Funding you earn now, next payment 01:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.016%
Price spread now: QFEX against Orderly−0.026%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.026% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MU_USDC_mythos | 1,050 | 0.0100 | pay 0.0100% / 8h | 7h 30m | $835 | $799 | 20x |
| Short | QFEX MU-USD | 1,049.7 | 0.0054 | get 0.0007% / 1h | 30m 06s | $7.8M | $22.6M | 10x |
Orderly PERP_MU_USDC_mythos
QFEX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Orderly. 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
- −$9.61
- Price spread: −0.026% → 0.000%
- −$2.57
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$28.18
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; QFEX: live order book, 4 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 Orderly no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 4 min ago | 1.53 bp | 6.7 bp −$7 | 6.9 bp −$69 | 11.3 bp −$1,127 | doesn't fit |
Orderly: 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 | −0.0111% | 4h | 1,049.2 | −0.067% | $1.3M | $673K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,050.1 | +0.015% | $62.8M | $28.9M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,048.9 | −0.103% | $190K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,051.6 | +0.152% | $11K | $6.2M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,050 | +0.001% | $129K | $425K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,049.4 | −0.056% | $3K | $45K | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,050 | +0.002% | $1.1M | $4.8M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,049.9 | −0.003% | $1.2M | $4.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.134% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,050.3 | +0.030% | — | $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 | 1,049.7 | −0.024% | $171K | $203K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,048.8 | −0.113% | $1.9M | $2.3M | 10x | as long as short |
| QFEX MU-USDshort | +0.0054% | 1h | 1,049.7 | −0.026% | $7.8M | $22.6M | 10x | |
| Nado MU-PERP | +0.0077% | 1h | 1,049.2 | −0.068% | $275K | $858K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0090% | 8h | 1,049.8 | −0.018% | $2K | — | 5x | as long as short |
| SoDEX MU-USD | +0.0092% | 1h | 1,050 | +0.003% | $689K | $16K | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0098% | 8h | 1,050.4 | +0.042% | $30.9M | $102.0M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,049.9 | −0.001% | $148K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,049.5 | −0.048% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,048.8 | −0.107% | $71K | $267K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythoslong | +0.0100% | 8h | 1,050 | long leg | $835 | $799 | 20x | |
| Aevo MU-PERP | +0.0136% | 1h | 1,049.7 | −0.023% | $32K | $1K | 10x | as long as short |
| Bybit MUUSDT | +0.0180% | 8h | 1,050.4 | +0.042% | $19.2M | $32.7M | 100x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,048.4 | −0.151% | $759K | $1.2M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0198% | 1h | 1,049.9 | −0.008% | $64K | $303K | 10x | as long as short |
| Variational Omni MU | +0.0211% | 8h | 1,049.7 | −0.025% | $2.7M | $2.4M | — | as long as short |
| Aster MUUSD1 | +0.0219% | 8h | 1,049.4 | −0.052% | $21.6M | $48.3M | 20x | as long as short |
| Binance MUUSDT | +0.0224% | 8h | 1,050.2 | +0.022% | $126.0M | $524.2M | 50x | as long as short |
| Arcus MU-USD | +0.0240% | 1h | 1,049.2 | −0.071% | $71K | $243K | 10x | as long as short |
| Bullet MU-USD | +0.0241% | 1h | 1,050.1 | +0.014% | $26K | $395K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0279% | 1h | 1,050 | +0.005% | $178.1M | $101.2M | 10x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,049.9 | −0.005% | $316K | $339K | 20x | as long as short |
| Bitget MUUSDT | +0.0331% | 8h | 1,050.1 | +0.018% | $20.6M | $41.6M | 50x | as long as short |
| BloFin MU-USDT | +0.0342% | 8h | 1,049.6 | −0.030% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,048.3 | −0.157% | $536K | $306K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0416% | 1h | 1,049.4 | −0.055% | $566K | $1.2M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0570% | 8h | 1,048.5 | −0.137% | $83K | $1.3M | 10x | as long as short |
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
Nado MU-PERP
Paradex MU-USD-PERP
SoDEX MU-USD
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Aevo MU-PERP
Bybit MUUSDT
Coinbase International MU-PERP-INTX
Deribit MU_USDC-PERPETUAL
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
GRVT MU_USDT_Perp