Funding you earn now, next payment 00:00 UTC+0.0383%/8h= +41.9% APRnext payment +$0.48 per $10,000 · paid last 24h +0.085%
Price spread now: Phoenix against StandX+0.122%57s7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs+$7as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.369% of the position
Funding, last 7 days+0.444%+$44 on $10k
+Price spread, last 3 days (all we have)−0.097%−$10 · spread now +0.122%, 7d avg +0.023%
=Together, before fees+0.347%+ Points / potential airdropStandX: Active · farm board+$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.099% dearer against StandX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.023%. The two prices were read 57 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 | StandX MU-USD | 1,049.6 | 0 | get 0.0000% / 1h | 21m 44s | $190K | $3.3M | 20x |
| Short | Phoenix MU | 1,050.9 | 0.0383 | get 0.0048% / 1h | 21m 44s | $538K | $306K | 15x |
StandX MU-USD
Phoenix MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against StandX. 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
- $80.34
- Price spread: +0.122% → +0.023%
- $9.94
- Slippage, 4 orders
- −$21.93
- Fee StandX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $53.35
- Costs to cover
- 0.369%
- Break-even
- 2.4 days
Slippage from StandX: live order book, 2 min ago; Phoenix: live order book, 51 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 StandX live order book, 2 min ago | 2.57 bp | 7.7 bp −$8 | 14.7 bp −$147 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 51 min ago | 2.87 bp | 10.8 bp −$11 | 22.7 bp −$227 | doesn't fit | doesn't fit |
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 | −0.0040% | 4h | 1,051.4 | +0.169% | $1.3M | $672K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,050.9 | +0.125% | $62.8M | $29.0M | 75x | as long as short |
| StandX MU-USDlong | 0.0000% | 1h | 1,049.6 | long leg | $190K | $3.3M | 20x | |
| SunX MU-USDT | 0.0000% | 8h | 1,052.8 | +0.300% | $11K | $6.2M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,050.6 | +0.094% | $130K | $424K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,050.5 | +0.082% | $3K | $45K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,050.7 | +0.106% | $1.2M | $4.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.166% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,051.9 | +0.217% | — | $179K | 25x | as long as short |
| Lighter MU | +0.0048% | 1h | 1,050.9 | +0.123% | $1.1M | $4.8M | 20x | as long as short |
edgeX MUUSDC
Gate MU_USDT
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Vest MU-USD-PERP
Lighter MUShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,051 | +0.131% | $171K | $203K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,050.1 | +0.047% | $1.9M | $2.3M | 10x | as long as short |
| QFEX MU-USD | +0.0054% | 1h | 1,051.2 | +0.153% | $7.7M | $21.9M | 10x | as long as short |
| Nado MU-PERP | +0.0086% | 1h | 1,050.8 | +0.114% | $274K | $858K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0091% | 8h | 1,050.9 | +0.119% | $2K | — | 5x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,050.6 | +0.091% | $148K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,050.5 | +0.083% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,052 | +0.223% | $71K | $267K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,050.9 | +0.123% | $835 | $799 | 20x | as long as short |
| OKX MU-USDT-SWAP | +0.0105% | 8h | 1,051.2 | +0.149% | $30.9M | $101.8M | 50x | as long as short |
| SoDEX MU-USD | +0.0107% | 1h | 1,051 | +0.135% | $690K | $16K | 10x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,050.8 | +0.112% | $32K | $1K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0178% | 1h | 1,050.8 | +0.115% | $64K | $305K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,048.4 | −0.120% | $759K | $1.2M | 10x | as long as short |
| Bybit MUUSDT | +0.0211% | 8h | 1,051.6 | +0.186% | $19.5M | $32.7M | 100x | as long as short |
| Bullet MU-USD | +0.0214% | 1h | 1,051.3 | +0.160% | $25K | $395K | 10x | as long as short |
| Variational Omni MU | +0.0224% | 8h | 1,051.7 | +0.194% | $2.7M | $2.4M | — | as long as short |
| Binance MUUSDT | +0.0239% | 8h | 1,051.3 | +0.159% | $126.1M | $522.3M | 50x | as long as short |
| Aster MUUSD1 | +0.0240% | 8h | 1,050.4 | +0.074% | $21.6M | $48.3M | 20x | as long as short |
| Arcus MU-USD | +0.0240% | 1h | 1,050.8 | +0.113% | $71K | $243K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0240% | 1h | 1,050.6 | +0.093% | $178.4M | $100.3M | 10x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,051.3 | +0.157% | $316K | $339K | 20x | as long as short |
| BloFin MU-USDT | +0.0356% | 8h | 1,051.1 | +0.141% | $1.5M | $2.0M | 20x | as long as short |
| Extended MU_24_5-USD | +0.0376% | 1h | 1,050 | +0.039% | $566K | $1.2M | 10x | as long as short |
| Phoenix MUshort | +0.0383% | 1h | 1,050.9 | +0.122% | $538K | $306K | 15x | |
| Bitget MUUSDT | +0.0385% | 8h | 1,051.1 | +0.140% | $20.6M | $41.6M | 50x | as long as short |
| GRVT MU_USDT_Perp | +0.0550% | 8h | 1,051.5 | +0.179% | $83K | $1.3M | 10x | as long as short |
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Nado MU-PERP
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
OKX MU-USDT-SWAP
SoDEX MU-USD
Aevo MU-PERP
Deribit MU_USDC-PERPETUAL
Coinbase International MU-PERP-INTX
Bybit MUUSDT
Bullet MU-USD
Variational Omni MU
Binance MUUSDT
Aster MUUSD1
Arcus MU-USD
tradeXYZ xyz:MU
RISEx MU/USDC
BloFin MU-USDT
Extended MU_24_5-USD
Bitget MUUSDT
GRVT MU_USDT_Perp