Funding you earn now, next payment 10:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.19 per $10,000 · paid last 24h −0.017%
Price spread now: QFEX against Bullet−0.005%7-day average −0.023% · 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−$24as in the Price arb table
costs, in and out, $10k−$250.255% of the position
Funding, last 4 days (all we have)−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.005%, 7d avg −0.023%
=The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet MU-USD | 1,039.3 | 0.0210 | pay 0.0026% / 1h | 1m 53s | $25K | $386K | 10x |
| Short | QFEX MU-USD | 1,039.3 | 0.0059 | get 0.0007% / 1h | 1m 53s | $7.0M | $19.2M | 10x |
Bullet MU-USD
QFEX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Bullet. 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
- −$31.83
- Price spread: −0.005% → −0.023%
- $1.78
- Slippage, 4 orders
- −$7.48
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$55.52
- Costs to cover
- 0.255%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 50 min ago; QFEX: live order book, 5 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 Bullet live order book, 50 min ago | 0.48 bp | 6.2 bp −$6 | 20.3 bp −$203 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.39 bp | 6.4 bp −$6 | 6.5 bp −$65 | 9.9 bp −$990 | 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 | −0.0723% | 4h | 1,039.3 | +0.001% | $1.3M | $695K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,039.6 | +0.026% | $21.2M | $73.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,039.2 | −0.009% | $121.5M | $555.0M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,039.4 | +0.002% | $29.6M | $107.9M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,039 | −0.032% | $61.1M | $28.4M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,039.1 | −0.022% | $19.9M | $43.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,039.1 | −0.023% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,037.5 | −0.177% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,040.9 | +0.149% | $11K | $5.1M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,039 | −0.033% | $119K | $474K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit MU_USDC-PERPETUAL | +0.0010% | 1h | 1,038.6 | −0.067% | $38K | $713K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,039.2 | −0.009% | $1.2M | $4.6M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0033% | 1h | 1,037.6 | −0.162% | $3K | $42K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.157% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,040.3 | +0.091% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,039.1 | −0.022% | $168K | $178K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,039.1 | −0.019% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USDshort | +0.0059% | 1h | 1,039.3 | −0.005% | $7.0M | $19.2M | 10x | |
| Bybit MUUSDT | +0.0071% | 8h | 1,039.5 | +0.014% | $18.8M | $32.6M | 100x | as long as short |
| Paradex MU-USD-PERP | +0.0079% | 8h | 1,039.9 | +0.052% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,039.1 | −0.022% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,039.5 | +0.018% | $147K | $223K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,039.1 | −0.021% | $5.2M | $5.8M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.5 | −0.083% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,039.2 | −0.010% | $826 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0107% | 1h | 1,039.2 | −0.016% | $299K | $354K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,040 | +0.064% | $1.4M | $2.5M | 20x | as long as short |
| Nado MU-PERP | +0.0125% | 1h | 1,039.4 | +0.004% | $275K | $842K | 10x | as long as short |
| SoDEX MU-USD | +0.0131% | 1h | 1,039.2 | −0.015% | $682K | $13K | 10x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,039 | −0.034% | $91K | $149K | 10x | as long as short |
| Lighter MU | +0.0144% | 1h | 1,039.3 | −0.007% | $1.0M | $5.1M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,038.4 | −0.089% | $739K | $1.1M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0189% | 1h | 1,039 | −0.032% | $177.1M | $75.9M | 10x | as long as short |
| Bullet MU-USDlong | +0.0210% | 1h | 1,039.3 | long leg | $25K | $386K | 10x | |
| GRVT MU_USDT_Perp | +0.0215% | 8h | 1,038.1 | −0.114% | $81K | $1.4M | 10x | as long as short |
| Phoenix MU | +0.0310% | 1h | 1,039.6 | +0.026% | $532K | $269K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0344% | 1h | 1,038.8 | −0.055% | $553K | $1.1M | 10x | as long as short |
Deribit MU_USDC-PERPETUAL
Lighter RH MU
Aftermath Perps MUUSD
Injective MU/USDC PERP
Vest MU-USD-PERP
Polymarket Perps 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
BloFin MU-USDT
Nado MU-PERP
SoDEX MU-USD
Arcus MU-USD
Lighter MU
Coinbase International MU-PERP-INTX
tradeXYZ xyz:MU
GRVT MU_USDT_Perp
Phoenix MU
Extended MU_24_5-USD