Funding you earn now, next payment 22:00 UTC+0.0338%/8h= +37.0% APRnext payment +$0.42 per $10,000 · paid last 24h +0.065%
Price spread now: Phoenix against Vest+0.065%58s7-day average −0.669% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.017%+$2 on $10k
+Price spread, last 3 days (all we have)−0.105%−$11 · spread now +0.065%, 7d avg −0.669%
=Together, before fees−0.088%+ Points / potential airdropVest: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 0.735% dearer against Vest than usual: you sell high and buy low: +$73 more if the spread goes back to its 7-day average of −0.669%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.017% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 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 | Vest MU-USD-PERP | 1,043.1 | 0.0046 | pay 0.0006% / 1h | 8m 19s | — | $194K | 25x |
| Short | Phoenix MU | 1,043.8 | 0.0383 | get 0.0048% / 1h | 8m 19s | $534K | $306K | 15x |
Vest MU-USD-PERP
Phoenix MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Vest. 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
- $70.93
- Price spread: +0.065% → −0.669%
- $73.46
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $135.39
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Vest: no order-book sample; Phoenix: live order book, 9 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 Vest no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 9 min ago | 3.83 bp | 13.1 bp −$13 | 28.1 bp −$281 | doesn't fit | doesn't fit |
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 | −0.0010% | 4h | 1,043.5 | +0.033% | $1.3M | $672K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,043.5 | +0.035% | $62.9M | $29.1M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,042.6 | −0.047% | $188K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,045.9 | +0.263% | $11K | $6.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,043.3 | +0.016% | $125K | $442K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,043.4 | +0.024% | $1.2M | $4.3M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.728% | $14K | $302 | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0036% | 1h | 1,043.5 | +0.036% | $3K | $45K | 10x | as long as short |
| Vest MU-USD-PERPlong | +0.0046% | 1h | 1,043.1 | long leg | — | $194K | 25x | |
| OKX MU-USDT-SWAP | +0.0048% | 8h | 1,043.4 | +0.027% | $30.9M | $104.8M | 50x | 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
OKX MU-USDT-SWAPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,043.3 | +0.017% | $165K | $197K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,042.7 | −0.045% | $2.0M | $2.7M | 10x | as long as short |
| SoDEX MU-USD | +0.0053% | 1h | 1,043.4 | +0.024% | $685K | $16K | 10x | as long as short |
| QFEX MU-USD | +0.0071% | 1h | 1,043.6 | +0.046% | $7.8M | $24.1M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,043.7 | +0.057% | $154K | $181K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,043.4 | +0.024% | $5.2M | $4.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,043 | −0.016% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,043.5 | +0.038% | $830 | $799 | 20x | as long as short |
| Aster MUUSD1 | +0.0104% | 8h | 1,044.1 | +0.090% | $21.5M | $47.4M | 20x | as long as short |
| Bitget MUUSDT | +0.0113% | 8h | 1,043.5 | +0.033% | $20.5M | $43.0M | 50x | as long as short |
| Aevo MU-PERP | +0.0120% | 1h | 1,043.4 | +0.027% | $33K | — | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0145% | 8h | 1,043.5 | +0.034% | $2K | — | 5x | as long as short |
| Variational Omni MU | +0.0150% | 8h | 1,043.5 | +0.032% | $2.6M | $2.6M | — | as long as short |
| Binance MUUSDT | +0.0171% | 8h | 1,043.7 | +0.055% | $124.7M | $535.1M | 50x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,043.2 | +0.011% | $755K | $1.4M | 10x | as long as short |
| Lighter MU | +0.0208% | 1h | 1,043.2 | +0.009% | $1.0M | $4.8M | 20x | as long as short |
| GRVT MU_USDT_Perp | +0.0220% | 8h | 1,043.8 | +0.068% | $77K | $1.4M | 10x | as long as short |
| Nado MU-PERP | +0.0233% | 1h | 1,042.7 | −0.044% | $273K | $872K | 10x | as long as short |
| Bybit MUUSDT | +0.0259% | 8h | 1,043.8 | +0.063% | $19.2M | $32.6M | 100x | as long as short |
| Bullet MU-USD | +0.0284% | 1h | 1,043.7 | +0.055% | $25K | $396K | 10x | as long as short |
| BloFin MU-USDT | +0.0289% | 8h | 1,043.9 | +0.077% | $1.4M | $2.0M | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0327% | 1h | 1,043.4 | +0.027% | $176.2M | $106.5M | 10x | as long as short |
| Phoenix MUshort | +0.0383% | 1h | 1,043.8 | +0.065% | $534K | $306K | 15x | |
| Arcus MU-USD | +0.0435% | 1h | 1,043.1 | −0.005% | $73K | $241K | 10x | as long as short |
| RISEx MU/USDC | +0.0499% | 1h | 1,043.9 | +0.077% | $295K | $339K | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0642% | 1h | 1,043.5 | +0.035% | $62K | $251K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0712% | 1h | 1,042.4 | −0.067% | $547K | $1.1M | 10x | as long as short |
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
SoDEX MU-USD
QFEX MU-USD
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aster MUUSD1
Bitget MUUSDT
Aevo MU-PERP
Paradex MU-USD-PERP
Variational Omni MU
Binance MUUSDT
Coinbase International MU-PERP-INTX
Lighter MU
GRVT MU_USDT_Perp
Nado MU-PERP
Bybit MUUSDT
Bullet MU-USD
BloFin MU-USDT
tradeXYZ xyz:MU
Arcus MU-USD
RISEx MU/USDC
Deribit MU_USDC-PERPETUAL
Extended MU_24_5-USD