MU Funding Rate — Micron tokenized stock perpetuals across 16 venues
Tokenized stock (xStock) perpetual · compared across 16 venues · net of estimated fees · updated every few minutes
MU represents tokenized exposure to Micron shares (a Backed.fi xStock) traded as a perpetual. The perp, its funding and the underlying share are three different things — read the rate with liquidity and the backtest below.
Live annualized MU perpetual funding across all 16 venues Perpia tracks. Right now MU funding is positive on 9 and negative on 0, ranging from +44.1% on Risex to +0.0% on Ostium — a spread of 44.1%. The widest delta-neutral trade is long Variational / short Risex at 42.3% net APR.
MU funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
MU funding rate by venue
66 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Risex↗ | +44.1% | 1h |
| Nado↗ | +16.4% | 24h |
| Pacifica↗ | +10.9% | 1h |
| trade.xyz↗ | +9.9% | 1h |
| Hyperliquid↗ | +9.8% | 1h |
| Vest↗ | +5.0% | 1h |
| Arcus↗ | +4.2% | 1h |
| Lighter↗ | +3.5% | 8h |
| KuCoin↗ | +2.4% | 8h |
| Variational↗ | +0.0% | 8h |
| OKX↗ | +0.0% | 8h |
| Aster↗ | +0.0% | 8h |
| Gate.io↗ | +0.0% | 8h |
| Bybit↗ | +0.0% | 8h |
| Bitget↗ | +0.0% | 8h |
| Ostium↗ | +0.0% | 1h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Variational vs Risex page.
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MU funding — FAQ
Is MU funding positive right now?
MU perpetual funding is positive on 9 of 16 venues Perpia tracks. The highest is +44.1% on Risex; the lowest is +0.0% on Ostium.
What is the best MU funding arbitrage right now?
Go long Variational and short Risex for about 42.3% net APR after fees — the widest delta-neutral MU spread Perpia currently sees.
Which exchange has the highest MU funding rate?
Risex, at +44.1% annualized. Funding shifts continuously, so check the live table above before trading.
How MU funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Related tokenized stocks
See the full list on the tokenized stocks hub.