MU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.021%

Price spread now: Coinbase International against Bullet−0.074%7-day average −0.046% · 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−$33as in the Price arb table

costs, in and out, $10k−$310.305% of the position

Long on Bullet Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.074%, 7d avg −0.046%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.028% cheaper against Bullet than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of −0.046%). If the spread goes back, that is −$3 on $10k: about 28 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet MU-USD	1,045.4	0.0040	pay 0.0005% / 1h	14m 45s	$26K	$392K	10x
Short	Coinbase International MU-PERP-INTX	1,044.6	0.0120	get 0.0015% / 1h	14m 45s	$749K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bullet. 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 BulletbpFee Coinbase InternationalbpOrdersPrice spread, now −0.074%Rate

Funding earned: $16.79
Price spread: −0.074% → −0.046%: −$2.8
Slippage, 4 orders: −$12.53
Fee Bullet: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$16.55
Costs to cover: 0.305%
Break-even: 13.9 days

Slippage from Bullet: live order book, 39 min ago; Coinbase International: live order book, 4 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 Bullet live order book, 39 min ago	0.48 bp	6.4 bp −$6	20.6 bp −$206	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	3.40 bp	8.4 bp −$8	8.7 bp −$87	64.1 bp −$6,415	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	−0.0649%	4h	1,044.1	−0.119%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,044.9	−0.043%	$21.2M	$56.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,044.8	−0.050%	$123.8M	$523.1M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,045	−0.037%	$18.7M	$31.8M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,044.7	−0.067%	$30.9M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,045.1	−0.022%	$337K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,044.9	−0.045%	$62.1M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,045.2	−0.021%	$20.5M	$41.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,045.2	−0.021%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,045.3	−0.003%	$83K	$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	1,045	−0.033%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.4	+0.198%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,044.8	−0.055%	$130K	$434K	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0018%	1h	1,044.8	−0.056%	$73K	$482K	10x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,044.7	−0.068%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,045	−0.040%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,044.7	−0.060%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,044.6	−0.072%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,044.6	−0.076%	$549K	$1.1M	10x	as long as short
Nado MU-PERP	+0.0033%	1h	1,044.6	−0.075%	$282K	$830K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.573%	$19K	$5K	12x	as long as short
Bullet MU-USDlong	+0.0040%	1h	1,045.4	long leg	$26K	$392K	10x
Arcus MU-USD	+0.0040%	1h	1,044.4	−0.096%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.7	+0.032%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,044.7	−0.064%	$177.0M	$95.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045	−0.035%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,044.8	−0.056%	$686K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,044.8	−0.057%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.2	−0.205%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,044.8	−0.055%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,044.6	−0.074%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,044.4	−0.089%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.6	+0.022%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045	−0.037%	$831	$799	20x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0120%	1h	1,044.6	−0.074%	$749K	$1.2M	10x
BloFin MU-USDT	+0.0120%	8h	1,044.9	−0.043%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,044.2	−0.112%	$534K	$271K	15x	as long as short