MU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0066%/8h= −7.2% APRnext payment −$0.08 per $10,000 · paid last 24h −0.015%

Price spread now: QFEX against Pacifica+0.034%7-day average +0.018% · 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−$26as in the Price arb table

costs, in and out, $10k−$280.275% of the position

Long on Pacifica Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.034%, 7d avg +0.018%

Together, before fees+0.015%+ Points / potential airdropPacifica: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, 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	Pacifica MU	1,051.6	0.0100	pay 0.0013% / 1h	38m 36s	$148K	$185K	10x
Short	QFEX MU-USD	1,052	0.0034	get 0.0004% / 1h	38m 36s	$7.2M	$18.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Pacifica. 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 PacificabpFee QFEXbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$13.76
Price spread: +0.034% → +0.018%: $1.61
Slippage, 4 orders: −$9.52
Fee Pacifica: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$39.67
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from Pacifica: live order book, 19 min ago; QFEX: live order book, 11 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 Pacifica live order book, 19 min ago	2.19 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 11 min ago	0.81 bp	6.2 bp −$6	6.2 bp −$62	11.5 bp −$1,151	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	−0.0746%	4h	1,052.4	+0.070%	$1.3M	$671K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.1	+0.046%	$31.2M	$99.8M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.3	+0.062%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052	+0.037%	$62.3M	$27.4M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.6	+0.087%	$82K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.7	+0.007%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054	+0.224%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.3	+0.060%	$131K	$436K	50x	as long as short
Aster MUUSD1	+0.0005%	8h	1,052.1	+0.041%	$21.4M	$55.0M	20x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,052.3	+0.062%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MUUSDT	+0.0020%	8h	1,052.5	+0.079%	$19.1M	$32.3M	100x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.1	+0.042%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.6	−0.007%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.027%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0034%	1h	1,052.3	+0.063%	$25K	$398K	10x	as long as short
QFEX MU-USDshort	+0.0034%	1h	1,052	+0.034%	$7.2M	$18.0M	10x
Variational Omni MU	+0.0036%	8h	1,052.5	+0.080%	$2.7M	$2.4M	—	as long as short
Lighter MU	+0.0040%	1h	1,052.1	+0.046%	$1.1M	$5.1M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,052	+0.033%	$71K	$234K	10x	as long as short
Nado MU-PERP	+0.0041%	1h	1,051.7	+0.008%	$282K	$843K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.3	+0.158%	—	$176K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.9	+0.025%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.1	+0.043%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.6	−0.009%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,052.2	+0.054%	$2K	—	5x	as long as short
Binance MUUSDT	+0.0070%	8h	1,052.2	+0.055%	$126.8M	$517.1M	50x	as long as short
tradeXYZ xyz:MU	+0.0075%	1h	1,052	+0.034%	$178.8M	$99.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.1	+0.047%	$758K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,051.8	+0.016%	$32K	$1K	10x	as long as short
Pacifica MUlong	+0.0100%	1h	1,051.6	long leg	$148K	$185K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,051.9	+0.021%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,053	+0.133%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.9	+0.023%	$836	$799	20x	as long as short
Bitget MUUSDT	+0.0118%	8h	1,052.2	+0.048%	$20.6M	$41.1M	50x	as long as short
BloFin MU-USDT	+0.0190%	8h	1,052.3	+0.058%	$1.5M	$2.0M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0197%	1h	1,051.9	+0.028%	$69K	$417K	10x	as long as short
Phoenix MU	+0.0304%	1h	1,052.6	+0.091%	$538K	$271K	15x	as long as short