Funding you earn now, next payment 09:00 UTC−0.0259%/8h= −28.4% APRnext payment −$0.32 per $10,000 · paid last 24h −0.067%
Price spread now: Ondo Perps against Phoenix+0.231%48s7-day average −0.118% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.319%−$32 on $10k
+Price spread, last 4 days (all we have)−0.255%−$25 · spread now +0.231%, 7d avg −0.118%
=Together, before fees−0.574%+ Points / potential airdropOndo Perps: Active · farm board−$57 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.348% dearer against Phoenix than usual: you sell high and buy low (spread +0.231% now, against its 7-day average of −0.118%): +$35 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 4.5 days. The two prices were read 48 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 | Phoenix MU | 1,035.5 | 0.0310 | pay 0.0039% / 1h | 3m 52s | $530K | $269K | 15x |
| Short | Ondo Perps MU-USD.P | 1,037.9 | 0.0050 | get 0.0006% / 1h | 3m 52s | $1.9M | $3.2M | 10x |
Phoenix MU
Ondo Perps MU-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps against Phoenix. 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
- −$54.46
- Price spread: +0.231% → −0.118%
- $34.84
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$31.62
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 47 min ago; Ondo Perps: 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, 47 min ago | 3.87 bp | 13.2 bp −$13 | 29.1 bp −$291 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo 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 exchanges
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 | −0.0946% | 4h | 1,035.7 | +0.015% | $1.3M | $695K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,039.1 | +0.351% | $21.2M | $73.1M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.5 | +0.287% | $121.4M | $553.9M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,038.3 | +0.269% | $29.5M | $107.6M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.2 | +0.261% | $61.1M | $28.3M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,038.3 | +0.270% | $19.9M | $43.4M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,039.1 | +0.347% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,038.4 | +0.284% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,040.8 | +0.509% | $11K | $5.1M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,038.3 | +0.272% | $119K | $474K | 50x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
HTX MU-USDTShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH MU | +0.0032% | 1h | 1,038.6 | +0.300% | $1.2M | $4.6M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0033% | 1h | 1,036.8 | +0.128% | $3K | $42K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.532% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,039.7 | +0.404% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.8 | +0.319% | $168K | $178K | 10x | as long as short |
| Ondo Perps MU-USD.Pshort | +0.0050% | 1h | 1,037.9 | +0.231% | $1.9M | $3.2M | 10x | |
| QFEX MU-USD | +0.0059% | 1h | 1,038.9 | +0.324% | $7.0M | $19.2M | 10x | as long as short |
| Bybit MUUSDT | +0.0068% | 8h | 1,038.5 | +0.290% | $18.8M | $32.6M | 100x | as long as short |
| Paradex MU-USD-PERP | +0.0077% | 8h | 1,038.8 | +0.315% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,038.5 | +0.287% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,039.1 | +0.343% | $147K | $223K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038 | +0.239% | $5.2M | $5.8M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.6 | +0.296% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,039 | +0.341% | $826 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0107% | 1h | 1,039.2 | +0.355% | $296K | $351K | 20x | as long as short |
| SoDEX MU-USD | +0.0112% | 1h | 1,039 | +0.333% | $682K | $13K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0116% | 1h | 1,038.4 | +0.275% | $38K | $712K | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,039 | +0.339% | $1.4M | $2.5M | 20x | as long as short |
| Nado MU-PERP | +0.0125% | 1h | 1,038.4 | +0.278% | $273K | $840K | 10x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,038.7 | +0.309% | $90K | $148K | 10x | as long as short |
| Lighter MU | +0.0152% | 1h | 1,038.8 | +0.319% | $1.0M | $5.1M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,035.4 | −0.011% | $734K | $1.1M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0187% | 1h | 1,038.2 | +0.261% | $176.9M | $75.8M | 10x | as long as short |
| Bullet MU-USD | +0.0211% | 1h | 1,039 | +0.336% | $25K | $386K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0215% | 8h | 1,038.1 | +0.256% | $81K | $1.4M | 10x | as long as short |
| Phoenix MUlong | +0.0310% | 1h | 1,035.5 | long leg | $530K | $269K | 15x | |
| Extended MU_24_5-USD | +0.0344% | 1h | 1,037.4 | +0.182% | $552K | $1.1M | 10x | as long as short |
Lighter RH MU
Aftermath Perps MUUSD
Injective MU/USDC PERP
Vest MU-USD-PERP
Polymarket Perps MU-USD
QFEX MU-USD
Bybit MUUSDT
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
SoDEX MU-USD
Deribit MU_USDC-PERPETUAL
BloFin MU-USDT
Nado MU-PERP
Arcus MU-USD
Lighter MU
Coinbase International MU-PERP-INTX
tradeXYZ xyz:MU
Bullet MU-USD
GRVT MU_USDT_Perp
Extended MU_24_5-USD