MU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0379%/8h= −41.5% APRnext payment −$0.47 per $10,000 · paid last 24h −0.002%

Price spread now: Coinbase International against RISEx−0.104%7-day average −0.046% · 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−$33as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on RISEx Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.071%+$7 on $10k

Price spread, last 3 days (all we have)+0.055%+$5 · spread now −0.104%, 7d avg −0.046%

Together, before fees+0.126%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Coinbase International is 0.057% cheaper against RISEx than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.046%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.071%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.071% in total (about 7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MU/USDC	1,049.2	0.0507	pay 0.0063% / 1h	37m 08s	$333K	$348K	20x
Short	Coinbase International MU-PERP-INTX	1,048.1	0.0128	get 0.0016% / 1h	37m 08s	$759K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against RISEx. 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 RISExbpFee Coinbase InternationalbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$79.64
Price spread: −0.104% → −0.046%: −$5.74
Slippage, 4 orders: −$11.57
Fee RISEx: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$112.95
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from RISEx: live order book, 31 min ago; Coinbase International: live order book, 1 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 RISEx live order book, 31 min ago	1.71 bp	4.7 bp −$5	5.3 bp −$53	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	3.34 bp	8.8 bp −$9	9.8 bp −$98	65.9 bp −$6,586	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	−0.0949%	4h	1,048.4	−0.069%	$1.3M	$671K	10x	as long as short
Nado MU-PERP	−0.0007%	1h	1,049	−0.016%	$274K	$858K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,048.5	−0.064%	$62.1M	$27.6M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,048.7	−0.041%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,048.9	−0.028%	$26K	$395K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.1	+0.088%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.2	−0.095%	$66K	$328K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.5	−0.067%	$129K	$429K	50x	as long as short
Bybit MUUSDT	+0.0003%	8h	1,048.8	−0.031%	$19.2M	$32.6M	100x	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,048.9	−0.030%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,048.4	−0.071%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,048.4	−0.070%	$1.1M	$4.1M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,048.2	−0.091%	$559K	$1.2M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,048.9	−0.027%	$7.5M	$20.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,048.8	−0.036%	$71K	$237K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,049.8	+0.064%	—	$176K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.6	−0.054%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,048.5	−0.068%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.9	−0.124%	$1.9M	$2.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0051%	1h	1,048.7	−0.045%	$178.0M	$99.9M	10x	as long as short
Paradex MU-USD-PERP	+0.0068%	8h	1,049.3	+0.008%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0071%	8h	1,048.5	−0.062%	$30.8M	$100.6M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048.9	−0.024%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,048.7	−0.046%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,048.6	−0.051%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.8	−0.039%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.209%	$19K	$5K	12x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0128%	1h	1,048.1	−0.104%	$759K	$1.2M	10x
Aevo MU-PERP	+0.0136%	1h	1,048.4	−0.076%	$32K	$1K	10x	as long as short
GRVT MU_USDT_Perp	+0.0158%	8h	1,049	−0.019%	$81K	$1.3M	10x	as long as short
Aster MUUSD1	+0.0207%	8h	1,049	−0.011%	$21.6M	$50.1M	20x	as long as short
Variational Omni MU	+0.0219%	8h	1,049	−0.012%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0223%	8h	1,048.7	−0.041%	$126.8M	$524.7M	50x	as long as short
Bitget MUUSDT	+0.0285%	8h	1,048.7	−0.042%	$20.3M	$41.9M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,049.2	+0.003%	$537K	$273K	15x	as long as short
BloFin MU-USDT	+0.0368%	8h	1,049.8	+0.061%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDClong	+0.0507%	1h	1,049.2	long leg	$333K	$348K	20x