data as of
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Price arb /

MU

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Spread before costs (cost unknown: a leg has no order-book sample)−0.423%
7d average—if it closes, per $10,000$42funding while held, a day+$2.82
Long on ParadexShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex MU-USD-PERP1,047.80.0060pay 0.0060% / 8h26m 50s$2K—5x
ShortPhoenix MU1,043.40.0154get 0.0019% / 1h26m 50s$529K$190K15x

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
−$42.29
Funding while held
$2.82
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$50.47
Spread needed to break even
0.110%
Slippage unknown: Paradex: no order-book sample; Phoenix: live order book, 22 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0094%
Per $10,000 a day
+$2.82
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 Paradex no order-book sample—————
Sell Phoenix live order book, 22 min ago2.88 bp11.3 bp −$1124.3 bp −$243doesn't fitdoesn't fit
Paradex: 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 price on every exchange

against the cheapest. Click to use as the short leg.
Phoenix1,043.4cheapest
OKX1,043.6+0.019%Variational Omni1,043.7+0.031%Aftermath Perps1,043.9+0.045%Lighter RH1,044.4+0.098%Bybit1,044.5+0.104%Binance1,044.5+0.110%Coinbase International1,044.6+0.117%Lighter1,044.8+0.138%Extended1,044.9+0.140%KuCoin1,044.9+0.143%edgeX1,045.1+0.159%StandX1,045.1+0.162%Aster1,045.1+0.165%Gate1,045.1+0.165%tradeXYZ1,045.2+0.173%SoDEX1,045.5+0.196%ApeX Omni1,045.5+0.202%Bitget1,045.7+0.216%Deribit1,046+0.245%HTX1,046+0.246%BloFin1,046.1+0.263%Ondo Perps1,046.4+0.288%SunX1,046.5+0.298%Orderly1,046.6+0.304%Aevo1,046.9+0.336%Arcus1,047+0.344%Pacifica1,047.1+0.359%Nado1,047.5+0.391%QFEX1,047.5+0.394%Polymarket Perps1,047.6+0.403%Bullet1,047.8+0.418%
Paradex1,047.8+0.425%
RISEx1,047.9+0.431%Vest1,048.2+0.460%Injective1,050.7+0.701%

MU on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix MUshort−0.423%+0.0154%1h$529K$190K15x
OKX MU-USDT-SWAP−0.404%0.0000%8h$30.9M$91.2M50xas long as short
Variational Omni MU−0.392%+0.0033%8h$2.7M$2.7M—as long as short
Aftermath Perps MUUSD−0.378%+0.0214%1h$3K$43K10xas long as short
Lighter RH MU−0.326%+0.0032%1h$1.1M$4.2M10xas long as short
Bybit MUUSDT−0.319%0.0000%8h$18.4M$28.7M100xas long as short
Binance MUUSDT−0.313%+0.0048%8h$129.9M$446.2M50xas long as short
Coinbase International MU-PERP-INTX−0.306%+0.0184%1h$802K$1.7M10xas long as short
Lighter MU−0.285%+0.0032%1h$994K$4.5M20xas long as short
Extended MU_24_5-USD−0.284%+0.0032%1h$525K$991K10xas long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin MUUSDTM−0.281%+0.0100%8h$5.2M$3.6M20xas long as short
edgeX MUUSDC−0.264%+0.0636%4h$1.3M$671K10xas long as short
StandX MU-USD−0.262%0.0000%1h$189K$1.8M20xas long as short
Aster MUUSD1−0.259%0.0000%8h$21.5M$9.7M20xas long as short
Gate MU_USDT−0.259%0.0000%8h$66.4M$24.4M75xas long as short
tradeXYZ xyz:MU−0.251%+0.0050%1h$178.0M$94.1M10xas long as short
SoDEX MU-USD−0.227%+0.0050%1h$690K$12K10xas long as short
ApeX Omni MUUSDT−0.222%+0.0100%1h$71K$268K50xas long as short
Bitget MUUSDT−0.208%+0.0106%8h$20.3M$37.2M50xas long as short
Deribit MU_USDC-PERPETUAL−0.179%0.0000%1h$55K$86K10xas long as short
HTX MU-USDT−0.178%0.0000%8h$130K$439K50xas long as short
BloFin MU-USDT−0.161%+0.0170%8h$1.5M$1.5M20xas long as short
Ondo Perps MU-USD.P−0.137%+0.0050%1h$2.0M$2.5M10xas long as short
SunX MU-USDT−0.126%0.0000%8h$11K$6.3M10xas long as short
Orderly PERP_MU_USDC_mythos−0.120%+0.0100%8h$832$79920xas long as short
Aevo MU-PERP−0.088%+0.0096%1h$34K—10xas long as short
Arcus MU-USD−0.080%+0.0040%1h$73K$191K10xas long as short
Pacifica MU−0.066%+0.0100%1h$157K$100K10xas long as short
Nado MU-PERP−0.033%+0.0134%1h$282K$733K10xas long as short
QFEX MU-USD−0.031%+0.0045%1h$7.9M$22.5M10xas long as short
Polymarket Perps MU-USD−0.022%+0.0050%1h$167K$159K10xas long as short
Bullet MU-USD−0.007%+0.0051%1h$25K$398K10xas long as short
Paradex MU-USD-PERPlong0.000%+0.0060%8h$2K—5x
RISEx MU/USDC+0.006%+0.0173%1h$284K$326K20xas long as short
Vest MU-USD-PERP+0.035%+0.0046%1h—$161K25xas long as short
Injective MU/USDC PERP+0.275%+0.0033%1h$14K$143K12xas long as short