Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.056%
Price spread now: RISEx against QFEX+0.035%7-day average +0.023% · 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−$20as in the Price arb table
costs, in and out, $10k−$210.208% of the position
Funding, last 4 days (all we have)+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.035%, 7d avg +0.023%
=The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MU-USD | 1,045.8 | 0.0032 | pay 0.0004% / 1h | 38m 49s | $7.1M | $17.8M | 10x |
| Short | RISEx MU/USDC | 1,046.1 | 0 | get 0.0000% / 1h | 38m 49s | $338K | $353K | 20x |
QFEX MU-USD
RISEx MU/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against QFEX. 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
- −$6.62
- Price spread: +0.035% → +0.023%
- $1.23
- Slippage, 4 orders
- −$4.76
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$26.15
- Costs to cover
- 0.208%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 5 min ago; RISEx: live order book, 14 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, 5 min ago | 0.86 bp | 6.0 bp −$6 | 6.0 bp −$60 | 10.7 bp −$1,067 | doesn't fit |
| Sell RISEx live order book, 14 min ago | 1.48 bp | 4.5 bp −$4 | 5.8 bp −$58 | 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 | −0.0477% | 4h | 1,047.4 | +0.157% | $1.3M | $671K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,045.9 | +0.015% | $21.2M | $56.3M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,046.1 | +0.029% | $125.2M | $518.7M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,046.2 | +0.046% | $18.8M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,046 | +0.019% | $31.1M | $99.6M | 50x | as long as short |
| RISEx MU/USDCshort | 0.0000% | 1h | 1,046.1 | +0.035% | $338K | $353K | 20x | |
| Gate MU_USDT | 0.0000% | 8h | 1,045.7 | −0.006% | $62.1M | $27.7M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,046.2 | +0.038% | $20.4M | $41.3M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,047.2 | +0.141% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,047.1 | +0.125% | $81K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,046.9 | +0.112% | $189K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,046.5 | +0.069% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,045.1 | −0.062% | $130K | $432K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0024% | 1h | 1,047 | +0.118% | $3K | $44K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0027% | 1h | 1,045.4 | −0.034% | $73K | $468K | 10x | as long as short |
| QFEX MU-USDlong | +0.0032% | 1h | 1,045.8 | long leg | $7.1M | $17.8M | 10x | |
| Lighter MU | +0.0032% | 1h | 1,045.7 | −0.003% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,045.5 | −0.024% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,045.4 | −0.033% | $550K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.536% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,046.9 | +0.112% | $71K | $233K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,046.6 | +0.081% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,045.5 | −0.024% | $177.2M | $96.4M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,045.6 | −0.014% | $170K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,045.6 | −0.015% | $686K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,045.1 | −0.058% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,046.2 | +0.044% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0054% | 1h | 1,045.3 | −0.042% | $281K | $828K | 10x | as long as short |
| Bullet MU-USD | +0.0065% | 1h | 1,045.7 | −0.005% | $25K | $395K | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,045.2 | −0.053% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,045.7 | −0.003% | $147K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,045.6 | −0.014% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,047.5 | +0.171% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,045.5 | −0.022% | $831 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0119% | 8h | 1,046.1 | +0.029% | $1.5M | $2.0M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,050 | +0.409% | $757K | $1.2M | 10x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,048.1 | +0.225% | $536K | $271K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Deribit MU_USDC-PERPETUAL
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Nado MU-PERP
Bullet MU-USD
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Coinbase International MU-PERP-INTX
Phoenix MU