After costs, if the gap returns to its 7d average, $10k−$55
spread now−0.203%7d average+0.011%fees + slippage, in and out−$33spread needed0.333%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MU-USDT-SWAP | 1,039.2 | 0 | get 0.0000% / 8h | 1h 24m | $30.8M | $83.3M | 50x |
| Short | Phoenix MU | 1,037.1 | 0.0229 | get 0.0029% / 1h | 24m 35s | $525K | $187K | 15x |
OKX MU-USDT-SWAP
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
- −$20.3
- Funding while held
- $6.87
- Slippage, 4 orders
- −$16.27
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$46.7
- Spread needed to break even
- 0.333%
Slippage from OKX: live order book, 6 min ago; Phoenix: live order book, 30 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0229%
- Per $10,000 a day
- +$6.87
- 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 OKX live order book, 6 min ago | 0.05 bp | 5.1 bp −$5 | 8.1 bp −$81 | 16.0 bp −$1,605 | doesn't fit |
| Sell Phoenix live order book, 30 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.Aftermath Perps1,037.1cheapestedgeX1,037.1+0.001%
Phoenix1,037.1+0.004%
ApeX Omni1,037.4+0.033%StandX1,037.8+0.066%Ondo Perps1,038.2+0.106%Polymarket Perps1,038.2+0.110%Aevo1,038.2+0.112%Extended1,038.2+0.113%Pacifica1,038.2+0.114%HTX1,038.3+0.117%tradeXYZ1,038.3+0.119%Deribit1,038.5+0.135%KuCoin1,038.5+0.137%Coinbase International1,038.5+0.139%Nado1,038.6+0.145%Vest1,038.6+0.147%Arcus1,038.6+0.152%Orderly1,038.7+0.157%Bullet1,038.7+0.162%Lighter RH1,038.8+0.164%Variational Omni1,038.8+0.166%Paradex1,038.8+0.172%SoDEX1,038.9+0.173%QFEX1,038.9+0.181%Gate1,039+0.186%Lighter1,039+0.187%Binance1,039+0.190%Aster1,039.2+0.201%
ApeX Omni
StandX
Ondo Perps
Polymarket Perps
Aevo
Extended
Pacifica
HTX
tradeXYZ
Deribit
KuCoin
Coinbase International
Nado
Vest
Arcus
Orderly
Bullet
Lighter RH
Variational Omni
Paradex
SoDEX
QFEX
Gate
Lighter
Binance
AsterOKX1,039.2+0.207%
BloFin1,039.3+0.211%Bybit1,039.3+0.215%Bitget1,039.3+0.215%RISEx1,039.6+0.242%SunX1,039.9+0.269%Injective1,050.7+1.316%
BloFin
Bybit
Bitget
RISEx
SunX
InjectiveMU on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aftermath Perps MUUSD | −0.207% | +0.0221% | 1h | $3K | $43K | 10x | as long as short |
| edgeX MUUSDC | −0.206% | +0.0711% | 4h | $1.3M | $667K | 10x | as long as short |
| Phoenix MUshort | −0.203% | +0.0229% | 1h | $525K | $187K | 15x | |
| ApeX Omni MUUSDT | −0.174% | +0.0100% | 1h | $70K | $266K | 50x | as long as short |
| StandX MU-USD | −0.140% | 0.0000% | 1h | $188K | $1.0M | 20x | as long as short |
| Ondo Perps MU-USD.P | −0.101% | +0.0050% | 1h | $2.0M | $2.3M | 10x | as long as short |
| Polymarket Perps MU-USD | −0.097% | +0.0050% | 1h | $166K | $170K | 10x | as long as short |
| Aevo MU-PERP | −0.095% | +0.0096% | 1h | $33K | — | 10x | as long as short |
| Extended MU_24_5-USD | −0.094% | +0.0032% | 1h | $512K | $919K | 10x | as long as short |
| Pacifica MU | −0.093% | +0.0100% | 1h | $157K | $95K | 10x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX MU-USDT | −0.090% | 0.0000% | 8h | $129K | $422K | 50x | as long as short |
| tradeXYZ xyz:MU | −0.088% | +0.0050% | 1h | $174.7M | $89.3M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | −0.072% | +0.0039% | 1h | $53K | $75K | 10x | as long as short |
| KuCoin MUUSDTM | −0.070% | +0.0100% | 8h | $5.2M | $3.4M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | −0.068% | +0.0192% | 1h | $823K | $1.3M | 10x | as long as short |
| Nado MU-PERP | −0.062% | +0.0172% | 1h | $281K | $662K | 10x | as long as short |
| Vest MU-USD-PERP | −0.060% | +0.0046% | 1h | — | $150K | 25x | as long as short |
| Arcus MU-USD | −0.055% | +0.0040% | 1h | $65K | $172K | 10x | as long as short |
| Orderly PERP_MU_USDC_mythos | −0.050% | +0.0100% | 8h | $826 | $799 | 20x | as long as short |
| Bullet MU-USD | −0.045% | +0.0197% | 1h | $25K | $398K | 10x | as long as short |
| Lighter RH MU | −0.043% | +0.0032% | 1h | $1.2M | $4.1M | 10x | as long as short |
| Variational Omni MU | −0.041% | +0.0021% | 8h | $2.7M | $2.6M | — | as long as short |
| Paradex MU-USD-PERP | −0.035% | +0.0072% | 8h | $2K | — | 5x | as long as short |
| SoDEX MU-USD | −0.035% | +0.0050% | 1h | $689K | $9K | 10x | as long as short |
| QFEX MU-USD | −0.026% | +0.0036% | 1h | $7.8M | $22.0M | 10x | as long as short |
| Gate MU_USDT | −0.021% | 0.0000% | 8h | $66.3M | $23.0M | 75x | as long as short |
| Lighter MU | −0.020% | +0.0072% | 1h | $973K | $4.3M | 20x | as long as short |
| Binance MUUSDT | −0.018% | +0.0046% | 8h | $130.5M | $401.4M | 50x | as long as short |
| Aster MUUSD1 | −0.006% | 0.0000% | 8h | $21.3M | $9.0M | 20x | as long as short |
| OKX MU-USDT-SWAPlong | 0.000% | 0.0000% | 8h | $30.8M | $83.3M | 50x | |
| BloFin MU-USDT | +0.004% | +0.0166% | 8h | $1.5M | $1.3M | 20x | as long as short |
| Bybit MUUSDT | +0.008% | 0.0000% | 8h | $18.6M | $27.2M | 100x | as long as short |
| Bitget MUUSDT | +0.008% | +0.0104% | 8h | $20.4M | $33.7M | 50x | as long as short |
| RISEx MU/USDC | +0.035% | +0.0077% | 1h | $281K | $298K | 20x | as long as short |
| SunX MU-USDT | +0.062% | 0.0000% | 8h | $11K | $5.4M | 10x | as long as short |
| Injective MU/USDC PERP | +1.107% | −0.0220% | 1h | $14K | $225K | 12x | as long as short |