MU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.10 per $10,000 · paid last 24h −0.035%

Price spread now: Pacifica against Coinbase International+0.147%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

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

costs, in and out, $10k−$390.393% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 3 days (all we have)−0.112%−$11 · spread now +0.147%, 7d avg +0.007%

Together, before fees−0.302%+ Points / potential airdropPacifica: Active · farm board−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.140% dearer against Coinbase International than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of +0.007%): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,045.1	0.0184	pay 0.0023% / 1h	57m 43s	$757K	$1.3M	10x
Short	Pacifica MU	1,046.7	0.0100	get 0.0013% / 1h	57m 43s	$153K	$180K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Coinbase International. 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 Coinbase InternationalbpFee PacificabpOrdersPrice spread, now +0.147%Rate

Funding earned: −$17.64
Price spread: +0.147% → +0.007%: $13.97
Slippage, 4 orders: −$21.28
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$42.94
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Pacifica: live order book, 15 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 Coinbase International live order book, 1 min ago	6.99 bp	13.1 bp −$13	17.1 bp −$171	55.5 bp −$5,547	doesn't fit
Sell Pacifica live order book, 15 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	−0.0297%	4h	1,045.6	+0.049%	$1.3M	$674K	10x	as long as short
StandX MU-USD	0.0000%	1h	1,044.8	−0.037%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.5	+0.227%	$11K	$6.4M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045	−0.010%	$129K	$418K	50x	as long as short
Aftermath Perps MUUSD	+0.0026%	1h	1,045	−0.010%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.5	+0.128%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.533%	$14K	$251	12x	as long as short
Nado MU-PERP	+0.0035%	1h	1,044.9	−0.028%	$268K	$869K	10x	as long as short
Lighter MU	+0.0040%	1h	1,046.8	+0.162%	$1.0M	$4.7M	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.8	+0.060%	—	$194K	25x	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	1,043.1	−0.199%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,046.4	+0.121%	$7.9M	$23.7M	10x	as long as short
Bybit MUUSDT	+0.0070%	8h	1,047.1	+0.187%	$19.3M	$32.5M	100x	as long as short
OKX MU-USDT-SWAP	+0.0075%	8h	1,047.3	+0.203%	$30.9M	$102.0M	50x	as long as short
Polymarket Perps MU-USD	+0.0082%	1h	1,045.4	+0.025%	$169K	$203K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0085%	1h	1,045.6	+0.039%	$62K	$291K	10x	as long as short
Pacifica MUshort	+0.0100%	1h	1,046.7	+0.147%	$153K	$180K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,046.4	+0.117%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.8	+0.066%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046	+0.079%	$832	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0102%	8h	1,047	+0.178%	$2K	—	5x	as long as short
Bitget MUUSDT	+0.0117%	8h	1,046.6	+0.142%	$20.5M	$41.7M	50x	as long as short
SoDEX MU-USD	+0.0123%	1h	1,045.5	+0.037%	$686K	$16K	10x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,045.4	+0.022%	$33K	—	10x	as long as short
Gate MU_USDT	+0.0131%	8h	1,046.7	+0.145%	$63.1M	$28.3M	75x	as long as short
Variational Omni MU	+0.0166%	8h	1,045.6	+0.044%	$2.7M	$2.5M	—	as long as short
Aster MUUSD1	+0.0171%	8h	1,046.9	+0.172%	$21.6M	$47.6M	20x	as long as short
Binance MUUSDT	+0.0181%	8h	1,046.9	+0.165%	$125.2M	$528.0M	50x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0184%	1h	1,045.1	long leg	$757K	$1.3M	10x
GRVT MU_USDT_Perp	+0.0204%	8h	1,045.8	+0.061%	$82K	$1.4M	10x	as long as short
Arcus MU-USD	+0.0240%	1h	1,045.2	+0.008%	$70K	$243K	10x	as long as short
Bullet MU-USD	+0.0285%	1h	1,045.5	+0.037%	$25K	$394K	10x	as long as short
BloFin MU-USDT	+0.0303%	8h	1,045.5	+0.030%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,046.3	+0.107%	$314K	$337K	20x	as long as short
Extended MU_24_5-USD	+0.0344%	1h	1,044.4	−0.075%	$550K	$1.0M	10x	as long as short
Phoenix MU	+0.0460%	1h	1,046	+0.082%	$535K	$306K	15x	as long as short
tradeXYZ xyz:MU	+0.0523%	1h	1,045.7	+0.054%	$177.1M	$105.1M	10x	as long as short