MU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.05 per $10,000 · paid last 24h −0.013%

Price spread now: tradeXYZ against Coinbase International+0.063%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Coinbase International Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.156%−$16 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.063%, 7d avg −0.013%

Together, before fees−0.117%+ Points / potential airdroptradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.076% dearer against Coinbase International than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of −0.013%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,049.9	0.0096	pay 0.0012% / 1h	21m 25s	$756K	$1.2M	10x
Short	tradeXYZ xyz:MU	1,050.6	0.0058	get 0.0007% / 1h	21m 25s	$178.2M	$98.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$8.07
Price spread: +0.063% → −0.013%: $7.6
Slippage, 4 orders: −$8.35
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$36.82
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; tradeXYZ: live order book, 7 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, 2 min ago	2.62 bp	7.7 bp −$8	11.4 bp −$114	46.8 bp −$4,682	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.48 bp	9.8 bp −$10	10.7 bp −$107	15.2 bp −$1,521	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	−0.0738%	4h	1,050.1	+0.012%	$1.3M	$671K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,051.3	+0.133%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,051.1	+0.108%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.9	+0.094%	$61.9M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.7	+0.068%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.2	+0.020%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.7	+0.261%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.5	+0.056%	$129K	$429K	50x	as long as short
OKX MU-USDT-SWAP	+0.0019%	8h	1,051.2	+0.119%	$31.0M	$99.8M	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050.4	+0.041%	$3K	$44K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MU-USD	+0.0030%	1h	1,050.7	+0.072%	$7.2M	$18.0M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.7	+0.073%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.135%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.3	+0.031%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.6	+0.160%	—	$175K	25x	as long as short
Nado MU-PERP	+0.0047%	1h	1,050.5	+0.053%	$282K	$847K	10x	as long as short
Lighter MU	+0.0048%	1h	1,050.9	+0.089%	$1.1M	$5.0M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.6	+0.063%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.9	+0.090%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.3	−0.064%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0055%	8h	1,050.9	+0.089%	$2K	—	5x	as long as short
Extended MU_24_5-USD	+0.0056%	1h	1,050.2	+0.023%	$564K	$1.1M	10x	as long as short
Aster MUUSD1	+0.0057%	8h	1,050.7	+0.076%	$21.4M	$53.3M	20x	as long as short
tradeXYZ xyz:MUshort	+0.0058%	1h	1,050.6	+0.063%	$178.2M	$98.9M	10x
Deribit MU_USDC-PERPETUAL	+0.0064%	1h	1,050.7	+0.070%	$68K	$379K	10x	as long as short
Bullet MU-USD	+0.0065%	1h	1,051.1	+0.111%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0096%	1h	1,049.9	long leg	$756K	$1.2M	10x
Pacifica MU	+0.0100%	1h	1,050.5	+0.055%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.7	+0.069%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.3	+0.031%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.9	+0.093%	$835	$799	20x	as long as short
Variational Omni MU	+0.0101%	8h	1,050.2	+0.022%	$2.7M	$2.4M	—	as long as short
Bitget MUUSDT	+0.0111%	8h	1,051	+0.098%	$20.6M	$41.1M	50x	as long as short
Aevo MU-PERP	+0.0112%	1h	1,050.6	+0.059%	$32K	$1K	10x	as long as short
Binance MUUSDT	+0.0123%	8h	1,051.1	+0.113%	$126.6M	$518.5M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.7	+0.072%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0245%	8h	1,050.7	+0.068%	$1.5M	$2.0M	20x	as long as short