MU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.065%

Price spread now: Gate against BloFin−0.096%63s7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.328% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.404%−$40 on $10k

Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.096%, 7d avg −0.038%

Together, before fees−0.265%−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.057% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.038%). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MU-USDT	1,044.2	0.0120	pay 0.0120% / 8h	3h 17m	$1.5M	$2.0M	20x
Short	Gate MU_USDT	1,043.2	0	get 0.0000% / 8h	3h 17m	$61.9M	$27.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.096%Rate

Funding earned: −$25.2
Price spread: −0.096% → −0.038%: −$5.73
Slippage, 4 orders: −$5.77
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$63.71
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Gate: live order book, 1 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 BloFin live order book, 5 min ago	0.05 bp	6.0 bp −$6	6.8 bp −$68	14.6 bp −$1,461	doesn't fit
Sell Gate live order book, 1 min ago	0.96 bp	8.8 bp −$9	14.7 bp −$147	31.1 bp −$3,114	61.1 bp −$30.6K

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	−0.0350%	4h	1,044.9	+0.070%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,044.6	+0.033%	$21.2M	$56.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,044.3	+0.012%	$124.0M	$522.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,044.4	+0.015%	$18.7M	$31.8M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,043.3	−0.083%	$30.9M	$99.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,043.5	−0.067%	$337K	$353K	20x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,043.2	−0.096%	$61.9M	$27.9M	75x
Bitget MUUSDT	0.0000%	8h	1,044.2	−0.005%	$20.5M	$41.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,045.1	+0.081%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,044.9	+0.068%	$79K	$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	1,043.7	−0.045%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,045.7	+0.138%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,043.2	−0.097%	$73K	$480K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043	−0.112%	$130K	$435K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,044.1	−0.010%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,043.3	−0.091%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,043.4	−0.081%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.4	−0.074%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,043.6	−0.057%	$548K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.685%	$19K	$5K	12x	as long as short
Nado MU-PERP	+0.0035%	1h	1,043.3	−0.089%	$280K	$828K	10x	as long as short
Bullet MU-USD	+0.0039%	1h	1,043.3	−0.085%	$26K	$392K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,043.9	−0.028%	$70K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,043.9	−0.032%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,043.2	−0.097%	$176.6M	$95.3M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,043	−0.116%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,043.2	−0.102%	$685K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,043.5	−0.072%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.2	−0.094%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,042.8	−0.134%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,043.4	−0.078%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.3	−0.088%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,044.5	+0.026%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.2	−0.099%	$829	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.8	+0.052%	$749K	$1.2M	10x	as long as short
BloFin MU-USDTlong	+0.0120%	8h	1,044.2	long leg	$1.5M	$2.0M	20x
Phoenix MU	+0.0305%	1h	1,044.9	+0.066%	$534K	$271K	15x	as long as short