MU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0071%/8h= −7.8% APRnext payment −$0.09 per $10,000 · paid last 24h −0.002%

Price spread now: RISEx against Phoenix+0.087%50s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.310% of the position

Long on Phoenix Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.035%−$4 on $10k

Price spread, last 3 days (all we have)−0.034%−$3 · spread now +0.087%, 7d avg +0.002%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.085% dearer against Phoenix than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of +0.002%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 3 days (−0.035% in total) that is about 8.3 days. The two prices were read 50 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	1,048.9	0.0383	pay 0.0048% / 1h	50m 15s	$536K	$306K	15x
Short	RISEx MU/USDC	1,049.8	0.0312	get 0.0039% / 1h	50m 15s	$316K	$339K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$14.88
Price spread: +0.087% → +0.002%: $8.49
Slippage, 4 orders: −$17.97
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$37.37
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from Phoenix: live order book, 22 min ago; RISEx: live order book, 23 min ago.

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, 22 min ago	2.87 bp	10.8 bp −$11	22.7 bp −$227	doesn't fit	doesn't fit
Sell RISEx live order book, 23 min ago	1.72 bp	4.7 bp −$5	5.6 bp −$56	doesn't fit	doesn't fit

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	−0.0156%	4h	1,048.4	−0.051%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.1	+0.110%	$63.3M	$28.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,048.6	−0.033%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.7	+0.263%	$11K	$6.3M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.7	+0.079%	$62K	$293K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.7	+0.080%	$130K	$419K	50x	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,047.6	−0.128%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,050.1	+0.113%	$1.1M	$4.7M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.1	+0.118%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.173%	$14K	$251	12x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MU-USD-PERP	+0.0046%	1h	1,050.6	+0.158%	—	$195K	25x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.1	+0.020%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,049.7	+0.074%	$7.8M	$23.3M	10x	as long as short
Nado MU-PERP	+0.0059%	1h	1,049.6	+0.066%	$272K	$859K	10x	as long as short
OKX MU-USDT-SWAP	+0.0091%	8h	1,050.2	+0.121%	$31.0M	$101.6M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,049.3	+0.038%	$154K	$180K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.4	+0.044%	$5.3M	$3.7M	20x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.6	+0.067%	$834	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0104%	8h	1,049.6	+0.064%	$2K	—	5x	as long as short
Bybit MUUSDT	+0.0111%	8h	1,050.4	+0.139%	$19.3M	$32.5M	100x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,049.8	+0.088%	$32K	$1K	10x	as long as short
Variational Omni MU	+0.0177%	8h	1,049.9	+0.097%	$2.7M	$2.4M	—	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,049.6	+0.066%	$760K	$1.3M	10x	as long as short
Aster MUUSD1	+0.0185%	8h	1,049.4	+0.046%	$21.6M	$47.8M	20x	as long as short
Bitget MUUSDT	+0.0191%	8h	1,050.2	+0.126%	$20.6M	$41.4M	50x	as long as short
Binance MUUSDT	+0.0192%	8h	1,050.1	+0.111%	$125.8M	$524.2M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,048.4	−0.047%	$71K	$243K	10x	as long as short
SoDEX MU-USD	+0.0300%	1h	1,050.1	+0.112%	$689K	$16K	10x	as long as short
BloFin MU-USDT	+0.0311%	8h	1,049.6	+0.063%	$1.5M	$2.1M	20x	as long as short
RISEx MU/USDCshort	+0.0312%	1h	1,049.8	+0.087%	$316K	$339K	20x
Polymarket Perps MU-USD	+0.0363%	1h	1,050.1	+0.114%	$170K	$202K	10x	as long as short
Phoenix MUlong	+0.0383%	1h	1,048.9	long leg	$536K	$306K	15x
GRVT MU_USDT_Perp	+0.0533%	8h	1,048.8	−0.013%	$83K	$1.4M	10x	as long as short
Extended MU_24_5-USD	+0.0552%	1h	1,049.4	+0.051%	$548K	$1.1M	10x	as long as short
Bullet MU-USD	+0.0595%	1h	1,050.5	+0.153%	$26K	$394K	10x	as long as short
tradeXYZ xyz:MU	+0.0620%	1h	1,049.9	+0.095%	$178.5M	$101.1M	10x	as long as short
ApeX Omni MUUSDT	+0.0705%	1h	1,047.7	−0.111%	$71K	$267K	50x	as long as short