MU

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0607%/8h= −66.4% APRnext payment −$0.76 per $10,000 · paid last 24h −0.042%

Price spread now: QFEX against Extended+0.091%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−$11as in the Price arb table

costs, in and out, $10k−$180.177% of the position

Long on Extended Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.091%, 7d avg +0.028%

Together, before fees−0.006%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.063% dearer against Extended than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.028%): +$6 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 3 days (−0.013% in total) that is about 16 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.013% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.76 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,041.9	0.0664	pay 0.0083% / 1h	3m 20s	$540K	$1.1M	10x
Short	QFEX MU-USD	1,042.9	0.0057	get 0.0007% / 1h	3m 20s	$7.8M	$24.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Extended. 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 ExtendedbpFee QFEXbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$127.41
Price spread: +0.091% → +0.028%: $6.31
Slippage, 4 orders: −$2.71
Fee Extended: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$138.81
Costs to cover: 0.177%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; QFEX: live order book, 11 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 Extended live order book, 5 min ago	0.10 bp	3.1 bp −$3	10.1 bp −$101	doesn't fit	doesn't fit
Sell QFEX live order book, 11 min ago	0.19 bp	6.0 bp −$6	8.0 bp −$80	12.0 bp −$1,199	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	−0.0192%	4h	1,042.7	+0.077%	$1.3M	$673K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,042.6	+0.070%	$30.7M	$104.3M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,042.6	+0.071%	$62.9M	$29.2M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,042.6	+0.070%	$188K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,044.4	+0.239%	$11K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042.6	+0.063%	$125K	$442K	50x	as long as short
Aster MUUSD1	+0.0004%	8h	1,043.1	+0.116%	$21.5M	$46.4M	20x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,042.6	+0.071%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.6	+0.064%	$1.1M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.846%	$14K	$302	12x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MU-USD-PERP	+0.0046%	1h	1,042.5	+0.057%	—	$193K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,042.5	+0.058%	$165K	$180K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,042.7	+0.072%	$684K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,041.7	−0.018%	$2.0M	$2.6M	10x	as long as short
QFEX MU-USDshort	+0.0057%	1h	1,042.9	+0.091%	$7.8M	$24.1M	10x
Bitget MUUSDT	+0.0074%	8h	1,042.7	+0.072%	$20.4M	$42.9M	50x	as long as short
Variational Omni MU	+0.0087%	8h	1,042.7	+0.077%	$2.7M	$2.7M	—	as long as short
Pacifica MU	+0.0100%	1h	1,042	+0.009%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,042.6	+0.065%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,042.8	+0.085%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,042.8	+0.083%	$829	$799	20x	as long as short
Binance MUUSDT	+0.0111%	8h	1,042.9	+0.094%	$124.7M	$540.4M	50x	as long as short
Paradex MU-USD-PERP	+0.0112%	8h	1,042.7	+0.080%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0112%	1h	1,042.5	+0.056%	$33K	—	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0143%	1h	1,042.6	+0.066%	$60K	$234K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,043.8	+0.184%	$756K	$1.4M	10x	as long as short
GRVT MU_USDT_Perp	+0.0178%	8h	1,042.9	+0.095%	$82K	$1.4M	10x	as long as short
Lighter MU	+0.0184%	1h	1,042.5	+0.058%	$998K	$4.8M	20x	as long as short
Nado MU-PERP	+0.0189%	1h	1,042.5	+0.055%	$307K	$845K	10x	as long as short
Bybit MUUSDT	+0.0190%	8h	1,042.9	+0.091%	$19.1M	$32.5M	100x	as long as short
RISEx MU/USDC	+0.0202%	1h	1,043	+0.105%	$285K	$333K	20x	as long as short
tradeXYZ xyz:MU	+0.0209%	1h	1,042.5	+0.058%	$176.2M	$107.3M	10x	as long as short
Arcus MU-USD	+0.0226%	1h	1,042.6	+0.066%	$63K	$230K	10x	as long as short
Bullet MU-USD	+0.0228%	1h	1,042.7	+0.081%	$25K	$400K	10x	as long as short
BloFin MU-USDT	+0.0230%	8h	1,042.7	+0.078%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0230%	1h	1,043	+0.106%	$533K	$303K	15x	as long as short
Extended MU_24_5-USDlong	+0.0664%	1h	1,041.9	long leg	$540K	$1.1M	10x