MU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.05 per $10,000 · paid last 24h −0.002%

Price spread now: Bullet against Deribit+0.045%7-day average +0.034% · 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−$44as in the Price arb table

costs, in and out, $10k−$450.448% of the position

Long on Deribit Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.085%+$9 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now +0.045%, 7d avg +0.034%

Together, before fees+0.106%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MU_USDC-PERPETUAL	1,050.8	0.0178	pay 0.0022% / 1h	21m 57s	$64K	$305K	10x
Short	Bullet MU-USD	1,051.3	0.0214	get 0.0027% / 1h	21m 57s	$25K	$395K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Deribit. 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 DeribitbpFee BulletbpOrdersPrice spread, now +0.045%Rate

Funding earned: $7.57
Price spread: +0.045% → +0.034%: $1.03
Slippage, 4 orders: −$29.78
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$36.19
Costs to cover: 0.448%
Break-even: 40.5 days

Slippage from Deribit: live order book, 52 min ago; Bullet: live order book, 52 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 Deribit live order book, 52 min ago	3.44 bp	14.4 bp −$14	19.3 bp −$193	doesn't fit	doesn't fit
Sell Bullet live order book, 52 min ago	1.43 bp	7.1 bp −$7	21.6 bp −$216	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	−0.0040%	4h	1,051.4	+0.054%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.9	+0.010%	$62.8M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.6	−0.115%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.8	+0.185%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.6	−0.021%	$130K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.5	−0.033%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.8	+0.001%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.050%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,051	+0.017%	$1.1M	$4.8M	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.9	+0.102%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,051	+0.016%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.3	−0.048%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,051.2	+0.038%	$7.7M	$21.9M	10x	as long as short
Nado MU-PERP	+0.0086%	1h	1,050.8	−0.001%	$274K	$858K	10x	as long as short
Paradex MU-USD-PERP	+0.0092%	8h	1,051.4	+0.051%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,050.9	+0.004%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.4	−0.044%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	+0.108%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.9	+0.008%	$835	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0105%	8h	1,051	+0.017%	$30.9M	$101.8M	50x	as long as short
SoDEX MU-USD	+0.0107%	1h	1,051	+0.020%	$690K	$16K	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,050.8	−0.003%	$32K	$1K	10x	as long as short
Deribit MU_USDC-PERPETUALlong	+0.0178%	1h	1,050.8	long leg	$64K	$305K	10x
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	−0.235%	$759K	$1.2M	10x	as long as short
Bybit MUUSDT	+0.0208%	8h	1,051.3	+0.042%	$19.4M	$32.7M	100x	as long as short
Bullet MU-USDshort	+0.0214%	1h	1,051.3	+0.045%	$25K	$395K	10x
Variational Omni MU	+0.0224%	8h	1,051.7	+0.078%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0238%	8h	1,050.5	−0.034%	$21.6M	$48.3M	20x	as long as short
Binance MUUSDT	+0.0238%	8h	1,051	+0.012%	$126.0M	$522.2M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,050.8	−0.005%	$71K	$243K	10x	as long as short
tradeXYZ xyz:MU	+0.0241%	1h	1,050.8	−0.003%	$178.4M	$100.3M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,051.3	+0.042%	$316K	$339K	20x	as long as short
BloFin MU-USDT	+0.0356%	8h	1,051.1	+0.026%	$1.5M	$2.0M	20x	as long as short
Extended MU_24_5-USD	+0.0376%	1h	1,050	−0.076%	$566K	$1.2M	10x	as long as short
Bitget MUUSDT	+0.0381%	8h	1,051	+0.018%	$20.6M	$41.6M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.9	+0.007%	$538K	$306K	15x	as long as short
GRVT MU_USDT_Perp	+0.0550%	8h	1,051.5	+0.064%	$83K	$1.3M	10x	as long as short