Funding you earn now, next payment 05:00 UTC+0.0007%/8h= +0.7% APRnext payment +$0.01 per $10,000 · paid last 24h +0.023%
Price spread now: Bullet against QFEX+0.039%7-day average +0.024% · 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−$24as in the Price arb table
costs, in and out, $10k−$260.259% of the position
Funding, last 3 days (all we have)+0.114%+$11 on $10k
+Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.039%, 7d avg +0.024%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MU-USD | 1,042.9 | 0.0032 | pay 0.0004% / 1h | 3m 46s | $7.0M | $18.0M | 10x |
| Short | Bullet MU-USD | 1,043.3 | 0.0038 | get 0.0005% / 1h | 3m 46s | $26K | $392K | 10x |
QFEX MU-USD
Bullet MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against QFEX. 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
- $1.39
- Price spread: +0.039% → +0.024%
- $1.49
- Slippage, 4 orders
- −$7.94
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$23.06
- Costs to cover
- 0.259%
- Break-even
- 122.7 days
Slippage from QFEX: live order book, 5 min ago; Bullet: live order book, 50 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, 5 min ago | 0.96 bp | 7.2 bp −$7 | 8.4 bp −$84 | 12.4 bp −$1,242 | doesn't fit |
| Sell Bullet live order book, 50 min ago | 0.48 bp | 6.2 bp −$6 | 20.5 bp −$205 | 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 | −0.0615% | 4h | 1,042.3 | −0.053% | $1.3M | $672K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,042.6 | −0.028% | $21.2M | $57.1M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,042 | −0.086% | $123.3M | $525.5M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,042 | −0.090% | $18.6M | $31.9M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,041.7 | −0.119% | $30.7M | $99.6M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,041.7 | −0.117% | $336K | $354K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,041.6 | −0.121% | $61.9M | $28.1M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,042.6 | −0.026% | $20.5M | $41.7M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,043.3 | +0.040% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,042.5 | −0.040% | $83K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,043.2 | +0.029% | $189K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,044.9 | +0.188% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,043 | +0.006% | $130K | $435K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0023% | 1h | 1,042.5 | −0.034% | $3K | $44K | 10x | as long as short |
| Nado MU-PERP | +0.0031% | 1h | 1,042.8 | −0.011% | $281K | $823K | 10x | as long as short |
| QFEX MU-USDlong | +0.0032% | 1h | 1,042.9 | long leg | $7.0M | $18.0M | 10x | |
| Lighter MU | +0.0032% | 1h | 1,041.9 | −0.100% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,042.4 | −0.051% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,041.2 | −0.162% | $553K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.812% | $19K | $5K | 12x | as long as short |
| Bullet MU-USDshort | +0.0038% | 1h | 1,043.3 | +0.039% | $26K | $392K | 10x | |
| Arcus MU-USD | +0.0040% | 1h | 1,042.6 | −0.025% | $70K | $232K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,043.3 | +0.036% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,041.9 | −0.095% | $177.2M | $94.9M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,042.9 | +0.001% | $169K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,043.2 | +0.028% | $685K | $16K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0050% | 8h | 1,042.2 | −0.069% | $2K | — | 5x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,042 | −0.082% | $1.9M | $2.3M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,042.8 | −0.004% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,042.2 | −0.070% | $147K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,042.5 | −0.039% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,042.3 | −0.058% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,043.3 | +0.040% | $829 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,044.6 | +0.164% | $749K | $1.2M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,042.9 | +0.002% | $1.5M | $2.0M | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0143% | 1h | 1,043.2 | +0.031% | $73K | $492K | 10x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,043.1 | +0.020% | $534K | $271K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Nado MU-PERP
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Paradex MU-USD-PERP
Ondo Perps MU-USD.P
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Deribit MU_USDC-PERPETUAL
Phoenix MU