MU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.02 per $10,000 · paid last 24h +0.027%

Price spread now: Pacifica against QFEX+0.011%7-day average −0.019% · 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−$28as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on QFEX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.011%, 7d avg −0.019%

Together, before fees−0.027%+ Points / potential airdropPacifica: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Pacifica is 0.030% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MU-USD	1,045.9	0.0080	pay 0.0010% / 1h	46m 50s	$7.9M	$23.9M	10x
Short	Pacifica MU	1,046	0.0100	get 0.0013% / 1h	46m 50s	$153K	$182K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.011%Rate

Funding earned: $4.2
Price spread: +0.011% → −0.019%: $3.02
Slippage, 4 orders: −$13.42
Fee QFEX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$24.19
Costs to cover: 0.314%
Break-even: 47.3 days

Slippage from QFEX: live order book, 7 min ago; Pacifica: live order book, 31 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	0.62 bp	5.7 bp −$6	5.7 bp −$57	9.3 bp −$932	doesn't fit
Sell Pacifica live order book, 31 min ago	3.55 bp	9.5 bp −$10	doesn't fit	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	−0.0477%	4h	1,045.5	−0.038%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,046.2	+0.030%	$63.1M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,044.9	−0.092%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.4	+0.241%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.8	−0.003%	$124K	$446K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.2	+0.028%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.464%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0036%	1h	1,044.7	−0.110%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.8	−0.004%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.6	−0.025%	$166K	$197K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.6	−0.118%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0079%	8h	1,046.3	+0.041%	$30.8M	$105.2M	50x	as long as short
QFEX MU-USDlong	+0.0080%	1h	1,045.9	long leg	$7.9M	$23.9M	10x
Pacifica MUshort	+0.0100%	1h	1,046	+0.011%	$153K	$182K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,045.3	−0.055%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.9	+0.002%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046.2	+0.028%	$832	$799	20x	as long as short
SoDEX MU-USD	+0.0132%	1h	1,046.1	+0.021%	$687K	$16K	10x	as long as short
Bitget MUUSDT	+0.0135%	8h	1,046.3	+0.037%	$20.5M	$43.6M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,045.9	+0.005%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0158%	8h	1,045.9	+0.003%	$2K	—	5x	as long as short
Aster MUUSD1	+0.0164%	8h	1,046.6	+0.068%	$21.6M	$47.3M	20x	as long as short
Variational Omni MU	+0.0189%	8h	1,045.5	−0.035%	$2.6M	$2.5M	—	as long as short
Lighter MU	+0.0200%	1h	1,046.2	+0.030%	$1.0M	$4.8M	20x	as long as short
Binance MUUSDT	+0.0211%	8h	1,046.5	+0.058%	$124.9M	$533.0M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.6	−0.030%	$757K	$1.4M	10x	as long as short
GRVT MU_USDT_Perp	+0.0253%	8h	1,045.7	−0.011%	$77K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0265%	1h	1,045.3	−0.050%	$270K	$875K	10x	as long as short
Bullet MU-USD	+0.0265%	1h	1,046	+0.013%	$24K	$396K	10x	as long as short
Bybit MUUSDT	+0.0285%	8h	1,046.4	+0.055%	$19.2M	$32.6M	100x	as long as short
tradeXYZ xyz:MU	+0.0313%	1h	1,046.2	+0.033%	$176.8M	$105.6M	10x	as long as short
BloFin MU-USDT	+0.0329%	8h	1,046.4	+0.047%	$1.4M	$2.0M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0353%	1h	1,045.9	+0.007%	$62K	$257K	10x	as long as short
Phoenix MU	+0.0460%	1h	1,045.9	+0.004%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.5	−0.039%	$74K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.2	+0.036%	$317K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0720%	1h	1,045.2	−0.060%	$540K	$1.1M	10x	as long as short