MU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0338%/8h= +37.1% APRnext payment +$0.42 per $10,000 · paid last 24h +0.029%

Price spread now: Deribit against Injective−0.444%63s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.444% cheaper against Injective than usual: you would sell low and buy high (spread −0.444% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$44 on $10k: about 4.4 days of funding at the current rate (+$10 a day). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MU/USDC PERP	1,050.7	0.0033	pay 0.0004% / 1h	39m 33s	$14K	$302	12x
Short	Deribit MU_USDC-PERPETUAL	1,046.1	0.0372	get 0.0046% / 1h	39m 33s	$62K	$261K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. 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 InjectivebpFee DeribitbpOrdersPrice spread, now −0.444%Rate

Funding earned: $71.07
Price spread: −0.444% → 0.000%: −$44.35
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $19.7
Costs to cover: 0.070%
Break-even: 5.1 days

Slippage unknown: Injective: no order-book sample; Deribit: live order book, 39 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Deribit live order book, 39 min ago	0.05 bp	13.2 bp −$13	17.3 bp −$173	doesn't fit	doesn't fit

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	−0.0600%	4h	1,046	−0.445%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.9	−0.463%	$63.0M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.4	−0.503%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.5	−0.215%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.8	−0.469%	$124K	$445K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.8	−0.465%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERPlong	+0.0033%	1h	1,050.7	long leg	$14K	$302	12x
Aftermath Perps MUUSD	+0.0035%	1h	1,045.7	−0.478%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.2	−0.432%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.8	−0.467%	$166K	$197K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MU-USD	+0.0050%	1h	1,046.1	−0.444%	$687K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045.2	−0.526%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0080%	1h	1,046	−0.450%	$7.9M	$23.9M	10x	as long as short
OKX MU-USDT-SWAP	+0.0082%	8h	1,046	−0.453%	$30.8M	$105.3M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,046.1	−0.443%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.6	−0.489%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.6	−0.486%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046.1	−0.437%	$832	$799	20x	as long as short
Bitget MUUSDT	+0.0136%	8h	1,046	−0.448%	$20.5M	$43.6M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,046.1	−0.439%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0146%	8h	1,046.1	−0.434%	$2K	—	5x	as long as short
Lighter MU	+0.0152%	1h	1,045.8	−0.466%	$1.0M	$4.8M	20x	as long as short
Aster MUUSD1	+0.0174%	8h	1,046.6	−0.392%	$21.6M	$47.3M	20x	as long as short
Variational Omni MU	+0.0202%	8h	1,046.1	−0.441%	$2.6M	$2.5M	—	as long as short
Binance MUUSDT	+0.0213%	8h	1,046	−0.446%	$124.9M	$533.0M	50x	as long as short
Bullet MU-USD	+0.0217%	1h	1,046.1	−0.439%	$24K	$395K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.5	−0.494%	$757K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0235%	1h	1,045.4	−0.502%	$270K	$877K	10x	as long as short
GRVT MU_USDT_Perp	+0.0255%	8h	1,046.3	−0.417%	$82K	$1.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0284%	1h	1,045.9	−0.458%	$176.7M	$105.0M	10x	as long as short
Bybit MUUSDT	+0.0285%	8h	1,046.2	−0.425%	$19.2M	$32.6M	100x	as long as short
BloFin MU-USDT	+0.0333%	8h	1,046.1	−0.435%	$1.5M	$2.0M	20x	as long as short
Deribit MU_USDC-PERPETUALshort	+0.0372%	1h	1,046.1	−0.444%	$62K	$261K	10x
Phoenix MU	+0.0460%	1h	1,046.6	−0.391%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.8	−0.470%	$74K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.4	−0.410%	$317K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0672%	1h	1,045.2	−0.520%	$540K	$1.1M	10x	as long as short