Funding you earn now, next payment 09:00 UTC+0.0143%/8h= +15.7% APRnext payment +$0.18 per $10,000 · paid last 24h +0.024%
Price spread now: Deribit against QFEX−0.129%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$380.382% of the position
Funding, last 4 days (all we have)+0.034%+$3 on $10k
+Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.129%, 7d avg −0.010%
=Funding pays, the price is against you. Deribit is 0.119% cheaper against QFEX than usual: you would sell low and buy high (spread −0.129% now, against its 7-day average of −0.010%). If the spread goes back, that is −$12 on $10k: about 2.8 days of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.034% in total) that is about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MU-USD | 1,026.4 | 0.0027 | pay 0.0003% / 1h | 31m 38s | $6.9M | $18.9M | 10x |
| Short | Deribit MU_USDC-PERPETUAL | 1,025.1 | 0.0170 | get 0.0021% / 1h | 31m 38s | $72K | $629K | 10x |
QFEX MU-USD
Deribit MU_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $30.03
- Price spread: −0.129% → −0.010%
- −$11.88
- Slippage, 4 orders
- −$21.24
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$20.09
- Costs to cover
- 0.382%
- Break-even
- 11.7 days
Slippage from QFEX: live order book, 8 min ago; Deribit: live order book, 2 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, 8 min ago | 1.36 bp | 6.4 bp −$6 | 6.7 bp −$67 | 11.2 bp −$1,116 | doesn't fit |
| Sell Deribit live order book, 2 min ago | 4.77 bp | 8.3 bp −$8 | 12.6 bp −$126 | 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 | −0.0495% | 4h | 1,028.4 | +0.195% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0044% | 8h | 1,025.4 | −0.094% | $19.7M | $40.5M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,026 | −0.044% | $20.9M | $69.0M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,025.3 | −0.110% | $121.5M | $546.6M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,025 | −0.134% | $18.5M | $32.3M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,025.2 | −0.114% | $29.3M | $101.6M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,026.7 | +0.033% | $309K | $373K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,024.9 | −0.143% | $61.8M | $28.1M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,028.1 | +0.163% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,028.5 | +0.208% | $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 | 1,027.8 | +0.134% | $186K | $3.6M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,026.4 | −0.001% | $11K | $5.4M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,025.8 | −0.062% | $119K | $489K | 50x | as long as short |
| QFEX MU-USDlong | +0.0027% | 1h | 1,026.4 | long leg | $6.9M | $18.9M | 10x | |
| Aftermath Perps MUUSD | +0.0027% | 1h | 1,027.8 | +0.139% | $3K | $43K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,024.9 | −0.142% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,024.4 | −0.190% | $541K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +2.432% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,024.9 | −0.147% | $89K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,025.7 | −0.070% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,024.9 | −0.146% | $166K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,025.6 | −0.079% | $673K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,024.2 | −0.212% | $1.9M | $3.0M | 10x | as long as short |
| Lighter MU | +0.0056% | 1h | 1,025 | −0.133% | $969K | $5.0M | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0057% | 8h | 1,025.1 | −0.123% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0077% | 1h | 1,025.1 | −0.123% | $264K | $815K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0080% | 1h | 1,024.7 | −0.166% | $173.4M | $80.0M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,024.6 | −0.173% | $31K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,029.2 | +0.273% | $719K | $1.1M | 10x | as long as short |
| Bullet MU-USD | +0.0096% | 1h | 1,025.5 | −0.088% | $25K | $388K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,024.8 | −0.152% | $145K | $194K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,024.9 | −0.148% | $5.1M | $4.6M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,028.9 | +0.240% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,026.1 | −0.027% | $816 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,028 | +0.152% | $1.5M | $2.2M | 20x | as long as short |
| Deribit MU_USDC-PERPETUALshort | +0.0170% | 1h | 1,025.1 | −0.129% | $72K | $629K | 10x | |
| Phoenix MU | +0.0231% | 1h | 1,029.5 | +0.302% | $527K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
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
Lighter MU
Paradex MU-USD-PERP
Nado MU-PERP
tradeXYZ xyz:MU
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Bullet MU-USD
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU