MU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0457%/8h= +50.1% APRnext payment +$0.57 per $10,000 · paid last 24h +0.053%

Price spread now: RISEx against SoDEX+0.025%7-day average +0.028% · 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−$33as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on SoDEX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now +0.025%, 7d avg +0.028%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.013% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.57 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MU-USD	1,048.9	0.0050	pay 0.0006% / 1h	35m 39s	$688K	$16K	10x
Short	RISEx MU/USDC	1,049.2	0.0507	get 0.0063% / 1h	35m 39s	$333K	$348K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.025%Rate

Funding earned: $96.02
Price spread: +0.025% → +0.028%: −$0.33
Slippage, 4 orders: −$18.92
Fee SoDEX: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $62.77
Costs to cover: 0.329%
Break-even: 2.4 days

Slippage from SoDEX: live order book, 33 min ago; RISEx: live order book, 33 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, 33 min ago	0.05 bp	11.6 bp −$12	39.4 bp −$394	doesn't fit	doesn't fit
Sell RISEx live order book, 33 min ago	1.71 bp	4.7 bp −$5	5.1 bp −$51	doesn't fit	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	−0.0949%	4h	1,048.4	−0.044%	$1.3M	$671K	10x	as long as short
Nado MU-PERP	−0.0006%	1h	1,049	+0.009%	$274K	$858K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,049.2	+0.032%	$19.2M	$32.6M	100x	as long as short
Gate MU_USDT	0.0000%	8h	1,048.9	+0.002%	$62.1M	$27.6M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,048.8	−0.014%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,049.2	+0.030%	$26K	$395K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.2	+0.124%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049	+0.008%	$66K	$329K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.1	+0.016%	$129K	$430K	50x	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,048.6	−0.029%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,048.9	+0.004%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.2	+0.024%	$1.1M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,048.6	−0.026%	$567K	$1.2M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,049	+0.005%	$7.5M	$20.0M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,048.8	−0.008%	$71K	$237K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,049.8	+0.088%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049	+0.010%	$178.1M	$99.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.9	0.000%	$170K	$203K	10x	as long as short
SoDEX MU-USDlong	+0.0050%	1h	1,048.9	long leg	$688K	$16K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.4	−0.048%	$1.9M	$2.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0067%	8h	1,049.3	+0.038%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0069%	8h	1,049	+0.011%	$30.8M	$100.7M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048.9	0.000%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049	+0.012%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,048.9	−0.003%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049	+0.008%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.235%	$19K	$5K	12x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,048.1	−0.078%	$759K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,048.9	0.000%	$32K	$1K	10x	as long as short
GRVT MU_USDT_Perp	+0.0158%	8h	1,049	+0.006%	$81K	$1.3M	10x	as long as short
Aster MUUSD1	+0.0200%	8h	1,049.2	+0.028%	$21.6M	$50.1M	20x	as long as short
Variational Omni MU	+0.0204%	8h	1,049.1	+0.018%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0218%	8h	1,049.1	+0.018%	$126.8M	$524.9M	50x	as long as short
Bitget MUUSDT	+0.0274%	8h	1,049.3	+0.039%	$20.3M	$41.9M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,049.2	+0.029%	$537K	$273K	15x	as long as short
BloFin MU-USDT	+0.0368%	8h	1,049.8	+0.087%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDCshort	+0.0507%	1h	1,049.2	+0.025%	$333K	$348K	20x