MU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0079%/8h= +8.7% APRnext payment +$0.10 per $10,000 · paid last 24h +0.016%

Price spread now: ApeX Omni against QFEX−0.012%7-day average +0.015% · 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−$50as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on QFEX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.063%+$6 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now −0.012%, 7d avg +0.015%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.026% cheaper against QFEX than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.015%). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MU-USD	1,038.1	0.0021	pay 0.0003% / 1h	6m 41s	$7.0M	$18.7M	10x
Short	ApeX Omni MUUSDT	1,038	0.0100	get 0.0013% / 1h	6m 41s	$70K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against QFEX. 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 QFEXbpFee ApeX OmnibpOrdersPrice spread, now −0.012%Rate

Funding earned: $16.62
Price spread: −0.012% → +0.015%: −$2.62
Slippage, 4 orders: −$27.32
Fee QFEX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$33.32
Costs to cover: 0.473%
Break-even: 21.0 days

Slippage from QFEX: live order book, 7 min ago; ApeX Omni: live order book, 30 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, 7 min ago	0.82 bp	6.1 bp −$6	6.5 bp −$65	11.4 bp −$1,136	doesn't fit
Sell ApeX Omni live order book, 30 min ago	6.31 bp	16.8 bp −$17	187.5 bp −$1,875	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	−0.0764%	4h	1,037.8	−0.029%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0143%	8h	1,038.5	+0.042%	$20.2M	$39.9M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.4	+0.032%	$21.2M	$67.4M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.4	+0.030%	$122.5M	$536.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.4	+0.029%	$18.8M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.3	+0.017%	$29.8M	$100.0M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.3	+0.022%	$313K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.1	−0.001%	$61.5M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.8	−0.033%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.9	−0.017%	$71K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,038.2	+0.013%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.9	+0.171%	$11K	$5.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.2	+0.013%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0007%	1h	1,038.3	+0.019%	$25K	$388K	10x	as long as short
Nado MU-PERP	+0.0016%	1h	1,037.8	−0.031%	$280K	$804K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,038.4	+0.029%	$3K	$44K	10x	as long as short
QFEX MU-USDlong	+0.0021%	1h	1,038.1	long leg	$7.0M	$18.7M	10x
Lighter RH MU	+0.0032%	1h	1,038.1	−0.001%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.7	−0.038%	$547K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.277%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,038.2	+0.009%	$1.0M	$4.9M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.8	−0.030%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.4	+0.028%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.2	+0.010%	$176.4M	$80.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.2	+0.010%	$168K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.3	+0.014%	$681K	$15K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,038.3	+0.018%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.8	−0.026%	$1.9M	$2.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0068%	1h	1,038.1	−0.002%	$74K	$620K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038	−0.010%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.3	+0.023%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038	−0.007%	$145K	$191K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038	−0.010%	$5.2M	$4.1M	20x	as long as short
ApeX Omni MUUSDTshort	+0.0100%	1h	1,038	−0.012%	$70K	$269K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.3	+0.015%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.3	+0.023%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.7	+0.058%	$531K	$270K	15x	as long as short