Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h +0.028%

Price spread now: Pacifica against Bitget+0.002%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Bitget Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.002%, 7d avg −0.036%

Together, before fees−0.106%+ Points / potential airdropPacifica: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.038% dearer against Bitget than usual: you sell high and buy low (spread +0.002% now, against its 7-day average of −0.036%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 8.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MUUSDT	1,045.8	0.0115	pay 0.0115% / 8h	5m 37s	$20.4M	$43.5M	50x
Short	Pacifica MU	1,045.8	0.0100	get 0.0013% / 1h	5m 37s	$153K	$180K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bitget. 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 BitgetbpFee PacificabpOrdersPrice spread, now +0.002%Rate

Funding earned: −$3.15
Price spread: +0.002% → −0.036%: $3.8
Slippage, 4 orders: −$9.82
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$29.17
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Pacifica: live order book, 7 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 Bitget live order book, 3 min ago	0.05 bp	7.8 bp −$8	9.2 bp −$92	21.7 bp −$2,174	doesn't fit
Sell Pacifica live order book, 7 min ago	2.30 bp	7.8 bp −$8	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	−0.0332%	4h	1,045.5	−0.031%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.7	−0.015%	$63.0M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.2	−0.059%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.6	+0.171%	$11K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.7	−0.015%	$129K	$456K	50x	as long as short
Aftermath Perps MUUSD	+0.0027%	1h	1,045.2	−0.054%	$3K	$46K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.5	−0.034%	$1.2M	$4.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.469%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.6	−0.016%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.4	−0.039%	$169K	$195K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX MU-USD	+0.0050%	1h	1,045.9	+0.004%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.8	−0.099%	$2.0M	$2.7M	10x	as long as short
Lighter MU	+0.0072%	1h	1,045.5	−0.033%	$1.0M	$5.0M	20x	as long as short
OKX MU-USDT-SWAP	+0.0074%	8h	1,045.8	+0.003%	$30.9M	$104.4M	50x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.7	−0.008%	$7.9M	$23.8M	10x	as long as short
Pacifica MUshort	+0.0100%	1h	1,045.8	+0.002%	$153K	$180K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,045.5	−0.032%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.6	−0.022%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.7	−0.011%	$831	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0101%	8h	1,045.6	−0.020%	$2K	—	5x	as long as short
Bullet MU-USD	+0.0106%	1h	1,045.9	+0.009%	$26K	$394K	10x	as long as short
Bitget MUUSDTlong	+0.0115%	8h	1,045.8	long leg	$20.4M	$43.5M	50x
Aevo MU-PERP	+0.0128%	1h	1,045.7	−0.015%	$33K	—	10x	as long as short
Nado MU-PERP	+0.0153%	1h	1,044.9	−0.083%	$272K	$875K	10x	as long as short
Aster MUUSD1	+0.0163%	8h	1,046.3	+0.045%	$21.5M	$47.3M	20x	as long as short
Variational Omni MU	+0.0166%	8h	1,045.8	+0.003%	$2.7M	$2.5M	—	as long as short
Binance MUUSDT	+0.0181%	8h	1,045.9	+0.008%	$124.4M	$530.8M	50x	as long as short
tradeXYZ xyz:MU	+0.0197%	1h	1,045.7	−0.011%	$177.2M	$104.7M	10x	as long as short
GRVT MU_USDT_Perp	+0.0204%	8h	1,045.9	+0.010%	$82K	$1.4M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,044.9	−0.085%	$757K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0258%	8h	1,045.9	+0.004%	$19.2M	$32.4M	100x	as long as short
BloFin MU-USDT	+0.0300%	8h	1,046	+0.020%	$1.5M	$2.0M	20x	as long as short
Extended MU_24_5-USD	+0.0304%	1h	1,044.7	−0.106%	$550K	$1.1M	10x	as long as short
Phoenix MU	+0.0460%	1h	1,045.9	+0.009%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.5	−0.030%	$70K	$244K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.1	+0.029%	$314K	$340K	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0544%	1h	1,045.6	−0.016%	$62K	$289K	10x	as long as short