Funding you earn now, next payment 00:00 UTC−0.0360%/8h= −39.5% APRnext payment −$0.45 per $10,000 · paid last 24h −0.063%
Price spread now: Aftermath Perps against Phoenix−0.058%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Aftermath Perps is 0.058% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MU | 1,051.6 | 0.0383 | pay 0.0048% / 1h | 2m 27s | $538K | $306K | 15x |
| Short | Aftermath Perps MUUSD | 1,051 | 0.0022 | get 0.0003% / 1h | 2m 27s | $3K | $45K | 10x |
Phoenix MU
Aftermath Perps MUUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aftermath Perps against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$75.68
- Price spread: −0.058% → 0.000%
- −$5.83
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Net
- −$97.51
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 5 min ago; Aftermath Perps: no order-book sample. Net counts fees only.
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 Phoenix live order book, 5 min ago | 3.80 bp | 12.1 bp −$12 | 26.3 bp −$263 | doesn't fit | doesn't fit |
| Sell Aftermath Perps no order-book sample | — | — | — | — | — |
Aftermath Perps: 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 on 37 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX MUUSDC | −0.0631% | 4h | 1,051.5 | −0.010% | $1.3M | $671K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,050.5 | −0.107% | $62.6M | $29.1M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,049.9 | −0.159% | $190K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,051.9 | +0.029% | $11K | $6.1M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,050.3 | −0.126% | $65K | $313K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,050.5 | −0.109% | $129K | $424K | 50x | as long as short |
| Aftermath Perps MUUSDshort | +0.0022% | 1h | 1,051 | −0.058% | $3K | $45K | 10x | |
| Lighter RH MU | +0.0032% | 1h | 1,050.6 | −0.099% | $1.2M | $4.2M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.023% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,051.7 | +0.005% | — | $179K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MU | +0.0048% | 1h | 1,050.5 | −0.107% | $1.1M | $4.8M | 20x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,050.6 | −0.095% | $171K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,050.5 | −0.109% | $689K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,049.9 | −0.161% | $2.0M | $2.3M | 10x | as long as short |
| QFEX MU-USD | +0.0054% | 1h | 1,050.4 | −0.116% | $7.6M | $21.1M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0082% | 8h | 1,050.5 | −0.107% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0084% | 1h | 1,050.2 | −0.129% | $274K | $857K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,050.4 | −0.117% | $149K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,050.5 | −0.107% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,051.9 | +0.026% | $71K | $267K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,050.7 | −0.086% | $835 | $799 | 20x | as long as short |
| OKX MU-USDT-SWAP | +0.0105% | 8h | 1,050.7 | −0.083% | $30.9M | $101.6M | 50x | as long as short |
| Aevo MU-PERP | +0.0152% | 1h | 1,050.4 | −0.111% | $32K | $1K | 10x | as long as short |
| Bullet MU-USD | +0.0165% | 1h | 1,050.8 | −0.074% | $25K | $396K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,050.5 | −0.107% | $762K | $1.2M | 10x | as long as short |
| Bybit MUUSDT | +0.0185% | 8h | 1,051 | −0.059% | $19.4M | $32.6M | 100x | as long as short |
| tradeXYZ xyz:MU | +0.0192% | 1h | 1,050.6 | −0.095% | $178.4M | $100.2M | 10x | as long as short |
| Arcus MU-USD | +0.0240% | 1h | 1,050.9 | −0.069% | $71K | $242K | 10x | as long as short |
| Variational Omni MU | +0.0256% | 8h | 1,051.6 | −0.005% | $2.7M | $2.4M | — | as long as short |
| Aster MUUSD1 | +0.0268% | 8h | 1,051 | −0.060% | $21.6M | $48.4M | 20x | as long as short |
| Binance MUUSDT | +0.0272% | 8h | 1,050.8 | −0.080% | $126.3M | $521.5M | 50x | as long as short |
| Extended MU_24_5-USD | +0.0272% | 1h | 1,050.1 | −0.141% | $558K | $1.2M | 10x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,050.7 | −0.082% | $316K | $340K | 20x | as long as short |
| Phoenix MUlong | +0.0383% | 1h | 1,051.6 | long leg | $538K | $306K | 15x | |
| BloFin MU-USDT | +0.0391% | 8h | 1,050.6 | −0.091% | $1.5M | $2.0M | 20x | as long as short |
| Bitget MUUSDT | +0.0414% | 8h | 1,050.9 | −0.070% | $20.6M | $41.6M | 50x | as long as short |
| GRVT MU_USDT_Perp | +0.0582% | 8h | 1,051.5 | −0.009% | $83K | $1.3M | 10x | as long as short |
Lighter MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Paradex MU-USD-PERP
Nado MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
OKX MU-USDT-SWAP
Aevo MU-PERP
Bullet MU-USD
Coinbase International MU-PERP-INTX
Bybit MUUSDT
tradeXYZ xyz:MU
Arcus MU-USD
Variational Omni MU
Aster MUUSD1
Binance MUUSDT
Extended MU_24_5-USD
RISEx MU/USDC
BloFin MU-USDT
Bitget MUUSDT
GRVT MU_USDT_Perp