MU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h −0.029%

Price spread now: Arcus against RISEx−0.159%7-day average −0.048% · 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−$39as in the Price arb table

costs, in and out, $10k−$270.275% of the position

Long on RISEx Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.091%+$9 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.159%, 7d avg −0.048%

Together, before fees+0.205%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.111% cheaper against RISEx than usual: you would sell low and buy high (spread −0.159% now, against its 7-day average of −0.048%). If the spread goes back, that is −$11 on $10k: about 9.2 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.091% in total) that is about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MU/USDC	1,041.4	0	get 0.0000% / 1h	7m 43s	$316K	$382K	20x
Short	Arcus MU-USD	1,039.8	0.0040	get 0.0005% / 1h	7m 43s	$70K	$231K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against RISEx. 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 RISExbpFee ArcusbpOrdersPrice spread, now −0.159%Rate

Funding earned: $8.46
Price spread: −0.159% → −0.048%: −$11.13
Slippage, 4 orders: −$16.96
Fee RISEx: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$30.13
Costs to cover: 0.275%
Break-even: 31.9 days

Slippage from RISEx: live order book, 41 min ago; Arcus: live order book, 40 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 RISEx live order book, 41 min ago	0.58 bp	3.6 bp −$4	4.8 bp −$48	doesn't fit	doesn't fit
Sell Arcus live order book, 40 min ago	3.74 bp	10.9 bp −$11	13.4 bp −$134	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	−0.0827%	4h	1,040.2	−0.117%	$1.3M	$671K	10x	as long as short
Bitget MUUSDT	−0.0128%	8h	1,041.3	−0.008%	$20.3M	$41.2M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,041.5	+0.013%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,041.5	+0.010%	$122.2M	$536.2M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,041.4	−0.003%	$18.7M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,041.2	−0.023%	$30.0M	$101.7M	50x	as long as short
RISEx MU/USDClong	0.0000%	1h	1,041.4	long leg	$316K	$382K	20x
Gate MU_USDT	0.0000%	8h	1,041	−0.037%	$61.6M	$28.6M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,040.3	−0.106%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,040.7	−0.063%	$84K	$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	1,040.6	−0.073%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042.5	+0.102%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,040.9	−0.048%	$74K	$531K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,040.9	−0.049%	$128K	$442K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,039.2	−0.210%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0021%	1h	1,040.8	−0.058%	$278K	$816K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,041	−0.035%	$7.0M	$18.3M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,041.4	−0.004%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,040.6	−0.076%	$544K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.956%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0036%	1h	1,041.2	−0.021%	$26K	$390K	10x	as long as short
Arcus MU-USDshort	+0.0040%	1h	1,039.8	−0.159%	$70K	$231K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,041.3	−0.008%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,041.2	−0.020%	$177.1M	$90.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040.9	−0.048%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.9	−0.048%	$683K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,040.5	−0.092%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,041.1	−0.025%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,040.5	−0.089%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,040.9	−0.048%	$148K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,040.7	−0.066%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,040.8	−0.063%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.9	−0.051%	$827	$799	20x	as long as short
Lighter MU	+0.0104%	1h	1,041.6	+0.016%	$1.1M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.7	−0.070%	$1.4M	$2.1M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.522%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,041	−0.039%	$532K	$270K	15x	as long as short