Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.010%

Price spread now: Paradex against QFEX+0.040%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on Paradex

What this pair did over the last

the charts below follow

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.040% dearer against QFEX than usual: you sell high and buy low: +$4 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	1,041.8	0.0032	pay 0.0004% / 1h	3m 31s	$7.0M	$18.0M	10x
Short	Paradex MU-USD-PERP	1,042.2	0.0050	get 0.0050% / 8h	3h 03m	$2K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.040%Rate

Funding earned: $3.95
Price spread: +0.040% → 0.000%: $4.02
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$6.03
Costs to cover: 0.140%
Break-even: 17.7 days

Slippage unknown: QFEX: live order book, 6 min ago; Paradex: 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	0.96 bp	7.2 bp −$7	8.4 bp −$84	12.4 bp −$1,242	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0412%	4h	1,042.8	+0.098%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,042.2	+0.044%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,041.7	−0.007%	$123.3M	$525.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,041.8	+0.002%	$18.6M	$31.9M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,041.5	−0.028%	$30.6M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,041.7	−0.007%	$336K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,041.6	−0.012%	$61.9M	$28.1M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,042.2	+0.038%	$20.5M	$41.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,043.3	+0.149%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,043	+0.122%	$83K	$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	1,042.8	+0.098%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,044.9	+0.298%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043	+0.115%	$130K	$435K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,042.5	+0.075%	$3K	$44K	10x	as long as short
QFEX MU-USDlong	+0.0032%	1h	1,041.8	long leg	$7.0M	$18.0M	10x
Lighter MU	+0.0032%	1h	1,041.9	+0.010%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.4	+0.059%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,041.2	−0.053%	$553K	$1.1M	10x	as long as short
Nado MU-PERP	+0.0032%	1h	1,042.3	+0.048%	$281K	$823K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.922%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0038%	1h	1,043.3	+0.148%	$26K	$392K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,042.6	+0.084%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,042.2	+0.046%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,041.3	−0.043%	$177.1M	$94.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,041.4	−0.034%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,043.2	+0.137%	$685K	$16K	10x	as long as short
Paradex MU-USD-PERPshort	+0.0050%	8h	1,042.2	+0.040%	$2K	—	5x
Ondo Perps MU-USD.P	+0.0050%	1h	1,042	+0.027%	$1.9M	$2.3M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,042.8	+0.105%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,042.2	+0.039%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,042.5	+0.070%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,042.3	+0.051%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.3	+0.150%	$829	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.6	+0.274%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,042.9	+0.111%	$1.5M	$2.0M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0143%	1h	1,043.2	+0.140%	$73K	$492K	10x	as long as short
Phoenix MU	+0.0305%	1h	1,043.1	+0.130%	$534K	$271K	15x	as long as short