Funding you earn now, next payment 21:00 UTC+0.0205%/8h= +22.4% APRnext payment +$0.26 per $10,000 · paid last 24h +0.068%
Price spread now: Phoenix against Aftermath Perps+0.051%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.051% dearer against Aftermath Perps than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps MUUSD | 1,043.9 | 0.0025 | pay 0.0003% / 1h | 21m 12s | $3K | $44K | 10x |
| Short | Phoenix MU | 1,044.4 | 0.0230 | get 0.0029% / 1h | 21m 12s | $534K | $303K | 15x |
Aftermath Perps MUUSD
Phoenix MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aftermath Perps. 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
- $43.04
- Price spread: +0.051% → 0.000%
- $5.11
- Slippage, 4 orders
- no order book: not counted
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $32.15
- Costs to cover
- 0.160%
- Break-even
- 1.8 days
Slippage unknown: Aftermath Perps: no order-book sample; Phoenix: live order book, 66 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 Aftermath Perps no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 66 min ago | 2.88 bp | 10.4 bp −$10 | 21.9 bp −$219 | doesn't fit | doesn't fit |
Aftermath Perps: 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 | −0.0106% | 4h | 1,044.1 | +0.025% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,044.3 | +0.037% | $21.5M | $44.4M | 20x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,043.9 | +0.005% | $30.7M | $104.3M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,043.9 | −0.001% | $63.0M | $29.0M | 75x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,045.9 | +0.198% | $11K | $6.7M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,043.7 | −0.015% | $125K | $443K | 50x | as long as short |
| StandX MU-USD | +0.0003% | 1h | 1,042.7 | −0.115% | $188K | $3.3M | 20x | as long as short |
| Aftermath Perps MUUSDlong | +0.0025% | 1h | 1,043.9 | long leg | $3K | $44K | 10x | |
| Lighter RH MU | +0.0032% | 1h | 1,043.6 | −0.026% | $1.1M | $4.3M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.656% | $14K | $302 | 12x | as long as short |
edgeX MUUSDC
Aster MUUSD1
OKX MU-USDT-SWAP
Gate MU_USDT
SunX MU-USDT
HTX MU-USDT
StandX MU-USD
Lighter RH MU
Injective MU/USDC PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MU-USD-PERP | +0.0046% | 1h | 1,043.5 | −0.036% | — | $193K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,043.6 | −0.026% | $165K | $180K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,043.8 | −0.003% | $685K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,042.7 | −0.108% | $2.0M | $2.6M | 10x | as long as short |
| Variational Omni MU | +0.0053% | 8h | 1,044.3 | +0.039% | $2.7M | $2.7M | — | as long as short |
| QFEX MU-USD | +0.0057% | 1h | 1,043.8 | −0.010% | $7.8M | $24.1M | 10x | as long as short |
| Bitget MUUSDT | +0.0070% | 8h | 1,043.9 | +0.003% | $20.5M | $42.9M | 50x | as long as short |
| Binance MUUSDT | +0.0094% | 8h | 1,044 | +0.008% | $124.9M | $540.3M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,044 | +0.013% | $153K | $182K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,043.7 | −0.021% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,044.4 | +0.047% | $71K | $267K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,043.9 | −0.001% | $830 | $799 | 20x | as long as short |
| Aevo MU-PERP | +0.0104% | 1h | 1,043.7 | −0.016% | $33K | — | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0126% | 8h | 1,043.9 | 0.000% | $2K | — | 5x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,043.8 | −0.004% | $756K | $1.6M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0158% | 8h | 1,044.1 | +0.025% | $82K | $1.4M | 10x | as long as short |
| Bybit MUUSDT | +0.0177% | 8h | 1,044.1 | +0.024% | $19.1M | $32.5M | 100x | as long as short |
| Nado MU-PERP | +0.0201% | 1h | 1,042.9 | −0.097% | $307K | $845K | 10x | as long as short |
| RISEx MU/USDC | +0.0202% | 1h | 1,044.2 | +0.029% | $286K | $332K | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0208% | 1h | 1,043.8 | −0.006% | $176.5M | $107.1M | 10x | as long as short |
| BloFin MU-USDT | +0.0214% | 8h | 1,044 | +0.010% | $1.5M | $2.1M | 20x | as long as short |
| Lighter MU | +0.0224% | 1h | 1,043.8 | −0.003% | $1.0M | $4.8M | 20x | as long as short |
| Arcus MU-USD | +0.0226% | 1h | 1,043.9 | −0.002% | $63K | $236K | 10x | as long as short |
| Phoenix MUshort | +0.0230% | 1h | 1,044.4 | +0.051% | $534K | $303K | 15x | |
| Bullet MU-USD | +0.0239% | 1h | 1,044 | +0.013% | $25K | $399K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0431% | 1h | 1,043.8 | −0.004% | $58K | $219K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0704% | 1h | 1,042.7 | −0.108% | $539K | $1.1M | 10x | as long as short |
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Variational Omni MU
QFEX MU-USD
Bitget MUUSDT
Binance MUUSDT
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aevo MU-PERP
Paradex MU-USD-PERP
Coinbase International MU-PERP-INTX
GRVT MU_USDT_Perp
Bybit MUUSDT
Nado MU-PERP
RISEx MU/USDC
tradeXYZ xyz:MU
BloFin MU-USDT
Lighter MU
Arcus MU-USD
Bullet MU-USD
Deribit MU_USDC-PERPETUAL
Extended MU_24_5-USD