Funding you earn now, next payment 04:00 UTC+0.0255%/8h= +27.9% APRpaid last 24h +0.066%
Price spread now: Phoenix against Paradex+0.175%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.175% dearer against Paradex than usual: you sell high and buy low: +$18 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 | Paradex MU-USD-PERP | 1,044.1 | 0.0050 | pay 0.0050% / 8h | 3h 22m | $2K | — | 5x |
| Short | Phoenix MU | 1,045.9 | 0.0305 | get 0.0038% / 1h | 22m 56s | $535K | $271K | 15x |
Paradex MU-USD-PERP
Phoenix MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Paradex. 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
- $53.49
- Price spread: +0.175% → 0.000%
- $17.51
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $59.99
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Paradex: no order-book sample; Phoenix: live order book, 30 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 30 min ago | 2.86 bp | 10.7 bp −$11 | 22.5 bp −$225 | doesn't fit | doesn't fit |
Paradex: 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 | −0.0396% | 4h | 1,046.6 | +0.240% | $1.3M | $671K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,044.8 | +0.066% | $21.2M | $56.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,043.9 | −0.016% | $124.2M | $522.2M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,044.1 | −0.001% | $18.7M | $31.8M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,043.7 | −0.036% | $30.9M | $99.4M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,044.2 | +0.010% | $337K | $353K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,043.6 | −0.042% | $61.9M | $27.8M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,043.9 | −0.016% | $20.5M | $41.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,045.4 | +0.131% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,045.6 | +0.148% | $79K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
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 | 1,044.8 | +0.067% | $189K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,044.4 | +0.034% | $11K | $5.8M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,043.6 | −0.041% | $73K | $475K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,044.1 | +0.007% | $130K | $432K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0023% | 1h | 1,045.1 | +0.103% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,043.9 | −0.019% | $7.0M | $17.9M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,043.9 | −0.015% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,043.8 | −0.028% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,043.1 | −0.096% | $548K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.698% | $19K | $5K | 12x | as long as short |
| Nado MU-PERP | +0.0039% | 1h | 1,043.7 | −0.040% | $281K | $828K | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,045 | +0.091% | $71K | $233K | 10x | as long as short |
| Bullet MU-USD | +0.0044% | 1h | 1,043.9 | −0.016% | $25K | $393K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,044.7 | +0.055% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,043.3 | −0.074% | $176.6M | $95.3M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,043.6 | −0.045% | $169K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,043.9 | −0.017% | $685K | $16K | 10x | as long as short |
| Paradex MU-USD-PERPlong | +0.0050% | 8h | 1,044.1 | long leg | $2K | — | 5x | |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,043.6 | −0.046% | $1.9M | $2.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,043.5 | −0.055% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,044 | −0.003% | $147K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,044.1 | −0.001% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,045.8 | +0.166% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,044.4 | +0.029% | $830 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,043.4 | −0.061% | $750K | $1.2M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,044.3 | +0.022% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MUshort | +0.0305% | 1h | 1,045.9 | +0.175% | $535K | $271K | 15x |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Nado MU-PERP
Arcus MU-USD
Bullet MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT