Funding arb · Price arb / RWA

MU

RWAAll MU markets →

LONGPopdex▾Gate 0.0000%KuCoin 0.0000%StandX 0.0000%SunX 0.0000%HTX 0.0000%Aster +0.0016%OKX +0.0025%Lighter +0.0032%Lighter RH +0.0032%Extended +0.0032%Aftermath Perps +0.0041%Bitget +0.0043%Vest Markets +0.0046%Polymarket Perps +0.0050%Ondo Perps +0.0050%Variational Omni +0.0061%QFEX +0.0065%Paradex +0.0066%SoDEX +0.0073%Binance +0.0090%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%Aevo +0.0104%tradeXYZ +0.0120%BingX +0.0127%Bybit +0.0134%Nado +0.0147%Avantis +0.0173%GRVT +0.0175%Arcus +0.0187%BloFin +0.0206%Injective +0.0220%Popdex +0.0224%RISEx +0.0228%Bullet +0.0296%Phoenix +0.0374%Kraken Futures +0.0517%Deribit +0.0555%edgeX +0.0988%

⇄⇅

SHORTCoinbase International▾edgeX +0.0988%Deribit +0.0555%Kraken Futures +0.0517%Coinbase International +0.0464%Phoenix +0.0374%Bullet +0.0296%RISEx +0.0228%Injective +0.0220%BloFin +0.0206%Arcus +0.0187%GRVT +0.0175%Nado +0.0147%Avantis −0.0138%Bybit +0.0134%BingX +0.0127%tradeXYZ +0.0120%Aevo +0.0104%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%Binance +0.0090%SoDEX +0.0073%Paradex +0.0066%QFEX +0.0065%Variational Omni +0.0061%Ondo Perps +0.0050%Polymarket Perps +0.0050%Vest Markets +0.0046%Bitget +0.0043%Aftermath Perps +0.0041%Lighter +0.0032%Lighter RH +0.0032%Extended +0.0032%OKX +0.0025%Aster +0.0016%Gate 0.0000%KuCoin 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	PopdexMUUSDT	1,070.6	+0.0224	pay 0.0028% / 1h	26m 14s	$435K	$428K	20x	Long Popdex
SHORT	Coinbase InternationalMU-PERP-INTX	1,070.1	+0.0464	get 0.0058% / 1h	26m 14s	$603K	$405K	10x	Short Coinbase International

Price gap−0.049%

Funding gap+0.0240% /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 6 days it paid +0.030% in total, about +0.0016%/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−0.049%

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

PopdexCoinbase International

MU on 41 exchanges

lowest funding first

Before you open

2 ok · 2 to watch

• ✓
  OK: Fits both order books3.7 / 12.0 bp

  Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
• i
  Note: Margin at max leverage$500 + $1,000

  Popdex 20x, Coinbase International 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.

  Long Popdex · 1h−$6.72

  Short Coinbase International · 1h+$13.92

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

  Next 24h at the current rates, on $10k a leg: +$7.20Long Popdex: 24 payments, −$6.72; short Coinbase International: 24 payments, +$13.92.
• i
  Note: Gap at its usual level−0.049% vs −0.033%

  The price leg adds little either way.
• !
  Watch: Long leg is thinner$435K vs $603K OI

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

  Neither exchange runs points right now.
• !
  Watch: KYCPopdex No · Coinbase International Yes

  ID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.

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+0.0016%/8h × 21 periods+$3.45

Price spread−0.049% → −0.033% (7d avg)−$1.54

Slippage, 4 orderslive order books−$13.63

Fee Popdex bp × 2 orders−$6.40

Fee Coinbase International bp × 2 orders−$8.00

Net · 7 days · $10k−$26.11

Costs to cover0.280%Break-even60.0 days

Slippage: Popdex: live order book, 55 min ago; Coinbase International: live order book, 56 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGPopdex0.373.7 bp−$49.4 bp−$94doesn’t fitdoesn’t fit

SELL · SHORTCoinbase International4.6212.0 bp−$1218.1 bp−$181doesn’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 ↗