MU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0185%/8h= −20.3% APRnext payment −$0.23 per $10,000 · paid last 24h −0.022%

Price spread now: QFEX against Arcus+0.090%7-day average +0.028% · 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−$19as in the Price arb table

costs, in and out, $10k−$250.252% of the position

Long on Arcus Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.121%−$12 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.090%, 7d avg +0.028%

Together, before fees−0.183%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.062% dearer against Arcus than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of +0.028%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MU-USD	1,048.8	0.0240	pay 0.0030% / 1h	32m 15s	$71K	$243K	10x
Short	QFEX MU-USD	1,049.8	0.0054	get 0.0007% / 1h	32m 15s	$7.8M	$22.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Arcus. 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 ArcusbpFee QFEXbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$38.94
Price spread: +0.090% → +0.028%: $6.2
Slippage, 4 orders: −$10.65
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$57.89
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from Arcus: live order book, 41 min ago; QFEX: live order book, 7 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 Arcus live order book, 41 min ago	2.49 bp	5.9 bp −$6	7.9 bp −$79	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	0.43 bp	6.2 bp −$6	7.1 bp −$71	11.3 bp −$1,128	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	−0.0111%	4h	1,049.2	+0.040%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.6	+0.075%	$62.8M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,047.7	−0.112%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.2	+0.224%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048	−0.076%	$129K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,049.1	+0.031%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,049.2	+0.035%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.1	+0.029%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.242%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.1	+0.117%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,049.5	+0.065%	$170K	$202K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.1	−0.073%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USDshort	+0.0054%	1h	1,049.8	+0.090%	$7.8M	$22.6M	10x
Nado MU-PERP	+0.0077%	1h	1,048.5	−0.027%	$275K	$858K	10x	as long as short
SoDEX MU-USD	+0.0079%	1h	1,049.1	+0.028%	$688K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0091%	8h	1,049.7	+0.089%	$2K	—	5x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0093%	1h	1,049.5	+0.061%	$64K	$301K	10x	as long as short
OKX MU-USDT-SWAP	+0.0097%	8h	1,049.8	+0.095%	$30.9M	$102.0M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,049.6	+0.074%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.4	+0.051%	$5.3M	$3.6M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.8	+0.097%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.7	+0.080%	$834	$799	20x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,049.5	+0.064%	$32K	$1K	10x	as long as short
Bybit MUUSDT	+0.0160%	8h	1,050	+0.110%	$19.1M	$32.5M	100x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	−0.044%	$759K	$1.2M	10x	as long as short
Variational Omni MU	+0.0210%	8h	1,049.5	+0.065%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0214%	8h	1,049.3	+0.043%	$21.6M	$48.3M	20x	as long as short
Binance MUUSDT	+0.0221%	8h	1,049.8	+0.098%	$126.0M	$524.3M	50x	as long as short
Arcus MU-USDlong	+0.0240%	1h	1,048.8	long leg	$71K	$243K	10x
Bullet MU-USD	+0.0251%	1h	1,049.8	+0.093%	$26K	$395K	10x	as long as short
tradeXYZ xyz:MU	+0.0291%	1h	1,049.5	+0.065%	$178.0M	$101.1M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,049.8	+0.093%	$316K	$339K	20x	as long as short
Bitget MUUSDT	+0.0327%	8h	1,049.7	+0.086%	$20.6M	$41.6M	50x	as long as short
BloFin MU-USDT	+0.0340%	8h	1,048.5	−0.033%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0383%	1h	1,048.3	−0.050%	$536K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0424%	1h	1,049	+0.019%	$566K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0570%	8h	1,048.5	−0.030%	$83K	$1.3M	10x	as long as short