MU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: QFEX against Ondo Perps−0.071%7-day average +0.046% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 7 days+0.259%+$26 · spread now −0.071%, 7d avg +0.046%

Together, before fees+0.249%+ Points / potential airdropOndo Perps: Active · farm board+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and QFEX is 0.116% cheaper against Ondo Perps than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MU-USD.P	1,049.1	0.0050	pay 0.0006% / 1h	56m 12s	$1.9M	$2.4M	10x
Short	QFEX MU-USD	1,048.3	0.0040	get 0.0005% / 1h	56m 12s	$7.5M	$20.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee QFEXbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$2.25
Price spread: −0.071% → +0.046%: −$11.61
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$28.86
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; QFEX: live order book, 13 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell QFEX live order book, 13 min ago	0.81 bp	5.8 bp −$6	5.8 bp −$58	11.3 bp −$1,126	doesn't fit

Ondo Perps: 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	−0.0855%	4h	1,050.5	+0.132%	$1.3M	$670K	10x	as long as short
Nado MU-PERP	−0.0006%	1h	1,048.3	−0.078%	$271K	$859K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,048.5	−0.059%	$62.3M	$27.3M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.1	+0.004%	$190K	$3.3M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,048.6	−0.045%	$26K	$397K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,049.6	+0.051%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.3	−0.074%	$65K	$315K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.2	−0.081%	$129K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,049.7	+0.057%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,048.5	−0.051%	$1.1M	$4.8M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,048.6	−0.050%	$1.2M	$4.1M	10x	as long as short
QFEX MU-USDshort	+0.0040%	1h	1,048.3	−0.071%	$7.5M	$20.9M	10x
Arcus MU-USD	+0.0040%	1h	1,049.6	+0.052%	$71K	$242K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,049.7	+0.058%	—	$179K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,048.4	−0.064%	$177.9M	$100.3M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.4	−0.064%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,048.7	−0.040%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.Plong	+0.0050%	1h	1,049.1	long leg	$1.9M	$2.4M	10x
Paradex MU-USD-PERP	+0.0078%	8h	1,048.5	−0.057%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0094%	8h	1,048.7	−0.037%	$30.9M	$101.4M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048.8	−0.027%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,048.6	−0.042%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.4	+0.125%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.9	−0.020%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.218%	$19K	$5K	12x	as long as short
Bybit MUUSDT	+0.0113%	8h	1,048.9	−0.013%	$19.3M	$32.7M	100x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,049.6	+0.049%	$761K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0144%	1h	1,048.3	−0.072%	$32K	$1K	10x	as long as short
Extended MU_24_5-USD	+0.0168%	1h	1,048.2	−0.080%	$563K	$1.2M	10x	as long as short
Variational Omni MU	+0.0251%	8h	1,048.5	−0.053%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0262%	8h	1,049.1	+0.006%	$21.6M	$49.1M	20x	as long as short
Binance MUUSDT	+0.0266%	8h	1,048.7	−0.033%	$125.8M	$523.0M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.9	+0.174%	$538K	$273K	15x	as long as short
Bitget MUUSDT	+0.0386%	8h	1,048.8	−0.031%	$20.5M	$41.6M	50x	as long as short
BloFin MU-USDT	+0.0388%	8h	1,049.6	+0.051%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,048.7	−0.038%	$315K	$340K	20x	as long as short
GRVT MU_USDT_Perp	+0.0514%	8h	1,050.4	+0.127%	$83K	$1.3M	10x	as long as short