MU

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0134%/8h= −14.7% APRnext payment −$0.17 per $10,000 · paid last 24h −0.033%

Price spread now: QFEX against Coinbase International+0.256%7-day average +0.022% · 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−$4as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Coinbase International Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.109%−$11 on $10k

Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.256%, 7d avg +0.022%

Together, before fees−0.308%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.234% dearer against Coinbase International than usual: you sell high and buy low (spread +0.256% now, against its 7-day average of +0.022%): +$23 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,037.9	0.0192	pay 0.0024% / 1h	8m 37s	$727K	$1.2M	10x
Short	QFEX MU-USD	1,040.5	0.0058	get 0.0007% / 1h	8m 37s	$7.0M	$19.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Coinbase International. 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 Coinbase InternationalbpFee QFEXbpOrdersPrice spread, now +0.256%Rate

Funding earned: −$28.22
Price spread: +0.256% → +0.022%: $23.45
Slippage, 4 orders: −$7.58
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$32.36
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago	2.93 bp	7.9 bp −$8	14.2 bp −$142	86.5 bp −$8,649	doesn't fit
Sell QFEX live order book, 4 min ago	0.67 bp	5.9 bp −$6	6.0 bp −$60	10.6 bp −$1,063	doesn't fit

MU on 37 exchanges

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	−0.0211%	4h	1,039.9	+0.190%	$1.3M	$694K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,040.7	+0.273%	$21.2M	$73.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,040.7	+0.267%	$122.2M	$555.4M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,040.6	+0.259%	$29.8M	$107.3M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,040.6	+0.262%	$61.5M	$28.2M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,040.7	+0.274%	$19.8M	$43.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,040	+0.204%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,039.6	+0.168%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042.1	+0.405%	$11K	$5.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,039.8	+0.182%	$33K	$729K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,040.3	+0.234%	$119K	$473K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,040.5	+0.255%	$1.2M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.299%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0037%	1h	1,039.7	+0.177%	$3K	$41K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,041.5	+0.353%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040.4	+0.243%	$170K	$163K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.5	+0.254%	$684K	$14K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,039.2	+0.129%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USDshort	+0.0058%	1h	1,040.5	+0.256%	$7.0M	$19.4M	10x
Aevo MU-PERP	+0.0080%	1h	1,040.1	+0.212%	$32K	$1K	10x	as long as short
Paradex MU-USD-PERP	+0.0082%	8h	1,040.6	+0.262%	$2K	—	5x	as long as short
Bybit MUUSDT	+0.0097%	8h	1,040.8	+0.285%	$18.9M	$32.3M	100x	as long as short
Pacifica MU	+0.0100%	1h	1,040.2	+0.220%	$152K	$228K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,040	+0.207%	$5.2M	$6.3M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,040.2	+0.221%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.4	+0.242%	$827	$799	20x	as long as short
RISEx MU/USDC	+0.0118%	1h	1,040.7	+0.274%	$300K	$333K	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.7	+0.269%	$1.5M	$2.7M	20x	as long as short
Arcus MU-USD	+0.0139%	1h	1,040.2	+0.224%	$90K	$160K	10x	as long as short
Nado MU-PERP	+0.0142%	1h	1,040	+0.206%	$276K	$836K	10x	as long as short
GRVT MU_USDT_Perp	+0.0145%	8h	1,040.1	+0.214%	$84K	$1.4M	10x	as long as short
Lighter MU	+0.0176%	1h	1,040.6	+0.262%	$1.0M	$5.0M	20x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0192%	1h	1,037.9	long leg	$727K	$1.2M	10x
tradeXYZ xyz:MU	+0.0230%	1h	1,040.6	+0.262%	$178.0M	$75.0M	10x	as long as short
Bullet MU-USD	+0.0235%	1h	1,040.6	+0.262%	$26K	$383K	10x	as long as short
Extended MU_24_5-USD	+0.0280%	1h	1,039.7	+0.173%	$546K	$1.1M	10x	as long as short
Phoenix MU	+0.0308%	1h	1,040.4	+0.243%	$532K	$159K	15x	as long as short