Funding you earn now, next payment 21:00 UTC−0.0230%/8h= −25.2% APRnext payment −$0.29 per $10,000 · paid last 24h −0.061%
Price spread now: StandX against Phoenix−0.035%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$370.370% of the position
Funding, last 7 days−0.447%−$45 on $10k
+Price spread, last 3 days (all we have)+0.025%+$3 · spread now −0.035%, 7d avg −0.019%
=Together, before fees−0.422%+ Points / potential airdropStandX: Active · farm board−$42 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MU | 1,043 | 0.0230 | pay 0.0029% / 1h | 1m 22s | $533K | $303K | 15x |
| Short | StandX MU-USD | 1,042.6 | 0 | get 0.0000% / 1h | 1m 22s | $188K | $3.3M | 20x |
Phoenix MU
StandX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- −$48.33
- Price spread: −0.035% → −0.019%
- −$1.6
- Slippage, 4 orders
- −$22.04
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$86.97
- Costs to cover
- 0.370%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 21 min ago; StandX: live order book, 3 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, 21 min ago | 2.87 bp | 10.4 bp −$10 | 21.9 bp −$219 | doesn't fit | doesn't fit |
| Sell StandX live order book, 3 min ago | 2.54 bp | 8.0 bp −$8 | 14.1 bp −$141 | 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 | −0.0768% | 4h | 1,042.8 | −0.023% | $1.3M | $673K | 10x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,042.7 | −0.029% | $30.7M | $104.3M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,042.7 | −0.029% | $62.9M | $29.2M | 75x | as long as short |
| StandX MU-USDshort | 0.0000% | 1h | 1,042.6 | −0.035% | $188K | $3.3M | 20x | |
| SunX MU-USDT | 0.0000% | 8h | 1,044.6 | +0.155% | $11K | $6.7M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,042.4 | −0.057% | $60K | $236K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,042.4 | −0.055% | $125K | $442K | 50x | as long as short |
| Aster MUUSD1 | +0.0007% | 8h | 1,043.2 | +0.023% | $21.5M | $46.6M | 20x | as long as short |
| Aftermath Perps MUUSD | +0.0029% | 1h | 1,042.5 | −0.046% | $3K | $44K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,042.8 | −0.024% | $1.1M | $4.3M | 10x | as long as short |
edgeX MUUSDC
OKX MU-USDT-SWAP
Gate MU_USDT
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aster MUUSD1
Aftermath Perps MUUSD
Lighter RH MUShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.739% | $14K | $302 | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,042.8 | −0.023% | — | $193K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,042.4 | −0.058% | $165K | $180K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,042.7 | −0.027% | $684K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,041.7 | −0.124% | $2.0M | $2.6M | 10x | as long as short |
| QFEX MU-USD | +0.0057% | 1h | 1,042.9 | −0.007% | $7.8M | $24.1M | 10x | as long as short |
| Bitget MUUSDT | +0.0072% | 8h | 1,042.7 | −0.034% | $20.4M | $42.9M | 50x | as long as short |
| Variational Omni MU | +0.0087% | 8h | 1,042.7 | −0.029% | $2.7M | $2.7M | — | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,042.8 | −0.018% | $154K | $182K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,042.5 | −0.049% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,042.8 | −0.020% | $71K | $267K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,042.8 | −0.015% | $829 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0109% | 8h | 1,042.8 | −0.022% | $2K | — | 5x | as long as short |
| Binance MUUSDT | +0.0111% | 8h | 1,042.9 | −0.010% | $124.7M | $540.4M | 50x | as long as short |
| Aevo MU-PERP | +0.0112% | 1h | 1,042.5 | −0.048% | $33K | — | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,043.8 | +0.079% | $756K | $1.4M | 10x | as long as short |
| Lighter MU | +0.0168% | 1h | 1,042.8 | −0.022% | $998K | $4.8M | 20x | as long as short |
| GRVT MU_USDT_Perp | +0.0178% | 8h | 1,042.9 | −0.011% | $82K | $1.4M | 10x | as long as short |
| Nado MU-PERP | +0.0185% | 1h | 1,042.1 | −0.088% | $307K | $845K | 10x | as long as short |
| Bybit MUUSDT | +0.0189% | 8h | 1,042.9 | −0.014% | $19.1M | $32.5M | 100x | as long as short |
| RISEx MU/USDC | +0.0202% | 1h | 1,043 | +0.004% | $285K | $333K | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0204% | 1h | 1,042.5 | −0.048% | $176.2M | $107.3M | 10x | as long as short |
| Bullet MU-USD | +0.0219% | 1h | 1,042.7 | −0.029% | $25K | $400K | 10x | as long as short |
| Arcus MU-USD | +0.0226% | 1h | 1,042.6 | −0.035% | $63K | $230K | 10x | as long as short |
| Phoenix MUlong | +0.0230% | 1h | 1,043 | long leg | $533K | $303K | 15x | |
| BloFin MU-USDT | +0.0231% | 8h | 1,042.8 | −0.017% | $1.5M | $2.1M | 20x | as long as short |
| Extended MU_24_5-USD | +0.0632% | 1h | 1,042.2 | −0.081% | $540K | $1.1M | 10x | as long as short |
Injective MU/USDC PERP
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Bitget MUUSDT
Variational Omni MU
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
Binance MUUSDT
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Lighter MU
GRVT MU_USDT_Perp
Nado MU-PERP
Bybit MUUSDT
RISEx MU/USDC
tradeXYZ xyz:MU
Bullet MU-USD
Arcus MU-USD
BloFin MU-USDT
Extended MU_24_5-USD