Funding you earn now, next payment 21:00 UTC−0.0204%/8h= −22.4% APRnext payment −$0.26 per $10,000 · paid last 24h −0.068%
Price spread now: Aftermath Perps against Phoenix−0.051%63s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$6 a day on $10k at the current rate, and Aftermath Perps is 0.051% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MU | 1,044.4 | 0.0230 | pay 0.0029% / 1h | 20m 20s | $534K | $303K | 15x |
| Short | Aftermath Perps MUUSD | 1,043.9 | 0.0026 | get 0.0003% / 1h | 20m 20s | $3K | $44K | 10x |
Phoenix MU
Aftermath Perps MUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aftermath Perps 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
- −$42.94
- Price spread: −0.051% → 0.000%
- −$5.11
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Net
- −$64.04
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 67 min ago; Aftermath Perps: 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, 67 min ago | 2.88 bp | 10.4 bp −$10 | 21.9 bp −$219 | doesn't fit | doesn't fit |
| Sell Aftermath Perps no order-book sample | — | — | — | — | — |
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 | −0.026% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,044.1 | −0.027% | $21.5M | $44.7M | 20x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,043.9 | −0.052% | $30.7M | $104.3M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,043.7 | −0.069% | $63.0M | $29.0M | 75x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,045.8 | +0.129% | $11K | $6.7M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,043.7 | −0.070% | $125K | $442K | 50x | as long as short |
| StandX MU-USD | +0.0003% | 1h | 1,042.7 | −0.166% | $188K | $3.3M | 20x | as long as short |
| Aftermath Perps MUUSDshort | +0.0026% | 1h | 1,043.9 | −0.051% | $3K | $44K | 10x | |
| Lighter RH MU | +0.0032% | 1h | 1,043.6 | −0.074% | $1.1M | $4.3M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.604% | $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 | 1,043.7 | −0.064% | — | $193K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,043.6 | −0.077% | $165K | $180K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,043.7 | −0.070% | $685K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,042.7 | −0.159% | $2.0M | $2.6M | 10x | as long as short |
| QFEX MU-USD | +0.0057% | 1h | 1,043.7 | −0.066% | $7.8M | $24.1M | 10x | as long as short |
| Bitget MUUSDT | +0.0071% | 8h | 1,043.7 | −0.068% | $20.4M | $42.9M | 50x | as long as short |
| Variational Omni MU | +0.0071% | 8h | 1,044 | −0.039% | $2.7M | $2.7M | — | as long as short |
| Binance MUUSDT | +0.0098% | 8h | 1,043.8 | −0.057% | $124.9M | $540.3M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,043.8 | −0.055% | $153K | $182K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,043.6 | −0.077% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,044.4 | −0.004% | $71K | $267K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,043.8 | −0.055% | $830 | $799 | 20x | as long as short |
| Aevo MU-PERP | +0.0104% | 1h | 1,043.6 | −0.078% | $33K | — | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0127% | 8h | 1,043.8 | −0.058% | $2K | — | 5x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,043.8 | −0.056% | $756K | $1.6M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0158% | 8h | 1,044.1 | −0.026% | $82K | $1.4M | 10x | as long as short |
| Bybit MUUSDT | +0.0178% | 8h | 1,044 | −0.035% | $19.1M | $32.4M | 100x | as long as short |
| Nado MU-PERP | +0.0201% | 1h | 1,042.9 | −0.142% | $307K | $845K | 10x | as long as short |
| RISEx MU/USDC | +0.0202% | 1h | 1,044.1 | −0.032% | $286K | $333K | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0209% | 1h | 1,043.7 | −0.067% | $176.5M | $107.1M | 10x | as long as short |
| BloFin MU-USDT | +0.0214% | 8h | 1,044 | −0.041% | $1.5M | $2.1M | 20x | as long as short |
| Lighter MU | +0.0224% | 1h | 1,043.6 | −0.073% | $1.0M | $4.8M | 20x | as long as short |
| Arcus MU-USD | +0.0226% | 1h | 1,043.7 | −0.065% | $63K | $230K | 10x | as long as short |
| Phoenix MUlong | +0.0230% | 1h | 1,044.4 | long leg | $534K | $303K | 15x | |
| Deribit MU_USDC-PERPETUAL | +0.0239% | 1h | 1,043.6 | −0.075% | $58K | $219K | 10x | as long as short |
| Bullet MU-USD | +0.0240% | 1h | 1,043.8 | −0.055% | $26K | $399K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0704% | 1h | 1,042.8 | −0.155% | $539K | $1.1M | 10x | as long as short |
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Bitget MUUSDT
Variational Omni MU
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
Deribit MU_USDC-PERPETUAL
Bullet MU-USD
Extended MU_24_5-USD