Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Pacifica against ApeX Omni+0.023%111s7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$600.604% of the position

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 3 days (all we have)−0.042%−$4 · spread now +0.023%, 7d avg −0.030%

Together, before fees−0.047%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.053% dearer against ApeX Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.030%. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MUUSDT	1,043.5	0.0100	pay 0.0013% / 1h	27m 45s	$71K	$266K	50x
Short	Pacifica MU	1,043.7	0.0100	get 0.0013% / 1h	27m 45s	$154K	$181K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against ApeX Omni. 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 ApeX OmnibpFee PacificabpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → −0.030%: $5.31
Slippage, 4 orders: −$42.39
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$55.08
Costs to cover: 0.604%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 54 min ago; Pacifica: live order book, 55 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 ApeX Omni live order book, 54 min ago	8.67 bp	20.5 bp −$20	186.1 bp −$1,861	doesn't fit	doesn't fit
Sell Pacifica live order book, 55 min ago	3.45 bp	8.8 bp −$9	doesn't fit	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	−0.0683%	4h	1,044.2	+0.071%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,044.2	+0.070%	$62.9M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,043.2	−0.023%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.7	+0.306%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,044.1	+0.065%	$125K	$441K	50x	as long as short
OKX MU-USDT-SWAP	+0.0026%	8h	1,044.2	+0.066%	$30.9M	$104.9M	50x	as long as short
Aftermath Perps MUUSD	+0.0031%	1h	1,043.8	+0.035%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,044.1	+0.059%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.695%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,044	+0.050%	—	$194K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,044.1	+0.061%	$165K	$184K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.1	−0.035%	$2.0M	$2.7M	10x	as long as short
SoDEX MU-USD	+0.0051%	1h	1,044.2	+0.068%	$685K	$16K	10x	as long as short
QFEX MU-USD	+0.0071%	1h	1,044.4	+0.087%	$7.8M	$24.2M	10x	as long as short
Aster MUUSD1	+0.0072%	8h	1,044.9	+0.137%	$21.5M	$47.4M	20x	as long as short
Bitget MUUSDT	+0.0096%	8h	1,044.3	+0.077%	$20.4M	$43.1M	50x	as long as short
Pacifica MUshort	+0.0100%	1h	1,043.7	+0.023%	$154K	$181K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,043.6	+0.013%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDTlong	+0.0100%	1h	1,043.5	long leg	$71K	$266K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,044.4	+0.085%	$830	$799	20x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,044	+0.052%	$33K	—	10x	as long as short
Variational Omni MU	+0.0129%	8h	1,043.8	+0.035%	$2.6M	$2.7M	—	as long as short
Paradex MU-USD-PERP	+0.0132%	8h	1,044.2	+0.072%	$2K	—	5x	as long as short
Binance MUUSDT	+0.0151%	8h	1,044.4	+0.089%	$125.0M	$536.1M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,043.9	+0.042%	$756K	$1.4M	10x	as long as short
Lighter MU	+0.0192%	1h	1,044.3	+0.079%	$1.0M	$4.8M	20x	as long as short
Nado MU-PERP	+0.0208%	1h	1,043.5	−0.001%	$266K	$868K	10x	as long as short
GRVT MU_USDT_Perp	+0.0208%	8h	1,044.1	+0.059%	$82K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0235%	8h	1,044.6	+0.104%	$19.2M	$32.6M	100x	as long as short
BloFin MU-USDT	+0.0268%	8h	1,044.6	+0.109%	$1.4M	$2.1M	20x	as long as short
Bullet MU-USD	+0.0269%	1h	1,044.4	+0.091%	$26K	$398K	10x	as long as short
tradeXYZ xyz:MU	+0.0333%	1h	1,044	+0.052%	$176.4M	$107.1M	10x	as long as short
Phoenix MU	+0.0383%	1h	1,044.4	+0.090%	$534K	$306K	15x	as long as short
Arcus MU-USD	+0.0435%	1h	1,044	+0.049%	$73K	$241K	10x	as long as short
RISEx MU/USDC	+0.0499%	1h	1,044.7	+0.114%	$295K	$338K	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0507%	1h	1,044.2	+0.069%	$61K	$246K	10x	as long as short
Extended MU_24_5-USD	+0.0656%	1h	1,043.3	−0.014%	$541K	$1.1M	10x	as long as short