Funding you earn now, next payment 01:00 UTC−0.0516%/8h= −56.5% APRpaid last 24h −0.007%
Price spread now: QFEX against GRVT+0.106%7-day average −0.020% · 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−$12as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Funding, last 3 days (all we have)−0.047%−$5 on $10k
+Price spread, last 3 days (all we have)−0.117%−$12 · spread now +0.106%, 7d avg −0.020%
=Together, before fees−0.164%+ Points / potential airdropGRVT: Active · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.125% dearer against GRVT than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of −0.020%): +$13 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 3 days (−0.047% in total) that is about 9.2 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.047% in total (about -5.0% a year). A funding rate is set anew for every payment. 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 | GRVT MU_USDT_Perp | 1,048.5 | 0.0570 | pay 0.0570% / 8h | 7h 31m | $83K | $1.3M | 10x |
| Short | QFEX MU-USD | 1,049.6 | 0.0054 | get 0.0007% / 1h | 31m 37s | $7.8M | $22.6M | 10x |
GRVT MU_USDT_Perp
QFEX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$108.31
- Price spread: +0.106% → −0.020%
- $12.54
- Slippage, 4 orders
- −$5.13
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$119.9
- Costs to cover
- 0.241%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 2 min ago; QFEX: live order book, 8 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 GRVT live order book, 2 min ago | 0.90 bp | 7.1 bp −$7 | 8.3 bp −$83 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 8 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 | +0.070% | $1.3M | $673K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,049.6 | +0.101% | $62.8M | $28.9M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,047.7 | −0.082% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,051.2 | +0.254% | $11K | $6.2M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,049.6 | +0.103% | $129K | $425K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,049.1 | +0.061% | $3K | $45K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,049.5 | +0.092% | $1.1M | $4.8M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,049.5 | +0.095% | $1.2M | $4.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.272% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,050.1 | +0.147% | — | $179K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter MU
Lighter RH MU
Injective MU/USDC PERP
Vest MU-USD-PERPShow 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 | +0.094% | $170K | $202K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,048.9 | +0.035% | $1.9M | $2.3M | 10x | as long as short |
| QFEX MU-USDshort | +0.0054% | 1h | 1,049.6 | +0.106% | $7.8M | $22.6M | 10x | |
| Nado MU-PERP | +0.0077% | 1h | 1,048.5 | +0.003% | $275K | $858K | 10x | as long as short |
| SoDEX MU-USD | +0.0079% | 1h | 1,049.1 | +0.057% | $688K | $16K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0090% | 8h | 1,049.8 | +0.122% | $2K | — | 5x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0093% | 1h | 1,049.5 | +0.091% | $64K | $301K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0097% | 8h | 1,049.9 | +0.134% | $30.9M | $101.9M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,049.6 | +0.108% | $148K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,049.3 | +0.077% | $5.3M | $3.6M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,048.8 | +0.030% | $71K | $267K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,049.7 | +0.110% | $834 | $799 | 20x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,049.5 | +0.094% | $32K | $1K | 10x | as long as short |
| Bybit MUUSDT | +0.0162% | 8h | 1,050 | +0.140% | $19.1M | $32.5M | 100x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,048.4 | −0.014% | $759K | $1.2M | 10x | as long as short |
| Variational Omni MU | +0.0210% | 8h | 1,049.5 | +0.095% | $2.7M | $2.4M | — | as long as short |
| Aster MUUSD1 | +0.0217% | 8h | 1,049 | +0.042% | $21.6M | $48.3M | 20x | as long as short |
| Binance MUUSDT | +0.0222% | 8h | 1,049.8 | +0.124% | $126.0M | $524.2M | 50x | as long as short |
| Arcus MU-USD | +0.0240% | 1h | 1,049 | +0.051% | $71K | $243K | 10x | as long as short |
| Bullet MU-USD | +0.0251% | 1h | 1,049.8 | +0.123% | $26K | $395K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0286% | 1h | 1,049.4 | +0.085% | $178.0M | $101.1M | 10x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,049.8 | +0.128% | $316K | $339K | 20x | as long as short |
| Bitget MUUSDT | +0.0329% | 8h | 1,049.6 | +0.108% | $20.6M | $41.6M | 50x | as long as short |
| BloFin MU-USDT | +0.0340% | 8h | 1,048.5 | −0.004% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,048.3 | −0.020% | $536K | $306K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0424% | 1h | 1,049 | +0.044% | $566K | $1.2M | 10x | as long as short |
| GRVT MU_USDT_Perplong | +0.0570% | 8h | 1,048.5 | long leg | $83K | $1.3M | 10x |
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
Nado MU-PERP
SoDEX MU-USD
Paradex MU-USD-PERP
Deribit MU_USDC-PERPETUAL
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aevo MU-PERP
Bybit MUUSDT
Coinbase International MU-PERP-INTX
Variational Omni MU
Aster MUUSD1
Binance MUUSDT
Arcus MU-USD
Bullet MU-USD
tradeXYZ xyz:MU
RISEx MU/USDC
Bitget MUUSDT
BloFin MU-USDT
Phoenix MU
Extended MU_24_5-USD