Funding you earn now, next payment 03:00 UTC−0.0081%/8h= −8.9% APRpaid last 24h −0.009%
Price spread now: QFEX against Variational Omni−0.084%7-day average −0.040% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.040%−$4 on $10k
+Price spread, last 7 days+0.070%+$7 · spread now −0.084%, 7d avg −0.040%
=Together, before fees+0.030%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.043% cheaper against Variational Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.040%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MU | 1,050.9 | 0.0111 | pay 0.0111% / 8h | 5h 26m | $2.7M | $2.4M | — |
| Short | QFEX MU-USD | 1,050 | 0.0030 | get 0.0004% / 1h | 26m 32s | $7.2M | $18.1M | 10x |
Variational Omni MU
QFEX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Variational Omni. 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
- −$16.97
- Price spread: −0.084% → −0.040%
- −$4.32
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$31.3
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; QFEX: live order book, 8 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 Variational Omni RFQ quote, 3 min ago | 1.90 bp | doesn't fit | 4.9 bp −$49 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 8 min ago | 1.05 bp | 6.6 bp −$7 | 7.3 bp −$73 | 11.9 bp −$1,186 | 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 | −0.0521% | 4h | 1,050.6 | −0.032% | $1.3M | $670K | 10x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,050.4 | −0.049% | $19.1M | $32.3M | 100x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,050.5 | −0.041% | $333K | $348K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,050 | −0.083% | $62.0M | $27.5M | 75x | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,050.6 | −0.026% | $85K | $1.3M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,049.8 | −0.102% | $190K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,051.9 | +0.089% | $11K | $5.9M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,049.9 | −0.100% | $67K | $374K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,050 | −0.090% | $129K | $429K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0020% | 1h | 1,050.1 | −0.080% | $3K | $45K | 10x | as long as short |
edgeX MUUSDC
Bybit MUUSDT
RISEx MU/USDC
Gate MU_USDT
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MU-USDT-SWAP | +0.0022% | 8h | 1,050.4 | −0.049% | $31.0M | $99.8M | 50x | as long as short |
| QFEX MU-USDshort | +0.0030% | 1h | 1,050 | −0.084% | $7.2M | $18.1M | 10x | |
| Lighter RH MU | +0.0032% | 1h | 1,050.1 | −0.079% | $1.2M | $4.3M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.043% | $19K | $5K | 12x | as long as short |
| Extended MU_24_5-USD | +0.0040% | 1h | 1,049.6 | −0.128% | $564K | $1.1M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,050.1 | −0.082% | $71K | $235K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,051.1 | +0.016% | — | $175K | 25x | as long as short |
| Lighter MU | +0.0048% | 1h | 1,050.3 | −0.061% | $1.1M | $4.9M | 20x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,050 | −0.087% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,050 | −0.090% | $689K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,049.8 | −0.103% | $1.9M | $2.3M | 10x | as long as short |
| Nado MU-PERP | +0.0054% | 1h | 1,049.9 | −0.097% | $282K | $848K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0056% | 8h | 1,050.2 | −0.065% | $2K | — | 5x | as long as short |
| tradeXYZ xyz:MU | +0.0059% | 1h | 1,050.1 | −0.077% | $178.1M | $99.2M | 10x | as long as short |
| Aster MUUSD1 | +0.0066% | 8h | 1,050.3 | −0.055% | $21.4M | $52.7M | 20x | as long as short |
| Bullet MU-USD | +0.0071% | 1h | 1,050.1 | −0.077% | $25K | $398K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,049.9 | −0.092% | $756K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,050.2 | −0.067% | $149K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,050.1 | −0.080% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,050.8 | −0.010% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,050 | −0.086% | $835 | $799 | 20x | as long as short |
| Variational Omni MUlong | +0.0111% | 8h | 1,050.9 | long leg | $2.7M | $2.4M | — | |
| Aevo MU-PERP | +0.0112% | 1h | 1,049.7 | −0.113% | $32K | $1K | 10x | as long as short |
| Bitget MUUSDT | +0.0121% | 8h | 1,050.3 | −0.059% | $20.6M | $41.1M | 50x | as long as short |
| Binance MUUSDT | +0.0130% | 8h | 1,050.4 | −0.053% | $126.5M | $518.7M | 50x | as long as short |
| Phoenix MU | +0.0229% | 1h | 1,050.6 | −0.029% | $537K | $271K | 15x | as long as short |
| BloFin MU-USDT | +0.0253% | 8h | 1,050.1 | −0.074% | $1.5M | $2.0M | 20x | as long as short |
OKX MU-USDT-SWAP
Lighter RH MU
Injective MU/USDC PERP
Extended MU_24_5-USD
Arcus MU-USD
Vest MU-USD-PERP
Lighter MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Nado MU-PERP
Paradex MU-USD-PERP
tradeXYZ xyz:MU
Aster MUUSD1
Bullet MU-USD
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aevo MU-PERP
Bitget MUUSDT
Binance MUUSDT
Phoenix MU
BloFin MU-USDT