Funding you earn now, next payment 05:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: QFEX against Injective−0.450%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.450% cheaper against Injective than usual: you would sell low and buy high, −$45 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MU/USDC PERP | 1,051.4 | 0.0033 | pay 0.0004% / 1h | 27m 14s | $19K | $5K | 12x |
| Short | QFEX MU-USD | 1,046.6 | 0.0032 | get 0.0004% / 1h | 27m 14s | $7.1M | $17.8M | 10x |
Injective MU/USDC PERP
QFEX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Injective. 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
- −$0.38
- Price spread: −0.450% → 0.000%
- −$44.99
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$55.39
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; QFEX: live order book, 7 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 7 min ago | 1.10 bp | 6.2 bp −$6 | 7.0 bp −$70 | 10.9 bp −$1,094 | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0080% | 4h | 1,046.5 | −0.463% | $1.3M | $671K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,046.4 | −0.473% | $21.3M | $56.5M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,046.1 | −0.500% | $124.7M | $521.1M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,046.3 | −0.478% | $18.8M | $31.8M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,046 | −0.510% | $31.0M | $99.5M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,046.8 | −0.438% | $338K | $353K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,046.5 | −0.467% | $62.2M | $27.8M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,046.5 | −0.463% | $20.5M | $41.5M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,046.8 | −0.438% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,046.9 | −0.428% | $79K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,047.2 | −0.400% | $189K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,047.2 | −0.395% | $11K | $5.8M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,045.7 | −0.540% | $73K | $475K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,045.9 | −0.516% | $130K | $432K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,046.3 | −0.485% | $3K | $44K | 10x | as long as short |
| QFEX MU-USDshort | +0.0032% | 1h | 1,046.6 | −0.450% | $7.1M | $17.8M | 10x | |
| Lighter MU | +0.0032% | 1h | 1,046.1 | −0.503% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,046 | −0.511% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,045.6 | −0.551% | $549K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERPlong | +0.0033% | 1h | 1,051.4 | long leg | $19K | $5K | 12x | |
| Arcus MU-USD | +0.0040% | 1h | 1,046.5 | −0.467% | $71K | $233K | 10x | as long as short |
| Nado MU-PERP | +0.0043% | 1h | 1,046.5 | −0.464% | $281K | $828K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,047.4 | −0.380% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,046 | −0.510% | $177.1M | $96.6M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,046.2 | −0.491% | $170K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,046.1 | −0.499% | $687K | $16K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0050% | 8h | 1,046.8 | −0.437% | $2K | — | 5x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,045.9 | −0.519% | $1.9M | $2.2M | 10x | as long as short |
| Bullet MU-USD | +0.0052% | 1h | 1,046.4 | −0.472% | $25K | $394K | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,045.7 | −0.540% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,046.5 | −0.459% | $148K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,046.1 | −0.501% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,046.6 | −0.458% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,046.2 | −0.487% | $832 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,047.1 | −0.408% | $751K | $1.2M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,046.1 | −0.505% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,046.4 | −0.472% | $535K | $271K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Arcus MU-USD
Nado MU-PERP
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Paradex MU-USD-PERP
Ondo Perps MU-USD.P
Bullet MU-USD
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Phoenix MU