Funding you earn now, next payment 06:00 UTC+0.0215%/8h= +23.6% APRnext payment +$0.27 per $10,000 · paid last 24h +0.066%
Price spread now: Phoenix against Aftermath Perps+0.049%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.049% dearer against Aftermath Perps than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps MUUSD | 1,036.3 | 0.0016 | pay 0.0002% / 1h | 56m 51s | $3K | $44K | 10x |
| Short | Phoenix MU | 1,036.8 | 0.0231 | get 0.0029% / 1h | 56m 51s | $530K | $270K | 15x |
Aftermath Perps MUUSD
Phoenix MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aftermath Perps. 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
- $45.17
- Price spread: +0.049% → 0.000%
- $4.93
- Slippage, 4 orders
- no order book: not counted
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $34.11
- Costs to cover
- 0.160%
- Break-even
- 1.7 days
Slippage unknown: Aftermath Perps: no order-book sample; Phoenix: live order book, 46 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 Aftermath Perps no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 46 min ago | 3.86 bp | 13.1 bp −$13 | 29.1 bp −$291 | doesn't fit | doesn't fit |
Aftermath Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MUUSDT | −0.0181% | 8h | 1,035.9 | −0.038% | $20.1M | $40.2M | 50x | as long as short |
| edgeX MUUSDC | −0.0002% | 4h | 1,036.3 | −0.003% | $1.3M | $671K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,035.9 | −0.035% | $21.1M | $64.3M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,035.7 | −0.060% | $122.0M | $538.3M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,035.7 | −0.058% | $18.7M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,035.5 | −0.079% | $29.7M | $99.9M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,036 | −0.025% | $313K | $386K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,035.6 | −0.063% | $61.3M | $28.2M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,036.4 | +0.014% | $2.5M | $2.5M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,036.8 | +0.053% | $83K | $1.4M | 10x | as long as short |
Bitget MUUSDT
edgeX MUUSDC
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 | 1,036.1 | −0.017% | $187K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,037.5 | +0.121% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,035.3 | −0.097% | $74K | $587K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,035.5 | −0.072% | $127K | $460K | 50x | as long as short |
| Nado MU-PERP | +0.0010% | 1h | 1,035.9 | −0.039% | $277K | $809K | 10x | as long as short |
| Aftermath Perps MUUSDlong | +0.0016% | 1h | 1,036.3 | long leg | $3K | $44K | 10x | |
| QFEX MU-USD | +0.0021% | 1h | 1,035.8 | −0.049% | $7.0M | $18.8M | 10x | as long as short |
| Bullet MU-USD | +0.0024% | 1h | 1,035.7 | −0.057% | $24K | $390K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,035.7 | −0.055% | $1.0M | $4.9M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,035.6 | −0.066% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,035.3 | −0.096% | $546K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.454% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,035.9 | −0.034% | $90K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,035.7 | −0.061% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,035.4 | −0.086% | $176.1M | $85.7M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,035.4 | −0.086% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,035.7 | −0.061% | $680K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,035.2 | −0.104% | $1.8M | $2.7M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,035.8 | −0.050% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,035.4 | −0.088% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,038.8 | +0.240% | $734K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,035.8 | −0.047% | $147K | $188K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,035.5 | −0.074% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,036.1 | −0.014% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,035.8 | −0.048% | $823 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,036 | −0.032% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MUshort | +0.0231% | 1h | 1,036.8 | +0.049% | $530K | $270K | 15x |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Nado MU-PERP
QFEX MU-USD
Bullet MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-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
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT