Funding arb · Price arb / RWA

MU

RWAAll MU markets →

LONGPhemex▾Reya −0.0381%Backpack −0.0298%QFEX −0.0049%Aster 0.0000%Bybit 0.0000%RISEx 0.0000%Gate 0.0000%KuCoin 0.0000%StandX 0.0000%SunX 0.0000%Deribit 0.0000%Lighter +0.0032%Lighter RH +0.0032%Extended +0.0032%Vest Markets +0.0046%Popdex +0.0048%Aftermath Perps +0.0050%tradeXYZ +0.0050%Polymarket Perps +0.0050%Ondo Perps +0.0050%Avantis +0.0068%Paradex +0.0074%Bitget +0.0090%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%Phemex +0.0100%TxFlow +0.0100%Nado +0.0111%AZverse +0.0129%Kraken Futures +0.0149%OKX +0.0151%Aevo +0.0152%GRVT +0.0182%Injective +0.0220%Variational Omni +0.0238%BingX +0.0260%Binance +0.0269%MEXC +0.0271%HTX +0.0298%BloFin +0.0391%SoDEX +0.0505%Bullet +0.0615%Phoenix +0.0623%edgeX +0.0715%

⇄⇅

SHORTArcus▾edgeX +0.0715%Phoenix +0.0623%Bullet +0.0615%SoDEX +0.0505%BloFin +0.0391%Arcus +0.0321%HTX +0.0298%MEXC +0.0271%Binance +0.0269%BingX +0.0260%Variational Omni +0.0238%Injective +0.0220%GRVT +0.0182%Aevo +0.0152%OKX +0.0151%Kraken Futures +0.0149%AZverse +0.0129%Nado +0.0111%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Bitget +0.0090%Paradex +0.0074%Ondo Perps +0.0050%tradeXYZ +0.0050%Polymarket Perps +0.0050%Aftermath Perps +0.0050%Popdex +0.0048%Vest Markets +0.0046%Lighter +0.0032%Lighter RH +0.0032%Extended +0.0032%Avantis −0.0032%Aster 0.0000%Bybit 0.0000%RISEx 0.0000%Gate 0.0000%KuCoin 0.0000%StandX 0.0000%SunX 0.0000%Deribit 0.0000%QFEX −0.0049%Backpack −0.0298%Reya −0.0381%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexMUXUSDT	896.93	+0.0100	pay 0.0100% / 8h	2h 48m	$1.7M	$1.3M	10x	Long Phemex
SHORT	ArcusMU-USD	895.01	+0.0321	get 0.0040% / 1h	48m 53s	$1.5M	$3.3M	10x	Short Arcus5% off

Price gap−0.214%57s

Funding gap+0.0221% /8h

Funding trade: +$7 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.003% in total, about +0.0001%/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−0.214%

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

PhemexArcus

MU on 46 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

• !
  Watch: Thin at this size38.6 / 4.7 bp

  At $10k entering Phemex costs 38.6 bp, fee and slippage, 8.3× Arcus’s.
• i
  Note: Margin at max leverage$1,000 + $1,000

  Phemex 10x, Arcus 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ8h / 1h

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

  Long Phemex · 8h−$3.00

  Short Arcus · 1h+$9.62

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

  Next 24h at the current rates, on $10k a leg: +$6.62Long Phemex: 3 payments, −$3.00; short Arcus: 24 payments, +$9.62.
• !
  Watch: Prices read 57 s apart−0.214% vs −0.201%

  Part of this gap may be the market moving.
• i
  Note: Short leg is thinner$1.5M vs $1.7M OI

  Both legs are deep; Arcus is the smaller one.
• ✓
  OK: Points on a legArcus points

  Volume here counts toward the points program.
• !
  Watch: KYCPhemex Yes · Arcus No

  KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

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+0.0001%/8h × 21 periods+$0.28

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$68.30

Fee Phemex bp × 2 orders−$12.00

Fee Arcus bp × 2 orders−$4.50

Net · 7 days · $10k−$84.52

price spread not counted: prices read too far apart

Costs to cover0.848%Break-even2089.1 days

Slippage: Phemex: live order book, 3 min ago; Arcus: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGPhemex5.6738.6 bp−$39104.7 bp−$1,047doesn’t fitdoesn’t fit

SELL · SHORTArcus1.004.7 bp−$58.6 bp−$86doesn’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

FundingPrice spread

I'm in

MU news

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

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