MU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0197%/8h= +21.6% APRnext payment +$0.25 per $10,000 · paid last 24h +0.084%

Price spread now: Phoenix against Injective−1.176%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.422%+$42 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 1.176% cheaper against Injective than usual: you would sell low and buy high (spread −1.176% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$118 on $10k: about 20 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MU/USDC PERP	1,051.4	0.0033	pay 0.0004% / 1h	12m 37s	$19K	$5K	12x
Short	Phoenix MU	1,039	0.0231	get 0.0029% / 1h	12m 37s	$531K	$270K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee PhoenixbpOrdersPrice spread, now −1.176%Rate

Funding earned: $41.45
Price spread: −1.176% → 0.000%: −$117.56
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$83.13
Costs to cover: 0.070%
Break-even: 21.0 days

Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 35 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 Injective no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 35 min ago	3.84 bp	12.2 bp −$12	26.7 bp −$267	doesn't fit	doesn't fit

Injective: 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
Bitget MUUSDT	−0.0159%	8h	1,039.9	−1.090%	$20.3M	$41.2M	50x	as long as short
edgeX MUUSDC	−0.0146%	4h	1,036.6	−1.400%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,039.1	−1.169%	$21.1M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,039.6	−1.116%	$122.0M	$534.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,039.8	−1.097%	$18.6M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,039.5	−1.124%	$30.0M	$101.3M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,039.6	−1.118%	$316K	$382K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,039.5	−1.131%	$61.6M	$28.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.4	−1.423%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.3	−1.334%	$84K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,038.1	−1.259%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.6	−1.027%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.8	−1.191%	$74K	$527K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.8	−1.199%	$127K	$449K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,037	−1.361%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,039.6	−1.120%	$7.0M	$18.2M	10x	as long as short
Nado MU-PERP	+0.0023%	1h	1,039.4	−1.135%	$277K	$817K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,039.6	−1.119%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,039.2	−1.152%	$538K	$1.1M	10x	as long as short
Injective MU/USDC PERPlong	+0.0033%	1h	1,051.4	long leg	$19K	$5K	12x
Bullet MU-USD	+0.0036%	1h	1,039.3	−1.145%	$25K	$389K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.8	−1.287%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,039.6	−1.117%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,039.5	−1.128%	$176.8M	$91.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,039.6	−1.119%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.8	−1.197%	$682K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.1	−1.361%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,039.7	−1.111%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.6	−1.211%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,039.3	−1.146%	$147K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,039	−1.175%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.1	−1.354%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.7	−1.209%	$826	$799	20x	as long as short
Lighter MU	+0.0104%	1h	1,039.8	−1.102%	$1.0M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,039	−1.178%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−1.464%	$731K	$1.3M	10x	as long as short
Phoenix MUshort	+0.0231%	1h	1,039	−1.176%	$531K	$270K	15x