MU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.06 per $10,000 · paid last 24h −0.044%

Price spread now: Injective against Coinbase International+1.254%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.358%−$36 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 1.254% dearer against Coinbase International than usual: you sell high and buy low (spread +1.254% now, against zero (this spread has no 7-day history yet)): +$125 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−0.358% in total) that is about 25 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,038.3	0.0080	pay 0.0010% / 1h	10m 30s	$726K	$1.2M	10x
Short	Injective MU/USDC PERP	1,051.4	0.0033	get 0.0004% / 1h	10m 30s	$19K	$5K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee InjectivebpOrdersPrice spread, now +1.254%Rate

Funding earned: −$9.8
Price spread: +1.254% → 0.000%: $125.39
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $105.57
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.

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 Coinbase International live order book, 3 min ago	2.12 bp	8.3 bp −$8	12.2 bp −$122	34.4 bp −$3,443	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0799%	4h	1,038.2	−0.013%	$1.3M	$674K	10x	as long as short
Bitget MUUSDT	−0.0153%	8h	1,038.5	+0.011%	$20.2M	$39.9M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.4	+0.001%	$21.2M	$67.0M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.2	−0.011%	$122.3M	$537.2M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.3	−0.007%	$18.8M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.4	+0.001%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.3	−0.005%	$313K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.8	−0.057%	$61.5M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.8	−0.056%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.7	+0.032%	$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	1,038	−0.034%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.4	+0.104%	$11K	$5.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,037.6	−0.067%	$74K	$617K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.2	−0.012%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0006%	1h	1,038	−0.033%	$25K	$388K	10x	as long as short
Nado MU-PERP	+0.0014%	1h	1,037.9	−0.042%	$280K	$804K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,038.1	−0.023%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038	−0.038%	$7.0M	$18.7M	10x	as long as short
Lighter MU	+0.0032%	1h	1,038.1	−0.026%	$1.0M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.9	−0.040%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.6	−0.067%	$545K	$1.1M	10x	as long as short
Injective MU/USDC PERPshort	+0.0033%	1h	1,051.4	+1.254%	$19K	$5K	12x
Arcus MU-USD	+0.0040%	1h	1,037.6	−0.069%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.3	0.000%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.7	−0.062%	$176.3M	$81.5M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038	−0.033%	$168K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,037.7	−0.066%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,038	−0.029%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,037.8	−0.051%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.4	−0.091%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0080%	1h	1,038.3	long leg	$726K	$1.2M	10x
Pacifica MU	+0.0100%	1h	1,037.6	−0.070%	$144K	$192K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.6	−0.068%	$5.2M	$4.1M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.7	+0.037%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.9	−0.043%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038	−0.038%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.9	+0.054%	$531K	$270K	15x	as long as short