MU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0383%/8h= +41.9% APRnext payment +$0.48 per $10,000 · paid last 24h +0.085%

Price spread now: Phoenix against StandX+0.057%57s7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs+$4as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.400% of the position

Long on StandX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.444%+$44 on $10k

Price spread, last 3 days (all we have)−0.032%−$3 · spread now +0.057%, 7d avg +0.023%

Together, before fees+0.412%+ Points / potential airdropStandX: Active · farm board+$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.035% dearer against StandX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.023%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX MU-USD	1,050.3	0	get 0.0000% / 1h	57m 47s	$190K	$3.3M	20x
Short	Phoenix MU	1,050.9	0.0383	get 0.0048% / 1h	57m 47s	$538K	$273K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against StandX. 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 StandXbpFee PhoenixbpOrdersPrice spread, now +0.057%Rate

Funding earned: $80.34
Price spread: +0.057% → +0.023%: $3.46
Slippage, 4 orders: −$25.04
Fee StandX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $43.76
Costs to cover: 0.400%
Break-even: 3.2 days

Slippage from StandX: live order book, 1 min ago; Phoenix: live order book, 10 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 StandX live order book, 1 min ago	3.00 bp	8.3 bp −$8	14.7 bp −$147	doesn't fit	doesn't fit
Sell Phoenix live order book, 10 min ago	3.80 bp	12.1 bp −$12	26.4 bp −$264	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	−0.0387%	4h	1,050.6	+0.030%	$1.3M	$672K	10x	as long as short
Nado MU-PERP	−0.0020%	1h	1,049.5	−0.080%	$271K	$859K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.3	−0.097%	$62.4M	$27.3M	75x	as long as short
StandX MU-USDlong	0.0000%	1h	1,050.3	long leg	$190K	$3.3M	20x
Bullet MU-USD	0.0000%	1h	1,049.6	−0.067%	$26K	$397K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.4	+0.007%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.1	−0.114%	$65K	$315K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.4	−0.084%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.2	−0.007%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,049.2	−0.103%	$1.1M	$4.8M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,049.3	−0.093%	$1.2M	$4.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,049.6	−0.065%	$7.6M	$20.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.4	+0.009%	$71K	$242K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.8	+0.044%	—	$179K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049.1	−0.114%	$178.1M	$100.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.3	−0.095%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.4	−0.084%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.1	−0.117%	$1.9M	$2.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0079%	8h	1,049.5	−0.072%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0098%	8h	1,049.2	−0.101%	$30.9M	$101.4M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,049.8	−0.045%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.3	−0.091%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.5	+0.021%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.6	−0.066%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.101%	$19K	$5K	12x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,049.6	−0.069%	$761K	$1.2M	10x	as long as short
Bybit MUUSDT	+0.0129%	8h	1,049.5	−0.076%	$19.3M	$32.6M	100x	as long as short
Aevo MU-PERP	+0.0152%	1h	1,049.1	−0.111%	$32K	$1K	10x	as long as short
Extended MU_24_5-USD	+0.0200%	1h	1,048.8	−0.142%	$563K	$1.2M	10x	as long as short
Variational Omni MU	+0.0260%	8h	1,050.4	+0.006%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0265%	8h	1,050	−0.029%	$21.6M	$48.9M	20x	as long as short
Binance MUUSDT	+0.0269%	8h	1,049.4	−0.088%	$125.9M	$523.0M	50x	as long as short
Phoenix MUshort	+0.0383%	1h	1,050.9	+0.057%	$538K	$273K	15x
BloFin MU-USDT	+0.0392%	8h	1,050.4	+0.010%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0401%	8h	1,049.4	−0.087%	$20.5M	$41.6M	50x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,049.7	−0.053%	$316K	$340K	20x	as long as short
GRVT MU_USDT_Perp	+0.0549%	8h	1,050.6	+0.033%	$83K	$1.3M	10x	as long as short