Funding you earn now, next payment 11:00 UTC−0.0048%/8h= −5.2% APRnext payment −$0.06 per $10,000 · paid last 24h −0.034%
Price spread now: QFEX against Deribit−0.084%7-day average +0.010% · 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−$43as in the Price arb table
costs, in and out, $10k−$340.338% of the position
Funding, last 4 days (all we have)−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.084%, 7d avg +0.010%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.094% cheaper against Deribit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MU_USDC-PERPETUAL | 1,041.2 | 0.0106 | pay 0.0013% / 1h | 59m 02s | $32K | $731K | 10x |
| Short | QFEX MU-USD | 1,040.3 | 0.0058 | get 0.0007% / 1h | 59m 02s | $7.0M | $19.4M | 10x |
Deribit MU_USDC-PERPETUAL
QFEX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Deribit. 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
- −$10.06
- Price spread: −0.084% → +0.010%
- −$9.36
- Slippage, 4 orders
- −$16.75
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$53.17
- Costs to cover
- 0.338%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 48 min ago; QFEX: 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 Deribit live order book, 48 min ago | 0.05 bp | 14.5 bp −$15 | 22.0 bp −$220 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 8 min ago | 0.58 bp | 5.7 bp −$6 | 5.7 bp −$57 | 10.1 bp −$1,007 | 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 | −0.0231% | 4h | 1,040.1 | −0.099% | $1.3M | $696K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,041.4 | +0.025% | $21.3M | $73.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,041.1 | −0.010% | $122.3M | $554.9M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,041 | −0.013% | $29.9M | $107.2M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,041.3 | +0.013% | $61.5M | $27.3M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,041.1 | −0.012% | $19.8M | $43.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,040.1 | −0.100% | $2.6M | $2.5M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,039.7 | −0.139% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,042.1 | +0.090% | $11K | $5.0M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,041.3 | +0.016% | $120K | $473K | 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 | 1,041.5 | +0.028% | $1.1M | $4.4M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.979% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0037% | 1h | 1,040 | −0.109% | $3K | $41K | 10x | as long as short |
| RISEx MU/USDC | +0.0045% | 1h | 1,040.6 | −0.053% | $299K | $334K | 20x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,041.7 | +0.046% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,040.5 | −0.064% | $170K | $163K | 10x | as long as short |
| Nado MU-PERP | +0.0050% | 1h | 1,040.2 | −0.097% | $276K | $834K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,039.3 | −0.176% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USDshort | +0.0058% | 1h | 1,040.3 | −0.084% | $7.0M | $19.4M | 10x | |
| Paradex MU-USD-PERP | +0.0080% | 8h | 1,040.3 | −0.087% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,041.1 | −0.008% | $32K | $1K | 10x | as long as short |
| Bybit MUUSDT | +0.0100% | 8h | 1,041.5 | +0.033% | $18.9M | $32.3M | 100x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,040 | −0.109% | $152K | $227K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,040.8 | −0.040% | $5.2M | $6.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,039.9 | −0.124% | $71K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,040.7 | −0.041% | $827 | $799 | 20x | as long as short |
| Deribit MU_USDC-PERPETUALlong | +0.0106% | 1h | 1,041.2 | long leg | $32K | $731K | 10x | |
| BloFin MU-USDT | +0.0120% | 8h | 1,041.6 | +0.045% | $1.5M | $2.7M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0136% | 1h | 1,037.9 | −0.316% | $727K | $1.2M | 10x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,040.2 | −0.093% | $90K | $160K | 10x | as long as short |
| Lighter MU | +0.0152% | 1h | 1,041.6 | +0.042% | $1.0M | $4.9M | 20x | as long as short |
| GRVT MU_USDT_Perp | +0.0157% | 8h | 1,040.5 | −0.067% | $73K | $1.4M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0289% | 1h | 1,041.1 | −0.007% | $178.0M | $75.1M | 10x | as long as short |
| Bullet MU-USD | +0.0298% | 1h | 1,041.4 | +0.017% | $26K | $383K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0304% | 1h | 1,040.2 | −0.090% | $552K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0308% | 1h | 1,040.7 | −0.045% | $533K | $159K | 15x | as long as short |
| SoDEX MU-USD | +0.0458% | 1h | 1,040.7 | −0.047% | $684K | $14K | 10x | as long as short |
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
RISEx MU/USDC
Vest MU-USD-PERP
Polymarket Perps MU-USD
Nado MU-PERP
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
BloFin MU-USDT
Coinbase International MU-PERP-INTX
Arcus MU-USD
Lighter MU
GRVT MU_USDT_Perp
tradeXYZ xyz:MU
Bullet MU-USD
Extended MU_24_5-USD
Phoenix MU
SoDEX MU-USD