MU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0059%/8h= +6.5% APRnext payment +$0.07 per $10,000 · paid last 24h +0.038%

Price spread now: Coinbase International against QFEX−0.056%7-day average −0.022% · 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−$30as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.104%+$10 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.056%, 7d avg −0.022%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.034% cheaper against QFEX than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of −0.022%). If the spread goes back, that is −$3 on $10k: about 46 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MU-USD	1,038	0.0021	pay 0.0003% / 1h	34m 02s	$7.0M	$18.8M	10x
Short	Coinbase International MU-PERP-INTX	1,037.4	0.0080	get 0.0010% / 1h	34m 02s	$725K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.056%Rate

Funding earned: $12.42
Price spread: −0.056% → −0.022%: −$3.42
Slippage, 4 orders: −$6.69
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$17.69
Costs to cover: 0.267%
Break-even: 17.0 days

Slippage from QFEX: live order book, 5 min ago; Coinbase International: live order book, 4 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	0.82 bp	6.5 bp −$6	6.5 bp −$65	11.1 bp −$1,105	doesn't fit
Sell Coinbase International live order book, 4 min ago	1.54 bp	6.6 bp −$7	10.7 bp −$107	57.2 bp −$5,717	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	−0.0248%	4h	1,037.9	−0.007%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0178%	8h	1,038.3	+0.026%	$20.2M	$40.0M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,037.9	−0.012%	$21.2M	$65.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.7	−0.028%	$122.1M	$538.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037.7	−0.028%	$18.8M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,037.7	−0.028%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.4	+0.035%	$313K	$385K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.9	−0.014%	$61.4M	$28.3M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.7	−0.032%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038	−0.001%	$71K	$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	1,037.7	−0.032%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.8	+0.175%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,037.8	−0.020%	$74K	$608K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037.8	−0.024%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0012%	1h	1,038.1	+0.007%	$25K	$390K	10x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,038	−0.001%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0018%	1h	1,038.1	+0.004%	$279K	$807K	10x	as long as short
QFEX MU-USDlong	+0.0021%	1h	1,038	long leg	$7.0M	$18.8M	10x
Lighter MU	+0.0032%	1h	1,038.1	+0.006%	$1.0M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.9	−0.013%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.5	−0.048%	$545K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.285%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.5	−0.054%	$90K	$245K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.3	+0.024%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.8	−0.021%	$176.4M	$82.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.9	−0.012%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038	−0.007%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.5	−0.053%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,038.1	+0.006%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.6	−0.037%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0080%	1h	1,037.4	−0.056%	$725K	$1.2M	10x
Pacifica MU	+0.0100%	1h	1,038	−0.001%	$147K	$188K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.6	−0.040%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.9	−0.014%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.9	−0.011%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.3	+0.027%	$1.4M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.3	+0.027%	$531K	$270K	15x	as long as short