MU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0294%/8h= +32.2% APRnext payment +$0.37 per $10,000 · paid last 24h −0.016%

Price spread now: Deribit against RISEx−0.003%7-day average −0.033% · 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−$31as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on RISEx Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.192%−$19 · spread now −0.003%, 7d avg −0.033%

Together, before fees−0.189%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Deribit is 0.030% dearer against RISEx than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.033%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.003% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MU/USDC	1,029.4	0	get 0.0000% / 1h	20m 04s	$293K	$386K	20x
Short	Deribit MU_USDC-PERPETUAL	1,029.4	0.0294	get 0.0037% / 1h	20m 04s	$72K	$631K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.003%Rate

Funding earned: $61.81
Price spread: −0.003% → −0.033%: $3.03
Slippage, 4 orders: −$20.84
Fee RISEx: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $30.99
Costs to cover: 0.338%
Break-even: 3.5 days

Slippage from RISEx: live order book, 13 min ago; Deribit: live order book, 14 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, 13 min ago	1.36 bp	4.4 bp −$4	5.8 bp −$58	doesn't fit	doesn't fit
Sell Deribit live order book, 14 min ago	4.77 bp	8.3 bp −$8	12.6 bp −$126	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	−0.0959%	4h	1,026.4	−0.294%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,029.8	+0.043%	$21.0M	$69.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,029.6	+0.022%	$121.8M	$548.7M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,029.5	+0.010%	$29.1M	$103.2M	50x	as long as short
RISEx MU/USDClong	0.0000%	1h	1,029.4	long leg	$293K	$386K	20x
Gate MU_USDT	0.0000%	8h	1,029.4	−0.002%	$61.8M	$28.4M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,029.7	+0.033%	$19.8M	$41.1M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,029.6	+0.022%	$2.5M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,028.6	−0.083%	$186K	$3.6M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,030.5	+0.102%	$11K	$5.3M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,029.1	−0.029%	$118K	$494K	50x	as long as short
Bybit MUUSDT	+0.0007%	8h	1,029.6	+0.022%	$18.6M	$32.4M	100x	as long as short
QFEX MU-USD	+0.0027%	1h	1,029.4	−0.004%	$6.9M	$18.9M	10x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,026.9	−0.244%	$3K	$43K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,029.3	−0.008%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,028.5	−0.086%	$539K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.133%	$19K	$5K	12x	as long as short
GRVT MU_USDT_Perp	+0.0040%	8h	1,026.9	−0.242%	$81K	$1.4M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,029.2	−0.024%	$89K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,029.1	−0.025%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,029.2	−0.019%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,029.4	−0.003%	$676K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,028.6	−0.077%	$1.9M	$3.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0070%	8h	1,029.4	−0.003%	$2K	—	5x	as long as short
Lighter MU	+0.0080%	1h	1,029.5	+0.007%	$992K	$5.0M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,029.1	−0.032%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,029.4	+0.001%	$719K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,029	−0.039%	$146K	$194K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,028.4	−0.096%	$5.1M	$4.7M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,026.4	−0.293%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,029.1	−0.030%	$818	$799	20x	as long as short
tradeXYZ xyz:MU	+0.0100%	1h	1,029.2	−0.019%	$174.0M	$78.9M	10x	as long as short
Nado MU-PERP	+0.0101%	1h	1,028.5	−0.083%	$263K	$815K	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,029.4	−0.003%	$1.5M	$2.3M	20x	as long as short
Bullet MU-USD	+0.0145%	1h	1,029.6	+0.019%	$25K	$388K	10x	as long as short
Phoenix MU	+0.0231%	1h	1,028.4	−0.097%	$526K	$270K	15x	as long as short
Deribit MU_USDC-PERPETUALshort	+0.0294%	1h	1,029.4	−0.003%	$72K	$631K	10x