MU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h −0.025%

Price spread now: QFEX against Deribit−0.011%7-day average +0.009% · you buy dearer than you sell

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−$390.391% of the position

Long on Deribit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.035%−$3 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.011%, 7d avg +0.009%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MU_USDC-PERPETUAL	1,038.1	0	get 0.0000% / 1h	18m 50s	$74K	$616K	10x
Short	QFEX MU-USD	1,038	0.0021	get 0.0003% / 1h	18m 50s	$7.0M	$18.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Deribit. 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 DeribitbpFee QFEXbpOrdersPrice spread, now −0.011%Rate

Funding earned: $4.38
Price spread: −0.011% → +0.009%: −$1.94
Slippage, 4 orders: −$22.14
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$36.69
Costs to cover: 0.391%
Break-even: 65.6 days

Slippage from Deribit: live order book, 20 min ago; QFEX: 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 Deribit live order book, 20 min ago	3.76 bp	16.3 bp −$16	20.5 bp −$205	doesn't fit	doesn't fit
Sell QFEX live order book, 10 min ago	1.50 bp	6.6 bp −$7	7.8 bp −$78	12.3 bp −$1,230	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	−0.0298%	4h	1,036.5	−0.159%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0182%	8h	1,038.3	+0.020%	$20.2M	$40.1M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.2	+0.005%	$21.2M	$66.3M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038	−0.009%	$122.3M	$538.5M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038	−0.013%	$18.8M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,037.8	−0.032%	$29.8M	$100.2M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.2	+0.011%	$313K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038	−0.015%	$61.5M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.5	−0.057%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038	−0.013%	$71K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,037.9	−0.021%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040	+0.179%	$11K	$5.5M	10x	as long as short
Deribit MU_USDC-PERPETUALlong	0.0000%	1h	1,038.1	long leg	$74K	$616K	10x
HTX MU-USDT	0.0000%	8h	1,037.8	−0.035%	$126K	$480K	50x	as long as short
Bullet MU-USD	+0.0010%	1h	1,038.5	+0.034%	$26K	$389K	10x	as long as short
Nado MU-PERP	+0.0016%	1h	1,038	−0.009%	$280K	$805K	10x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,037	−0.109%	$3K	$44K	10x	as long as short
QFEX MU-USDshort	+0.0021%	1h	1,038	−0.011%	$7.0M	$18.8M	10x
Lighter RH MU	+0.0032%	1h	1,038.1	−0.002%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.5	−0.066%	$545K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.274%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,038.3	+0.019%	$1.0M	$4.9M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.3	−0.085%	$90K	$245K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.2	+0.002%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038	−0.013%	$176.4M	$81.4M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.2	+0.007%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.3	+0.019%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.4	−0.069%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,038	−0.013%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.9	−0.021%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,036.7	−0.139%	$725K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.7	−0.044%	$144K	$192K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.8	−0.031%	$5.2M	$4.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.3	−0.077%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.4	+0.028%	$826	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.3	+0.018%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,037.8	−0.032%	$531K	$270K	15x	as long as short