After costs, if the gap returns to its 7d average, $10k−$40
spread now−0.057%7d average+0.002%fees + slippage, in and out−$34spread needed0.342%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MUUSD1 | 1,040.9 | 0 | get 0.0000% / 8h | 6h 04m | $21.4M | $24.4M | 20x |
| Short | Phoenix MU | 1,040.3 | 0.0230 | get 0.0029% / 1h | 4m 38s | $527K | $192K | 15x |
Aster MUUSD1
Phoenix MUPrice 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
- −$5.66
- Funding while held
- $6.91
- Slippage, 4 orders
- −$19.21
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$32.96
- Spread needed to break even
- 0.342%
Slippage from Aster: live order book, 6 min ago; Phoenix: live order book, 35 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0230%
- Per $10,000 a day
- +$6.91
- 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 Aster live order book, 6 min ago | 0.24 bp | 6.6 bp −$7 | 7.9 bp −$79 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 35 min ago | 2.88 bp | 11.3 bp −$11 | 24.3 bp −$243 | doesn't fit | doesn't fit |
MU price on every exchange
against the cheapest. Click to use as the short leg.Extended1,039.6cheapestOKX1,039.8+0.027%Arcus1,039.9+0.031%Ondo Perps1,040+0.038%QFEX1,040+0.038%Bitget1,040+0.042%Bybit1,040.1+0.049%Binance1,040.1+0.051%RISEx1,040.3+0.066%
Extended
OKX
Arcus
Ondo Perps
QFEX
Bitget
Bybit
Binance
RISExPhoenix1,040.3+0.071%
Paradex1,040.4+0.077%edgeX1,040.4+0.082%Aftermath Perps1,040.5+0.089%Nado1,040.5+0.093%HTX1,040.6+0.096%Pacifica1,040.6+0.097%ApeX Omni1,040.6+0.098%KuCoin1,040.6+0.101%Polymarket Perps1,040.7+0.110%StandX1,040.7+0.111%Lighter RH1,040.7+0.112%Gate1,040.8+0.118%tradeXYZ1,040.8+0.119%Aevo1,040.9+0.124%
Paradex
Nado
HTX
Pacifica
ApeX Omni
KuCoin
Polymarket Perps
StandX
Lighter RH
Gate
tradeXYZ
AevoAster1,040.9+0.128%
Variational Omni1,040.9+0.129%Lighter1,040.9+0.131%SoDEX1,041+0.134%BloFin1,041.1+0.144%Deribit1,041.1+0.150%Bullet1,041.2+0.158%Orderly1,041.3+0.164%Coinbase International1,041.3+0.167%Vest1,041.5+0.186%SunX1,042.4+0.274%Injective1,050.7+1.072%
Variational Omni
Lighter
SoDEX
BloFin
Deribit
Bullet
Orderly
Coinbase International
Vest
SunX
InjectiveMU on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended MU_24_5-USD | −0.128% | +0.0032% | 1h | $523K | $1.0M | 10x | as long as short |
| OKX MU-USDT-SWAP | −0.101% | 0.0000% | 8h | $30.8M | $96.8M | 50x | as long as short |
| Arcus MU-USD | −0.097% | +0.0153% | 1h | $63K | $235K | 10x | as long as short |
| Ondo Perps MU-USD.P | −0.089% | +0.0050% | 1h | $1.9M | $2.5M | 10x | as long as short |
| QFEX MU-USD | −0.089% | +0.0034% | 1h | $7.8M | $22.8M | 10x | as long as short |
| Bitget MUUSDT | −0.085% | +0.0034% | 8h | $20.2M | $39.9M | 50x | as long as short |
| Bybit MUUSDT | −0.079% | 0.0000% | 8h | $18.0M | $29.5M | 100x | as long as short |
| Binance MUUSDT | −0.077% | 0.0000% | 8h | $126.5M | $494.7M | 50x | as long as short |
| RISEx MU/USDC | −0.061% | +0.0044% | 1h | $284K | $330K | 20x | as long as short |
| Phoenix MUshort | −0.057% | +0.0230% | 1h | $527K | $192K | 15x |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex MU-USD-PERP | −0.051% | +0.0051% | 8h | $2K | — | 5x | as long as short |
| edgeX MUUSDC | −0.046% | +0.0800% | 4h | $1.3M | $671K | 10x | as long as short |
| Aftermath Perps MUUSD | −0.039% | +0.0162% | 1h | $3K | $44K | 10x | as long as short |
| Nado MU-PERP | −0.035% | +0.0066% | 1h | $335K | $778K | 10x | as long as short |
| HTX MU-USDT | −0.032% | 0.0000% | 8h | $126K | $444K | 50x | as long as short |
| Pacifica MU | −0.031% | +0.0100% | 1h | $147K | $156K | 10x | as long as short |
| ApeX Omni MUUSDT | −0.030% | +0.0100% | 1h | $71K | $268K | 50x | as long as short |
| KuCoin MUUSDTM | −0.027% | +0.0100% | 8h | $5.2M | $3.8M | 20x | as long as short |
| Polymarket Perps MU-USD | −0.018% | +0.0050% | 1h | $164K | $159K | 10x | as long as short |
| StandX MU-USD | −0.017% | 0.0000% | 1h | $188K | $2.7M | 20x | as long as short |
| Lighter RH MU | −0.015% | +0.0032% | 1h | $1.0M | $4.3M | 10x | as long as short |
| Gate MU_USDT | −0.010% | 0.0000% | 8h | $64.4M | $26.4M | 75x | as long as short |
| tradeXYZ xyz:MU | −0.009% | +0.0050% | 1h | $177.5M | $95.8M | 10x | as long as short |
| Aevo MU-PERP | −0.003% | +0.0080% | 1h | $33K | — | 10x | as long as short |
| Aster MUUSD1long | 0.000% | 0.0000% | 8h | $21.4M | $24.4M | 20x | |
| Variational Omni MU | +0.001% | 0.0000% | 8h | $2.6M | $2.7M | — | as long as short |
| Lighter MU | +0.003% | +0.0032% | 1h | $982K | $4.7M | 20x | as long as short |
| SoDEX MU-USD | +0.006% | +0.0050% | 1h | $683K | $16K | 10x | as long as short |
| BloFin MU-USDT | +0.016% | +0.0120% | 8h | $1.5M | $1.7M | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.022% | 0.0000% | 1h | $54K | $125K | 10x | as long as short |
| Bullet MU-USD | +0.030% | 0.0000% | 1h | $25K | $400K | 10x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.037% | +0.0100% | 8h | $828 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.039% | +0.0136% | 1h | $780K | $1.7M | 10x | as long as short |
| Vest MU-USD-PERP | +0.058% | +0.0046% | 1h | — | $175K | 25x | as long as short |
| SunX MU-USDT | +0.146% | 0.0000% | 8h | $11K | $6.6M | 10x | as long as short |
| Injective MU/USDC PERP | +0.944% | +0.0033% | 1h | $14K | $62K | 12x | as long as short |