MU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h −0.015%

Price spread now: QFEX against ApeX Omni+0.031%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on ApeX Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.059%−$6 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.031%, 7d avg −0.014%

Together, before fees−0.005%−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.045% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.014%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MUUSDT	1,051.8	0.0100	pay 0.0013% / 1h	5m 18s	$71K	$269K	50x
Short	QFEX MU-USD	1,052.2	0.0030	get 0.0004% / 1h	5m 18s	$7.2M	$18.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against ApeX Omni. 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 ApeX OmnibpFee QFEXbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$14.77
Price spread: +0.031% → −0.014%: $4.53
Slippage, 4 orders: −$25.85
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$56.09
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 57 min ago; QFEX: live order book, 4 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 ApeX Omni live order book, 57 min ago	6.23 bp	17.0 bp −$17	175.3 bp −$1,753	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.19 bp	6.2 bp −$6	6.6 bp −$66	10.5 bp −$1,047	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	−0.0138%	4h	1,052.3	+0.043%	$1.3M	$672K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.6	+0.071%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.3	+0.046%	$62.0M	$27.6M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.3	+0.047%	$78K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,052	+0.016%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.2	+0.227%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.1	+0.027%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0010%	8h	1,052.7	+0.087%	$19.2M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	+0.0016%	8h	1,052.5	+0.061%	$31.1M	$99.9M	50x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,051.9	+0.008%	$3K	$44K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MU-USDshort	+0.0030%	1h	1,052.2	+0.031%	$7.2M	$18.1M	10x
Lighter RH MU	+0.0032%	1h	1,052.3	+0.048%	$1.3M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.045%	$19K	$5K	12x	as long as short
Aster MUUSD1	+0.0036%	8h	1,052.4	+0.051%	$21.4M	$55.0M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.9	+0.002%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.5	+0.155%	—	$175K	25x	as long as short
Nado MU-PERP	+0.0048%	1h	1,051.9	+0.010%	$282K	$844K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.2	+0.035%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.2	+0.033%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.5	−0.029%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,052.5	+0.068%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.4	+0.054%	$1.1M	$5.1M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0064%	1h	1,052.2	+0.039%	$69K	$391K	10x	as long as short
tradeXYZ xyz:MU	+0.0064%	1h	1,052.3	+0.045%	$178.6M	$98.9M	10x	as long as short
Bullet MU-USD	+0.0065%	1h	1,052.5	+0.060%	$26K	$398K	10x	as long as short
Variational Omni MU	+0.0071%	8h	1,052.2	+0.034%	$2.7M	$2.4M	—	as long as short
Extended MU_24_5-USD	+0.0072%	1h	1,051.8	−0.001%	$564K	$1.1M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,051.9	+0.010%	$758K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.5	+0.059%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.1	+0.029%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDTlong	+0.0100%	1h	1,051.8	long leg	$71K	$269K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.3	+0.048%	$837	$799	20x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,052.1	+0.024%	$32K	$1K	10x	as long as short
Binance MUUSDT	+0.0104%	8h	1,052.5	+0.066%	$126.7M	$517.8M	50x	as long as short
Bitget MUUSDT	+0.0135%	8h	1,052.4	+0.055%	$20.6M	$41.0M	50x	as long as short
BloFin MU-USDT	+0.0227%	8h	1,052.2	+0.034%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0229%	1h	1,052.5	+0.064%	$538K	$271K	15x	as long as short