Funding you earn now, next payment 09:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.09 per $10,000 · paid last 24h +0.016%
Price spread now: ApeX Omni against QFEX+0.202%56s7-day average +0.015% · 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—prices read too far apart to compare
costs, in and out, $10k−$470.475% of the position
Funding, last 4 days (all we have)+0.064%+$6 on $10k
+Price spread, last 4 days (all we have)−0.287%−$29 · spread now +0.202%, 7d avg +0.015%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.187% dearer against QFEX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.015%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MU-USD | 1,029.9 | 0.0027 | pay 0.0003% / 1h | 42m 31s | $6.9M | $18.8M | 10x |
| Short | ApeX Omni MUUSDT | 1,032 | 0.0100 | get 0.0013% / 1h | 42m 31s | $70K | $270K | 50x |
QFEX MU-USD
ApeX Omni MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against QFEX. 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
- $15.41
- Price spread: +0.202% → +0.015%
- $18.72
- Slippage, 4 orders
- −$27.5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$13.37
- Costs to cover
- 0.475%
- Break-even
- 13.1 days
Slippage from QFEX: live order book, 7 min ago; ApeX Omni: live order book, 55 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 QFEX live order book, 7 min ago | 1.16 bp | 6.2 bp −$6 | 6.2 bp −$62 | 10.7 bp −$1,065 | doesn't fit |
| Sell ApeX Omni live order book, 55 min ago | 6.31 bp | 16.8 bp −$17 | 187.5 bp −$1,875 | doesn't fit | 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 | −0.0734% | 4h | 1,030.8 | +0.088% | $1.3M | $674K | 10x | as long as short |
| Bitget MUUSDT | −0.0080% | 8h | 1,030.1 | +0.017% | $19.9M | $40.2M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,030.4 | +0.049% | $21.1M | $68.7M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,030.1 | +0.014% | $121.3M | $543.1M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,030.1 | +0.017% | $18.6M | $32.1M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,029.9 | −0.008% | $29.5M | $100.9M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,030.2 | +0.026% | $310K | $380K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,029.9 | −0.007% | $61.7M | $27.8M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,030.2 | +0.030% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,031.3 | +0.135% | $72K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
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 | 1,030.8 | +0.084% | $186K | $3.6M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,031.6 | +0.160% | $11K | $5.4M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,030.6 | +0.060% | $73K | $626K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,030.4 | +0.048% | $119K | $492K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0024% | 1h | 1,030.7 | +0.079% | $3K | $43K | 10x | as long as short |
| QFEX MU-USDlong | +0.0027% | 1h | 1,029.9 | long leg | $6.9M | $18.8M | 10x | |
| Lighter RH MU | +0.0032% | 1h | 1,030 | +0.008% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,029.6 | −0.032% | $543K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +2.081% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,029.6 | −0.028% | $89K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,030.4 | +0.049% | — | $176K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,030 | +0.007% | $167K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,030.5 | +0.054% | $676K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,029.5 | −0.038% | $1.9M | $2.9M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0057% | 8h | 1,030 | +0.006% | $2K | — | 5x | as long as short |
| tradeXYZ xyz:MU | +0.0063% | 1h | 1,029.9 | −0.003% | $174.2M | $80.5M | 10x | as long as short |
| Lighter MU | +0.0064% | 1h | 1,030.2 | +0.021% | $989K | $4.9M | 20x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,030.2 | +0.026% | $32K | $1K | 10x | as long as short |
| Nado MU-PERP | +0.0081% | 1h | 1,029.9 | −0.007% | $272K | $806K | 10x | as long as short |
| Bullet MU-USD | +0.0093% | 1h | 1,030.7 | +0.075% | $25K | $389K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,030.1 | +0.018% | $719K | $1.1M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,029.7 | −0.025% | $146K | $194K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,030 | +0.009% | $5.1M | $4.4M | 20x | as long as short |
| ApeX Omni MUUSDTshort | +0.0100% | 1h | 1,032 | +0.202% | $70K | $270K | 50x | |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,030.6 | +0.061% | $819 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,030.8 | +0.083% | $1.5M | $2.2M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,031.9 | +0.191% | $528K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
tradeXYZ xyz:MU
Lighter MU
Aevo MU-PERP
Nado MU-PERP
Bullet MU-USD
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU