MU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.03 per $10,000 · paid last 24h +0.037%

Price spread now: tradeXYZ against Injective−0.110%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.226%+$23 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.110% cheaper against Injective than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 16 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.226% in total) that is about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MU/USDC PERP	1,051.4	0.0033	pay 0.0004% / 1h	23m 22s	$19K	$5K	12x
Short	tradeXYZ xyz:MU	1,050.2	0.0056	get 0.0007% / 1h	23m 22s	$178.1M	$98.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Injective. 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 InjectivebpFee tradeXYZbpOrdersPrice spread, now −0.110%Rate

Funding earned: $4.85
Price spread: −0.110% → 0.000%: −$11.03
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$24.2
Costs to cover: 0.180%
Break-even: 41.9 days

Slippage unknown: Injective: no order-book sample; tradeXYZ: live order book, 5 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 5 min ago	0.48 bp	9.8 bp −$10	10.7 bp −$107	15.2 bp −$1,521	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0738%	4h	1,050.1	−0.123%	$1.3M	$671K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.7	−0.059%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.7	−0.067%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.3	−0.100%	$62.0M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.2	−0.109%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.2	−0.113%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.2	+0.084%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.3	−0.101%	$67K	$377K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.2	−0.111%	$129K	$429K	50x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,050.1	−0.121%	$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
OKX MU-USDT-SWAP	+0.0020%	8h	1,050.4	−0.089%	$31.0M	$99.7M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.3	−0.101%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.3	−0.098%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERPlong	+0.0033%	1h	1,051.4	long leg	$19K	$5K	12x
Arcus MU-USD	+0.0040%	1h	1,050.1	−0.117%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.3	−0.004%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,050.6	−0.073%	$1.1M	$5.0M	20x	as long as short
Extended MU_24_5-USD	+0.0048%	1h	1,049.9	−0.143%	$564K	$1.1M	10x	as long as short
Nado MU-PERP	+0.0049%	1h	1,050.3	−0.104%	$282K	$847K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.1	−0.120%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.4	−0.090%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.3	−0.199%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0055%	8h	1,050.4	−0.087%	$2K	—	5x	as long as short
tradeXYZ xyz:MUshort	+0.0056%	1h	1,050.2	−0.110%	$178.1M	$98.9M	10x
Aster MUUSD1	+0.0059%	8h	1,050.4	−0.088%	$21.4M	$53.0M	20x	as long as short
Bullet MU-USD	+0.0064%	1h	1,050.6	−0.072%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.135%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.5	−0.079%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.2	−0.107%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050	−0.134%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.3	−0.101%	$835	$799	20x	as long as short
Variational Omni MU	+0.0101%	8h	1,050.2	−0.113%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERP	+0.0112%	1h	1,050	−0.126%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0114%	8h	1,050.5	−0.083%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDT	+0.0125%	8h	1,050.5	−0.078%	$126.5M	$518.5M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.4	−0.091%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0248%	8h	1,050.3	−0.100%	$1.5M	$2.0M	20x	as long as short