Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against HTX−0.008%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.008%, 7d avg −0.028%

Together, before fees+0.181%+ Points / potential airdropPacifica: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MU-USDT	1,049.7	0	get 0.0000% / 8h	3h 56m	$130K	$430K	50x
Short	Pacifica MU	1,049.6	0.0100	get 0.0013% / 1h	56m 38s	$148K	$185K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against HTX. 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 HTXbpFee PacificabpOrdersPrice spread, now −0.008%Rate

Funding earned: $21
Price spread: −0.008% → −0.028%: $1.98
Slippage, 4 orders: −$15.15
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$12.17
Costs to cover: 0.352%
Break-even: 11.1 days

Slippage from HTX: live order book, 62 min ago; Pacifica: live order book, 61 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 HTX live order book, 62 min ago	3.18 bp	9.3 bp −$9	13.8 bp −$138	20.5 bp −$2,054	doesn't fit
Sell Pacifica live order book, 61 min ago	2.19 bp	9.2 bp −$9	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	−0.0119%	4h	1,049.8	+0.014%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,050.4	+0.072%	$21.4M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,049.6	−0.004%	$31.2M	$99.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,049.9	+0.027%	$339K	$351K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.6	−0.010%	$62.6M	$27.5M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,049.9	+0.023%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,050.4	+0.073%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.3	+0.057%	$81K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.2	+0.050%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.7	+0.098%	$12K	$5.8M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDTlong	0.0000%	8h	1,049.7	long leg	$130K	$430K	50x
Bybit MUUSDT	+0.0008%	8h	1,049.8	+0.010%	$19.0M	$32.0M	100x	as long as short
Binance MUUSDT	+0.0017%	8h	1,049.7	+0.002%	$126.0M	$517.0M	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,050.1	+0.041%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,049.6	−0.003%	$7.1M	$17.8M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.6	−0.010%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.1	−0.052%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.163%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050	+0.037%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.1	+0.138%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049.4	−0.024%	$178.1M	$98.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.8	+0.014%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.1	+0.039%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.6	−0.002%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,049.8	+0.013%	$2K	—	5x	as long as short
BloFin MU-USDT	+0.0073%	8h	1,050.3	+0.058%	$1.5M	$2.0M	20x	as long as short
Nado MU-PERP	+0.0079%	1h	1,050.1	+0.039%	$282K	$835K	10x	as long as short
Aevo MU-PERP	+0.0088%	1h	1,049.7	+0.007%	$32K	$1K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0093%	1h	1,049.9	+0.023%	$73K	$456K	10x	as long as short
Lighter MU	+0.0096%	1h	1,049.6	−0.010%	$1.1M	$5.0M	20x	as long as short
Pacifica MUshort	+0.0100%	1h	1,049.6	−0.008%	$148K	$185K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,049.6	−0.009%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.4	+0.068%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.1	+0.042%	$835	$799	20x	as long as short
Bullet MU-USD	+0.0104%	1h	1,050.3	+0.062%	$26K	$395K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.036%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0304%	1h	1,050.6	+0.091%	$537K	$271K	15x	as long as short