MU

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0134%/8h= +14.7% APRnext payment +$0.17 per $10,000 · paid last 24h +0.034%

Price spread now: Coinbase International against QFEX+0.072%7-day average −0.023% · 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−$21as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.107%+$11 on $10k

Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.072%, 7d avg −0.023%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.096% dearer against QFEX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MU-USD	1,039.8	0.0058	pay 0.0007% / 1h	55m 42s	$7.0M	$19.3M	10x
Short	Coinbase International MU-PERP-INTX	1,040.5	0.0192	get 0.0024% / 1h	55m 42s	$741K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.072%Rate

Funding earned: $28.22
Price spread: +0.072% → −0.023%: $9.56
Slippage, 4 orders: −$10.39
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $7.39
Costs to cover: 0.304%
Break-even: 5.2 days

Slippage from QFEX: live order book, 7 min ago; Coinbase International: live order book, 1 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	0.53 bp	5.5 bp −$6	5.5 bp −$55	9.6 bp −$958	doesn't fit
Sell Coinbase International live order book, 1 min ago	4.14 bp	9.6 bp −$10	9.9 bp −$99	58.3 bp −$5,831	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	−0.089%	$1.3M	$694K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,039.9	+0.017%	$21.2M	$73.3M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,040	+0.021%	$121.5M	$555.3M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,039.9	+0.013%	$29.6M	$107.8M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,039.7	−0.005%	$61.2M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,040	+0.020%	$19.8M	$43.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,039.5	−0.029%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,038.6	−0.115%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,041.2	+0.139%	$11K	$5.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,039.2	−0.059%	$37K	$717K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,039.6	−0.016%	$119K	$474K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,039.7	−0.005%	$1.2M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.116%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0034%	1h	1,038.8	−0.088%	$3K	$42K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040.5	+0.072%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,039.5	−0.025%	$168K	$179K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,039.7	−0.011%	$682K	$13K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,038.2	−0.154%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USDlong	+0.0058%	1h	1,039.8	long leg	$7.0M	$19.3M	10x
Bybit MUUSDT	+0.0072%	8h	1,040	+0.023%	$18.8M	$32.3M	100x	as long as short
Paradex MU-USD-PERP	+0.0080%	8h	1,039.8	+0.001%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,039.2	−0.052%	$32K	$1K	10x	as long as short
Nado MU-PERP	+0.0090%	1h	1,038.8	−0.088%	$276K	$842K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,039.5	−0.030%	$151K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,039.2	−0.050%	$5.2M	$5.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	−0.119%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,039.5	−0.026%	$826	$799	20x	as long as short
RISEx MU/USDC	+0.0118%	1h	1,039.9	+0.013%	$299K	$351K	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,039.4	−0.035%	$1.4M	$2.5M	20x	as long as short
Arcus MU-USD	+0.0139%	1h	1,039.3	−0.043%	$90K	$148K	10x	as long as short
Bullet MU-USD	+0.0171%	1h	1,039.6	−0.011%	$25K	$386K	10x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0192%	1h	1,040.5	+0.072%	$741K	$1.1M	10x
tradeXYZ xyz:MU	+0.0216%	1h	1,039.6	−0.015%	$177.3M	$76.0M	10x	as long as short
Lighter MU	+0.0224%	1h	1,039.8	+0.006%	$1.0M	$5.0M	20x	as long as short
GRVT MU_USDT_Perp	+0.0230%	8h	1,039.4	−0.035%	$81K	$1.4M	10x	as long as short
Phoenix MU	+0.0310%	1h	1,039.4	−0.035%	$532K	$159K	15x	as long as short
Extended MU_24_5-USD	+0.0336%	1h	1,038.9	−0.086%	$551K	$1.1M	10x	as long as short