Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0594%/8h= +65.1% APRpaid last 24h +0.102%

Price spread now: Pacifica against edgeX−0.237%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on edgeX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.591%−$59 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.237%, 7d avg −0.033%

Together, before fees−0.568%+ Points / potential airdropedgeX: Active · Pacifica: Active · farm board−$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.204% cheaper against edgeX than usual: you would sell low and buy high (spread −0.237% now, against its 7-day average of −0.033%). If the spread goes back, that is −$20 on $10k: about 27 hours of funding at the current rate (+$18 a day). Mind the row above: over the last 7 days funding on this pair cost −0.591%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MUUSDC	1,034.1	−0.0494	get 0.0247% / 4h	3h 53m	$1.3M	$672K	10x
Short	Pacifica MU	1,031.7	0.0100	get 0.0013% / 1h	53m 07s	$144K	$191K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against edgeX. 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 edgeXbpFee PacificabpOrdersPrice spread, now −0.237%Rate

Funding earned: $124.79
Price spread: −0.237% → −0.033%: −$20.35
Slippage, 4 orders: −$10.56
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $76.88
Costs to cover: 0.276%
Break-even: 2.7 days

Slippage from edgeX: live order book, 1 min ago; Pacifica: live order book, 45 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 edgeX live order book, 1 min ago	0.44 bp	5.0 bp −$5	6.6 bp −$66	24.0 bp −$2,397	doesn't fit
Sell Pacifica live order book, 45 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 MUUSDClong	−0.0494%	4h	1,034.1	long leg	$1.3M	$672K	10x
Bitget MUUSDT	−0.0113%	8h	1,031.9	−0.219%	$19.9M	$40.6M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,032.8	−0.131%	$21.1M	$68.4M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,032.3	−0.179%	$121.7M	$539.1M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,032.1	−0.201%	$18.7M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,032.2	−0.187%	$29.6M	$100.2M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,032.4	−0.167%	$310K	$381K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,032.1	−0.201%	$61.9M	$27.6M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,035.2	+0.105%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,033.3	−0.079%	$80K	$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	1,032.6	−0.153%	$187K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,033.5	−0.067%	$11K	$5.4M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,031.8	−0.227%	$124K	$485K	50x	as long as short
Bullet MU-USD	+0.0009%	1h	1,032.7	−0.140%	$25K	$389K	10x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,034.7	+0.049%	$3K	$43K	10x	as long as short
QFEX MU-USD	+0.0027%	1h	1,031.5	−0.261%	$7.0M	$18.7M	10x	as long as short
Lighter MU	+0.0032%	1h	1,032	−0.207%	$1.0M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,031.9	−0.220%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,031.6	−0.247%	$550K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.664%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,031.5	−0.260%	$89K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,032.1	−0.200%	—	$177K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,031.8	−0.227%	$175.1M	$79.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,031.4	−0.266%	$167K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,031.7	−0.236%	$677K	$15K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,031.4	−0.267%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,031.7	−0.233%	$1.9M	$2.8M	10x	as long as short
Nado MU-PERP	+0.0056%	1h	1,031.4	−0.269%	$273K	$807K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,032.1	−0.199%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,035.2	+0.105%	$724K	$1.1M	10x	as long as short
Pacifica MUshort	+0.0100%	1h	1,031.7	−0.237%	$144K	$191K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,032.4	−0.173%	$5.1M	$4.3M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,033.1	−0.101%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,032.6	−0.155%	$821	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,031.9	−0.214%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,031.9	−0.218%	$528K	$270K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0293%	1h	1,032.5	−0.158%	$73K	$623K	10x	as long as short