MU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h 0.000%

Price spread now: Polymarket Perps against QFEX+0.023%7-day average −0.031% · 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−$260.263% of the position

Long on QFEX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.023%, 7d avg −0.031%

Together, before fees−0.081%−$8 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 Polymarket Perps is 0.054% dearer against QFEX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MU-USD	1,045.2	0.0032	pay 0.0004% / 1h	26m 36s	$7.1M	$17.9M	10x
Short	Polymarket Perps MU-USD	1,045.4	0.0050	get 0.0006% / 1h	26m 36s	$170K	$203K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.023%Rate

Funding earned: $3.88
Price spread: +0.023% → −0.031%: $5.44
Slippage, 4 orders: −$8.35
Fee QFEX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$17.02
Costs to cover: 0.263%
Break-even: 37.7 days

Slippage from QFEX: live order book, 8 min ago; Polymarket Perps: live order book, 25 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	1.10 bp	6.2 bp −$6	6.3 bp −$63	11.6 bp −$1,160	doesn't fit
Sell Polymarket Perps live order book, 25 min ago	2.86 bp	7.1 bp −$7	8.0 bp −$80	9.8 bp −$976	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	−0.0080%	4h	1,046.5	+0.127%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,046.1	+0.092%	$21.3M	$56.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,045.8	+0.057%	$124.6M	$521.1M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,045.9	+0.068%	$18.8M	$31.8M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,045.3	+0.015%	$31.0M	$99.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,045.7	+0.050%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.4	+0.024%	$62.1M	$27.8M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,045.8	+0.065%	$20.5M	$41.5M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,046.8	+0.152%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,046.9	+0.162%	$79K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,047.2	+0.190%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.2	+0.196%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,045.7	+0.050%	$73K	$475K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.9	+0.075%	$130K	$432K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,046.3	+0.105%	$3K	$44K	10x	as long as short
QFEX MU-USDlong	+0.0032%	1h	1,045.2	long leg	$7.1M	$17.9M	10x
Lighter MU	+0.0032%	1h	1,045.5	+0.033%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.5	+0.030%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,045.1	−0.005%	$549K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.593%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,046.2	+0.097%	$71K	$233K	10x	as long as short
Nado MU-PERP	+0.0042%	1h	1,045.4	+0.020%	$281K	$828K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.4	+0.121%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,045.4	+0.023%	$177.0M	$96.6M	10x	as long as short
Polymarket Perps MU-USDshort	+0.0050%	1h	1,045.4	+0.023%	$170K	$203K	10x
SoDEX MU-USD	+0.0050%	1h	1,046.1	+0.091%	$687K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,045.6	+0.044%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045.9	+0.071%	$1.9M	$2.2M	10x	as long as short
Bullet MU-USD	+0.0052%	1h	1,046.4	+0.119%	$25K	$394K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,045.7	+0.050%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.6	+0.045%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.6	+0.044%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,046.6	+0.133%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046.2	+0.103%	$832	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,047.1	+0.183%	$751K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,046.1	+0.085%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,046.4	+0.119%	$535K	$271K	15x	as long as short