MU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0198%/8h= −21.7% APRnext payment −$0.25 per $10,000 · paid last 24h −0.079%

Price spread now: Injective against Phoenix+1.199%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.411%−$41 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 1.199% dearer against Phoenix than usual: you sell high and buy low (spread +1.199% now, against zero (this spread has no 7-day history yet)): +$120 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MU	1,038.9	0.0232	pay 0.0029% / 1h	38m 27s	$531K	$270K	15x
Short	Injective MU/USDC PERP	1,051.4	0.0033	get 0.0004% / 1h	38m 27s	$19K	$5K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Phoenix. 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 PhoenixbpFee InjectivebpOrdersPrice spread, now +1.199%Rate

Funding earned: −$41.62
Price spread: +1.199% → 0.000%: $119.93
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $71.29
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Phoenix: live order book, 64 min ago; Injective: 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, 64 min ago	3.86 bp	13.1 bp −$13	29.1 bp −$291	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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
edgeX MUUSDC	−0.0986%	4h	1,038.8	−0.008%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0184%	8h	1,038.1	−0.074%	$20.2M	$40.1M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.5	−0.034%	$21.2M	$65.4M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.1	−0.081%	$122.1M	$538.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037.9	−0.095%	$18.7M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,037.8	−0.103%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.2	−0.069%	$313K	$385K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.9	−0.095%	$61.5M	$28.3M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,038.9	+0.001%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,039	+0.007%	$71K	$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	−0.076%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.7	+0.077%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,037.8	−0.106%	$74K	$605K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037.7	−0.118%	$127K	$479K	50x	as long as short
Aftermath Perps MUUSD	+0.0016%	1h	1,038	−0.090%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,037.8	−0.104%	$7.0M	$18.8M	10x	as long as short
Nado MU-PERP	+0.0023%	1h	1,037.8	−0.108%	$279K	$808K	10x	as long as short
Bullet MU-USD	+0.0025%	1h	1,038.1	−0.078%	$25K	$390K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.1	−0.079%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.5	−0.134%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERPshort	+0.0033%	1h	1,051.4	+1.199%	$19K	$5K	12x
Arcus MU-USD	+0.0040%	1h	1,037.6	−0.129%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.1	−0.079%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,038.1	−0.073%	$1.0M	$4.9M	20x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.9	−0.096%	$176.4M	$82.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.7	−0.116%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,037.9	−0.101%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,038.3	−0.059%	$1.9M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,037.9	−0.094%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.6	−0.128%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,037.9	−0.096%	$725K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038	−0.084%	$147K	$188K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.8	−0.107%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	−0.039%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.8	−0.104%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038	−0.090%	$1.4M	$2.1M	20x	as long as short
Phoenix MUlong	+0.0232%	1h	1,038.9	long leg	$531K	$270K	15x