Funding you earn now, next payment 09:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.04 per $10,000 · paid last 24h −0.008%
Price spread now: Pacifica against Deribit−0.034%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$440.436% of the position
Funding, last 4 days (all we have)−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.034%, 7d avg −0.007%
=Together, before fees+0.043%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Pacifica is 0.027% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.007%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MU_USDC-PERPETUAL | 1,032.1 | 0.0128 | pay 0.0016% / 1h | 53m 38s | $73K | $623K | 10x |
| Short | Pacifica MU | 1,031.7 | 0.0100 | get 0.0013% / 1h | 53m 38s | $144K | $191K | 10x |
Deribit MU_USDC-PERPETUAL
Pacifica MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.89
- Price spread: −0.034% → −0.007%
- −$2.74
- Slippage, 4 orders
- −$28.58
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$52.21
- Costs to cover
- 0.436%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 45 min ago; Pacifica: live order book, 44 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 Deribit live order book, 45 min ago | 3.76 bp | 16.3 bp −$16 | 20.5 bp −$205 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 44 min ago | 1.93 bp | 9.7 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 | −0.0168% | 4h | 1,036.3 | +0.411% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDT | −0.0113% | 8h | 1,031.6 | −0.040% | $19.8M | $40.5M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,032.7 | +0.067% | $21.1M | $68.4M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,031.8 | −0.023% | $121.7M | $538.7M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,031.5 | −0.052% | $18.7M | $32.0M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,031.5 | −0.051% | $29.6M | $100.1M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,032.4 | +0.036% | $310K | $381K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,031.5 | −0.051% | $61.9M | $27.6M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,035.2 | +0.309% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,036.8 | +0.464% | $80K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,036.1 | +0.395% | $187K | $3.5M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,032.1 | +0.005% | $25K | $388K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,033.3 | +0.117% | $11K | $5.4M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,031.9 | −0.011% | $126K | $485K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0021% | 1h | 1,035.4 | +0.325% | $3K | $43K | 10x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,031.5 | −0.058% | $7.0M | $18.7M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,031.5 | −0.052% | $1.0M | $4.9M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,031.5 | −0.054% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,031.2 | −0.078% | $550K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.871% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,031.5 | −0.057% | $89K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,031.7 | −0.035% | — | $177K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,031.3 | −0.073% | $175.0M | $78.9M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,030.6 | −0.140% | $167K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,032 | −0.006% | $677K | $15K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0050% | 8h | 1,031.4 | −0.064% | $2K | — | 5x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,032.1 | 0.000% | $1.9M | $2.8M | 10x | as long as short |
| Nado MU-PERP | +0.0053% | 1h | 1,031.9 | −0.019% | $273K | $807K | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,031.4 | −0.062% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,035.2 | +0.309% | $724K | $1.1M | 10x | as long as short |
| Pacifica MUshort | +0.0100% | 1h | 1,031.7 | −0.034% | $144K | $191K | 10x | |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,031.9 | −0.012% | $5.1M | $4.3M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,037 | +0.484% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,032.6 | +0.050% | $821 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,032.8 | +0.068% | $1.5M | $2.1M | 20x | as long as short |
| Deribit MU_USDC-PERPETUALlong | +0.0128% | 1h | 1,032.1 | long leg | $73K | $623K | 10x | |
| Phoenix MU | +0.0232% | 1h | 1,036.9 | +0.470% | $530K | $270K | 15x | as long as short |
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Paradex MU-USD-PERP
Ondo Perps MU-USD.P
Nado MU-PERP
Aevo MU-PERP
Coinbase International MU-PERP-INTX
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU