Funding you earn now, next payment 11:00 UTC−0.0181%/8h= −19.8% APRnext payment −$0.23 per $10,000 · paid last 24h −0.022%
Price spread now: QFEX against tradeXYZ+0.006%7-day average +0.027% · 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−$34as in the Price arb table
costs, in and out, $10k−$320.323% of the position
Funding, last 4 days (all we have)−0.052%−$5 on $10k
+Price spread, last 7 days−0.003%$0 · spread now +0.006%, 7d avg +0.027%
=Together, before fees−0.054%+ Points / potential airdroptradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and QFEX is 0.021% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.027%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:MU | 1,038.8 | 0.0240 | pay 0.0030% / 1h | 56m 01s | $177.6M | $75.1M | 10x |
| Short | QFEX MU-USD | 1,038.9 | 0.0059 | get 0.0007% / 1h | 56m 01s | $7.0M | $19.4M | 10x |
tradeXYZ xyz:MU
QFEX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against tradeXYZ. 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
- −$38.05
- Price spread: +0.006% → +0.027%
- −$2.11
- Slippage, 4 orders
- −$4.28
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$72.43
- Costs to cover
- 0.323%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; QFEX: live order book, 6 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 tradeXYZ live order book, 7 min ago | 0.48 bp | 10.4 bp −$10 | 11.7 bp −$117 | 16.3 bp −$1,625 | doesn't fit |
| Sell QFEX live order book, 6 min ago | 0.38 bp | 6.5 bp −$7 | 7.7 bp −$77 | 11.8 bp −$1,180 | 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 | −0.0364% | 4h | 1,040.4 | +0.155% | $1.3M | $694K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,039.3 | +0.051% | $21.2M | $73.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.8 | +0.004% | $122.0M | $554.3M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,039 | +0.021% | $29.8M | $106.8M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.8 | −0.004% | $61.3M | $27.3M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,038.9 | +0.007% | $19.8M | $43.7M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,040.1 | +0.128% | $2.6M | $2.5M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,039.1 | +0.028% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,040.8 | +0.193% | $11K | $4.9M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,038.2 | −0.059% | $32K | $733K | 10x | 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
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,038.9 | +0.008% | $119K | $473K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,038.6 | −0.019% | $1.1M | $4.4M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.209% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0037% | 1h | 1,039.1 | +0.027% | $3K | $41K | 10x | as long as short |
| RISEx MU/USDC | +0.0045% | 1h | 1,039.2 | +0.042% | $298K | $334K | 20x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,040.3 | +0.142% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.9 | +0.010% | $169K | $163K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,038.9 | +0.005% | $683K | $14K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.9 | −0.084% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USDshort | +0.0059% | 1h | 1,038.9 | +0.006% | $7.0M | $19.4M | 10x | |
| Paradex MU-USD-PERP | +0.0080% | 8h | 1,039.1 | +0.029% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,038.4 | −0.034% | $32K | $1K | 10x | as long as short |
| Bybit MUUSDT | +0.0087% | 8h | 1,039 | +0.022% | $18.8M | $32.2M | 100x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,039 | +0.018% | $151K | $227K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038.7 | −0.010% | $5.2M | $6.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,039.9 | +0.104% | $71K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.9 | +0.010% | $826 | $799 | 20x | as long as short |
| Lighter MU | +0.0120% | 1h | 1,038.7 | −0.013% | $1.0M | $4.9M | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,039.8 | +0.091% | $1.5M | $2.7M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0136% | 1h | 1,037.9 | −0.089% | $727K | $1.2M | 10x | as long as short |
| Nado MU-PERP | +0.0141% | 1h | 1,038.6 | −0.018% | $276K | $834K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0157% | 8h | 1,040.5 | +0.161% | $73K | $1.4M | 10x | as long as short |
| Arcus MU-USD | +0.0186% | 1h | 1,038.7 | −0.011% | $90K | $159K | 10x | as long as short |
| Bullet MU-USD | +0.0221% | 1h | 1,039.1 | +0.029% | $26K | $383K | 10x | as long as short |
| tradeXYZ xyz:MUlong | +0.0240% | 1h | 1,038.8 | long leg | $177.6M | $75.1M | 10x | |
| Extended MU_24_5-USD | +0.0288% | 1h | 1,038 | −0.077% | $551K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0308% | 1h | 1,041.5 | +0.260% | $533K | $159K | 15x | as long as short |
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
RISEx MU/USDC
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Aevo MU-PERP
Bybit MUUSDT
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Lighter MU
BloFin MU-USDT
Coinbase International MU-PERP-INTX
Nado MU-PERP
GRVT MU_USDT_Perp
Arcus MU-USD
Bullet MU-USD
Extended MU_24_5-USD
Phoenix MU