhoenixOther$MU reports full fiscal year earnings today, after the market closes. Trade it 24/7 on Phoenix: @PhoenixTrade on X ↗