MU

Alert: funding

Alert: spread

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: Aevo against Phoenix+0.039%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Aevo

What this pair did over the last

the charts below follow

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 pays, funding is against you. Aevo is 0.039% dearer against Phoenix than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MU	1,035	0.0231	pay 0.0029% / 1h	24m 29s	$529K	$270K	15x
Short	Aevo MU-PERP	1,035.4	0.0080	get 0.0010% / 1h	24m 29s	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee AevobpOrdersPrice spread, now +0.039%Rate

Funding earned: −$31.65
Price spread: +0.039% → 0.000%: $3.9
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$50.75
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 23 min ago; Aevo: no order-book sample. 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 Phoenix live order book, 23 min ago	3.84 bp	12.2 bp −$12	26.7 bp −$267	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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	−0.098%	$1.3M	$671K	10x	as long as short
Bitget MUUSDT	−0.0097%	8h	1,036.4	+0.132%	$20.3M	$41.1M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,035.9	+0.085%	$21.0M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,035.9	+0.087%	$121.7M	$532.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,036.1	+0.105%	$18.5M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.2	+0.115%	$29.9M	$100.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,035.7	+0.070%	$316K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,035.6	+0.056%	$61.4M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,034.5	−0.052%	$2.6M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037	+0.196%	$75K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,035.4	+0.041%	$187K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,036.9	+0.182%	$11K	$5.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,035.4	+0.043%	$127K	$448K	50x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,035.2	+0.017%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,035.7	+0.063%	$7.0M	$18.1M	10x	as long as short
Nado MU-PERP	+0.0027%	1h	1,035.3	+0.027%	$276K	$819K	10x	as long as short
Bullet MU-USD	+0.0032%	1h	1,035.7	+0.066%	$25K	$389K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,035.4	+0.042%	$1.2M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,035	+0.001%	$538K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.581%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,034.9	−0.008%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,035.3	+0.029%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,035.2	+0.019%	$175.9M	$91.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,035.4	+0.039%	$168K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,034.8	−0.017%	$679K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,035.3	+0.031%	$1.9M	$2.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,035.7	+0.070%	$2K	—	5x	as long as short
Aevo MU-PERPshort	+0.0080%	1h	1,035.4	+0.039%	$32K	$1K	10x
Pacifica MU	+0.0100%	1h	1,035.2	+0.019%	$147K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,034.9	−0.011%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,034.3	−0.071%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,035	0.000%	$823	$799	20x	as long as short
Lighter MU	+0.0112%	1h	1,035.3	+0.025%	$1.0M	$4.9M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,035.9	+0.082%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,035.7	+0.065%	$731K	$1.3M	10x	as long as short
Phoenix MUlong	+0.0231%	1h	1,035	long leg	$529K	$270K	15x
Deribit MU_USDC-PERPETUAL	+0.0301%	1h	1,035.7	+0.065%	$73K	$515K	10x	as long as short