Funding you earn now, next payment 09:00 UTC−0.0230%/8h= −25.2% APRnext payment −$0.29 per $10,000 · paid last 24h −0.053%
Price spread now: Aevo against Phoenix−0.096%7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aevo is 0.096% cheaper against Phoenix than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MU | 1,033.6 | 0.0310 | pay 0.0039% / 1h | 19m 11s | $529K | $269K | 15x |
| Short | Aevo MU-PERP | 1,032.6 | 0.0080 | get 0.0010% / 1h | 19m 11s | $32K | $1K | 10x |
Phoenix MU
Aevo MU-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Phoenix. 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
- −$48.25
- Price spread: −0.096% → 0.000%
- −$9.62
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$80.86
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 31 min ago; Aevo: no order-book sample. 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 Phoenix live order book, 31 min ago | 3.87 bp | 13.2 bp −$13 | 29.1 bp −$291 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
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 exchanges
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 | −0.0261% | 4h | 1,033.3 | −0.030% | $1.3M | $695K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,033.9 | +0.033% | $21.1M | $72.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,033.3 | −0.033% | $120.5M | $550.0M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,033.3 | −0.034% | $29.4M | $106.4M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,033 | −0.059% | $61.5M | $28.0M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,033.2 | −0.037% | $19.7M | $42.8M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,033.1 | −0.047% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,033.3 | −0.027% | $187K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,034.7 | +0.103% | $11K | $5.1M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,032.3 | −0.129% | $45K | $694K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,033 | −0.062% | $119K | $486K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,033.1 | −0.053% | $1.1M | $4.5M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0032% | 1h | 1,033.2 | −0.040% | $3K | $42K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.718% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,033.6 | −0.004% | — | $177K | 25x | as long as short |
| Bybit MUUSDT | +0.0046% | 8h | 1,033.3 | −0.032% | $18.8M | $32.5M | 100x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,033 | −0.058% | $167K | $178K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,033.1 | −0.053% | $678K | $13K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,031.9 | −0.163% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0059% | 1h | 1,032.8 | −0.074% | $7.0M | $19.0M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0066% | 8h | 1,033 | −0.055% | $2K | — | 5x | as long as short |
| Aevo MU-PERPshort | +0.0080% | 1h | 1,032.6 | −0.096% | $32K | $1K | 10x | |
| Pacifica MU | +0.0100% | 1h | 1,032.8 | −0.082% | $146K | $223K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,033.1 | −0.052% | $5.2M | $5.6M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,033.6 | −0.005% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,033.2 | −0.038% | $821 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0107% | 1h | 1,033.5 | −0.015% | $295K | $350K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,033.3 | −0.025% | $1.4M | $2.4M | 20x | as long as short |
| Nado MU-PERP | +0.0124% | 1h | 1,032.6 | −0.095% | $269K | $840K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0130% | 8h | 1,033.4 | −0.018% | $76K | $1.4M | 10x | as long as short |
| Lighter MU | +0.0136% | 1h | 1,033.2 | −0.041% | $1.0M | $5.0M | 20x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,032.6 | −0.099% | $90K | $148K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,033.5 | −0.010% | $732K | $1.2M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0179% | 1h | 1,032.9 | −0.068% | $174.9M | $75.6M | 10x | as long as short |
| Bullet MU-USD | +0.0215% | 1h | 1,033.2 | −0.036% | $25K | $386K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0264% | 1h | 1,032.3 | −0.129% | $549K | $1.1M | 10x | as long as short |
| Phoenix MUlong | +0.0310% | 1h | 1,033.6 | long leg | $529K | $269K | 15x |
HTX MU-USDT
Lighter RH MU
Aftermath Perps MUUSD
Injective MU/USDC PERP
Vest MU-USD-PERP
Bybit MUUSDT
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
BloFin MU-USDT
Nado MU-PERP
GRVT MU_USDT_Perp
Lighter MU
Arcus MU-USD
Coinbase International MU-PERP-INTX
tradeXYZ xyz:MU
Bullet MU-USD
Extended MU_24_5-USD