Funding you earn now, next payment 06:00 UTC+0.0231%/8h= +25.3% APRnext payment +$0.29 per $10,000 · paid last 24h +0.089%
Price spread now: Phoenix against StandX+0.021%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$450.448% of the position
Funding, last 7 days+0.439%+$44 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.021%, 7d avg +0.025%
=Together, before fees+0.443%+ Points / potential airdropStandX: Active · farm board+$44 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.025%, 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 | StandX MU-USD | 1,037.1 | 0 | get 0.0000% / 1h | 2m 57s | $187K | $3.5M | 20x |
| Short | Phoenix MU | 1,037.3 | 0.0231 | get 0.0029% / 1h | 2m 57s | $531K | $270K | 15x |
StandX MU-USD
Phoenix MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against StandX. 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
- $48.45
- Price spread: +0.021% → +0.025%
- −$0.38
- Slippage, 4 orders
- −$29.82
- Fee StandX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $3.25
- Costs to cover
- 0.448%
- Break-even
- 6.5 days
Slippage from StandX: live order book, 1 min ago; Phoenix: live order book, 40 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 StandX live order book, 1 min ago | 4.05 bp | 8.3 bp −$8 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 40 min ago | 3.86 bp | 13.1 bp −$13 | 29.1 bp −$291 | 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 | −0.0773% | 4h | 1,038 | +0.090% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0148% | 8h | 1,036.9 | −0.015% | $20.2M | $40.4M | 50x | as long as short |
| Nado MU-PERP | −0.0005% | 1h | 1,036.1 | −0.090% | $278K | $809K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,036.9 | −0.019% | $21.1M | $63.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,036.6 | −0.049% | $122.1M | $538.9M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,036.7 | −0.034% | $18.7M | $32.3M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,036.6 | −0.051% | $29.7M | $99.9M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,037.3 | +0.017% | $313K | $387K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,036.6 | −0.051% | $61.4M | $28.7M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,038.4 | +0.130% | $2.5M | $2.5M | — | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Nado MU-PERP
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MUShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,037.8 | +0.070% | $83K | $1.4M | 10x | as long as short |
| StandX MU-USDlong | 0.0000% | 1h | 1,037.1 | long leg | $187K | $3.5M | 20x | |
| Bullet MU-USD | 0.0000% | 1h | 1,036.8 | −0.027% | $24K | $390K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,038.8 | +0.166% | $11K | $5.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,036.5 | −0.060% | $127K | $442K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0014% | 1h | 1,037.6 | +0.055% | $3K | $44K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,036.6 | −0.049% | $1.0M | $5.0M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,036.4 | −0.063% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,036.1 | −0.094% | $554K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,037.3 | +0.019% | $7.0M | $18.8M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.377% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.5 | +0.036% | $90K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,037 | −0.008% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,036.4 | −0.066% | $176.2M | $85.6M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,036.6 | −0.046% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,036.7 | −0.033% | $680K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,036.8 | −0.023% | $1.8M | $2.7M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,037.5 | +0.040% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,036.3 | −0.072% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.4 | +0.027% | $147K | $189K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,036.3 | −0.078% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,037.6 | +0.051% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,036.5 | −0.057% | $824 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,038.8 | +0.164% | $734K | $1.2M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,036.9 | −0.020% | $1.5M | $2.1M | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0165% | 1h | 1,036.4 | −0.067% | $74K | $580K | 10x | as long as short |
| Phoenix MUshort | +0.0231% | 1h | 1,037.3 | +0.021% | $531K | $270K | 15x |
GRVT MU_USDT_Perp
Bullet MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Deribit MU_USDC-PERPETUAL