MU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0237%/8h= +26.0% APRnext payment +$2.37 per $10,000 · paid last 24h +0.037%

Price spread now: BloFin against OKX+0.003%53s7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs+$4as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.230% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.268%+$27 on $10k

Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.003%, 7d avg +0.014%

Together, before fees+0.232%+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 53 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	OKX MU-USDT-SWAP	1,045.4	0.0069	pay 0.0069% / 8h	12m 22s	$30.8M	$104.4M	50x
Short	BloFin MU-USDT	1,045.4	0.0306	get 0.0306% / 8h	12m 22s	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now +0.003%Rate

Funding earned: $49.83
Price spread: +0.003% → +0.014%: −$1.1
Slippage, 4 orders: −$1.04
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $25.7
Costs to cover: 0.230%
Break-even: 3.4 days

Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 6 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 OKX live order book, 2 min ago	0.05 bp	5.4 bp −$5	6.5 bp −$65	16.9 bp −$1,693	doesn't fit
Sell BloFin live order book, 6 min ago	0.05 bp	6.1 bp −$6	7.2 bp −$72	11.5 bp −$1,150	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	−0.0712%	4h	1,045.6	+0.024%	$1.3M	$674K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.3	−0.005%	$63.0M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,044.9	−0.052%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.9	+0.144%	$11K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,044.9	−0.045%	$129K	$456K	50x	as long as short
Aftermath Perps MUUSD	+0.0027%	1h	1,045.2	−0.014%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.2	−0.016%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.509%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.6	+0.017%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045	−0.037%	$169K	$191K	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	1,045.2	−0.023%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.5	−0.084%	$2.0M	$2.7M	10x	as long as short
Lighter MU	+0.0064%	1h	1,045.3	−0.013%	$1.1M	$5.0M	20x	as long as short
OKX MU-USDT-SWAPlong	+0.0069%	8h	1,045.4	long leg	$30.8M	$104.4M	50x
QFEX MU-USD	+0.0080%	1h	1,045.3	−0.005%	$7.9M	$23.9M	10x	as long as short
Bullet MU-USD	+0.0098%	1h	1,045.5	+0.007%	$25K	$394K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.4	+0.004%	$153K	$183K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.2	−0.019%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.4	+0.001%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.3	−0.005%	$831	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0102%	8h	1,045.4	+0.005%	$2K	—	5x	as long as short
Bitget MUUSDT	+0.0113%	8h	1,045.6	+0.021%	$20.4M	$43.5M	50x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,044.9	−0.044%	$33K	—	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0142%	1h	1,045.2	−0.022%	$62K	$284K	10x	as long as short
Nado MU-PERP	+0.0149%	1h	1,044.9	−0.047%	$272K	$875K	10x	as long as short
Aster MUUSD1	+0.0161%	8h	1,045.6	+0.024%	$21.5M	$47.3M	20x	as long as short
Variational Omni MU	+0.0178%	8h	1,045.8	+0.036%	$2.7M	$2.5M	—	as long as short
tradeXYZ xyz:MU	+0.0178%	1h	1,045.3	−0.009%	$177.1M	$104.9M	10x	as long as short
Binance MUUSDT	+0.0183%	8h	1,045.5	+0.011%	$124.3M	$530.9M	50x	as long as short
GRVT MU_USDT_Perp	+0.0218%	8h	1,045.9	+0.047%	$82K	$1.4M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,044.9	−0.045%	$757K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0258%	8h	1,045.6	+0.016%	$19.2M	$32.4M	100x	as long as short
Extended MU_24_5-USD	+0.0304%	1h	1,044.7	−0.063%	$546K	$1.1M	10x	as long as short
BloFin MU-USDTshort	+0.0306%	8h	1,045.4	+0.003%	$1.5M	$2.0M	20x
Phoenix MU	+0.0460%	1h	1,046	+0.058%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.3	−0.008%	$70K	$244K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,045.8	+0.038%	$316K	$339K	20x	as long as short