MU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.11 per $10,000 · paid last 24h −0.028%

Price spread now: SoDEX against Coinbase International+0.065%7-day average +0.017% · 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−$35as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Coinbase International Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.055%−$6 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.065%, 7d avg +0.017%

Together, before fees−0.125%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SoDEX is 0.047% dearer against Coinbase International than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of +0.017%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,037.9	0.0136	pay 0.0017% / 1h	53m 39s	$727K	$1.2M	10x
Short	SoDEX MU-USD	1,038.6	0.0050	get 0.0006% / 1h	53m 39s	$683K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Coinbase International. 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 Coinbase InternationalbpFee SoDEXbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$18.06
Price spread: +0.065% → +0.017%: $4.73
Slippage, 4 orders: −$21.59
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$52.93
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; SoDEX: live order book, 53 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 Coinbase International live order book, 3 min ago	2.17 bp	9.0 bp −$9	14.3 bp −$143	51.2 bp −$5,122	doesn't fit
Sell SoDEX live order book, 53 min ago	0.05 bp	11.5 bp −$12	36.2 bp −$362	doesn't fit	doesn't fit

MU on 37 exchanges

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	−0.0171%	4h	1,038.9	+0.099%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.8	+0.086%	$21.2M	$73.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.4	+0.046%	$121.9M	$554.1M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.2	+0.032%	$29.9M	$106.7M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,038	+0.013%	$61.3M	$27.3M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,038.1	+0.025%	$19.8M	$43.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,038.8	+0.088%	$2.6M	$2.5M	—	as long as short
StandX MU-USD	0.0000%	1h	1,038.5	+0.063%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.5	+0.252%	$11K	$4.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.2	+0.029%	$32K	$733K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,038.5	+0.059%	$119K	$472K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,038	+0.007%	$1.2M	$4.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.299%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0038%	1h	1,038.7	+0.083%	$3K	$41K	10x	as long as short
RISEx MU/USDC	+0.0045%	1h	1,038.6	+0.066%	$298K	$333K	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,039.9	+0.192%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.8	+0.089%	$169K	$163K	10x	as long as short
SoDEX MU-USDshort	+0.0050%	1h	1,038.6	+0.065%	$683K	$14K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.9	+0.003%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0059%	1h	1,038	+0.013%	$7.0M	$19.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0078%	8h	1,037.9	−0.001%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.2	+0.035%	$32K	$1K	10x	as long as short
Bybit MUUSDT	+0.0085%	8h	1,038.4	+0.045%	$18.8M	$32.2M	100x	as long as short
Pacifica MU	+0.0100%	1h	1,038.1	+0.021%	$151K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.3	+0.040%	$5.2M	$6.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,039.4	+0.143%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.7	+0.074%	$826	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,039	+0.107%	$1.5M	$2.7M	20x	as long as short
Lighter MU	+0.0128%	1h	1,037.9	+0.003%	$1.0M	$4.9M	20x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0136%	1h	1,037.9	long leg	$727K	$1.2M	10x
Nado MU-PERP	+0.0142%	1h	1,038.4	+0.053%	$276K	$834K	10x	as long as short
GRVT MU_USDT_Perp	+0.0158%	8h	1,039.9	+0.197%	$72K	$1.4M	10x	as long as short
Arcus MU-USD	+0.0186%	1h	1,037.9	+0.002%	$90K	$159K	10x	as long as short
tradeXYZ xyz:MU	+0.0239%	1h	1,037.9	+0.002%	$177.5M	$74.5M	10x	as long as short
Bullet MU-USD	+0.0242%	1h	1,038.9	+0.098%	$26K	$383K	10x	as long as short
Extended MU_24_5-USD	+0.0272%	1h	1,037.6	−0.023%	$551K	$1.1M	10x	as long as short
Phoenix MU	+0.0308%	1h	1,041.5	+0.349%	$533K	$159K	15x	as long as short