MU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0259%/8h= +28.4% APRnext payment +$0.32 per $10,000 · paid last 24h +0.001%

Price spread now: SoDEX against QFEX+0.036%7-day average −0.005% · 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−$33as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on QFEX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.044%+$4 on $10k

Price spread, last 3 days (all we have)−0.083%−$8 · spread now +0.036%, 7d avg −0.005%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and SoDEX is 0.041% dearer against QFEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.005%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.044% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MU-USD	1,050.1	0.0054	pay 0.0007% / 1h	49m 13s	$7.8M	$23.3M	10x
Short	SoDEX MU-USD	1,050.5	0.0314	get 0.0039% / 1h	49m 13s	$689K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $54.49
Price spread: +0.036% → −0.005%: $4.09
Slippage, 4 orders: −$19.02
Fee QFEX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $21.56
Costs to cover: 0.370%
Break-even: 4.2 days

Slippage from QFEX: live order book, 5 min ago; SoDEX: live order book, 24 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, 5 min ago	1.05 bp	7.0 bp −$7	8.2 bp −$82	12.4 bp −$1,241	doesn't fit
Sell SoDEX live order book, 24 min ago	0.05 bp	11.8 bp −$12	40.5 bp −$405	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	−0.0156%	4h	1,048.4	−0.169%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.4	+0.020%	$63.3M	$28.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049	−0.113%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.9	+0.168%	$11K	$6.3M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.8	+0.062%	$130K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,048.1	−0.192%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,050.8	+0.066%	$1.1M	$4.7M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.8	+0.058%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.054%	$14K	$251	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.9	+0.076%	—	$195K	25x	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	1,049.5	−0.063%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USDlong	+0.0054%	1h	1,050.1	long leg	$7.8M	$23.3M	10x
Nado MU-PERP	+0.0061%	1h	1,049.8	−0.031%	$272K	$859K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0064%	1h	1,050.4	+0.025%	$63K	$294K	10x	as long as short
OKX MU-USDT-SWAP	+0.0092%	8h	1,050.8	+0.064%	$31.0M	$101.7M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,049.8	−0.030%	$152K	$177K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.6	−0.056%	$5.3M	$3.7M	20x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.1	−0.009%	$835	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0103%	8h	1,050.2	+0.009%	$2K	—	5x	as long as short
Bybit MUUSDT	+0.0116%	8h	1,051.1	+0.089%	$19.3M	$32.4M	100x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,050.2	+0.007%	$32K	$1K	10x	as long as short
Variational Omni MU	+0.0177%	8h	1,049.9	−0.021%	$2.7M	$2.4M	—	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,049.5	−0.060%	$760K	$1.3M	10x	as long as short
Aster MUUSD1	+0.0188%	8h	1,049.6	−0.048%	$21.6M	$47.8M	20x	as long as short
Binance MUUSDT	+0.0195%	8h	1,050.8	+0.068%	$125.9M	$524.2M	50x	as long as short
Bitget MUUSDT	+0.0205%	8h	1,050.5	+0.030%	$20.6M	$41.4M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,048.8	−0.126%	$71K	$243K	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,050.4	+0.027%	$316K	$339K	20x	as long as short
Polymarket Perps MU-USD	+0.0314%	1h	1,050.4	+0.025%	$170K	$202K	10x	as long as short
SoDEX MU-USDshort	+0.0314%	1h	1,050.5	+0.036%	$689K	$16K	10x
BloFin MU-USDT	+0.0315%	8h	1,050.8	+0.061%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0383%	1h	1,050.3	+0.015%	$537K	$306K	15x	as long as short
ApeX Omni MUUSDT	+0.0518%	1h	1,049.3	−0.079%	$71K	$267K	50x	as long as short
GRVT MU_USDT_Perp	+0.0533%	8h	1,048.8	−0.131%	$83K	$1.4M	10x	as long as short
Bullet MU-USD	+0.0543%	1h	1,050.6	+0.047%	$26K	$394K	10x	as long as short
Extended MU_24_5-USD	+0.0544%	1h	1,050	−0.010%	$556K	$1.1M	10x	as long as short
tradeXYZ xyz:MU	+0.0582%	1h	1,050.1	−0.004%	$178.5M	$101.1M	10x	as long as short