MU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0130%/8h= −14.2% APRnext payment −$0.16 per $10,000 · paid last 24h −0.057%

Price spread now: QFEX against Coinbase International+0.199%7-day average +0.023% · 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−$14as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Coinbase International Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.098%−$10 on $10k

Price spread, last 3 days (all we have)−0.125%−$12 · spread now +0.199%, 7d avg +0.023%

Together, before fees−0.223%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.176% dearer against Coinbase International than usual: you sell high and buy low (spread +0.199% now, against its 7-day average of +0.023%): +$18 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,048.4	0.0184	pay 0.0023% / 1h	23m 48s	$759K	$1.2M	10x
Short	QFEX MU-USD	1,050.5	0.0054	get 0.0007% / 1h	23m 48s	$7.7M	$22.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Coinbase International. 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 Coinbase InternationalbpFee QFEXbpOrdersPrice spread, now +0.199%Rate

Funding earned: −$27.25
Price spread: +0.199% → +0.023%: $17.63
Slippage, 4 orders: −$11.35
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$40.97
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago	4.42 bp	9.4 bp −$9	13.6 bp −$136	38.9 bp −$3,890	doesn't fit
Sell QFEX live order book, 5 min ago	0.90 bp	5.9 bp −$6	5.9 bp −$59	12.1 bp −$1,214	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	−0.0576%	4h	1,052.5	+0.398%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.1	+0.168%	$62.8M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.3	+0.188%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.7	+0.315%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.2	+0.178%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.4	+0.198%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.2	+0.175%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.286%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,050.3	+0.187%	$1.1M	$4.8M	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.4	+0.293%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,050	+0.156%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.7	+0.127%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USDshort	+0.0054%	1h	1,050.5	+0.199%	$7.7M	$22.0M	10x
Nado MU-PERP	+0.0085%	1h	1,049.7	+0.126%	$274K	$857K	10x	as long as short
Paradex MU-USD-PERP	+0.0092%	8h	1,050.5	+0.204%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,050.6	+0.216%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050	+0.159%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	+0.343%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.5	+0.203%	$835	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0104%	8h	1,050.5	+0.203%	$30.9M	$101.8M	50x	as long as short
SoDEX MU-USD	+0.0119%	1h	1,050.3	+0.187%	$689K	$16K	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,050	+0.157%	$32K	$1K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0169%	1h	1,049.9	+0.150%	$64K	$304K	10x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0184%	1h	1,048.4	long leg	$759K	$1.2M	10x
Bybit MUUSDT	+0.0197%	8h	1,050.7	+0.224%	$19.4M	$32.6M	100x	as long as short
Bullet MU-USD	+0.0219%	1h	1,050.5	+0.204%	$26K	$396K	10x	as long as short
Variational Omni MU	+0.0224%	8h	1,051.7	+0.314%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0235%	8h	1,050.3	+0.186%	$21.6M	$48.3M	20x	as long as short
Binance MUUSDT	+0.0237%	8h	1,050.4	+0.193%	$126.0M	$522.7M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,051.1	+0.259%	$71K	$243K	10x	as long as short
tradeXYZ xyz:MU	+0.0247%	1h	1,050	+0.156%	$178.3M	$100.3M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,050.4	+0.198%	$316K	$339K	20x	as long as short
BloFin MU-USDT	+0.0355%	8h	1,051.3	+0.278%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0377%	8h	1,050.4	+0.196%	$20.6M	$41.6M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.2	+0.176%	$537K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0384%	1h	1,049.6	+0.115%	$570K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0551%	8h	1,052.6	+0.402%	$83K	$1.3M	10x	as long as short