Funding you earn now, next payment 07:00 UTC+0.0132%/8h= +14.4% APRnext payment +$0.16 per $10,000 · paid last 24h +0.056%
Price spread now: Phoenix against ApeX Omni+0.045%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$570.568% of the position
Funding, last 7 days+0.223%+$22 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.045%, 7d avg +0.011%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.035% dearer against ApeX Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MUUSDT | 1,037.3 | 0.0100 | pay 0.0013% / 1h | 19m 20s | $70K | $270K | 50x |
| Short | Phoenix MU | 1,037.8 | 0.0232 | get 0.0029% / 1h | 19m 20s | $531K | $270K | 15x |
ApeX Omni MUUSDT
Phoenix MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against ApeX Omni. 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
- $27.62
- Price spread: +0.045% → +0.011%
- $3.48
- Slippage, 4 orders
- −$39.8
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$25.7
- Costs to cover
- 0.568%
- Break-even
- 13.5 days
Slippage from ApeX Omni: live order book, 18 min ago; Phoenix: live order book, 18 min ago.
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 ApeX Omni live order book, 18 min ago | 6.31 bp | 18.4 bp −$18 | 182.2 bp −$1,822 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 18 min ago | 2.89 bp | 10.8 bp −$11 | 23.4 bp −$234 | doesn't fit | doesn't fit |
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 | −0.0298% | 4h | 1,036.5 | −0.082% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0182% | 8h | 1,038.6 | +0.122% | $20.2M | $40.1M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,038.4 | +0.099% | $21.2M | $66.3M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.3 | +0.094% | $122.3M | $538.4M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,038.5 | +0.114% | $18.8M | $32.3M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,038.4 | +0.103% | $29.8M | $100.2M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,038.2 | +0.088% | $313K | $384K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.3 | +0.093% | $61.6M | $28.4M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,037.5 | +0.021% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,038 | +0.064% | $71K | $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 | 1,037.9 | +0.056% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,040 | +0.256% | $11K | $5.5M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,038.1 | +0.077% | $74K | $616K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,037.8 | +0.042% | $126K | $480K | 50x | as long as short |
| Bullet MU-USD | +0.0010% | 1h | 1,038.5 | +0.111% | $26K | $389K | 10x | as long as short |
| Nado MU-PERP | +0.0016% | 1h | 1,038 | +0.068% | $280K | $805K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0018% | 1h | 1,037 | −0.032% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0021% | 1h | 1,038 | +0.067% | $7.0M | $18.8M | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,038.1 | +0.075% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,037.8 | +0.045% | $545K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.353% | $19K | $5K | 12x | as long as short |
| Lighter MU | +0.0040% | 1h | 1,038.3 | +0.096% | $1.0M | $4.9M | 20x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.3 | −0.008% | $90K | $245K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,038.2 | +0.079% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,038.2 | +0.084% | $176.4M | $81.4M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.2 | +0.084% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,038.3 | +0.096% | $681K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.4 | +0.008% | $1.8M | $2.7M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,038 | +0.064% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.9 | +0.057% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,036.7 | −0.062% | $725K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.7 | +0.033% | $144K | $192K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038.1 | +0.072% | $5.2M | $4.0M | 20x | as long as short |
| ApeX Omni MUUSDTlong | +0.0100% | 1h | 1,037.3 | long leg | $70K | $270K | 50x | |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.4 | +0.105% | $826 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038.3 | +0.095% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MUshort | +0.0232% | 1h | 1,037.8 | +0.045% | $531K | $270K | 15x |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Bullet MU-USD
Nado MU-PERP
Aftermath Perps MUUSD
QFEX MU-USD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Lighter MU
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT