MU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h −0.001%

Price spread now: Injective against QFEX+0.213%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Injective

What this pair did over the last

the charts below follow

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Injective is 0.213% dearer against QFEX than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MU-USD	1,049.1	0.0040	pay 0.0005% / 1h	43m 10s	$7.5M	$20.3M	10x
Short	Injective MU/USDC PERP	1,051.4	0.0107	get 0.0013% / 1h	43m 10s	$19K	$5K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.213%Rate

Funding earned: $14.12
Price spread: +0.213% → 0.000%: $21.26
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $25.36
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: QFEX: live order book, 6 min ago; Injective: no order-book sample. 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 QFEX live order book, 6 min ago	0.24 bp	5.8 bp −$6	7.1 bp −$71	11.6 bp −$1,161	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0702%	4h	1,049.5	+0.032%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,048.8	−0.033%	$62.2M	$27.5M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.3	+0.012%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,049.2	+0.002%	$25K	$396K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.3	+0.115%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.6	−0.051%	$65K	$324K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.7	−0.039%	$129K	$429K	50x	as long as short
Nado MU-PERP	0.0000%	1h	1,049.2	+0.002%	$273K	$858K	10x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,049.3	+0.014%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,048.8	−0.029%	$1.1M	$4.8M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,048.8	−0.029%	$1.1M	$4.1M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,048.3	−0.079%	$563K	$1.2M	10x	as long as short
Bybit MUUSDT	+0.0037%	8h	1,049	−0.010%	$19.3M	$32.6M	100x	as long as short
QFEX MU-USDlong	+0.0040%	1h	1,049.1	long leg	$7.5M	$20.3M	10x
Arcus MU-USD	+0.0040%	1h	1,049.4	+0.026%	$71K	$242K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.1	+0.092%	—	$178K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.9	−0.022%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,048.9	−0.027%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.8	−0.034%	$1.9M	$2.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0065%	1h	1,048.6	−0.051%	$178.1M	$100.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0071%	8h	1,049.2	+0.009%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0079%	8h	1,048.8	−0.036%	$30.8M	$100.6M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,049.1	−0.002%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,048.8	−0.029%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.8	+0.064%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049	−0.017%	$834	$799	20x	as long as short
Injective MU/USDC PERPshort	+0.0107%	1h	1,051.4	+0.213%	$19K	$5K	12x
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.3	+0.109%	$761K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0144%	1h	1,048.7	−0.044%	$32K	$1K	10x	as long as short
Aster MUUSD1	+0.0227%	8h	1,049	−0.016%	$21.6M	$49.3M	20x	as long as short
Variational Omni MU	+0.0230%	8h	1,049.6	+0.044%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	+0.0233%	8h	1,049.7	+0.059%	$81K	$1.3M	10x	as long as short
Binance MUUSDT	+0.0235%	8h	1,048.8	−0.032%	$126.3M	$523.9M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,050	+0.083%	$537K	$273K	15x	as long as short
Bitget MUUSDT	+0.0326%	8h	1,049.1	−0.008%	$20.3M	$41.8M	50x	as long as short
BloFin MU-USDT	+0.0368%	8h	1,049.8	+0.065%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,049.5	+0.032%	$334K	$348K	20x	as long as short