Funding you earn now, next payment 08:00 UTC+0.0151%/8h= +16.5% APRnext payment +$0.19 per $10,000 · paid last 24h +0.054%
Price spread now: Phoenix against Aevo+0.006%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo MU-PERP | 1,030.4 | 0.0080 | pay 0.0010% / 1h | 45m 09s | $32K | $1K | 10x |
| Short | Phoenix MU | 1,030.5 | 0.0231 | get 0.0029% / 1h | 45m 09s | $527K | $270K | 15x |
Aevo MU-PERP
Phoenix MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aevo. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $31.74
- Price spread: +0.006% → 0.000%
- $0.58
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $9.32
- Costs to cover
- 0.230%
- Break-even
- 4.9 days
Slippage unknown: Aevo: no order-book sample; Phoenix: live order book, 53 min ago. Net counts fees only.
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 Aevo no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 53 min ago | 2.89 bp | 10.8 bp −$11 | 23.4 bp −$234 | doesn't fit | doesn't fit |
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0134% | 4h | 1,031.6 | +0.110% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0088% | 8h | 1,031.1 | +0.067% | $19.8M | $40.0M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,031.4 | +0.096% | $21.1M | $68.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,031.7 | +0.122% | $121.5M | $542.6M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,031.9 | +0.139% | $18.7M | $32.1M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,031.3 | +0.087% | $29.6M | $100.8M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,031.1 | +0.060% | $310K | $380K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,031.1 | +0.067% | $61.9M | $27.8M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,030.2 | −0.020% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,031.9 | +0.138% | $72K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,030.1 | −0.034% | $186K | $3.6M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,032.2 | +0.173% | $11K | $5.4M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,030.9 | +0.043% | $119K | $492K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0024% | 1h | 1,030.9 | +0.046% | $3K | $43K | 10x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,030.8 | +0.036% | $6.9M | $18.7M | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,030.8 | +0.036% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,030.1 | −0.038% | $540K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +2.030% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,030.8 | +0.034% | $89K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,030.5 | +0.010% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,030.5 | +0.006% | $167K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,030.6 | +0.013% | $676K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,030.1 | −0.035% | $1.9M | $2.8M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0057% | 8h | 1,031.1 | +0.063% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0064% | 1h | 1,030.8 | +0.039% | $990K | $4.9M | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0074% | 1h | 1,031.2 | +0.074% | $174.5M | $80.4M | 10x | as long as short |
| Aevo MU-PERPlong | +0.0080% | 1h | 1,030.4 | long leg | $32K | $1K | 10x | |
| Nado MU-PERP | +0.0090% | 1h | 1,030.7 | +0.028% | $273K | $806K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,030.1 | −0.031% | $719K | $1.1M | 10x | as long as short |
| Bullet MU-USD | +0.0099% | 1h | 1,030.8 | +0.035% | $25K | $390K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,030.9 | +0.042% | $146K | $194K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,030.9 | +0.043% | $5.1M | $4.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,030 | −0.046% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,030.8 | +0.039% | $820 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,031.2 | +0.072% | $1.5M | $2.2M | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0129% | 1h | 1,030.7 | +0.028% | $73K | $625K | 10x | as long as short |
| Phoenix MUshort | +0.0231% | 1h | 1,030.5 | +0.006% | $527K | $270K | 15x |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Lighter MU
tradeXYZ xyz:MU
Nado MU-PERP
Coinbase International MU-PERP-INTX
Bullet MU-USD
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Deribit MU_USDC-PERPETUAL