After costs, if the gap returns to its 7d average, $10k−$43
spread now−0.015%7d average+0.050%fees + slippage, in and out−$37spread needed0.369%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MU-USD | 1,041.1 | 0.0073 | pay 0.0009% / 1h | 38m 10s | $57K | $216K | 10x |
| Short | Phoenix MU | 1,040.9 | 0.0232 | get 0.0029% / 1h | 38m 10s | $528K | $192K | 15x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$1.54
- Funding while held
- $4.76
- Slippage, 4 orders
- −$25.39
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$33.67
- Spread needed to break even
- 0.369%
Slippage from Arcus: live order book, 7 min ago; Phoenix: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0159%
- Per $10,000 a day
- +$4.76
- Average in range /8h
- —
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 Arcus live order book, 7 min ago | 3.17 bp | 8.4 bp −$8 | 8.7 bp −$87 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 6 min ago | 2.88 bp | 11.3 bp −$11 | 24.0 bp −$240 | doesn't fit | doesn't fit |
MU price on every exchange
against the cheapest. Click to use as the short leg.MU on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International MU-PERP-INTX | −0.085% | +0.0168% | 1h | $780K | $1.7M | 10x | as long as short |
| Ondo Perps MU-USD.P | −0.028% | +0.0050% | 1h | $2.0M | $2.4M | 10x | as long as short |
| StandX MU-USD | −0.026% | 0.0000% | 1h | $188K | $2.1M | 20x | as long as short |
| Nado MU-PERP | −0.023% | +0.0107% | 1h | $334K | $772K | 10x | as long as short |
| Phoenix MUshort | −0.015% | +0.0232% | 1h | $528K | $192K | 15x | |
| Gate MU_USDT | −0.004% | 0.0000% | 8h | $65.1M | $24.9M | 75x | as long as short |
| Arcus MU-USDlong | 0.000% | +0.0073% | 1h | $57K | $216K | 10x | |
| Polymarket Perps MU-USD | +0.004% | +0.0050% | 1h | $165K | $159K | 10x | as long as short |
| Bitget MUUSDT | +0.008% | +0.0095% | 8h | $20.0M | $38.4M | 50x | as long as short |
| QFEX MU-USD | +0.012% | +0.0037% | 1h | $7.9M | $22.6M | 10x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended MU_24_5-USD | +0.013% | +0.0032% | 1h | $521K | $989K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.013% | +0.0054% | 1h | $177.8M | $95.1M | 10x | as long as short |
| Variational Omni MU | +0.014% | +0.0029% | 8h | $2.7M | $2.5M | — | as long as short |
| edgeX MUUSDC | +0.021% | +0.0160% | 4h | $1.3M | $669K | 10x | as long as short |
| RISEx MU/USDC | +0.022% | +0.0145% | 1h | $284K | $317K | 20x | as long as short |
| Pacifica MU | +0.022% | +0.0100% | 1h | $148K | $110K | 10x | as long as short |
| KuCoin MUUSDTM | +0.025% | +0.0100% | 8h | $5.2M | $3.7M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.029% | +0.0100% | 1h | $71K | $268K | 50x | as long as short |
| Paradex MU-USD-PERP | +0.029% | +0.0056% | 8h | $2K | — | 5x | as long as short |
| Aftermath Perps MUUSD | +0.032% | +0.0207% | 1h | $3K | $43K | 10x | as long as short |
| Vest MU-USD-PERP | +0.038% | +0.0046% | 1h | — | $172K | 25x | as long as short |
| Lighter RH MU | +0.046% | +0.0032% | 1h | $1.1M | $4.2M | 10x | as long as short |
| Aevo MU-PERP | +0.051% | +0.0096% | 1h | $33K | — | 10x | as long as short |
| BloFin MU-USDT | +0.057% | +0.0169% | 8h | $1.5M | $1.6M | 20x | as long as short |
| Aster MUUSD1 | +0.059% | 0.0000% | 8h | $21.4M | $14.7M | 20x | as long as short |
| Lighter MU | +0.060% | +0.0032% | 1h | $1.0M | $4.6M | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.065% | +0.0163% | 1h | $55K | $95K | 10x | as long as short |
| SoDEX MU-USD | +0.066% | +0.0050% | 1h | $684K | $16K | 10x | as long as short |
| Binance MUUSDT | +0.067% | +0.0049% | 8h | $128.3M | $471.0M | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.068% | +0.0100% | 8h | $828 | $799 | 20x | as long as short |
| HTX MU-USDT | +0.069% | 0.0000% | 8h | $129K | $437K | 50x | as long as short |
| Bullet MU-USD | +0.071% | 0.0000% | 1h | $26K | $399K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.074% | 0.0000% | 8h | $30.8M | $93.8M | 50x | as long as short |
| Bybit MUUSDT | +0.083% | 0.0000% | 8h | $18.2M | $28.9M | 100x | as long as short |
| SunX MU-USDT | +0.191% | 0.0000% | 8h | $11K | $6.6M | 10x | as long as short |
| Injective MU/USDC PERP | +0.927% | +0.0033% | 1h | $14K | $66K | 12x | as long as short |
Phoenix MU
Coinbase International
StandX
Gate
Polymarket Perps
Bitget
Extended
tradeXYZ
Variational Omni
RISEx
Pacifica
KuCoin
ApeX Omni
Paradex
Lighter RH
BloFin
Aster
Lighter
Deribit
SoDEX
Binance
HTX
Bullet
OKX
Bybit
SunX
Injective