MU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0259%/8h= −28.4% APRnext payment −$0.32 per $10,000 · paid last 24h −0.078%

Price spread now: Vest against Phoenix+0.016%58s7-day average +0.619% · you sell dearer than you buy

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

Long on Phoenix Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.040%−$4 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.016%, 7d avg +0.619%

Together, before fees−0.016%+ Points / potential airdropVest: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Vest is 0.603% cheaper against Phoenix than usual: you would sell low and buy high (−$60 if the spread goes back to its 7-day average of +0.619%). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.040% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MU	1,043.1	0.0305	pay 0.0038% / 1h	4m 29s	$534K	$271K	15x
Short	Vest MU-USD-PERP	1,043.3	0.0046	get 0.0006% / 1h	4m 29s	—	$176K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$54.41
Price spread: +0.016% → +0.619%: −$60.31
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Vest: 1 bp × 2 orders: −$2
Net: −$123.72
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 48 min ago; Vest: 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, 48 min ago	2.86 bp	10.7 bp −$11	22.4 bp −$224	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0615%	4h	1,042.3	−0.073%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,043.7	+0.056%	$21.2M	$57.0M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,043.4	+0.025%	$123.3M	$525.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,043.4	+0.024%	$18.6M	$31.9M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,043.2	+0.010%	$30.7M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,043.2	+0.013%	$337K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.3	+0.014%	$62.0M	$28.1M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,043.5	+0.035%	$20.5M	$41.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,043.3	+0.019%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,042.5	−0.060%	$83K	$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	1,043.2	+0.009%	$189K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,044.2	+0.108%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,042.7	−0.039%	$73K	$491K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042.4	−0.065%	$130K	$435K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,042.5	−0.054%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0031%	1h	1,042.8	−0.032%	$281K	$823K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,042.9	−0.020%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,043.1	+0.003%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.9	−0.015%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,042.3	−0.072%	$554K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.792%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0038%	1h	1,043.3	+0.019%	$26K	$392K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,042.7	−0.042%	$70K	$232K	10x	as long as short
Vest MU-USD-PERPshort	+0.0046%	1h	1,043.3	+0.016%	—	$176K	25x
tradeXYZ xyz:MU	+0.0050%	1h	1,042.9	−0.019%	$177.4M	$94.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,042.9	−0.019%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,042.7	−0.040%	$684K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,043.1	+0.003%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042	−0.103%	$1.9M	$2.3M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,042.8	−0.024%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,043	−0.011%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,042.9	−0.021%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,042.3	−0.079%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.3	+0.020%	$829	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.6	+0.144%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,042.9	−0.018%	$1.5M	$2.0M	20x	as long as short
Phoenix MUlong	+0.0305%	1h	1,043.1	long leg	$534K	$271K	15x