Funding you earn now, next payment 07:00 UTC−0.0186%/8h= −20.4% APRnext payment −$0.23 per $10,000 · paid last 24h −0.073%
Price spread now: Vest against Phoenix−0.028%7-day average +0.597% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.028%, 7d avg +0.597%
=Together, before fees−0.075%+ Points / potential airdropVest: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Vest is 0.624% cheaper against Phoenix than usual: you would sell low and buy high (−$62 if the spread goes back to its 7-day average of +0.597%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.048% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MU | 1,038.7 | 0.0232 | pay 0.0029% / 1h | 15m 20s | $531K | $270K | 15x |
| Short | Vest MU-USD-PERP | 1,038.4 | 0.0046 | get 0.0006% / 1h | 15m 20s | — | $175K | 25x |
Phoenix MU
Vest MU-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$39.03
- Price spread: −0.028% → +0.597%
- −$62.44
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$110.47
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 22 min ago; Vest: 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, 22 min ago | 2.89 bp | 10.8 bp −$11 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 | −0.0636% | 4h | 1,038.3 | −0.036% | $1.3M | $674K | 10x | as long as short |
| Bitget MUUSDT | −0.0167% | 8h | 1,038.5 | −0.016% | $20.2M | $40.0M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,038.5 | −0.019% | $21.2M | $66.5M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.3 | −0.037% | $122.3M | $538.3M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,038.4 | −0.033% | $18.8M | $32.3M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,038.1 | −0.054% | $29.8M | $100.2M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,038.4 | −0.029% | $313K | $384K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.2 | −0.050% | $61.5M | $28.4M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,038 | −0.068% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,038.3 | −0.038% | $71K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,038.4 | −0.029% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039.8 | +0.102% | $11K | $5.5M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,038 | −0.070% | $74K | $617K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,037.8 | −0.083% | $126K | $481K | 50x | as long as short |
| Bullet MU-USD | +0.0008% | 1h | 1,038.3 | −0.039% | $25K | $388K | 10x | as long as short |
| Nado MU-PERP | +0.0015% | 1h | 1,037.9 | −0.074% | $280K | $805K | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0018% | 1h | 1,038 | −0.068% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0021% | 1h | 1,038.2 | −0.046% | $7.0M | $18.7M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,038.3 | −0.035% | $1.0M | $4.9M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,038.2 | −0.046% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,037.8 | −0.086% | $545K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.219% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.7 | −0.093% | $90K | $245K | 10x | as long as short |
| Vest MU-USD-PERPshort | +0.0046% | 1h | 1,038.4 | −0.028% | — | $175K | 25x | |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,038.1 | −0.058% | $176.4M | $81.4M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.1 | −0.058% | $168K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,038 | −0.072% | $681K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.4 | −0.126% | $1.9M | $2.7M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0050% | 8h | 1,038.1 | −0.058% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.8 | −0.087% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,038.3 | −0.035% | $726K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.9 | −0.077% | $144K | $192K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038 | −0.069% | $5.2M | $4.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.5 | −0.024% | $70K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.2 | −0.045% | $825 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038.4 | −0.034% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MUlong | +0.0232% | 1h | 1,038.7 | long leg | $531K | $270K | 15x |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Bullet MU-USD
Nado MU-PERP
Aftermath Perps MUUSD
QFEX MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT