MU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0079%/8h= −8.7% APRnext payment −$0.10 per $10,000 · paid last 24h −0.016%

Price spread now: QFEX against Pacifica+0.003%7-day average +0.018% · 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−$320.320% of the position

Long on Pacifica Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.003%, 7d avg +0.018%

Together, before fees+0.010%+ Points / potential airdropPacifica: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MU	1,035.4	0.0100	pay 0.0013% / 1h	56m 25s	$147K	$188K	10x
Short	QFEX MU-USD	1,035.5	0.0021	get 0.0003% / 1h	56m 25s	$7.0M	$18.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Pacifica. 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 PacificabpFee QFEXbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$16.62
Price spread: +0.003% → +0.018%: −$1.47
Slippage, 4 orders: −$14.03
Fee Pacifica: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$50.12
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from Pacifica: live order book, 46 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 Pacifica live order book, 46 min ago	2.90 bp	7.0 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 8 min ago	0.34 bp	6.9 bp −$7	7.0 bp −$70	12.1 bp −$1,208	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
Bitget MUUSDT	−0.0189%	8h	1,036	+0.051%	$20.1M	$40.2M	50x	as long as short
edgeX MUUSDC	−0.0002%	4h	1,036.3	+0.081%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,035.8	+0.034%	$21.1M	$64.3M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,035.6	+0.015%	$122.0M	$538.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,035.5	+0.010%	$18.7M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,035.7	+0.026%	$29.7M	$99.9M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,035.7	+0.029%	$312K	$386K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,035.5	+0.010%	$61.3M	$28.2M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.4	+0.098%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.8	+0.137%	$83K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,036.1	+0.069%	$187K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,037.3	+0.182%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,035.5	+0.007%	$74K	$589K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,035.5	+0.012%	$127K	$460K	50x	as long as short
Nado MU-PERP	+0.0012%	1h	1,035.4	−0.001%	$277K	$809K	10x	as long as short
Aftermath Perps MUUSD	+0.0016%	1h	1,036.1	+0.063%	$3K	$44K	10x	as long as short
QFEX MU-USDshort	+0.0021%	1h	1,035.5	+0.003%	$7.0M	$18.8M	10x
Bullet MU-USD	+0.0030%	1h	1,035.7	+0.025%	$25K	$390K	10x	as long as short
Lighter MU	+0.0032%	1h	1,035.7	+0.025%	$1.0M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,035.6	+0.015%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,035.1	−0.028%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.540%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,035.7	+0.029%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,035.6	+0.020%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,035.1	−0.031%	$176.0M	$85.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,035.3	−0.012%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,035.6	+0.016%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,035.3	−0.012%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,035.5	+0.006%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,035.2	−0.020%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.8	+0.325%	$734K	$1.2M	10x	as long as short
Pacifica MUlong	+0.0100%	1h	1,035.4	long leg	$147K	$188K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,035.3	−0.012%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,036.1	+0.070%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,035.6	+0.013%	$823	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036	+0.052%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,036.8	+0.133%	$530K	$270K	15x	as long as short