MU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.10 per $10,000 · paid last 24h +0.051%

Price spread now: Coinbase International against SoDEX+0.031%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on SoDEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.049%+$5 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.031%, 7d avg −0.018%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.050% dearer against SoDEX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MU-USD	1,050	0.0050	pay 0.0006% / 1h	13m 43s	$689K	$16K	10x
Short	Coinbase International MU-PERP-INTX	1,050.3	0.0128	get 0.0016% / 1h	13m 43s	$757K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SoDEX. 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 SoDEXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.031%Rate

Funding earned: $16.38
Price spread: +0.031% → −0.018%: $4.95
Slippage, 4 orders: −$21.71
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$18.38
Costs to cover: 0.397%
Break-even: 14.9 days

Slippage from SoDEX: live order book, 55 min ago; Coinbase International: live order book, 5 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 SoDEX live order book, 55 min ago	0.05 bp	11.6 bp −$12	39.4 bp −$394	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	3.10 bp	8.1 bp −$8	8.5 bp −$85	73.3 bp −$7,332	doesn't fit

MU on 36 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	−0.0876%	4h	1,049.5	−0.044%	$1.3M	$672K	10x	as long as short
Nado MU-PERP	−0.0004%	1h	1,049.7	−0.024%	$277K	$854K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.2	+0.025%	$19.2M	$32.6M	100x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.9	−0.007%	$62.1M	$27.7M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.6	−0.033%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050.2	+0.021%	$25K	$394K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.4	+0.137%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.8	−0.018%	$66K	$342K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.7	−0.020%	$129K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,049.7	−0.028%	$3K	$45K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,049.4	−0.050%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.5	−0.043%	$1.2M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.2	−0.067%	$567K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,049.8	−0.013%	$7.4M	$19.3M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.7	−0.024%	$71K	$236K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.8	+0.080%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049.5	−0.043%	$178.2M	$99.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.8	−0.014%	$170K	$202K	10x	as long as short
SoDEX MU-USDlong	+0.0050%	1h	1,050	long leg	$689K	$16K	10x
OKX MU-USDT-SWAP	+0.0050%	8h	1,049.5	−0.042%	$30.8M	$100.5M	50x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.3	−0.060%	$1.9M	$2.3M	10x	as long as short
GRVT MU_USDT_Perp	+0.0056%	8h	1,049.8	−0.013%	$81K	$1.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0061%	8h	1,049.7	−0.022%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,049.5	−0.045%	$148K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.8	−0.017%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.9	−0.009%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.1	+0.014%	$835	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.134%	$19K	$5K	12x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,049.7	−0.024%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0128%	1h	1,050.3	+0.031%	$757K	$1.2M	10x
Aster MUUSD1	+0.0145%	8h	1,049.9	−0.002%	$21.6M	$51.7M	20x	as long as short
Variational Omni MU	+0.0171%	8h	1,049.8	−0.014%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0186%	8h	1,049.8	−0.018%	$126.4M	$523.1M	50x	as long as short
Bitget MUUSDT	+0.0224%	8h	1,050	+0.003%	$20.6M	$41.9M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,050.2	+0.024%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,050.2	+0.028%	$334K	$349K	20x	as long as short