MU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0181%/8h= +19.8% APRnext payment +$0.23 per $10,000 · paid last 24h +0.068%

Price spread now: Phoenix against Polymarket Perps−0.019%7-day average +0.057% · you buy dearer than you sell

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

Long on Polymarket Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.303%+$30 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.019%, 7d avg +0.057%

Together, before fees+0.367%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.076% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.057%). If the spread goes back, that is −$8 on $10k: about 34 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,032.9	0.0050	pay 0.0006% / 1h	0m 46s	$167K	$177K	10x
Short	Phoenix MU	1,032.7	0.0231	get 0.0029% / 1h	0m 46s	$529K	$270K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Polymarket Perps. 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 Polymarket PerpsbpFee PhoenixbpOrdersPrice spread, now −0.019%Rate

Funding earned: $38.04
Price spread: −0.019% → +0.057%: −$7.59
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $15.44
Costs to cover: 0.150%
Break-even: 4.2 days

Slippage unknown: Polymarket Perps: live order book, 33 min ago; Phoenix: live order book, 32 min ago. 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 Polymarket Perps live order book, 33 min ago	736.59 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 32 min ago	3.90 bp	13.2 bp −$13	29.4 bp −$294	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	−0.0053%	4h	1,033.2	+0.027%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,032.9	−0.001%	$21.1M	$69.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,032.5	−0.044%	$121.5M	$550.9M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,032.4	−0.049%	$29.1M	$104.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,032.8	−0.013%	$294K	$375K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,032.2	−0.066%	$61.6M	$28.8M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,032.3	−0.056%	$19.4M	$41.8M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,032.4	−0.049%	$2.5M	$2.7M	—	as long as short
StandX MU-USD	0.0000%	1h	1,032.1	−0.081%	$187K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,034.4	+0.142%	$11K	$5.3M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,032.9	+0.003%	$119K	$493K	50x	as long as short
QFEX MU-USD	+0.0027%	1h	1,033.2	+0.030%	$7.0M	$19.0M	10x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,032.1	−0.075%	$3K	$43K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,032.3	−0.056%	$1.1M	$4.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.787%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,032.9	−0.001%	$90K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,033.4	+0.046%	—	$179K	25x	as long as short
Polymarket Perps MU-USDlong	+0.0050%	1h	1,032.9	long leg	$167K	$177K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,032.1	−0.082%	$1.9M	$3.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,032.7	−0.021%	$32K	$1K	10x	as long as short
Paradex MU-USD-PERP	+0.0088%	8h	1,033	+0.011%	$2K	—	5x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,030.9	−0.191%	$720K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,033.2	+0.032%	$146K	$214K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,032.2	−0.070%	$5.1M	$5.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,033.2	+0.025%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,033.1	+0.015%	$821	$799	20x	as long as short
Nado MU-PERP	+0.0116%	1h	1,032.2	−0.068%	$264K	$811K	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,033	+0.014%	$1.4M	$2.3M	20x	as long as short
SoDEX MU-USD	+0.0124%	1h	1,032.8	−0.006%	$678K	$14K	10x	as long as short
Bybit MUUSDT	+0.0126%	8h	1,032.5	−0.042%	$18.6M	$32.5M	100x	as long as short
tradeXYZ xyz:MU	+0.0130%	1h	1,032.2	−0.068%	$174.7M	$78.3M	10x	as long as short
Lighter MU	+0.0144%	1h	1,032.6	−0.034%	$997K	$5.1M	20x	as long as short
Bullet MU-USD	+0.0182%	1h	1,033.2	+0.029%	$26K	$388K	10x	as long as short
Extended MU_24_5-USD	+0.0224%	1h	1,031.7	−0.111%	$542K	$1.1M	10x	as long as short
Phoenix MUshort	+0.0231%	1h	1,032.7	−0.019%	$529K	$270K	15x
GRVT MU_USDT_Perp	+0.0373%	8h	1,033.3	+0.040%	$81K	$1.4M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0389%	1h	1,032.8	−0.009%	$72K	$636K	10x	as long as short