Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.4% APRnext payment +$0.02 per $10,000 · paid last 24h −0.006%
Price spread now: Injective against QFEX+1.320%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Injective is 1.320% dearer against QFEX than usual: you sell high and buy low: +$132 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MU-USD | 1,037.7 | 0.0021 | pay 0.0003% / 1h | 48m 28s | $7.0M | $18.8M | 10x |
| Short | Injective MU/USDC PERP | 1,051.4 | 0.0033 | get 0.0004% / 1h | 48m 28s | $19K | $5K | 12x |
QFEX MU-USD
Injective MU/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $2.62
- Price spread: +1.320% → 0.000%
- $132.03
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $124.62
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: QFEX: live order book, 6 min ago; Injective: no order-book sample. Net counts fees only.
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 | 0.77 bp | 7.3 bp −$7 | 7.5 bp −$75 | 11.8 bp −$1,176 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0547% | 4h | 1,036.2 | −0.141% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0216% | 8h | 1,037.4 | −0.022% | $20.2M | $40.1M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,037.7 | +0.008% | $21.1M | $64.8M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,037.3 | −0.032% | $122.1M | $538.3M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,037.4 | −0.030% | $18.7M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,037.5 | −0.019% | $29.8M | $100.1M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,037.8 | +0.018% | $313K | $385K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,037.7 | +0.002% | $61.5M | $28.2M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,036.2 | −0.138% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,036.4 | −0.121% | $71K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
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 | 1,036.5 | −0.116% | $187K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039.4 | +0.167% | $11K | $5.6M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,037.5 | −0.019% | $74K | $593K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,037.3 | −0.037% | $128K | $460K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0016% | 1h | 1,036.2 | −0.137% | $3K | $44K | 10x | as long as short |
| QFEX MU-USDlong | +0.0021% | 1h | 1,037.7 | long leg | $7.0M | $18.8M | 10x | |
| Nado MU-PERP | +0.0032% | 1h | 1,037.2 | −0.046% | $279K | $808K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,037.7 | +0.008% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,037.2 | −0.043% | $546K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERPshort | +0.0033% | 1h | 1,051.4 | +1.320% | $19K | $5K | 12x | |
| Arcus MU-USD | +0.0040% | 1h | 1,036.4 | −0.123% | $90K | $244K | 10x | as long as short |
| Bullet MU-USD | +0.0044% | 1h | 1,037.6 | −0.005% | $25K | $389K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,037.4 | −0.029% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,037 | −0.064% | $176.3M | $84.0M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,037 | −0.064% | $168K | $195K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,037.4 | −0.028% | $681K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,035.7 | −0.194% | $1.8M | $2.7M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,037.8 | +0.011% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0072% | 1h | 1,037.9 | +0.018% | $1.0M | $4.9M | 20x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.2 | −0.046% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,038.8 | +0.108% | $734K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,037.7 | 0.000% | $147K | $188K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,037.6 | −0.011% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,036.5 | −0.108% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,037.6 | −0.003% | $825 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,037.8 | +0.011% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0232% | 1h | 1,035.6 | −0.199% | $530K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSD
Nado MU-PERP
Lighter RH MU
Extended MU_24_5-USD
Arcus MU-USD
Bullet MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Lighter MU
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU