Funding you earn now, next payment 10:00 UTC−0.0308%/8h= −33.7% APRnext payment −$0.38 per $10,000 · paid last 24h −0.082%
Price spread now: StandX against Phoenix−0.277%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$440.435% of the position
Funding, last 7 days−0.430%−$43 on $10k
+Price spread, last 4 days (all we have)+0.255%+$26 · spread now −0.277%, 7d avg −0.024%
=Together, before fees−0.175%+ Points / potential airdropStandX: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and StandX is 0.252% cheaper against Phoenix than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MU | 1,041.5 | 0.0308 | pay 0.0038% / 1h | 55m 20s | $533K | $159K | 15x |
| Short | StandX MU-USD | 1,038.6 | 0 | get 0.0000% / 1h | 55m 20s | $188K | $3.7M | 20x |
Phoenix MU
StandX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- −$64.59
- Price spread: −0.277% → −0.024%
- −$25.2
- Slippage, 4 orders
- −$28.52
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$133.31
- Costs to cover
- 0.435%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 50 min ago; StandX: live order book, 2 min ago.
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, 50 min ago | 3.85 bp | 13.1 bp −$13 | 29.0 bp −$290 | doesn't fit | doesn't fit |
| Sell StandX live order book, 2 min ago | 3.27 bp | 7.5 bp −$7 | 13.2 bp −$132 | doesn't fit | doesn't fit |
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 | −0.0543% | 4h | 1,039.5 | −0.196% | $1.3M | $694K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,039.5 | −0.193% | $21.2M | $73.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,039 | −0.238% | $122.0M | $554.2M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,038.9 | −0.249% | $29.8M | $106.7M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.8 | −0.258% | $61.3M | $27.3M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,038.9 | −0.249% | $19.8M | $43.7M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,038.8 | −0.260% | $2.6M | $2.5M | — | as long as short |
| StandX MU-USDshort | 0.0000% | 1h | 1,038.6 | −0.277% | $188K | $3.7M | 20x | |
| SunX MU-USDT | 0.0000% | 8h | 1,040.8 | −0.066% | $11K | $4.9M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,038.2 | −0.318% | $32K | $733K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,038.9 | −0.252% | $119K | $473K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,038.6 | −0.283% | $1.1M | $4.4M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.947% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0037% | 1h | 1,039 | −0.241% | $3K | $41K | 10x | as long as short |
| RISEx MU/USDC | +0.0045% | 1h | 1,039.3 | −0.212% | $298K | $334K | 20x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,040 | −0.144% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.8 | −0.259% | $169K | $163K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,038.9 | −0.254% | $683K | $14K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.9 | −0.345% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0059% | 1h | 1,038.6 | −0.277% | $7.0M | $19.4M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0079% | 8h | 1,038.7 | −0.266% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,038.4 | −0.294% | $32K | $1K | 10x | as long as short |
| Bybit MUUSDT | +0.0088% | 8h | 1,039.2 | −0.220% | $18.8M | $32.2M | 100x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,038.5 | −0.291% | $151K | $227K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038.8 | −0.257% | $5.2M | $6.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,039.4 | −0.205% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.8 | −0.255% | $826 | $799 | 20x | as long as short |
| Lighter MU | +0.0120% | 1h | 1,038.9 | −0.254% | $1.0M | $4.9M | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,039.8 | −0.168% | $1.5M | $2.7M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0136% | 1h | 1,037.9 | −0.348% | $727K | $1.2M | 10x | as long as short |
| Nado MU-PERP | +0.0140% | 1h | 1,038.5 | −0.286% | $276K | $834K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0158% | 8h | 1,039.9 | −0.151% | $72K | $1.4M | 10x | as long as short |
| Arcus MU-USD | +0.0186% | 1h | 1,038.6 | −0.280% | $90K | $159K | 10x | as long as short |
| Bullet MU-USD | +0.0235% | 1h | 1,039.1 | −0.230% | $26K | $383K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0247% | 1h | 1,038.8 | −0.259% | $177.6M | $75.1M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0288% | 1h | 1,038 | −0.333% | $551K | $1.1M | 10x | as long as short |
| Phoenix MUlong | +0.0308% | 1h | 1,041.5 | long leg | $533K | $159K | 15x |
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
RISEx MU/USDC
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Paradex MU-USD-PERP
Aevo MU-PERP
Bybit MUUSDT
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Lighter MU
BloFin MU-USDT
Coinbase International MU-PERP-INTX
Nado MU-PERP
GRVT MU_USDT_Perp
Arcus MU-USD
Bullet MU-USD
tradeXYZ xyz:MU
Extended MU_24_5-USD