Funding you earn now, next payment 05:00 UTC+0.0151%/8h= +16.5% APRnext payment +$0.19 per $10,000 · paid last 24h +0.061%
Price spread now: Phoenix against Aevo−0.010%54s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 54 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 | Aevo MU-PERP | 1,035.9 | 0.0080 | pay 0.0010% / 1h | 23m 34s | $32K | $1K | 10x |
| Short | Phoenix MU | 1,035.8 | 0.0231 | get 0.0029% / 1h | 23m 34s | $530K | $270K | 15x |
Aevo MU-PERP
Phoenix MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aevo. 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
- $31.65
- Price spread: −0.010% → 0.000%
- −$1.01
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $7.65
- Costs to cover
- 0.230%
- Break-even
- 5.3 days
Slippage unknown: Aevo: no order-book sample; Phoenix: live order book, 24 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 24 min ago | 3.84 bp | 12.2 bp −$12 | 26.7 bp −$267 | doesn't fit | doesn't fit |
Aevo: 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 | −0.0386% | 4h | 1,034 | −0.185% | $1.3M | $671K | 10x | as long as short |
| Bitget MUUSDT | −0.0108% | 8h | 1,036.1 | +0.023% | $20.3M | $41.1M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,036.2 | +0.024% | $21.1M | $57.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,036.1 | +0.016% | $121.6M | $533.0M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,036.2 | +0.028% | $18.6M | $32.1M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,036 | +0.012% | $29.9M | $100.5M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,035.9 | +0.002% | $316K | $387K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,035.8 | −0.009% | $61.4M | $28.4M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,034.5 | −0.139% | $2.6M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,035.6 | −0.027% | $75K | $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 | 1,035.8 | −0.009% | $187K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,037.2 | +0.126% | $11K | $5.7M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,036.3 | +0.035% | $127K | $448K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0016% | 1h | 1,035.2 | −0.071% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0023% | 1h | 1,035.7 | −0.020% | $7.0M | $18.1M | 10x | as long as short |
| Nado MU-PERP | +0.0029% | 1h | 1,035.4 | −0.052% | $276K | $819K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,035.6 | −0.025% | $1.2M | $4.5M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,035.3 | −0.061% | $538K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.492% | $19K | $5K | 12x | as long as short |
| Bullet MU-USD | +0.0036% | 1h | 1,035.9 | 0.000% | $25K | $390K | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,035.3 | −0.063% | $70K | $231K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,035.6 | −0.027% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,035.4 | −0.049% | $176.1M | $91.8M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,035.7 | −0.020% | $168K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,035.6 | −0.032% | $680K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,035 | −0.086% | $1.9M | $2.5M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0053% | 8h | 1,036.5 | +0.055% | $2K | — | 5x | as long as short |
| Aevo MU-PERPlong | +0.0080% | 1h | 1,035.9 | long leg | $32K | $1K | 10x | |
| Pacifica MU | +0.0100% | 1h | 1,035.8 | −0.013% | $147K | $189K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,035.3 | −0.055% | $5.2M | $3.8M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,034.3 | −0.159% | $70K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,035.6 | −0.033% | $823 | $799 | 20x | as long as short |
| Lighter MU | +0.0120% | 1h | 1,035.8 | −0.008% | $1.0M | $4.9M | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,035.9 | −0.005% | $1.5M | $2.0M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0144% | 1h | 1,035.4 | −0.048% | $731K | $1.3M | 10x | as long as short |
| Phoenix MUshort | +0.0231% | 1h | 1,035.8 | −0.010% | $530K | $270K | 15x | |
| Deribit MU_USDC-PERPETUAL | +0.0387% | 1h | 1,036.3 | +0.033% | $73K | $516K | 10x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Nado MU-PERP
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Bullet MU-USD
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
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Lighter MU
BloFin MU-USDT
Coinbase International MU-PERP-INTX
Deribit MU_USDC-PERPETUAL