Spread before costs (cost unknown: a leg has no order-book sample)−0.014%
7d average+0.017%if it closes, per $10,000$1funding while held, a day+$4.62
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MU | 1,045.1 | 0 | get 0.0000% / 8h | 5h 08m | $2.7M | $2.7M | — |
| Short | Phoenix MU | 1,045 | 0.0154 | get 0.0019% / 1h | 8m 55s | $530K | $192K | 15x |
Variational Omni MU
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
- $4.62
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$3.74
- Spread needed to break even
- 0.070%
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Phoenix: live order book, 25 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 Variational Omni RFQ quote, 2 min ago | 1.91 bp | doesn't fit | 5.9 bp −$59 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 25 min ago | 1.91 bp | 9.8 bp −$10 | 20.7 bp −$207 | doesn't fit | doesn't fit |
MU price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps1,044.2cheapestApeX Omni1,044.3+0.012%Nado1,044.3+0.013%StandX1,044.3+0.017%Extended1,044.4+0.023%Arcus1,044.8+0.058%Polymarket Perps1,044.8+0.062%Pacifica1,044.8+0.063%KuCoin1,044.8+0.063%Aevo1,044.8+0.064%Lighter RH1,044.8+0.065%HTX1,044.9+0.069%Gate1,044.9+0.070%edgeX1,044.9+0.071%Coinbase International1,045+0.079%Paradex1,045+0.080%OKX1,045+0.080%Bitget1,045+0.080%tradeXYZ1,045+0.081%
Ondo Perps
ApeX Omni
Nado
StandX
Extended
Arcus
Polymarket Perps
Pacifica
KuCoin
Aevo
Lighter RH
HTX
Gate
Coinbase International
Paradex
OKX
Bitget
tradeXYZPhoenix1,045+0.081%
Aftermath Perps1,045+0.084%QFEX1,045+0.084%SoDEX1,045+0.084%Lighter1,045+0.085%Aster1,045.1+0.086%Deribit1,045.1+0.086%BloFin1,045.1+0.086%Binance1,045.1+0.094%
QFEX
SoDEX
Lighter
Aster
Deribit
BloFin
BinanceVariational Omni1,045.1+0.095%
RISEx1,045.2+0.097%Bullet1,045.2+0.098%Bybit1,045.3+0.105%Orderly1,045.3+0.107%Vest1,045.4+0.116%SunX1,046.5+0.225%Injective1,050.7+0.628%
RISEx
Bullet
Bybit
Orderly
Vest
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 | −0.095% | +0.0050% | 1h | $1.9M | $2.5M | 10x | as long as short |
| ApeX Omni MUUSDT | −0.082% | +0.0100% | 1h | $71K | $267K | 50x | as long as short |
| Nado MU-PERP | −0.082% | +0.0090% | 1h | $335K | $782K | 10x | as long as short |
| StandX MU-USD | −0.078% | 0.0000% | 1h | $189K | $2.8M | 20x | as long as short |
| Extended MU_24_5-USD | −0.072% | +0.0032% | 1h | $523K | $1.0M | 10x | as long as short |
| Arcus MU-USD | −0.037% | +0.0040% | 1h | $63K | $236K | 10x | as long as short |
| Polymarket Perps MU-USD | −0.033% | +0.0050% | 1h | $164K | $159K | 10x | as long as short |
| Pacifica MU | −0.032% | +0.0100% | 1h | $147K | $161K | 10x | as long as short |
| KuCoin MUUSDTM | −0.032% | +0.0100% | 8h | $5.2M | $3.8M | 20x | as long as short |
| Aevo MU-PERP | −0.031% | +0.0080% | 1h | $33K | — | 10x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH MU | −0.030% | +0.0032% | 1h | $1.1M | $4.3M | 10x | as long as short |
| HTX MU-USDT | −0.026% | 0.0000% | 8h | $125K | $444K | 50x | as long as short |
| Gate MU_USDT | −0.025% | 0.0000% | 8h | $64.0M | $27.4M | 75x | as long as short |
| edgeX MUUSDC | −0.024% | +0.0405% | 4h | $1.3M | $670K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | −0.016% | +0.0144% | 1h | $783K | $1.7M | 10x | as long as short |
| Paradex MU-USD-PERP | −0.015% | +0.0051% | 8h | $2K | — | 5x | as long as short |
| OKX MU-USDT-SWAP | −0.015% | 0.0000% | 8h | $31.1M | $98.9M | 50x | as long as short |
| Bitget MUUSDT | −0.015% | +0.0020% | 8h | $20.1M | $40.3M | 50x | as long as short |
| tradeXYZ xyz:MU | −0.014% | +0.0065% | 1h | $178.2M | $97.2M | 10x | as long as short |
| Phoenix MUshort | −0.014% | +0.0154% | 1h | $530K | $192K | 15x | |
| Aftermath Perps MUUSD | −0.011% | +0.0161% | 1h | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | −0.011% | +0.0031% | 1h | $7.9M | $23.1M | 10x | as long as short |
| SoDEX MU-USD | −0.011% | +0.0050% | 1h | $686K | $16K | 10x | as long as short |
| Lighter MU | −0.010% | +0.0040% | 1h | $984K | $4.6M | 20x | as long as short |
| Aster MUUSD1 | −0.009% | 0.0000% | 8h | $21.4M | $26.9M | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | −0.009% | +0.0353% | 1h | $54K | $142K | 10x | as long as short |
| BloFin MU-USDT | −0.009% | +0.0120% | 8h | $1.5M | $1.8M | 20x | as long as short |
| Binance MUUSDT | −0.001% | 0.0000% | 8h | $126.0M | $507.6M | 50x | as long as short |
| Variational Omni MUlong | 0.000% | 0.0000% | 8h | $2.7M | $2.7M | — | |
| RISEx MU/USDC | +0.002% | 0.0000% | 1h | $285K | $329K | 20x | as long as short |
| Bullet MU-USD | +0.003% | 0.0000% | 1h | $25K | $398K | 10x | as long as short |
| Bybit MUUSDT | +0.010% | 0.0000% | 8h | $18.0M | $30.0M | 100x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.012% | +0.0100% | 8h | $831 | $799 | 20x | as long as short |
| Vest MU-USD-PERP | +0.021% | +0.0046% | 1h | — | $175K | 25x | as long as short |
| SunX MU-USDT | +0.130% | 0.0000% | 8h | $11K | $6.7M | 10x | as long as short |
| Injective MU/USDC PERP | +0.533% | +0.0033% | 1h | $14K | $302 | 12x | as long as short |