MU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0195%/8h= −21.4% APRnext payment −$0.24 per $10,000 · paid last 24h −0.077%

Price spread now: Injective against Phoenix+0.072%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.436%−$44 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.072% dearer against Phoenix than usual: you sell high and buy low (spread +0.072% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MU	1,050.6	0.0229	pay 0.0029% / 1h	26m 48s	$537K	$271K	15x
Short	Injective MU/USDC PERP	1,051.4	0.0033	get 0.0004% / 1h	26m 48s	$19K	$5K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee InjectivebpOrdersPrice spread, now +0.072%Rate

Funding earned: −$41.02
Price spread: +0.072% → 0.000%: $7.23
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$40.8
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Phoenix: live order book, 36 min ago; Injective: 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, 36 min ago	2.85 bp	10.7 bp −$11	22.6 bp −$226	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0521%	4h	1,050.6	−0.003%	$1.3M	$670K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.4	−0.020%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.3	−0.025%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050	−0.059%	$62.0M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.6	+0.003%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.2	−0.034%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.9	+0.119%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.9	−0.070%	$67K	$374K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050	−0.061%	$129K	$429K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050.1	−0.051%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MU-USDT-SWAP	+0.0022%	8h	1,050.3	−0.033%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,049.9	−0.067%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050	−0.058%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERPshort	+0.0033%	1h	1,051.4	+0.072%	$19K	$5K	12x
Extended MU_24_5-USD	+0.0040%	1h	1,049.5	−0.105%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.2	−0.040%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051	+0.042%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,050.2	−0.040%	$1.1M	$4.9M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.8	−0.076%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050	−0.061%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.8	−0.073%	$1.9M	$2.3M	10x	as long as short
Nado MU-PERP	+0.0055%	1h	1,049.9	−0.070%	$282K	$848K	10x	as long as short
Paradex MU-USD-PERP	+0.0056%	8h	1,050.1	−0.044%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0059%	1h	1,049.8	−0.076%	$178.0M	$99.2M	10x	as long as short
Aster MUUSD1	+0.0068%	8h	1,050.3	−0.030%	$21.4M	$52.6M	20x	as long as short
Bullet MU-USD	+0.0071%	1h	1,050.1	−0.048%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.063%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.1	−0.050%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050	−0.053%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.019%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050	−0.056%	$835	$799	20x	as long as short
Variational Omni MU	+0.0111%	8h	1,050.9	+0.029%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERP	+0.0112%	1h	1,049.7	−0.083%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0125%	8h	1,050.2	−0.043%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDT	+0.0133%	8h	1,050.2	−0.041%	$126.5M	$518.8M	50x	as long as short
Phoenix MUlong	+0.0229%	1h	1,050.6	long leg	$537K	$271K	15x
BloFin MU-USDT	+0.0253%	8h	1,050.1	−0.045%	$1.5M	$2.0M	20x	as long as short