MU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h +0.037%

Price spread now: Coinbase International against SoDEX+0.005%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on SoDEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.005%, 7d avg −0.018%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.023% dearer against SoDEX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MU-USD	1,037.9	0.0050	pay 0.0006% / 1h	36m 00s	$681K	$15K	10x
Short	Coinbase International MU-PERP-INTX	1,037.9	0.0080	get 0.0010% / 1h	36m 00s	$725K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.005%Rate

Funding earned: $6.3
Price spread: +0.005% → −0.018%: $2.25
Slippage, 4 orders: −$20.3
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$29.75
Costs to cover: 0.383%
Break-even: 40.1 days

Slippage from SoDEX: live order book, 3 min ago; Coinbase International: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX live order book, 3 min ago	0.05 bp	12.0 bp −$12	43.9 bp −$439	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	1.54 bp	6.6 bp −$7	10.7 bp −$107	57.2 bp −$5,717	doesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MUUSDC	−0.0435%	4h	1,037.9	+0.009%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0179%	8h	1,038.1	+0.024%	$20.2M	$40.1M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.2	+0.038%	$21.2M	$65.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038	+0.014%	$122.1M	$538.7M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037.9	0.000%	$18.7M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,037.6	−0.025%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.2	+0.035%	$313K	$385K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038	+0.011%	$61.4M	$28.3M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,038.9	+0.102%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038	+0.016%	$71K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,038	+0.018%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.9	+0.198%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.1	+0.024%	$74K	$608K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037.8	−0.002%	$127K	$479K	50x	as long as short
Aftermath Perps MUUSD	+0.0016%	1h	1,037.9	+0.007%	$3K	$44K	10x	as long as short
Bullet MU-USD	+0.0017%	1h	1,038.1	+0.025%	$25K	$390K	10x	as long as short
Nado MU-PERP	+0.0020%	1h	1,037.9	+0.001%	$279K	$808K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038	+0.015%	$7.0M	$18.8M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.8	−0.008%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.9	+0.001%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.302%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,037.9	+0.007%	$1.0M	$4.9M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.5	−0.033%	$90K	$245K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.3	+0.042%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.8	−0.005%	$176.4M	$82.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038	+0.014%	$168K	$195K	10x	as long as short
SoDEX MU-USDlong	+0.0050%	1h	1,037.9	long leg	$681K	$15K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.5	−0.037%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,038	+0.011%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.8	−0.005%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0080%	1h	1,037.9	+0.005%	$725K	$1.2M	10x
Pacifica MU	+0.0100%	1h	1,038	+0.015%	$147K	$188K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.7	−0.012%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	+0.063%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.1	+0.027%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038	+0.015%	$1.4M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.9	+0.101%	$531K	$270K	15x	as long as short