Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.001%
Price spread now: Pacifica against GRVT−0.005%52s7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$270.271% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.005%, 7d avg −0.079%
Together, before fees+0.162%+ Points / potential airdropGRVT: Active · Pacifica: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.074% dearer against GRVT than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.079%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT MU_USDT_Perp1,051.90get 0.0000% / 8h4h 46m$78K$1.3M10x
ShortPacifica MU1,051.90.0100get 0.0013% / 1h46m 08s$148K$185K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against GRVT. 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

Funding earned
$21
Price spread: −0.005% → −0.079%
$7.45
Slippage, 4 orders
−$10.15
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$1.3
Costs to cover
0.271%
Break-even
6.6 days
Slippage from GRVT: live order book, 2 min ago; Pacifica: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 2 min ago0.90 bp6.1 bp −$67.6 bp −$76doesn't fitdoesn't fit
Sell Pacifica live order book, 12 min ago2.19 bp9.2 bp −$9doesn't fitdoesn't fitdoesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0314%4h1,051.5−0.040%$1.3M$672K10xas long as short
OKX MU-USDT-SWAP0.0000%8h1,052.1+0.017%$31.2M$99.9M50xas long as short
RISEx MU/USDC0.0000%1h1,052.2+0.024%$333K$348K20xas long as short
Gate MU_USDT0.0000%8h1,051.9−0.006%$62.3M$27.4M75xas long as short
GRVT MU_USDT_Perplong0.0000%8h1,051.9long leg$78K$1.3M10x
StandX MU-USD0.0000%1h1,051.7−0.026%$190K$3.4M20xas long as short
SunX MU-USDT0.0000%8h1,053.8+0.172%$11K$5.8M10xas long as short
Deribit MU_USDC-PERPETUAL0.0000%1h1,051.9−0.007%$69K$410K10xas long as short
HTX MU-USDT0.0000%8h1,051.9−0.004%$130K$432K50xas long as short
Aster MUUSD1+0.0012%8h1,052+0.009%$21.4M$55.0M20xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit MUUSDT+0.0016%8h1,052.4+0.041%$19.2M$32.3M100xas long as short
Aftermath Perps MUUSD+0.0017%1h1,051.7−0.018%$3K$45K10xas long as short
Lighter MU+0.0032%1h1,052.1+0.011%$1.1M$5.1M20xas long as short
Lighter RH MU+0.0032%1h1,052+0.008%$1.3M$4.4M10xas long as short
Extended MU_24_5-USD+0.0032%1h1,051.6−0.029%$564K$1.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4−0.055%$19K$5K12xas long as short
QFEX MU-USD+0.0034%1h1,051.8−0.015%$7.2M$18.0M10xas long as short
Bullet MU-USD+0.0035%1h1,052+0.006%$25K$398K10xas long as short
Nado MU-PERP+0.0040%1h1,051.7−0.025%$282K$843K10xas long as short
Arcus MU-USD+0.0040%1h1,051.6−0.031%$71K$234K10xas long as short
Variational Omni MU+0.0042%8h1,051.8−0.010%$2.7M$2.4Mas long as short
Vest MU-USD-PERP+0.0046%1h1,053.1+0.110%$175K25xas long as short
Polymarket Perps MU-USD+0.0050%1h1,051.8−0.013%$171K$202K10xas long as short
SoDEX MU-USD+0.0050%1h1,052+0.001%$690K$16K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,050.6−0.124%$1.9M$2.2M10xas long as short
Paradex MU-USD-PERP+0.0053%8h1,052.1+0.017%$2K5xas long as short
tradeXYZ xyz:MU+0.0070%1h1,051.7−0.023%$178.8M$99.1M10xas long as short
Binance MUUSDT+0.0080%8h1,052.1+0.013%$126.8M$517.2M50xas long as short
Coinbase International MU-PERP-INTX+0.0080%1h1,051.90.000%$758K$1.2M10xas long as short
Pacifica MUshort+0.0100%1h1,051.9−0.005%$148K$185K10x
KuCoin MUUSDTM+0.0100%8h1,051.9−0.007%$5.3M$3.4M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,051.7−0.020%$71K$268K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,052+0.006%$836$79920xas long as short
Aevo MU-PERP+0.0104%1h1,051.5−0.044%$32K$1K10xas long as short
Bitget MUUSDT+0.0129%8h1,052+0.002%$20.6M$41.1M50xas long as short
BloFin MU-USDT+0.0200%8h1,052+0.008%$1.5M$2.0M20xas long as short
Phoenix MU+0.0304%1h1,052.1+0.015%$538K$271K15xas long as short