MU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h +0.030%

Price spread now: Deribit against SoDEX−0.021%7-day average −0.004% · 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−$54as in the Price arb table

costs, in and out, $10k−$520.524% of the position

Long on SoDEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.015%−$2 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.021%, 7d avg −0.004%

Together, before fees+0.005%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MU-USD	1,052.2	0.0050	pay 0.0006% / 1h	8m 04s	$690K	$16K	10x
Short	Deribit MU_USDC-PERPETUAL	1,051.9	0	get 0.0000% / 1h	8m 04s	$72K	$447K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SoDEX. 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 SoDEXbpFee DeribitbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$10.5
Price spread: −0.021% → −0.004%: −$1.67
Slippage, 4 orders: −$37.41
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$64.58
Costs to cover: 0.524%
Break-even: never at this rate

Slippage from SoDEX: live order book, 51 min ago; Deribit: live order book, 51 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 SoDEX live order book, 51 min ago	0.05 bp	11.7 bp −$12	39.4 bp −$394	doesn't fit	doesn't fit
Sell Deribit live order book, 51 min ago	1.90 bp	13.9 bp −$14	17.0 bp −$170	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	−0.0884%	4h	1,052	−0.019%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,052.4	+0.027%	$21.4M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.2	+0.004%	$31.2M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.4	+0.026%	$340K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.2	0.000%	$62.3M	$27.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,051.9	−0.021%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.4	+0.023%	$81K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,052.2	+0.004%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.6	+0.047%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUALshort	0.0000%	1h	1,051.9	−0.021%	$72K	$447K	10x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,052	−0.010%	$131K	$434K	50x	as long as short
Bybit MUUSDT	+0.0016%	8h	1,052.4	+0.021%	$19.1M	$32.2M	100x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,052	−0.012%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.3	+0.010%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.7	−0.039%	$566K	$1.1M	10x	as long as short
Binance MUUSDT	+0.0032%	8h	1,052.3	+0.013%	$126.6M	$516.3M	50x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.075%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052.2	+0.005%	$7.1M	$17.8M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.9	−0.024%	$71K	$234K	10x	as long as short
Nado MU-PERP	+0.0043%	1h	1,052.1	−0.002%	$282K	$836K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.4	+0.115%	—	$176K	25x	as long as short
Bullet MU-USD	+0.0046%	1h	1,052.4	+0.021%	$26K	$395K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.9	−0.024%	$171K	$202K	10x	as long as short
SoDEX MU-USDlong	+0.0050%	1h	1,052.2	long leg	$690K	$16K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.4	−0.076%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,052.2	+0.005%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.3	+0.014%	$1.1M	$5.1M	20x	as long as short
Bitget MUUSDT	+0.0059%	8h	1,052.3	+0.013%	$20.5M	$41.1M	50x	as long as short
tradeXYZ xyz:MU	+0.0068%	1h	1,052	−0.014%	$178.8M	$97.8M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.9	+0.070%	$759K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0088%	1h	1,051.8	−0.031%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.4	+0.021%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.1	−0.007%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	−0.010%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.1	−0.003%	$836	$799	20x	as long as short
BloFin MU-USDT	+0.0135%	8h	1,052.5	+0.029%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.4	+0.024%	$538K	$271K	15x	as long as short