Micron Technology (Backpack Securities) Funding Rate (MU)

Compare Micron Technology (Backpack Securities) perpetual funding rates across exchanges in real time · OI-weighted composite rate · updated every minute

Micron Technology (Backpack Securities) current price: $939.29

Rate MatrixHeatmapCumulative Fees

MU Funding Rate by Exchange

Next settlement --:--:--
#ExchangeFunding RateAPRSettlement IntervalNext SettlementOpen Interest
1Gatehighest+0.0100%+10.95%8h16:00 UTC$56.2M
2WhiteBIT+0.0100%+10.95%8h16:00 UTC$29.9M
3Bitget+0.0000%+0.00%8h$18.7M
4Bybit+0.0000%+0.00%8h16:00 UTC$16.0M
5KuCoin+0.0100%+10.95%8h16:00 UTC$10.1M
6Lighter+0.0032%+28.03%1h$0.9M
7Aster+0.0000%+0.00%8h16:00 UTC$0.6M
8Coinbase+0.0011%+9.64%1h$0.5M
9Crypto.com-0.0005%$0.2M
10Paradex+0.0055%+6.05%8h$0.0M
11Binance+0.0000%+0.00%8h16:00 UTC
12HTX+0.0000%+0.00%8h16:00 UTC
13Bitunix-0.0030%-3.32%8h16:00 UTC
APR = period rate × (24 / settlement interval) × 365. Shown as — when the exchange's settlement interval is unknown.
Simple Average
+0.0028%
OI-Weighted Rate
+0.0073%
Volume-Weighted Rate
+0.0007%

MU Funding Rate History

MU Cumulative Funding Cost

Cumulative settled funding rate by exchange over each window — positive means longs paid shorts (cost of holding a long), negative means shorts paid longs.

Exchange1D7D30D90D
Gate+0.0300%+0.0678%+0.5405%+3.2309%
Bitget+0.0143%+0.0720%+0.3497%+3.8006%
Bybit+0.0000%+0.0214%-0.2508%+4.2785%
OKX+0.0062%+0.0337%+0.2146%+4.2457%
Binance+0.0000%+0.0130%+0.1876%+3.2660%
HTX+0.0000%+0.0000%+0.0243%+1.2043%

About Micron Technology (Backpack Securities) Funding Rate

What is the MU funding rate?

The MU funding rate is a periodic payment between long and short traders on Micron Technology (Backpack Securities) perpetual futures, designed to keep the contract price anchored to the spot index. When the rate is positive, longs pay shorts; when negative, shorts pay longs. It is the main ongoing cost (or income) of holding a leveraged MU perpetual position.

What does a positive or negative MU funding rate mean?

A persistently positive MU funding rate signals crowded long positioning and bullish sentiment — longs keep paying to stay in the trade. A negative rate signals short-side dominance and bearish sentiment. Extreme funding rates in either direction often indicate an overcrowded trade and raise the risk of a sharp reversal or short squeeze/long squeeze.

What is the current MU funding rate?

As of now, the MU funding rate averages 0.0028% across 13 exchanges CoinBoss tracks, and the rate is positive. This figure updates in real time — check the table above for the latest per-exchange breakdown and the OI-weighted composite rate.

Which exchange has the highest MU funding rate?

Right now gate shows the highest (or most extreme) MU funding rate among tracked exchanges, at 0.0100%. Funding rates can vary meaningfully across exchanges due to differences in order-book premium, index price and leverage demand — creating potential funding rate arbitrage opportunities.
Most exchanges settle funding every 8 hours (00:00 / 08:00 / 16:00 UTC). Actual settlement intervals may vary by exchange and contract.