Funding you earn now, next payment 23:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h −0.048%
Price spread now: Arcus against Phoenix−0.060%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$380.379% of the position
Funding, last 3 days (all we have)+0.062%+$6 on $10k
+Price spread, last 3 days (all we have)+0.097%+$10 · spread now −0.060%, 7d avg −0.049%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MU | 1,046.4 | 0.0460 | pay 0.0057% / 1h | 38m 52s | $535K | $306K | 15x |
| Short | Arcus MU-USD | 1,045.8 | 0.0462 | get 0.0058% / 1h | 38m 52s | $74K | $240K | 10x |
Phoenix MU
Arcus MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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
- $0.4
- Price spread: −0.060% → −0.049%
- −$1.12
- Slippage, 4 orders
- −$26.44
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$38.67
- Costs to cover
- 0.379%
- Break-even
- 689.2 days
Slippage from Phoenix: live order book, 39 min ago; Arcus: live order book, 39 min ago.
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, 39 min ago | 3.83 bp | 13.1 bp −$13 | 28.0 bp −$280 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 39 min ago | 2.54 bp | 7.0 bp −$7 | 7.3 bp −$73 | doesn't fit | doesn't fit |
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 | −0.0600% | 4h | 1,046 | −0.035% | $1.3M | $672K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,045.8 | −0.054% | $63.0M | $29.0M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,045.5 | −0.086% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,048 | +0.153% | $11K | $6.5M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,045.8 | −0.062% | $124K | $444K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,045.9 | −0.052% | $1.2M | $4.2M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.412% | $14K | $302 | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0034% | 1h | 1,045.7 | −0.071% | $3K | $45K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,046.2 | −0.015% | — | $194K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,045.9 | −0.048% | $166K | $197K | 10x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
Vest MU-USD-PERP
Polymarket Perps MU-USDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MU-USD | +0.0050% | 1h | 1,045.9 | −0.053% | $686K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,045.2 | −0.117% | $2.0M | $2.7M | 10x | as long as short |
| QFEX MU-USD | +0.0080% | 1h | 1,046 | −0.040% | $7.9M | $23.9M | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0082% | 8h | 1,045.8 | −0.056% | $30.8M | $105.3M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,046.1 | −0.033% | $153K | $182K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,045.6 | −0.079% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,045.6 | −0.076% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,046 | −0.038% | $832 | $799 | 20x | as long as short |
| Bitget MUUSDT | +0.0136% | 8h | 1,045.8 | −0.062% | $20.5M | $43.6M | 50x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,045.9 | −0.049% | $33K | — | 10x | as long as short |
| Lighter MU | +0.0144% | 1h | 1,045.8 | −0.057% | $1.0M | $4.8M | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0146% | 8h | 1,046.1 | −0.024% | $2K | — | 5x | as long as short |
| Aster MUUSD1 | +0.0174% | 8h | 1,046.6 | +0.018% | $21.6M | $47.3M | 20x | as long as short |
| Variational Omni MU | +0.0202% | 8h | 1,046.1 | −0.031% | $2.6M | $2.5M | — | as long as short |
| Bullet MU-USD | +0.0208% | 1h | 1,046 | −0.038% | $24K | $395K | 10x | as long as short |
| Binance MUUSDT | +0.0213% | 8h | 1,045.8 | −0.054% | $124.9M | $533.1M | 50x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0224% | 1h | 1,045.5 | −0.089% | $757K | $1.3M | 10x | as long as short |
| Nado MU-PERP | +0.0231% | 1h | 1,045.4 | −0.092% | $270K | $877K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0255% | 8h | 1,046.3 | −0.007% | $82K | $1.4M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0278% | 1h | 1,045.9 | −0.048% | $176.7M | $105.0M | 10x | as long as short |
| Bybit MUUSDT | +0.0285% | 8h | 1,046.3 | −0.013% | $19.2M | $32.6M | 100x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0286% | 1h | 1,045.9 | −0.047% | $62K | $261K | 10x | as long as short |
| BloFin MU-USDT | +0.0333% | 8h | 1,046.1 | −0.025% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MUlong | +0.0460% | 1h | 1,046.4 | long leg | $535K | $306K | 15x | |
| Arcus MU-USDshort | +0.0462% | 1h | 1,045.8 | −0.060% | $74K | $240K | 10x | |
| RISEx MU/USDC | +0.0525% | 1h | 1,046.4 | 0.000% | $317K | $339K | 20x | as long as short |
| Extended MU_24_5-USD | +0.0664% | 1h | 1,045.2 | −0.112% | $540K | $1.1M | 10x | as long as short |
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Bitget MUUSDT
Aevo MU-PERP
Lighter MU
Paradex MU-USD-PERP
Aster MUUSD1
Variational Omni MU
Bullet MU-USD
Binance MUUSDT
Coinbase International MU-PERP-INTX
Nado MU-PERP
GRVT MU_USDT_Perp
tradeXYZ xyz:MU
Bybit MUUSDT
Deribit MU_USDC-PERPETUAL
BloFin MU-USDT
RISEx MU/USDC
Extended MU_24_5-USD