MU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.002%

Price spread now: Deribit against tradeXYZ+0.023%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on tradeXYZ Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.023%, 7d avg +0.025%

Together, before fees−0.009%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, 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	tradeXYZ xyz:MU	1,037.2	0.0050	pay 0.0006% / 1h	30m 58s	$176.3M	$82.7M	10x
Short	Deribit MU_USDC-PERPETUAL	1,037.4	0	get 0.0000% / 1h	30m 58s	$74K	$610K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against tradeXYZ. 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 tradeXYZbpFee DeribitbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$10.5
Price spread: +0.023% → +0.025%: −$0.23
Slippage, 4 orders: −$20.79
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$56.51
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 min ago; Deribit: live order book, 8 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 tradeXYZ live order book, 9 min ago	0.48 bp	9.9 bp −$10	11.4 bp −$114	16.4 bp −$1,641	doesn't fit
Sell Deribit live order book, 8 min ago	3.76 bp	9.8 bp −$10	14.3 bp −$143	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	−0.0695%	4h	1,037.8	+0.059%	$1.3M	$674K	10x	as long as short
Bitget MUUSDT	−0.0176%	8h	1,037.6	+0.040%	$20.2M	$40.0M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,037.5	+0.033%	$21.2M	$65.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.2	+0.003%	$122.0M	$538.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037.1	−0.012%	$18.7M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,037.3	+0.013%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,037.8	+0.054%	$313K	$385K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.4	+0.021%	$61.4M	$28.3M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.7	+0.047%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.4	+0.112%	$71K	$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	1,037.9	+0.067%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.4	+0.209%	$11K	$5.5M	10x	as long as short
Deribit MU_USDC-PERPETUALshort	0.0000%	1h	1,037.4	+0.023%	$74K	$610K	10x
HTX MU-USDT	0.0000%	8h	1,037.3	+0.006%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0014%	1h	1,037.7	+0.052%	$25K	$390K	10x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,037.8	+0.061%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0021%	1h	1,037.4	+0.015%	$280K	$806K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,037.6	+0.037%	$7.0M	$18.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,037.7	+0.048%	$1.0M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.6	+0.037%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036.7	−0.049%	$545K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.365%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.3	+0.006%	$90K	$245K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,037.6	+0.039%	—	$175K	25x	as long as short
tradeXYZ xyz:MUlong	+0.0050%	1h	1,037.2	long leg	$176.3M	$82.7M	10x
Polymarket Perps MU-USD	+0.0050%	1h	1,037.4	+0.019%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,037.5	+0.027%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.1	−0.012%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,037.7	+0.043%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.2	+0.004%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,037.6	+0.036%	$725K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.4	+0.022%	$147K	$188K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.1	−0.010%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.2	+0.002%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.6	+0.039%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,037.6	+0.041%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.2	+0.096%	$531K	$270K	15x	as long as short