data as of
Settings8H · net · $10k
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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−$25
spread now+0.119%7d average−0.007%fees + slippage, in and out−$38spread needed0.375%
Long on PhoenixShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix MU1,039.90.0154pay 0.0019% / 1h55m 23s$527K$192K15x
ShortBybit MUUSDT1,041.10get 0.0000% / 8h5h 55m$18.0M$29.7M100x

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
$11.92
Funding while held
−$4.62
Slippage, 4 orders
−$19.5
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$30.19
Spread needed to break even
0.375%
Slippage from Phoenix: live order book, 44 min ago; Bybit: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
−0.0154%
Per $10,000 a day
−$4.62
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 Phoenix live order book, 44 min ago2.88 bp11.3 bp −$1124.2 bp −$242doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago0.67 bp7.6 bp −$811.0 bp −$11018.7 bp −$1,872doesn't fit

MU price on every exchange

against the cheapest. Click to use as the short leg.
Phoenix1,039.9cheapest
Aftermath Perps1,040.3+0.038%edgeX1,040.4+0.045%Ondo Perps1,040.4+0.048%BloFin1,040.5+0.055%Arcus1,040.5+0.056%Nado1,040.5+0.059%tradeXYZ1,040.6+0.067%ApeX Omni1,040.7+0.073%Bullet1,040.7+0.077%Variational Omni1,040.9+0.094%Polymarket Perps1,040.9+0.096%Bitget1,041+0.103%OKX1,041+0.108%KuCoin1,041+0.108%Extended1,041+0.110%
Bybit1,041.1+0.119%
StandX1,041.2+0.124%HTX1,041.2+0.124%Binance1,041.2+0.125%Aevo1,041.2+0.127%Gate1,041.3+0.132%Orderly1,041.3+0.133%Coinbase International1,041.3+0.135%Lighter RH1,041.4+0.141%Pacifica1,041.4+0.141%Vest1,041.4+0.141%SoDEX1,041.4+0.143%QFEX1,041.4+0.147%Aster1,041.5+0.152%RISEx1,041.5+0.155%Deribit1,041.5+0.156%Lighter1,041.6+0.159%Paradex1,041.7+0.173%SunX1,042.9+0.287%Injective1,050.7+1.040%

MU on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix MUlong0.000%+0.0154%1h$527K$192K15x
Aftermath Perps MUUSD+0.038%+0.0156%1h$3K$44K10xas long as short
edgeX MUUSDC+0.045%+0.0682%4h$1.3M$670K10xas long as short
Ondo Perps MU-USD.P+0.048%+0.0050%1h$1.9M$2.5M10xas long as short
BloFin MU-USDT+0.055%+0.0120%8h$1.5M$1.8M20xas long as short
Arcus MU-USD+0.056%+0.0040%1h$63K$235K10xas long as short
Nado MU-PERP+0.059%+0.0072%1h$334K$780K10xas long as short
tradeXYZ xyz:MU+0.067%+0.0050%1h$177.7M$96.0M10xas long as short
ApeX Omni MUUSDT+0.073%+0.0100%1h$71K$267K50xas long as short
Bullet MU-USD+0.077%0.0000%1h$23K$399K10xas long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni MU+0.094%0.0000%8h$2.7M$2.7M—as long as short
Polymarket Perps MU-USD+0.096%+0.0050%1h$164K$158K10xas long as short
Bitget MUUSDT+0.103%+0.0030%8h$20.1M$40.0M50xas long as short
OKX MU-USDT-SWAP+0.108%0.0000%8h$31.0M$97.2M50xas long as short
KuCoin MUUSDTM+0.108%+0.0100%8h$5.2M$3.8M20xas long as short
Extended MU_24_5-USD+0.110%+0.0032%1h$523K$1.0M10xas long as short
Bybit MUUSDTshort+0.119%0.0000%8h$18.0M$29.7M100x
StandX MU-USD+0.124%0.0000%1h$188K$2.7M20xas long as short
HTX MU-USDT+0.124%0.0000%8h$126K$444K50xas long as short
Binance MUUSDT+0.125%0.0000%8h$126.5M$496.5M50xas long as short
Aevo MU-PERP+0.127%+0.0080%1h$33K—10xas long as short
Gate MU_USDT+0.132%0.0000%8h$64.8M$26.6M75xas long as short
Orderly PERP_MU_USDC_mythos+0.133%+0.0100%8h$828$79920xas long as short
Coinbase International MU-PERP-INTX+0.135%+0.0144%1h$780K$1.7M10xas long as short
Lighter RH MU+0.141%+0.0032%1h$1.0M$4.2M10xas long as short
Pacifica MU+0.141%+0.0100%1h$147K$158K10xas long as short
Vest MU-USD-PERP+0.141%+0.0046%1h—$175K25xas long as short
SoDEX MU-USD+0.143%+0.0050%1h$683K$16K10xas long as short
QFEX MU-USD+0.147%+0.0031%1h$7.8M$22.9M10xas long as short
Aster MUUSD1+0.152%0.0000%8h$21.4M$23.9M20xas long as short
RISEx MU/USDC+0.155%0.0000%1h$284K$330K20xas long as short
Deribit MU_USDC-PERPETUAL+0.156%0.0000%1h$54K$127K10xas long as short
Lighter MU+0.159%+0.0040%1h$982K$4.6M20xas long as short
Paradex MU-USD-PERP+0.173%+0.0051%8h$2K—5xas long as short
SunX MU-USDT+0.287%0.0000%8h$11K$6.7M10xas long as short
Injective MU/USDC PERP+1.040%+0.0033%1h$14K$30212xas long as short