MU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0200%/8h= +21.8% APRnext payment +$0.25 per $10,000 · paid last 24h +0.042%

Price spread now: Phoenix against Extended+0.064%48s7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.304% of the position

Long on Extended Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.222%+$22 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.064%, 7d avg +0.053%

Together, before fees+0.197%+ Points / potential airdropExtended: Active · farm board+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,037.7	0.0032	pay 0.0004% / 1h	2m 37s	$544K	$1.1M	10x
Short	Phoenix MU	1,038.4	0.0232	get 0.0029% / 1h	2m 37s	$531K	$270K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Extended. 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 ExtendedbpFee PhoenixbpOrdersPrice spread, now +0.064%Rate

Funding earned: $41.9
Price spread: +0.064% → +0.053%: $1.13
Slippage, 4 orders: −$18.44
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $12.6
Costs to cover: 0.304%
Break-even: 4.9 days

Slippage from Extended: live order book, 1 min ago; Phoenix: live order book, 35 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 Extended live order book, 1 min ago	0.05 bp	3.3 bp −$3	11.2 bp −$112	doesn't fit	doesn't fit
Sell Phoenix live order book, 35 min ago	2.89 bp	10.8 bp −$11	23.4 bp −$234	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	−0.0555%	4h	1,038.3	+0.052%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0128%	8h	1,038.7	+0.095%	$20.2M	$39.9M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.6	+0.085%	$21.2M	$67.9M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.4	+0.064%	$122.5M	$536.7M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.5	+0.075%	$18.8M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.2	+0.048%	$29.8M	$100.0M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.6	+0.080%	$312K	$385K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.4	+0.064%	$61.6M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,038.3	+0.054%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.4	+0.068%	$80K	$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	1,038.7	+0.095%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.9	+0.206%	$11K	$5.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.5	+0.077%	$74K	$621K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.4	+0.066%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0006%	1h	1,038.6	+0.083%	$24K	$388K	10x	as long as short
Nado MU-PERP	+0.0018%	1h	1,038.2	+0.046%	$280K	$802K	10x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,038.3	+0.054%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038.5	+0.070%	$7.0M	$18.7M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.5	+0.075%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USDlong	+0.0032%	1h	1,037.7	long leg	$544K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.313%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,038.7	+0.090%	$1.0M	$4.9M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.9	+0.019%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.8	+0.101%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.4	+0.064%	$176.4M	$80.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.6	+0.083%	$168K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.5	+0.069%	$681K	$15K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,038.4	+0.064%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.6	−0.015%	$1.9M	$2.7M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.3	+0.055%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.3	+0.058%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.1	+0.034%	$145K	$191K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.2	+0.048%	$5.2M	$4.2M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	+0.072%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.6	+0.083%	$826	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.5	+0.078%	$1.5M	$2.1M	20x	as long as short
Phoenix MUshort	+0.0232%	1h	1,038.4	+0.064%	$531K	$270K	15x