Funding you earn now, next payment 10:00 UTC+0.0120%/8h= +13.2% APRnext payment +$0.15 per $10,000 · paid last 24h +0.024%
Price spread now: tradeXYZ against QFEX−0.045%7-day average −0.027% · 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−$33as in the Price arb table
costs, in and out, $10k−$320.317% of the position
Funding, last 4 days (all we have)+0.050%+$5 on $10k
+Price spread, last 7 days+0.045%+$4 · spread now −0.045%, 7d avg −0.027%
=Together, before fees+0.095%+ Points / potential airdroptradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MU-USD | 1,034.4 | 0.0059 | pay 0.0007% / 1h | 15m 08s | $7.0M | $19.0M | 10x |
| Short | tradeXYZ xyz:MU | 1,033.9 | 0.0179 | get 0.0022% / 1h | 15m 08s | $175.3M | $75.8M | 10x |
QFEX MU-USD
tradeXYZ xyz:MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $25.25
- Price spread: −0.045% → −0.027%
- −$1.82
- Slippage, 4 orders
- −$3.66
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$8.22
- Costs to cover
- 0.317%
- Break-even
- 9.3 days
Slippage from QFEX: live order book, 7 min ago; tradeXYZ: live order book, 8 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 | 0.19 bp | 5.9 bp −$6 | 7.3 bp −$73 | 11.3 bp −$1,134 | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 0.48 bp | 9.5 bp −$9 | 11.5 bp −$115 | 16.9 bp −$1,692 | doesn't fit |
MU on 37 exchanges
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 | −0.0748% | 4h | 1,033.5 | −0.085% | $1.3M | $696K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,034.8 | +0.039% | $21.1M | $72.4M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,034.4 | −0.002% | $120.8M | $550.1M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,034.2 | −0.015% | $29.4M | $106.4M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,034.3 | −0.007% | $61.6M | $28.0M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,034.3 | −0.008% | $19.7M | $42.8M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,034.5 | +0.017% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,034.2 | −0.017% | $187K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,035.9 | +0.148% | $11K | $5.1M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,034.2 | −0.015% | $119K | $475K | 50x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
HTX MU-USDTShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH MU | +0.0032% | 1h | 1,034.1 | −0.022% | $1.1M | $4.5M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0033% | 1h | 1,033.9 | −0.041% | $3K | $42K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.643% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,034.8 | +0.040% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,034.1 | −0.026% | $167K | $178K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,034 | −0.037% | $679K | $13K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,032.5 | −0.185% | $1.9M | $3.2M | 10x | as long as short |
| Bybit MUUSDT | +0.0051% | 8h | 1,034.3 | −0.005% | $18.8M | $32.4M | 100x | as long as short |
| QFEX MU-USDlong | +0.0059% | 1h | 1,034.4 | long leg | $7.0M | $19.0M | 10x | |
| Paradex MU-USD-PERP | +0.0067% | 8h | 1,034.2 | −0.020% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,033.8 | −0.058% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,034 | −0.037% | $146K | $223K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,033.6 | −0.077% | $5.2M | $5.6M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,033.6 | −0.072% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,034.1 | −0.029% | $822 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0107% | 1h | 1,034.7 | +0.027% | $295K | $350K | 20x | as long as short |
| GRVT MU_USDT_Perp | +0.0120% | 8h | 1,033.6 | −0.072% | $76K | $1.4M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,034.4 | +0.005% | $1.4M | $2.5M | 20x | as long as short |
| Nado MU-PERP | +0.0123% | 1h | 1,033.7 | −0.066% | $269K | $840K | 10x | as long as short |
| Lighter MU | +0.0136% | 1h | 1,034.3 | −0.006% | $1.0M | $5.1M | 20x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,033.9 | −0.045% | $90K | $148K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,033.5 | −0.084% | $732K | $1.2M | 10x | as long as short |
| tradeXYZ xyz:MUshort | +0.0179% | 1h | 1,033.9 | −0.045% | $175.3M | $75.8M | 10x | |
| Deribit MU_USDC-PERPETUAL | +0.0185% | 1h | 1,034 | −0.041% | $42K | $702K | 10x | as long as short |
| Bullet MU-USD | +0.0212% | 1h | 1,034.3 | −0.008% | $24K | $386K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0272% | 1h | 1,033.3 | −0.104% | $549K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0310% | 1h | 1,033.4 | −0.094% | $529K | $269K | 15x | as long as short |
Lighter RH MU
Aftermath Perps MUUSD
Injective MU/USDC PERP
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Bybit MUUSDT
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
GRVT MU_USDT_Perp
BloFin MU-USDT
Nado MU-PERP
Lighter MU
Arcus MU-USD
Coinbase International MU-PERP-INTX
Deribit MU_USDC-PERPETUAL
Bullet MU-USD
Extended MU_24_5-USD
Phoenix MU