Funding you earn now, next payment 11:00 UTC+0.0058%/8h= +6.3% APRnext payment +$0.07 per $10,000 · paid last 24h −0.034%
Price spread now: QFEX against Deribit+0.014%7-day average +0.010% · 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−$34as in the Price arb table
costs, in and out, $10k−$340.341% of the position
Funding, last 4 days (all we have)−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now +0.014%, 7d avg +0.010%
=The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MU_USDC-PERPETUAL | 1,038.6 | 0 | get 0.0000% / 1h | 45m 23s | $34K | $725K | 10x |
| Short | QFEX MU-USD | 1,038.8 | 0.0058 | get 0.0007% / 1h | 45m 23s | $7.0M | $19.3M | 10x |
Deribit MU_USDC-PERPETUAL
QFEX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Deribit. 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
- $12.1
- Price spread: +0.014% → +0.010%
- $0.44
- Slippage, 4 orders
- −$17.08
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$21.54
- Costs to cover
- 0.341%
- Break-even
- 19.5 days
Slippage from Deribit: live order book, 2 min ago; QFEX: live order book, 7 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 Deribit live order book, 2 min ago | 0.05 bp | 14.5 bp −$15 | 22.0 bp −$220 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 1.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 10.2 bp −$1,017 | doesn't fit |
MU on 37 exchanges
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 | −0.0300% | 4h | 1,039.7 | +0.098% | $1.3M | $696K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,039.4 | +0.072% | $21.2M | $73.5M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.9 | +0.027% | $121.6M | $555.5M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,039 | +0.036% | $29.7M | $107.8M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.9 | +0.028% | $61.4M | $28.0M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,039.1 | +0.043% | $19.8M | $43.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,039.1 | +0.041% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,039.6 | +0.096% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,041 | +0.223% | $11K | $5.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUALlong | 0.0000% | 1h | 1,038.6 | long leg | $34K | $725K | 10x |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDTShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,039.2 | +0.053% | $119K | $474K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,038.8 | +0.020% | $1.2M | $4.5M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.226% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0035% | 1h | 1,039 | +0.040% | $3K | $41K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,040 | +0.133% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,038.7 | +0.007% | $169K | $171K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,039.2 | +0.050% | $683K | $14K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.4 | −0.118% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USDshort | +0.0058% | 1h | 1,038.8 | +0.014% | $7.0M | $19.3M | 10x | |
| Bybit MUUSDT | +0.0069% | 8h | 1,039.2 | +0.054% | $18.8M | $32.3M | 100x | as long as short |
| Paradex MU-USD-PERP | +0.0080% | 8h | 1,038.7 | +0.006% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,038.5 | −0.012% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,038.6 | −0.003% | $150K | $227K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038.6 | −0.001% | $5.2M | $6.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,039.8 | +0.114% | $71K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,038.9 | +0.029% | $826 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0118% | 1h | 1,039.2 | +0.059% | $299K | $351K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,040 | +0.135% | $1.5M | $2.6M | 20x | as long as short |
| Nado MU-PERP | +0.0122% | 1h | 1,038.3 | −0.028% | $276K | $841K | 10x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,038.4 | −0.024% | $90K | $148K | 10x | as long as short |
| Lighter MU | +0.0184% | 1h | 1,038.6 | −0.008% | $1.0M | $5.0M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0192% | 1h | 1,038.5 | −0.015% | $727K | $1.2M | 10x | as long as short |
| Bullet MU-USD | +0.0204% | 1h | 1,039.2 | +0.053% | $24K | $385K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0221% | 8h | 1,040.4 | +0.174% | $73K | $1.4M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0235% | 1h | 1,038.9 | +0.026% | $177.2M | $75.7M | 10x | as long as short |
| Phoenix MU | +0.0308% | 1h | 1,040.4 | +0.170% | $532K | $159K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0336% | 1h | 1,037.6 | −0.099% | $551K | $1.1M | 10x | as long as short |
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Bybit MUUSDT
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
BloFin MU-USDT
Nado MU-PERP
Arcus MU-USD
Lighter MU
Coinbase International MU-PERP-INTX
Bullet MU-USD
GRVT MU_USDT_Perp
tradeXYZ xyz:MU
Phoenix MU
Extended MU_24_5-USD