MU Funding Rate — Micron perpetuals across 15 venues
Equity-linked perpetual · net of fees · updated continuously
MU (Micron) is a tokenized real-world asset traded as a perpetual future. Perpia compares its annualized funding across venues and shows whether the current spread is persistent or just a short-lived spike — the perp, its funding and the underlying asset are three different things, so read the rate together with liquidity and how long it has held.
Live annualized MU perpetual funding across all 15 venues Perpia tracks. Right now MU funding is positive on 5 and negative on 8, ranging from +5.5% on Hyperliquid to -92.3% on KuCoin — a spread of 97.8%. The widest delta-neutral trade is long KuCoin / short Hyperliquid at 94.7% net APR.
MU funding rate by venue
74 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Hyperliquid | +5.5% | 1h |
| trade.xyz | +5.5% | 1h |
| Sodex | +5.5% | 1h |
| Vest | +5.0% | 1h |
| Lighter | +3.5% | 8h |
| Bitget | +0.0% | 8h |
| Ostium | +0.0% | 1h |
| Nado | -12.9% | 24h |
| Paradex | -16.2% | 8h |
| OKX | -21.3% | 8h |
| Bybit | -25.9% | 8h |
| Variational | -28.3% | 8h |
| Aster | -31.0% | 8h |
| Gate.io | -37.9% | 8h |
| KuCoin | -92.3% | 8h |
Rates annualized; updated ~every few minutes from live venue data.
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MU funding — FAQ
Is MU funding positive right now?
MU perpetual funding is positive on 5 of 15 venues Perpia tracks and negative on 8. The highest is +5.5% on Hyperliquid; the lowest is -92.3% on KuCoin.
What is the best MU funding arbitrage right now?
Go long KuCoin and short Hyperliquid for about 94.7% net APR after fees — the widest delta-neutral MU spread Perpia currently sees.
Which exchange has the highest MU funding rate?
Hyperliquid, at +5.5% annualized. Funding shifts continuously, so check the live table above before trading.
How MU funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.
Related tokenized stocks
See the full list on the tokenized stocks hub.