data as of
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Price arb /

MU

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$37
spread now+0.009%7d average+0.007%fees + slippage, in and out−$38spread needed0.375%
Long on BybitShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MUUSDT1,039.50get 0.0000% / 8h6h 46m$18.0M$29.3M100x
ShortPhoenix MU1,039.60.0230get 0.0029% / 1h46m 25s$527K$192K15x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$0.87
Funding while held
$6.91
Slippage, 4 orders
−$19.51
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$29.73
Spread needed to break even
0.375%
Slippage from Bybit: live order book, 4 min ago; Phoenix: live order book, 58 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago0.34 bp8.1 bp −$810.4 bp −$10420.0 bp −$2,004doesn't fit
Sell Phoenix live order book, 58 min ago2.88 bp11.3 bp −$1124.0 bp −$240doesn't fitdoesn't fit

MU price on every exchange

against the cheapest. Click to use as the short leg.
Ondo Perps1,038.5cheapestStandX1,038.9+0.040%ApeX Omni1,038.9+0.044%Nado1,039.1+0.065%edgeX1,039.2+0.071%HTX1,039.2+0.075%Aevo1,039.3+0.079%Pacifica1,039.3+0.082%Arcus1,039.4+0.087%KuCoin1,039.4+0.088%Extended1,039.4+0.093%Lighter RH1,039.5+0.099%tradeXYZ1,039.5+0.100%Gate1,039.5+0.100%Polymarket Perps1,039.5+0.100%
Bybit1,039.5+0.101%
OKX1,039.5+0.101%QFEX1,039.5+0.101%SoDEX1,039.6+0.105%Aftermath Perps1,039.6+0.106%BloFin1,039.6+0.109%
Phoenix1,039.6+0.110%
Bitget1,039.6+0.112%Lighter1,039.6+0.114%Paradex1,039.6+0.114%Deribit1,039.7+0.121%Binance1,039.7+0.122%RISEx1,039.7+0.123%Bullet1,039.7+0.123%Aster1,039.8+0.129%Orderly1,039.9+0.134%Vest1,040+0.148%Variational Omni1,040.2+0.164%SunX1,040.9+0.237%Coinbase International1,041.2+0.260%Injective1,050.7+1.180%

MU on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Ondo Perps MU-USD.P−0.101%+0.0050%1h$1.9M$2.4M10xas long as short
StandX MU-USD−0.061%0.0000%1h$188K$2.5M20xas long as short
ApeX Omni MUUSDT−0.057%+0.0100%1h$70K$268K50xas long as short
Nado MU-PERP−0.036%+0.0081%1h$333K$774K10xas long as short
edgeX MUUSDC−0.030%+0.0002%4h$1.3M$671K10xas long as short
HTX MU-USDT−0.026%0.0000%8h$126K$445K50xas long as short
Aevo MU-PERP−0.022%+0.0080%1h$33K—10xas long as short
Pacifica MU−0.019%+0.0100%1h$146K$153K10xas long as short
Arcus MU-USD−0.014%+0.0153%1h$60K$232K10xas long as short
KuCoin MUUSDTM−0.013%+0.0100%8h$5.2M$3.8M20xas long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended MU_24_5-USD−0.008%+0.0032%1h$527K$997K10xas long as short
Lighter RH MU−0.002%+0.0032%1h$1.0M$4.3M10xas long as short
tradeXYZ xyz:MU−0.001%+0.0050%1h$177.7M$95.8M10xas long as short
Gate MU_USDT−0.001%0.0000%8h$64.6M$25.8M75xas long as short
Polymarket Perps MU-USD−0.001%+0.0050%1h$164K$159K10xas long as short
Bybit MUUSDTlong0.000%0.0000%8h$18.0M$29.3M100x
OKX MU-USDT-SWAP0.000%0.0000%8h$30.8M$95.6M50xas long as short
QFEX MU-USD0.000%+0.0034%1h$7.8M$22.7M10xas long as short
SoDEX MU-USD+0.004%+0.0050%1h$682K$16K10xas long as short
Aftermath Perps MUUSD+0.005%+0.0185%1h$3K$44K10xas long as short
BloFin MU-USDT+0.008%+0.0050%8h$1.5M$1.7M20xas long as short
Phoenix MUshort+0.009%+0.0230%1h$527K$192K15x
Bitget MUUSDT+0.011%+0.0061%8h$20.0M$39.1M50xas long as short
Lighter MU+0.013%+0.0032%1h$984K$4.6M20xas long as short
Paradex MU-USD-PERP+0.013%+0.0052%8h$2K—5xas long as short
Deribit MU_USDC-PERPETUAL+0.020%0.0000%1h$54K$108K10xas long as short
Binance MUUSDT+0.021%+0.0010%8h$127.1M$485.1M50xas long as short
RISEx MU/USDC+0.022%+0.0044%1h$284K$329K20xas long as short
Bullet MU-USD+0.022%0.0000%1h$26K$401K10xas long as short
Aster MUUSD1+0.028%0.0000%8h$21.4M$22.2M20xas long as short
Orderly PERP_MU_USDC_mythos+0.033%+0.0100%8h$827$79920xas long as short
Vest MU-USD-PERP+0.047%+0.0046%1h—$175K25xas long as short
Variational Omni MU+0.063%0.0000%8h$2.7M$2.6M—as long as short
SunX MU-USDT+0.136%0.0000%8h$11K$6.6M10xas long as short
Coinbase International MU-PERP-INTX+0.159%+0.0136%1h$780K$1.7M10xas long as short
Injective MU/USDC PERP+1.077%+0.0033%1h$14K$62K12xas long as short