MU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.08 per $10,000 · paid last 24h +0.015%

Price spread now: ApeX Omni against QFEX−0.015%56s7-day average +0.014% · 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—prices read too far apart to compare

costs, in and out, $10k−$500.502% of the position

Long on QFEX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.015%, 7d avg +0.014%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.029% cheaper against QFEX than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.014%). If the spread goes back, that is −$3 on $10k: about 35 hours of funding at the current rate (+$2 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MU-USD	1,052.2	0.0034	pay 0.0004% / 1h	7m 48s	$7.1M	$17.8M	10x
Short	ApeX Omni MUUSDT	1,052	0.0100	get 0.0013% / 1h	7m 48s	$71K	$268K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against QFEX. 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 QFEXbpFee ApeX OmnibpOrdersPrice spread, now −0.015%Rate

Funding earned: $13.76
Price spread: −0.015% → +0.014%: −$2.88
Slippage, 4 orders: −$30.2
Fee QFEX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$39.32
Costs to cover: 0.502%
Break-even: 27.0 days

Slippage from QFEX: live order book, 6 min ago; ApeX Omni: live order book, 49 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 QFEX live order book, 6 min ago	0.76 bp	6.4 bp −$6	8.0 bp −$80	11.4 bp −$1,145	doesn't fit
Sell ApeX Omni live order book, 49 min ago	7.55 bp	19.4 bp −$19	189.5 bp −$1,895	doesn't fit	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	−0.0884%	4h	1,052	−0.024%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,052.4	+0.023%	$21.4M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.3	+0.010%	$31.2M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.4	+0.021%	$340K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.2	−0.004%	$62.3M	$27.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,051.9	−0.026%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.4	+0.018%	$81K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,052.2	−0.001%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.6	+0.042%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,051.9	−0.026%	$72K	$447K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,052	−0.015%	$131K	$434K	50x	as long as short
Bybit MUUSDT	+0.0014%	8h	1,052.4	+0.016%	$19.1M	$32.2M	100x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,052	−0.016%	$3K	$44K	10x	as long as short
Binance MUUSDT	+0.0031%	8h	1,052.3	+0.008%	$126.6M	$516.3M	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.3	+0.005%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.7	−0.043%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.080%	$19K	$5K	12x	as long as short
QFEX MU-USDlong	+0.0034%	1h	1,052.2	long leg	$7.1M	$17.8M	10x
Arcus MU-USD	+0.0040%	1h	1,051.9	−0.029%	$71K	$234K	10x	as long as short
Nado MU-PERP	+0.0043%	1h	1,052.1	−0.007%	$282K	$836K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.4	+0.110%	—	$176K	25x	as long as short
Bullet MU-USD	+0.0046%	1h	1,052.4	+0.016%	$26K	$395K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.9	−0.029%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.2	−0.005%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.4	−0.081%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,052.3	+0.011%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.3	+0.010%	$1.1M	$5.1M	20x	as long as short
Bitget MUUSDT	+0.0059%	8h	1,052.3	+0.010%	$20.5M	$41.1M	50x	as long as short
tradeXYZ xyz:MU	+0.0067%	1h	1,052	−0.019%	$178.8M	$97.8M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.9	+0.066%	$759K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0088%	1h	1,051.8	−0.036%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.2	+0.003%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.1	−0.011%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDTshort	+0.0100%	1h	1,052	−0.015%	$71K	$268K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.1	−0.008%	$836	$799	20x	as long as short
BloFin MU-USDT	+0.0135%	8h	1,052.5	+0.025%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.4	+0.019%	$538K	$271K	15x	as long as short