Spread before costs (cost unknown: a leg has no order-book sample)+0.401%
7d average+0.136%if it closes, per $10,000$40funding while held, a day−$4.62
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MU | 1,043.4 | 0.0154 | pay 0.0019% / 1h | 28m 00s | $529K | $190K | 15x |
| Short | SunX MU-USDT | 1,047.6 | 0 | get 0.0000% / 8h | 28m 00s | $11K | $6.3M | 10x |
Phoenix MU
SunX MU-USDTPrice 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
- $40.06
- Funding while held
- −$4.62
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 5 bp × 2 orders
- −$10
- Net
- $18.44
- Spread needed to break even
- 0.170%
Slippage unknown: Phoenix: live order book, 21 min ago; SunX: live order book, 7 min ago. Net counts fees only.
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phoenix live order book, 21 min ago | 2.88 bp | 11.3 bp −$11 | 24.3 bp −$243 | doesn't fit | doesn't fit |
| Sell SunX live order book, 7 min ago | 21.61 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
MU price on every exchange
against the cheapest. Click to use as the short leg.Aftermath Perps1,043.2cheapest
Phoenix1,043.4+0.019%
Variational Omni1,043.7+0.050%edgeX1,044.3+0.108%Coinbase International1,044.6+0.136%Nado1,044.9+0.167%StandX1,045.1+0.181%ApeX Omni1,045.5+0.220%Ondo Perps1,046+0.266%BloFin1,046.1+0.274%Aevo1,046.2+0.285%Extended1,046.2+0.286%Arcus1,046.3+0.300%HTX1,046.4+0.306%Lighter RH1,046.4+0.309%SoDEX1,046.5+0.311%Lighter1,046.5+0.314%Deribit1,046.5+0.317%Orderly1,046.6+0.327%KuCoin1,046.7+0.334%Polymarket Perps1,046.8+0.345%Bullet1,046.8+0.346%Pacifica1,046.9+0.350%QFEX1,046.9+0.351%Gate1,046.9+0.355%tradeXYZ1,047+0.364%Paradex1,047+0.364%Vest1,047+0.366%OKX1,047.1+0.375%Aster1,047.1+0.377%Binance1,047.2+0.383%RISEx1,047.4+0.399%Bybit1,047.4+0.404%
Variational Omni
Coinbase International
Nado
StandX
ApeX Omni
Ondo Perps
BloFin
Aevo
Extended
Arcus
HTX
Lighter RH
SoDEX
Lighter
Deribit
Orderly
KuCoin
Polymarket Perps
Bullet
Pacifica
QFEX
Gate
tradeXYZ
Paradex
Vest
OKX
Aster
Binance
RISEx
BybitSunX1,047.6+0.420%
Bitget1,047.6+0.421%Injective1,050.7+0.720%
Bitget
InjectiveMU on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aftermath Perps MUUSD | −0.019% | +0.0217% | 1h | $3K | $43K | 10x | as long as short |
| Phoenix MUlong | 0.000% | +0.0154% | 1h | $529K | $190K | 15x | |
| Variational Omni MU | +0.031% | +0.0033% | 8h | $2.7M | $2.7M | — | as long as short |
| edgeX MUUSDC | +0.089% | +0.0538% | 4h | $1.3M | $670K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.117% | +0.0184% | 1h | $802K | $1.7M | 10x | as long as short |
| Nado MU-PERP | +0.148% | +0.0141% | 1h | $283K | $731K | 10x | as long as short |
| StandX MU-USD | +0.162% | 0.0000% | 1h | $189K | $1.8M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.201% | +0.0100% | 1h | $71K | $268K | 50x | as long as short |
| Ondo Perps MU-USD.P | +0.247% | +0.0050% | 1h | $2.0M | $2.5M | 10x | as long as short |
| BloFin MU-USDT | +0.255% | +0.0172% | 8h | $1.5M | $1.4M | 20x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo MU-PERP | +0.266% | +0.0096% | 1h | $33K | — | 10x | as long as short |
| Extended MU_24_5-USD | +0.267% | +0.0032% | 1h | $525K | $991K | 10x | as long as short |
| Arcus MU-USD | +0.281% | +0.0040% | 1h | $73K | $191K | 10x | as long as short |
| HTX MU-USDT | +0.288% | 0.0000% | 8h | $130K | $439K | 50x | as long as short |
| Lighter RH MU | +0.290% | +0.0032% | 1h | $1.1M | $4.1M | 10x | as long as short |
| SoDEX MU-USD | +0.292% | +0.0050% | 1h | $691K | $12K | 10x | as long as short |
| Lighter MU | +0.295% | +0.0032% | 1h | $994K | $4.5M | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.298% | 0.0000% | 1h | $55K | $86K | 10x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.309% | +0.0100% | 8h | $832 | $799 | 20x | as long as short |
| KuCoin MUUSDTM | +0.315% | +0.0100% | 8h | $5.2M | $3.6M | 20x | as long as short |
| Polymarket Perps MU-USD | +0.326% | +0.0050% | 1h | $167K | $159K | 10x | as long as short |
| Bullet MU-USD | +0.327% | +0.0055% | 1h | $25K | $398K | 10x | as long as short |
| Pacifica MU | +0.331% | +0.0100% | 1h | $157K | $100K | 10x | as long as short |
| QFEX MU-USD | +0.332% | +0.0045% | 1h | $7.9M | $22.5M | 10x | as long as short |
| Gate MU_USDT | +0.336% | 0.0000% | 8h | $66.5M | $24.3M | 75x | as long as short |
| tradeXYZ xyz:MU | +0.345% | +0.0050% | 1h | $178.3M | $93.9M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.345% | +0.0060% | 8h | $2K | — | 5x | as long as short |
| Vest MU-USD-PERP | +0.347% | +0.0046% | 1h | — | $158K | 25x | as long as short |
| OKX MU-USDT-SWAP | +0.357% | 0.0000% | 8h | $30.9M | $91.2M | 50x | as long as short |
| Aster MUUSD1 | +0.358% | 0.0000% | 8h | $21.5M | $9.7M | 20x | as long as short |
| Binance MUUSDT | +0.364% | +0.0052% | 8h | $130.3M | $444.5M | 50x | as long as short |
| RISEx MU/USDC | +0.380% | +0.0173% | 1h | $284K | $326K | 20x | as long as short |
| Bybit MUUSDT | +0.385% | 0.0000% | 8h | $18.5M | $28.6M | 100x | as long as short |
| SunX MU-USDTshort | +0.401% | 0.0000% | 8h | $11K | $6.3M | 10x | |
| Bitget MUUSDT | +0.403% | +0.0107% | 8h | $20.3M | $37.0M | 50x | as long as short |
| Injective MU/USDC PERP | +0.701% | +0.0033% | 1h | $14K | $143K | 12x | as long as short |