MU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0183%/8h= +20.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.076%

Price spread now: Phoenix against Vest−0.061%7-day average −0.642% · you buy dearer than you sell

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

Long on Vest Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.031%+$3 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.061%, 7d avg −0.642%

Together, before fees+0.147%+ Points / potential airdropVest: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.581% dearer against Vest than usual: you sell high and buy low: +$58 more if the spread goes back to its 7-day average of −0.642%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.031% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 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	Vest MU-USD-PERP	1,050.8	0.0046	pay 0.0006% / 1h	49m 20s	—	$175K	25x
Short	Phoenix MU	1,050.2	0.0229	get 0.0029% / 1h	49m 20s	$537K	$271K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Vest. 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 VestbpFee PhoenixbpOrdersPrice spread, now −0.061%Rate

Funding earned: $38.43
Price spread: −0.061% → −0.642%: $58.11
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $87.54
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Phoenix: live order book, 13 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 13 min ago	2.85 bp	10.7 bp −$11	22.6 bp −$226	doesn't fit	doesn't fit

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 36 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	−0.0504%	4h	1,050.4	−0.040%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.4	−0.040%	$333K	$349K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050	−0.079%	$62.1M	$27.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	−0.069%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.7	+0.086%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.7	−0.108%	$129K	$427K	50x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,049.9	−0.090%	$3K	$44K	10x	as long as short
GRVT MU_USDT_Perp	+0.0024%	8h	1,050.8	−0.006%	$79K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0025%	8h	1,050.4	−0.046%	$19.2M	$32.4M	100x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.2	−0.063%	$7.2M	$18.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,049.9	−0.093%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.049%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.6	−0.117%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.2	−0.060%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAP	+0.0042%	8h	1,050.1	−0.069%	$31.0M	$100.1M	50x	as long as short
Vest MU-USD-PERPlong	+0.0046%	1h	1,050.8	long leg	—	$175K	25x
Polymarket Perps MU-USD	+0.0050%	1h	1,049.8	−0.099%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.9	−0.091%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.4	−0.135%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0059%	8h	1,050.4	−0.046%	$2K	—	5x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.086%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,049.7	−0.111%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.9	−0.086%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	−0.004%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050	−0.082%	$835	$799	20x	as long as short
Lighter MU	+0.0104%	1h	1,049.9	−0.091%	$1.1M	$4.8M	20x	as long as short
Aster MUUSD1	+0.0110%	8h	1,050.1	−0.067%	$21.4M	$52.1M	20x	as long as short
Nado MU-PERP	+0.0110%	1h	1,049.7	−0.107%	$280K	$850K	10x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,049.6	−0.117%	$32K	$1K	10x	as long as short
tradeXYZ xyz:MU	+0.0130%	1h	1,049.7	−0.108%	$178.2M	$99.2M	10x	as long as short
Variational Omni MU	+0.0144%	8h	1,050.4	−0.038%	$2.7M	$2.3M	—	as long as short
Bullet MU-USD	+0.0158%	1h	1,050.1	−0.070%	$26K	$397K	10x	as long as short
Binance MUUSDT	+0.0165%	8h	1,050.1	−0.070%	$126.5M	$520.0M	50x	as long as short
Bitget MUUSDT	+0.0168%	8h	1,050.2	−0.064%	$20.6M	$41.2M	50x	as long as short
Phoenix MUshort	+0.0229%	1h	1,050.2	−0.061%	$537K	$271K	15x
Deribit MU_USDC-PERPETUAL	+0.0265%	1h	1,050	−0.078%	$66K	$355K	10x	as long as short