MU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0425%/8h= +46.5% APRnext payment +$0.53 per $10,000 · paid last 24h +0.060%

Price spread now: Phoenix against Aftermath Perps+0.121%63s7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Phoenix is 0.121% dearer against Aftermath Perps than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 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	Aftermath Perps MUUSD	1,045.3	0.0035	pay 0.0004% / 1h	43m 57s	$3K	$45K	10x
Short	Phoenix MU	1,046.6	0.0460	get 0.0057% / 1h	43m 57s	$535K	$306K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 Aftermath PerpsbpFee PhoenixbpOrdersPrice spread, now +0.121%Rate

Funding earned: $89.18
Price spread: +0.121% → 0.000%: $12.09
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $85.27
Costs to cover: 0.160%
Break-even: 0.3 days

Slippage unknown: Aftermath Perps: no order-book sample; Phoenix: live order book, 34 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 34 min ago	3.83 bp	13.1 bp −$13	28.1 bp −$281	doesn't fit	doesn't fit

Aftermath 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 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	−0.0477%	4h	1,045.5	+0.012%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,046.2	+0.084%	$63.1M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.5	+0.019%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.3	+0.281%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.8	+0.041%	$124K	$446K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.2	+0.081%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.514%	$14K	$302	12x	as long as short
Aftermath Perps MUUSDlong	+0.0035%	1h	1,045.3	long leg	$3K	$45K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,046.2	+0.086%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,046	+0.063%	$166K	$197K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,045.3	−0.003%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0080%	1h	1,046	+0.061%	$7.9M	$24.0M	10x	as long as short
OKX MU-USDT-SWAP	+0.0081%	8h	1,046.3	+0.090%	$30.8M	$105.3M	50x	as long as short
SoDEX MU-USD	+0.0099%	1h	1,046.3	+0.088%	$687K	$16K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046	+0.064%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.7	+0.035%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.6	+0.025%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046.4	+0.098%	$832	$799	20x	as long as short
Bitget MUUSDT	+0.0136%	8h	1,046.1	+0.073%	$20.5M	$43.6M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,046.2	+0.082%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0154%	8h	1,046	+0.068%	$2K	—	5x	as long as short
Aster MUUSD1	+0.0170%	8h	1,046.9	+0.147%	$21.6M	$47.3M	20x	as long as short
Lighter MU	+0.0184%	1h	1,046.2	+0.084%	$1.0M	$4.8M	20x	as long as short
Variational Omni MU	+0.0200%	8h	1,046.3	+0.092%	$2.6M	$2.5M	—	as long as short
Binance MUUSDT	+0.0212%	8h	1,046.5	+0.107%	$125.0M	$533.2M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.5	+0.014%	$757K	$1.4M	10x	as long as short
Bullet MU-USD	+0.0238%	1h	1,046.3	+0.090%	$25K	$395K	10x	as long as short
Nado MU-PERP	+0.0249%	1h	1,045.5	+0.012%	$270K	$876K	10x	as long as short
GRVT MU_USDT_Perp	+0.0253%	8h	1,045.7	+0.039%	$77K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0285%	8h	1,046.6	+0.123%	$19.2M	$32.6M	100x	as long as short
tradeXYZ xyz:MU	+0.0297%	1h	1,046.2	+0.083%	$176.8M	$105.6M	10x	as long as short
BloFin MU-USDT	+0.0332%	8h	1,046	+0.066%	$1.4M	$2.0M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0343%	1h	1,046.2	+0.085%	$62K	$260K	10x	as long as short
Phoenix MUshort	+0.0460%	1h	1,046.6	+0.121%	$535K	$306K	15x
Arcus MU-USD	+0.0462%	1h	1,045.8	+0.043%	$74K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.6	+0.121%	$317K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0704%	1h	1,045.5	+0.018%	$540K	$1.1M	10x	as long as short