Funding you earn now, next payment 23:00 UTC+0.0205%/8h= +22.5% APRnext payment +$0.26 per $10,000 · paid last 24h +0.021%
Price spread now: Phoenix against tradeXYZ+0.077%101s7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$460.463% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 3 days (all we have)−0.043%−$4 · spread now +0.077%, 7d avg +0.058%
=Together, before fees+0.167%+ Points / potential airdroptradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 101 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 | tradeXYZ xyz:MU | 1,045.1 | 0.0254 | pay 0.0032% / 1h | 35m 49s | $176.6M | $105.0M | 10x |
| Short | Phoenix MU | 1,045.9 | 0.0460 | get 0.0057% / 1h | 35m 49s | $535K | $306K | 15x |
tradeXYZ xyz:MU
Phoenix MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against tradeXYZ. 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
- $43.13
- Price spread: +0.077% → +0.058%
- $1.81
- Slippage, 4 orders
- −$21.27
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$1.34
- Costs to cover
- 0.463%
- Break-even
- 7.2 days
Slippage from tradeXYZ: live order book, 4 min ago; Phoenix: live order book, 42 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 tradeXYZ live order book, 4 min ago | 0.48 bp | 9.9 bp −$10 | 11.3 bp −$113 | 16.9 bp −$1,692 | doesn't fit |
| Sell Phoenix live order book, 42 min ago | 3.83 bp | 13.1 bp −$13 | 28.1 bp −$281 | 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 | −0.0674% | 4h | 1,046 | +0.083% | $1.3M | $672K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,045.1 | +0.002% | $63.0M | $29.0M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,045.4 | +0.032% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,047.3 | +0.207% | $11K | $6.5M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,045.4 | +0.025% | $124K | $454K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,045.2 | +0.011% | $1.2M | $4.2M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.537% | $14K | $302 | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0034% | 1h | 1,045.5 | +0.041% | $3K | $45K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,045.8 | +0.069% | — | $194K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,045.1 | 0.000% | $166K | $197K | 10x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
Vest MU-USD-PERP
Polymarket Perps MU-USDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MU-USD | +0.0050% | 1h | 1,045.4 | +0.033% | $686K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,044.9 | −0.019% | $2.0M | $2.7M | 10x | as long as short |
| QFEX MU-USD | +0.0080% | 1h | 1,045.6 | +0.052% | $7.8M | $23.9M | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0081% | 8h | 1,045.2 | +0.010% | $30.8M | $105.2M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,045.4 | +0.026% | $153K | $182K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,045.1 | +0.002% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,046.3 | +0.115% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,045.5 | +0.035% | $831 | $799 | 20x | as long as short |
| Lighter MU | +0.0120% | 1h | 1,045.2 | +0.011% | $1.0M | $4.8M | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0123% | 1h | 1,045.3 | +0.023% | $62K | $265K | 10x | as long as short |
| Bitget MUUSDT | +0.0133% | 8h | 1,045.1 | 0.000% | $20.5M | $43.6M | 50x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,045.3 | +0.023% | $33K | — | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0139% | 8h | 1,045.6 | +0.049% | $2K | — | 5x | as long as short |
| Aster MUUSD1 | +0.0173% | 8h | 1,045.7 | +0.061% | $21.5M | $47.3M | 20x | as long as short |
| Bullet MU-USD | +0.0179% | 1h | 1,045.5 | +0.034% | $25K | $394K | 10x | as long as short |
| Variational Omni MU | +0.0200% | 8h | 1,045.6 | +0.051% | $2.7M | $2.5M | — | as long as short |
| Binance MUUSDT | +0.0210% | 8h | 1,045.2 | +0.007% | $124.6M | $533.3M | 50x | as long as short |
| Nado MU-PERP | +0.0217% | 1h | 1,045 | −0.006% | $270K | $876K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0224% | 1h | 1,045.5 | +0.035% | $757K | $1.3M | 10x | as long as short |
| tradeXYZ xyz:MUlong | +0.0254% | 1h | 1,045.1 | long leg | $176.6M | $105.0M | 10x | |
| GRVT MU_USDT_Perp | +0.0255% | 8h | 1,046.3 | +0.118% | $82K | $1.4M | 10x | as long as short |
| Bybit MUUSDT | +0.0281% | 8h | 1,045.4 | +0.029% | $19.2M | $32.6M | 100x | as long as short |
| BloFin MU-USDT | +0.0332% | 8h | 1,045.7 | +0.061% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MUshort | +0.0460% | 1h | 1,045.9 | +0.077% | $535K | $306K | 15x | |
| Arcus MU-USD | +0.0462% | 1h | 1,045.3 | +0.023% | $74K | $240K | 10x | as long as short |
| RISEx MU/USDC | +0.0525% | 1h | 1,046 | +0.089% | $316K | $339K | 20x | as long as short |
| Extended MU_24_5-USD | +0.0616% | 1h | 1,044.7 | −0.041% | $542K | $1.1M | 10x | as long as short |
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Lighter MU
Deribit MU_USDC-PERPETUAL
Bitget MUUSDT
Aevo MU-PERP
Paradex MU-USD-PERP
Aster MUUSD1
Bullet MU-USD
Variational Omni MU
Binance MUUSDT
Nado MU-PERP
Coinbase International MU-PERP-INTX
GRVT MU_USDT_Perp
Bybit MUUSDT
BloFin MU-USDT
Arcus MU-USD
RISEx MU/USDC
Extended MU_24_5-USD