MU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0145%/8h= −15.9% APRnext payment −$0.18 per $10,000 · paid last 24h +0.006%

Price spread now: Deribit against Bullet−0.043%7-day average −0.035% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on Bullet Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.087%−$9 on $10k

Price spread, last 3 days (all we have)−0.017%−$2 · spread now −0.043%, 7d avg −0.035%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet MU-USD	1,050.1	0.0145	pay 0.0018% / 1h	48m 26s	$26K	$397K	10x
Short	Deribit MU_USDC-PERPETUAL	1,049.6	0	get 0.0000% / 1h	48m 26s	$66K	$356K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bullet. 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 BulletbpFee DeribitbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$30.44
Price spread: −0.043% → −0.035%: −$0.82
Slippage, 4 orders: −$26.3
Fee Bullet: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$72.56
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from Bullet: live order book, 16 min ago; Deribit: live order book, 15 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 Bullet live order book, 16 min ago	0.95 bp	6.6 bp −$7	20.1 bp −$201	doesn't fit	doesn't fit
Sell Deribit live order book, 15 min ago	5.62 bp	16.1 bp −$16	20.0 bp −$200	doesn't fit	doesn't fit

MU on 36 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	−0.0504%	4h	1,050.4	+0.034%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050	−0.003%	$333K	$349K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.8	−0.026%	$62.0M	$27.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	+0.006%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.5	+0.135%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUALshort	0.0000%	1h	1,049.6	−0.043%	$66K	$356K	10x
HTX MU-USDT	0.0000%	8h	1,049.7	−0.034%	$129K	$427K	50x	as long as short
Bybit MUUSDT	+0.0017%	8h	1,050.1	+0.003%	$19.1M	$32.4M	100x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,049.9	−0.016%	$3K	$44K	10x	as long as short
GRVT MU_USDT_Perp	+0.0024%	8h	1,050.8	+0.069%	$79K	$1.3M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MU-USD	+0.0030%	1h	1,049.6	−0.045%	$7.3M	$18.4M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.5	−0.054%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.124%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.4	−0.062%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050	−0.002%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAP	+0.0041%	8h	1,049.8	−0.021%	$31.0M	$100.0M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.7	+0.056%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.6	−0.044%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.9	−0.012%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.9	−0.106%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0059%	8h	1,049.9	−0.020%	$2K	—	5x	as long as short
Lighter MU	+0.0088%	1h	1,049.5	−0.055%	$1.1M	$4.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.011%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,049.8	−0.026%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.9	−0.018%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.071%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050	−0.004%	$835	$799	20x	as long as short
Nado MU-PERP	+0.0104%	1h	1,049.7	−0.038%	$280K	$849K	10x	as long as short
Aster MUUSD1	+0.0108%	8h	1,050.2	+0.010%	$21.4M	$52.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0117%	1h	1,049.6	−0.044%	$178.2M	$99.2M	10x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,049.6	−0.046%	$32K	$1K	10x	as long as short
Variational Omni MU	+0.0144%	8h	1,050.4	+0.036%	$2.7M	$2.3M	—	as long as short
Bullet MU-USDlong	+0.0145%	1h	1,050.1	long leg	$26K	$397K	10x
Binance MUUSDT	+0.0163%	8h	1,049.9	−0.012%	$126.5M	$520.0M	50x	as long as short
Bitget MUUSDT	+0.0165%	8h	1,050	−0.008%	$20.6M	$41.2M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.2	+0.013%	$537K	$271K	15x	as long as short