MU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0051%/8h= −5.6% APRnext payment −$0.06 per $10,000 · paid last 24h +0.026%

Price spread now: Coinbase International against Deribit−0.263%7-day average −0.014% · 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−$74as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.064%+$6 on $10k

Price spread, last 3 days (all we have)+0.239%+$24 · spread now −0.263%, 7d avg −0.014%

Together, before fees+0.303%+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.248% cheaper against Deribit than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.014%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MU_USDC-PERPETUAL	1,051.1	0.0235	pay 0.0029% / 1h	24m 23s	$64K	$304K	10x
Short	Coinbase International MU-PERP-INTX	1,048.4	0.0184	get 0.0023% / 1h	24m 23s	$759K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.263%Rate

Funding earned: −$10.8
Price spread: −0.263% → −0.014%: −$24.83
Slippage, 4 orders: −$31.69
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$84.32
Costs to cover: 0.487%
Break-even: never at this rate

Slippage from Deribit: live order book, 49 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 Deribit live order book, 49 min ago	3.44 bp	14.4 bp −$14	19.3 bp −$193	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	4.42 bp	10.1 bp −$10	10.5 bp −$105	74.4 bp −$7,439	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	−0.0576%	4h	1,052.5	+0.134%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.2	−0.084%	$62.8M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.3	−0.075%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.6	+0.140%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.1	−0.007%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.4	−0.065%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,050.4	−0.067%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.5	−0.055%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.023%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.4	+0.029%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,050	−0.107%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.7	−0.136%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,050.5	−0.064%	$7.7M	$22.0M	10x	as long as short
Nado MU-PERP	+0.0085%	1h	1,049.7	−0.137%	$274K	$857K	10x	as long as short
Paradex MU-USD-PERP	+0.0092%	8h	1,050.5	−0.059%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,050.6	−0.047%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050	−0.103%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	+0.080%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.5	−0.060%	$835	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0104%	8h	1,050.3	−0.080%	$30.9M	$101.8M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,050	−0.106%	$32K	$1K	10x	as long as short
SoDEX MU-USD	+0.0139%	1h	1,051.2	+0.009%	$690K	$16K	10x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0184%	1h	1,048.4	−0.263%	$759K	$1.2M	10x
Bybit MUUSDT	+0.0197%	8h	1,050.5	−0.064%	$19.4M	$32.6M	100x	as long as short
Bullet MU-USD	+0.0219%	1h	1,050.5	−0.059%	$26K	$396K	10x	as long as short
Variational Omni MU	+0.0224%	8h	1,051.7	+0.051%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0235%	8h	1,050.1	−0.094%	$21.6M	$48.3M	20x	as long as short
Deribit MU_USDC-PERPETUALlong	+0.0235%	1h	1,051.1	long leg	$64K	$304K	10x
Binance MUUSDT	+0.0237%	8h	1,050.4	−0.070%	$126.0M	$522.5M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,051.1	−0.004%	$71K	$243K	10x	as long as short
tradeXYZ xyz:MU	+0.0250%	1h	1,050.1	−0.097%	$178.3M	$100.3M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,050.4	−0.065%	$316K	$339K	20x	as long as short
BloFin MU-USDT	+0.0355%	8h	1,051.3	+0.014%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0377%	8h	1,050.3	−0.080%	$20.6M	$41.6M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.2	−0.088%	$537K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0400%	1h	1,049.8	−0.123%	$570K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0551%	8h	1,052.6	+0.138%	$83K	$1.3M	10x	as long as short