Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0233%/8h= −25.5% APRpaid last 24h −0.025%

Price spread now: Pacifica against BloFin+0.019%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 3 days (all we have)−0.004%$0 · spread now +0.019%, 7d avg −0.041%

Together, before fees−0.242%+ Points / potential airdropPacifica: Active · farm board−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.060% dearer against BloFin than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.041%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.238% in total) that is about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MU-USDT	1,046.2	0.0333	pay 0.0333% / 8h	43m 11s	$1.5M	$2.0M	20x
Short	Pacifica MU	1,046.4	0.0100	get 0.0013% / 1h	43m 11s	$153K	$182K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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 BloFinbpFee PacificabpOrdersPrice spread, now +0.019%Rate

Funding earned: −$48.83
Price spread: +0.019% → −0.041%: $6.01
Slippage, 4 orders: −$13.18
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$76
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Pacifica: live order book, 35 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 BloFin live order book, 5 min ago	0.62 bp	6.6 bp −$7	7.4 bp −$74	10.1 bp −$1,012	doesn't fit
Sell Pacifica live order book, 35 min ago	3.55 bp	9.5 bp −$10	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	−0.0060%	4h	1,046.2	0.000%	$1.3M	$674K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,046.1	−0.012%	$63.1M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.6	−0.059%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.5	+0.216%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.8	−0.040%	$124K	$446K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,046	−0.019%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.431%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0035%	1h	1,045.2	−0.092%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.4	+0.020%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,046	−0.019%	$166K	$197K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,045.3	−0.086%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0080%	1h	1,046.3	+0.011%	$7.9M	$24.0M	10x	as long as short
OKX MU-USDT-SWAP	+0.0081%	8h	1,046	−0.016%	$30.8M	$105.3M	50x	as long as short
SoDEX MU-USD	+0.0084%	1h	1,046	−0.020%	$686K	$16K	10x	as long as short
Pacifica MUshort	+0.0100%	1h	1,046.4	+0.019%	$153K	$182K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,045.5	−0.067%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,046.3	+0.011%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.8	−0.035%	$831	$799	20x	as long as short
Bitget MUUSDT	+0.0136%	8h	1,046	−0.015%	$20.5M	$43.6M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,046	−0.020%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0152%	8h	1,046	−0.017%	$2K	—	5x	as long as short
Lighter MU	+0.0168%	1h	1,046.1	−0.012%	$1.0M	$4.8M	20x	as long as short
Aster MUUSD1	+0.0171%	8h	1,046.8	+0.056%	$21.6M	$47.3M	20x	as long as short
Variational Omni MU	+0.0200%	8h	1,046.3	+0.009%	$2.6M	$2.5M	—	as long as short
Binance MUUSDT	+0.0213%	8h	1,046.2	−0.003%	$125.0M	$533.2M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.5	−0.069%	$757K	$1.4M	10x	as long as short
Bullet MU-USD	+0.0225%	1h	1,046.2	0.000%	$25K	$395K	10x	as long as short
Nado MU-PERP	+0.0244%	1h	1,045.5	−0.066%	$270K	$875K	10x	as long as short
GRVT MU_USDT_Perp	+0.0257%	8h	1,046.2	+0.001%	$82K	$1.4M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0267%	1h	1,045.8	−0.034%	$62K	$260K	10x	as long as short
Bybit MUUSDT	+0.0285%	8h	1,046.3	+0.011%	$19.2M	$32.6M	100x	as long as short
tradeXYZ xyz:MU	+0.0292%	1h	1,046	−0.019%	$176.8M	$105.6M	10x	as long as short
BloFin MU-USDTlong	+0.0333%	8h	1,046.2	long leg	$1.5M	$2.0M	20x
Phoenix MU	+0.0460%	1h	1,046.6	+0.038%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.8	−0.038%	$74K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.7	+0.049%	$317K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0696%	1h	1,045.2	−0.096%	$540K	$1.1M	10x	as long as short