MU

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0214%/8h= −23.4% APRnext payment −$0.27 per $10,000 · paid last 24h −0.029%

Price spread now: Ondo Perps against Extended−0.123%7-day average −0.027% · you buy dearer than you sell

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

Long on Extended Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 7 days−0.080%−$8 · spread now −0.123%, 7d avg −0.027%

Together, before fees−0.184%+ Points / potential airdropExtended: Active · Ondo Perps: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Ondo Perps is 0.096% cheaper against Extended than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.027%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.104% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.27 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,033.7	0.0264	pay 0.0033% / 1h	15m 48s	$549K	$1.1M	10x
Short	Ondo Perps MU-USD.P	1,032.5	0.0050	get 0.0006% / 1h	15m 48s	$1.9M	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Extended. 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 ExtendedbpFee Ondo PerpsbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$44.86
Price spread: −0.123% → −0.027%: −$9.57
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$64.43
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Extended: live order book, just now; Ondo Perps: 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 Extended live order book, just now	0.10 bp	2.7 bp −$3	12.3 bp −$123	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 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	−0.0255%	4h	1,033	−0.068%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,034.7	+0.093%	$21.1M	$72.4M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,034.6	+0.087%	$120.8M	$549.9M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,034.6	+0.087%	$29.4M	$106.4M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,034.5	+0.071%	$61.6M	$28.0M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,034.6	+0.081%	$19.8M	$42.8M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,034.5	+0.078%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,033.5	−0.025%	$187K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,036.3	+0.252%	$11K	$5.1M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,034.9	+0.117%	$119K	$475K	50x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MU_USDC-PERPETUAL	+0.0021%	1h	1,034.4	+0.063%	$43K	$700K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,034.5	+0.070%	$1.1M	$4.5M	10x	as long as short
Aftermath Perps MUUSD	+0.0032%	1h	1,033.5	−0.027%	$3K	$42K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.705%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,035	+0.126%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,034.8	+0.103%	$167K	$178K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,034.5	+0.075%	$679K	$13K	10x	as long as short
Ondo Perps MU-USD.Pshort	+0.0050%	1h	1,032.5	−0.123%	$1.9M	$3.2M	10x
Bybit MUUSDT	+0.0051%	8h	1,034.5	+0.076%	$18.8M	$32.4M	100x	as long as short
QFEX MU-USD	+0.0059%	1h	1,034.5	+0.076%	$7.0M	$19.0M	10x	as long as short
Paradex MU-USD-PERP	+0.0067%	8h	1,034.2	+0.042%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,034.5	+0.075%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,034	+0.025%	$146K	$223K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,034	+0.027%	$5.2M	$5.6M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,033.6	−0.018%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,034.3	+0.054%	$822	$799	20x	as long as short
RISEx MU/USDC	+0.0107%	1h	1,034.5	+0.070%	$295K	$350K	20x	as long as short
GRVT MU_USDT_Perp	+0.0115%	8h	1,033.5	−0.022%	$76K	$1.4M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,033.7	−0.004%	$1.4M	$2.5M	20x	as long as short
Nado MU-PERP	+0.0122%	1h	1,034.5	+0.070%	$270K	$840K	10x	as long as short
Lighter MU	+0.0136%	1h	1,034.6	+0.083%	$1.0M	$5.0M	20x	as long as short
Arcus MU-USD	+0.0139%	1h	1,034.5	+0.075%	$90K	$148K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,033.5	−0.022%	$732K	$1.2M	10x	as long as short
tradeXYZ xyz:MU	+0.0178%	1h	1,034.2	+0.045%	$175.4M	$75.8M	10x	as long as short
Bullet MU-USD	+0.0213%	1h	1,035.1	+0.132%	$25K	$386K	10x	as long as short
Extended MU_24_5-USDlong	+0.0264%	1h	1,033.7	long leg	$549K	$1.1M	10x
Phoenix MU	+0.0310%	1h	1,033.4	−0.032%	$529K	$269K	15x	as long as short