Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h 0.000%

Price spread now: Pacifica against Binance+0.014%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.313%−$31 · spread now +0.014%, 7d avg −0.039%

Together, before fees−0.309%+ Points / potential airdropPacifica: Active · farm board−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.053% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MUUSDT	1,036.1	0	get 0.0000% / 8h	1h 34m	$121.3M	$537.3M	50x
Short	Pacifica MU	1,036.3	0.0100	get 0.0013% / 1h	34m 55s	$147K	$190K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now +0.014%Rate

Funding earned: $21
Price spread: +0.014% → −0.039%: $5.28
Slippage, 4 orders: −$12.22
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$3.94
Costs to cover: 0.302%
Break-even: 8.3 days

Slippage from Binance: live order book, 9 min ago; Pacifica: live order book, 8 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 Binance live order book, 9 min ago	0.05 bp	5.9 bp −$6	7.5 bp −$75	17.4 bp −$1,742	doesn't fit
Sell Pacifica live order book, 8 min ago	2.90 bp	12.3 bp −$12	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	−0.0833%	4h	1,036.3	+0.013%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0202%	8h	1,036.2	+0.002%	$20.2M	$40.4M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,036.5	+0.035%	$21.1M	$58.6M	20x	as long as short
Binance MUUSDTlong	0.0000%	8h	1,036.1	long leg	$121.3M	$537.3M	50x
Bybit MUUSDT	0.0000%	8h	1,036.2	+0.009%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036	−0.011%	$29.8M	$99.8M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,036.1	+0.001%	$315K	$386K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,035.9	−0.023%	$61.7M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.2	+0.002%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.4	+0.023%	$73K	$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	1,036.7	+0.051%	$187K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,036	−0.009%	$26K	$389K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,037.3	+0.113%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,035.9	−0.026%	$74K	$557K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,035.8	−0.037%	$127K	$441K	50x	as long as short
Nado MU-PERP	+0.0005%	1h	1,035.9	−0.022%	$277K	$815K	10x	as long as short
Aftermath Perps MUUSD	+0.0016%	1h	1,036	−0.017%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,036.2	+0.002%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,036	−0.010%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,035.6	−0.050%	$540K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,036.1	−0.003%	$7.0M	$18.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.469%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036.1	−0.006%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,036	−0.009%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,035.8	−0.032%	$175.9M	$88.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,035.8	−0.032%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,036	−0.018%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,035.9	−0.027%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,036.7	+0.054%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,035.7	−0.046%	$32K	$1K	10x	as long as short
Pacifica MUshort	+0.0100%	1h	1,036.3	+0.014%	$147K	$190K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,035.9	−0.028%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,036.6	+0.040%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,035.9	−0.021%	$824	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.011%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.2	+0.006%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,035.9	−0.023%	$530K	$270K	15x	as long as short