After costs, if the gap returns to its 7d average, $10k−$32
spread now−0.014%7d average−0.021%fees + slippage, in and out−$32spread needed0.323%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MU | 1,040.5 | 0.0230 | pay 0.0029% / 1h | 30m 39s | $527K | $192K | 15x |
| Short | edgeX MUUSDC | 1,040.4 | 0.0861 | get 0.0430% / 4h | 2h 30m | $1.3M | $671K | 10x |
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
- −$1.36
- Funding while held
- $18.91
- Slippage, 4 orders
- −$16.35
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$14.79
- Spread needed to break even
- 0.323%
Slippage from Phoenix: live order book, 9 min ago; edgeX: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0630%
- Per $10,000 a day
- +$18.91
- 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 Phoenix live order book, 9 min ago | 2.88 bp | 11.3 bp −$11 | 24.2 bp −$242 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 5 min ago | 0.29 bp | 4.9 bp −$5 | 6.5 bp −$65 | 27.8 bp −$2,775 | doesn't fit |
MU price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps1,039.4cheapestCoinbase International1,039.4+0.003%Nado1,039.6+0.017%Aftermath Perps1,039.7+0.028%ApeX Omni1,039.7+0.029%Extended1,039.7+0.032%Arcus1,039.8+0.034%Pacifica1,039.8+0.042%Aevo1,039.9+0.042%StandX1,039.9+0.048%HTX1,039.9+0.048%Gate1,039.9+0.049%KuCoin1,039.9+0.049%Variational Omni1,039.9+0.050%Bitget1,040+0.054%Polymarket Perps1,040+0.057%SoDEX1,040+0.057%OKX1,040+0.059%Binance1,040.1+0.064%Deribit1,040.1+0.065%BloFin1,040.1+0.065%Lighter RH1,040.1+0.066%Bullet1,040.1+0.066%RISEx1,040.1+0.069%Lighter1,040.2+0.075%tradeXYZ1,040.2+0.076%QFEX1,040.2+0.080%Bybit1,040.3+0.089%Orderly1,040.4+0.091%Paradex1,040.4+0.092%Aster1,040.4+0.093%Vest1,040.4+0.093%
Ondo Perps
Coinbase International
Nado
ApeX Omni
Extended
Arcus
Pacifica
Aevo
StandX
HTX
Gate
KuCoin
Variational Omni
Bitget
Polymarket Perps
SoDEX
OKX
Binance
Deribit
BloFin
Lighter RH
Bullet
RISEx
Lighter
tradeXYZ
QFEX
Bybit
Orderly
Paradex
Aster
VestPhoenix1,040.5+0.105%
SunX1,041.3+0.186%Injective1,050.7+1.087%
SunX
InjectiveMU on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps MU-USD.P | −0.105% | +0.0050% | 1h | $1.9M | $2.5M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | −0.102% | +0.0136% | 1h | $778K | $1.7M | 10x | as long as short |
| Nado MU-PERP | −0.088% | +0.0047% | 1h | $333K | $779K | 10x | as long as short |
| Aftermath Perps MUUSD | −0.077% | +0.0159% | 1h | $3K | $44K | 10x | as long as short |
| ApeX Omni MUUSDT | −0.076% | +0.0100% | 1h | $71K | $268K | 50x | as long as short |
| Extended MU_24_5-USD | −0.072% | +0.0032% | 1h | $525K | $1.0M | 10x | as long as short |
| Arcus MU-USD | −0.071% | +0.0153% | 1h | $60K | $232K | 10x | as long as short |
| Pacifica MU | −0.063% | +0.0100% | 1h | $146K | $154K | 10x | as long as short |
| Aevo MU-PERP | −0.062% | +0.0080% | 1h | $33K | — | 10x | as long as short |
| StandX MU-USD | −0.057% | 0.0000% | 1h | $188K | $2.6M | 20x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX MU-USDT | −0.057% | 0.0000% | 8h | $126K | $444K | 50x | as long as short |
| Gate MU_USDT | −0.056% | 0.0000% | 8h | $64.5M | $26.1M | 75x | as long as short |
| KuCoin MUUSDTM | −0.056% | +0.0100% | 8h | $5.2M | $3.8M | 20x | as long as short |
| Variational Omni MU | −0.055% | 0.0000% | 8h | $2.7M | $2.6M | — | as long as short |
| Bitget MUUSDT | −0.051% | +0.0046% | 8h | $20.0M | $39.3M | 50x | as long as short |
| Polymarket Perps MU-USD | −0.048% | +0.0050% | 1h | $164K | $159K | 10x | as long as short |
| SoDEX MU-USD | −0.048% | +0.0050% | 1h | $683K | $16K | 10x | as long as short |
| OKX MU-USDT-SWAP | −0.046% | 0.0000% | 8h | $30.9M | $96.3M | 50x | as long as short |
| Binance MUUSDT | −0.041% | 0.0000% | 8h | $126.9M | $488.9M | 50x | as long as short |
| Deribit MU_USDC-PERPETUAL | −0.039% | +0.0019% | 1h | $54K | $108K | 10x | as long as short |
| BloFin MU-USDT | −0.039% | +0.0120% | 8h | $1.5M | $1.7M | 20x | as long as short |
| Lighter RH MU | −0.038% | +0.0032% | 1h | $1.0M | $4.3M | 10x | as long as short |
| Bullet MU-USD | −0.038% | 0.0000% | 1h | $25K | $401K | 10x | as long as short |
| RISEx MU/USDC | −0.036% | +0.0044% | 1h | $284K | $330K | 20x | as long as short |
| Lighter MU | −0.030% | +0.0032% | 1h | $984K | $4.6M | 20x | as long as short |
| tradeXYZ xyz:MU | −0.029% | +0.0050% | 1h | $177.6M | $95.7M | 10x | as long as short |
| QFEX MU-USD | −0.025% | +0.0034% | 1h | $7.8M | $22.8M | 10x | as long as short |
| Bybit MUUSDT | −0.016% | 0.0000% | 8h | $18.0M | $29.4M | 100x | as long as short |
| edgeX MUUSDCshort | −0.014% | +0.0861% | 4h | $1.3M | $671K | 10x | |
| Orderly PERP_MU_USDC_mythos | −0.013% | +0.0100% | 8h | $827 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | −0.013% | +0.0052% | 8h | $2K | — | 5x | as long as short |
| Aster MUUSD1 | −0.012% | 0.0000% | 8h | $21.4M | $24.3M | 20x | as long as short |
| Vest MU-USD-PERP | −0.012% | +0.0046% | 1h | — | $175K | 25x | as long as short |
| Phoenix MUlong | 0.000% | +0.0230% | 1h | $527K | $192K | 15x | |
| SunX MU-USDT | +0.081% | 0.0000% | 8h | $11K | $6.6M | 10x | as long as short |
| Injective MU/USDC PERP | +0.981% | +0.0033% | 1h | $14K | $62K | 12x | as long as short |