Funding you earn now, next payment 01:00 UTC+0.0330%/8h= +36.1% APRnext payment +$0.41 per $10,000 · paid last 24h +0.029%
Price spread now: Extended against QFEX−0.084%7-day average −0.030% · 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−$24as in the Price arb table
costs, in and out, $10k−$190.187% of the position
Funding, last 3 days (all we have)+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.084%, 7d avg −0.030%
=Together, before fees+0.040%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.054% cheaper against QFEX than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.030%). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$10 a day). At the pace of the last 3 days (+0.032% in total) that is about 5.9 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.032% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MU-USD | 1,050.5 | 0.0054 | pay 0.0007% / 1h | 23m 47s | $7.7M | $22.0M | 10x |
| Short | Extended MU_24_5-USD | 1,049.6 | 0.0384 | get 0.0048% / 1h | 23m 47s | $570K | $1.2M | 10x |
QFEX MU-USD
Extended MU_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $69.25
- Price spread: −0.084% → −0.030%
- −$5.41
- Slippage, 4 orders
- −$3.69
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $45.15
- Costs to cover
- 0.187%
- Break-even
- 2.4 days
Slippage from QFEX: live order book, 5 min ago; Extended: 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 | 0.90 bp | 5.9 bp −$6 | 8.1 bp −$81 | 12.5 bp −$1,246 | doesn't fit |
| Sell Extended live order book, 4 min ago | 0.05 bp | 2.6 bp −$3 | 8.7 bp −$87 | 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 | −0.0576% | 4h | 1,052.5 | +0.198% | $1.3M | $672K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,050.1 | −0.031% | $62.8M | $28.9M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,050.3 | −0.011% | $190K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,051.7 | +0.115% | $11K | $6.2M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,050.2 | −0.021% | $129K | $424K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,050.4 | −0.001% | $3K | $45K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,050.2 | −0.025% | $1.2M | $4.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.087% | $19K | $5K | 12x | as long as short |
| Lighter MU | +0.0040% | 1h | 1,050.3 | −0.012% | $1.1M | $4.8M | 20x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,051.4 | +0.093% | — | $179K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Lighter MU
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,050 | −0.043% | $171K | $203K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,049.7 | −0.072% | $1.9M | $2.3M | 10x | as long as short |
| QFEX MU-USDlong | +0.0054% | 1h | 1,050.5 | long leg | $7.7M | $22.0M | 10x | |
| Nado MU-PERP | +0.0085% | 1h | 1,049.7 | −0.074% | $274K | $857K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0092% | 8h | 1,050.5 | +0.004% | $2K | — | 5x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,050.6 | +0.017% | $148K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,050 | −0.040% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,052 | +0.144% | $71K | $267K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,050.5 | +0.004% | $835 | $799 | 20x | as long as short |
| OKX MU-USDT-SWAP | +0.0104% | 8h | 1,050.5 | +0.004% | $30.9M | $101.8M | 50x | as long as short |
| SoDEX MU-USD | +0.0119% | 1h | 1,050.3 | −0.012% | $689K | $16K | 10x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,050 | −0.042% | $32K | $1K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0169% | 1h | 1,049.9 | −0.050% | $64K | $304K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,048.4 | −0.199% | $759K | $1.2M | 10x | as long as short |
| Bybit MUUSDT | +0.0197% | 8h | 1,050.7 | +0.025% | $19.4M | $32.6M | 100x | as long as short |
| Bullet MU-USD | +0.0219% | 1h | 1,050.5 | +0.004% | $26K | $396K | 10x | as long as short |
| Variational Omni MU | +0.0224% | 8h | 1,051.7 | +0.114% | $2.7M | $2.4M | — | as long as short |
| Aster MUUSD1 | +0.0235% | 8h | 1,050.3 | −0.013% | $21.6M | $48.3M | 20x | as long as short |
| Binance MUUSDT | +0.0237% | 8h | 1,050.4 | −0.006% | $126.0M | $522.7M | 50x | as long as short |
| Arcus MU-USD | +0.0240% | 1h | 1,051.1 | +0.060% | $71K | $243K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0247% | 1h | 1,050 | −0.043% | $178.3M | $100.3M | 10x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,050.4 | −0.001% | $316K | $339K | 20x | as long as short |
| BloFin MU-USDT | +0.0355% | 8h | 1,051.3 | +0.078% | $1.5M | $2.0M | 20x | as long as short |
| Bitget MUUSDT | +0.0377% | 8h | 1,050.4 | −0.004% | $20.6M | $41.6M | 50x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,050.2 | −0.024% | $537K | $306K | 15x | as long as short |
| Extended MU_24_5-USDshort | +0.0384% | 1h | 1,049.6 | −0.084% | $570K | $1.2M | 10x | |
| GRVT MU_USDT_Perp | +0.0551% | 8h | 1,052.6 | +0.202% | $83K | $1.3M | 10x | as long as short |
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
Nado MU-PERP
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
OKX MU-USDT-SWAP
SoDEX MU-USD
Aevo MU-PERP
Deribit MU_USDC-PERPETUAL
Coinbase International MU-PERP-INTX
Bybit MUUSDT
Bullet MU-USD
Variational Omni MU
Aster MUUSD1
Binance MUUSDT
Arcus MU-USD
tradeXYZ xyz:MU
RISEx MU/USDC
BloFin MU-USDT
Bitget MUUSDT
Phoenix MU
GRVT MU_USDT_Perp