Funding you earn now, next payment 11:00 UTC+0.0008%/8h= +0.8% APRnext payment +$0.01 per $10,000 · paid last 24h −0.002%
Price spread now: QFEX against Polymarket Perps+0.006%7-day average +0.031% · 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−$31as in the Price arb table
costs, in and out, $10k−$290.288% of the position
Funding, last 4 days (all we have)−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)+0.079%+$8 · spread now +0.006%, 7d avg +0.031%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.026% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MU-USD | 1,039.7 | 0.0050 | pay 0.0006% / 1h | 55m 08s | $168K | $179K | 10x |
| Short | QFEX MU-USD | 1,039.8 | 0.0058 | get 0.0007% / 1h | 55m 08s | $7.0M | $19.3M | 10x |
Polymarket Perps MU-USD
QFEX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Polymarket Perps. 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
- $1.6
- Price spread: +0.006% → +0.031%
- −$2.57
- Slippage, 4 orders
- −$10.77
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$29.74
- Costs to cover
- 0.288%
- Break-even
- 137.5 days
Slippage from Polymarket Perps: live order book, 55 min ago; QFEX: live order book, 7 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 Polymarket Perps live order book, 55 min ago | 3.88 bp | 9.1 bp −$9 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 0.53 bp | 6.0 bp −$6 | 6.7 bp −$67 | 10.0 bp −$996 | doesn't fit |
MU on 37 exchanges
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 | −0.0530% | 4h | 1,038.8 | −0.084% | $1.3M | $694K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,040.1 | +0.039% | $21.2M | $73.3M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,040.1 | +0.036% | $121.5M | $555.3M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,039.9 | +0.022% | $29.6M | $107.9M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,039.9 | +0.018% | $61.2M | $27.9M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,040.1 | +0.037% | $19.8M | $43.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,039.5 | −0.023% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,039.1 | −0.054% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,041.5 | +0.175% | $11K | $5.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,039.6 | −0.007% | $37K | $717K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,039.8 | +0.010% | $119K | $474K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,039.8 | +0.006% | $1.2M | $4.5M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.121% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0034% | 1h | 1,039 | −0.070% | $3K | $41K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,040.9 | +0.116% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USDlong | +0.0050% | 1h | 1,039.7 | long leg | $168K | $179K | 10x | |
| SoDEX MU-USD | +0.0050% | 1h | 1,040 | +0.026% | $682K | $13K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,038.2 | −0.148% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USDshort | +0.0058% | 1h | 1,039.8 | +0.006% | $7.0M | $19.3M | 10x | |
| Bybit MUUSDT | +0.0072% | 8h | 1,040.2 | +0.051% | $18.8M | $32.3M | 100x | as long as short |
| Paradex MU-USD-PERP | +0.0080% | 8h | 1,039.8 | +0.007% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,039.7 | −0.003% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,039.5 | −0.024% | $151K | $227K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,039.4 | −0.033% | $5.2M | $5.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.5 | −0.113% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,039.6 | −0.007% | $827 | $799 | 20x | as long as short |
| Nado MU-PERP | +0.0100% | 1h | 1,039.1 | −0.054% | $276K | $842K | 10x | as long as short |
| RISEx MU/USDC | +0.0118% | 1h | 1,039.9 | +0.019% | $299K | $351K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,040.1 | +0.041% | $1.4M | $2.5M | 20x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,039.3 | −0.038% | $90K | $148K | 10x | as long as short |
| Bullet MU-USD | +0.0191% | 1h | 1,040 | +0.029% | $24K | $386K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0192% | 1h | 1,039 | −0.065% | $727K | $1.1M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0218% | 8h | 1,039.5 | −0.024% | $81K | $1.4M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0224% | 1h | 1,039.9 | +0.019% | $177.3M | $76.0M | 10x | as long as short |
| Lighter MU | +0.0224% | 1h | 1,040 | +0.032% | $1.0M | $5.0M | 20x | as long as short |
| Phoenix MU | +0.0310% | 1h | 1,039.4 | −0.029% | $532K | $159K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0336% | 1h | 1,039.1 | −0.062% | $551K | $1.1M | 10x | as long as short |
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
Vest MU-USD-PERP
SoDEX MU-USD
Ondo Perps MU-USD.P
Bybit MUUSDT
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Nado MU-PERP
RISEx MU/USDC
BloFin MU-USDT
Arcus MU-USD
Bullet MU-USD
Coinbase International MU-PERP-INTX
GRVT MU_USDT_Perp
tradeXYZ xyz:MU
Lighter MU
Phoenix MU
Extended MU_24_5-USD