Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: Pacifica against KuCoin+0.042%46s7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.495% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.042%, 7d avg +0.008%

Together, before fees−0.108%+ Points / potential airdropPacifica: Active · farm board−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.034% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.008%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MUUSDTM	1,042.4	0.0100	pay 0.0100% / 8h	2h 00m	$5.2M	$3.9M	20x
Short	Pacifica MU	1,042.8	0.0100	get 0.0013% / 1h	0m 50s	$154K	$182K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against KuCoin. 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 KuCoinbpFee PacificabpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → +0.008%: $3.37
Slippage, 4 orders: −$29.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$46.13
Costs to cover: 0.495%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Pacifica: live order book, 22 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 KuCoin live order book, 7 min ago	2.11 bp	13.4 bp −$13	852.1 bp −$8,521	doesn't fit	doesn't fit
Sell Pacifica live order book, 22 min ago	3.45 bp	8.8 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	−0.0768%	4h	1,042.8	+0.037%	$1.3M	$673K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,042.7	+0.031%	$30.7M	$104.3M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,042.7	+0.029%	$62.9M	$29.2M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,042.6	+0.024%	$188K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,044.6	+0.217%	$11K	$6.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,042.5	+0.012%	$60K	$236K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042.5	+0.012%	$125K	$442K	50x	as long as short
Aster MUUSD1	+0.0007%	8h	1,043.2	+0.074%	$21.5M	$46.6M	20x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,042.5	+0.013%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.6	+0.025%	$1.1M	$4.3M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.799%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,042.8	+0.036%	—	$193K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,042.4	+0.002%	$165K	$180K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,042.7	+0.032%	$684K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,041.7	−0.064%	$2.0M	$2.6M	10x	as long as short
QFEX MU-USD	+0.0057%	1h	1,042.9	+0.053%	$7.8M	$24.1M	10x	as long as short
Bitget MUUSDT	+0.0072%	8h	1,042.7	+0.026%	$20.4M	$42.9M	50x	as long as short
Variational Omni MU	+0.0087%	8h	1,042.7	+0.031%	$2.7M	$2.7M	—	as long as short
Pacifica MUshort	+0.0100%	1h	1,042.8	+0.042%	$154K	$182K	10x
KuCoin MUUSDTMlong	+0.0100%	8h	1,042.4	long leg	$5.2M	$3.9M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,042.8	+0.039%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,042.8	+0.044%	$829	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0109%	8h	1,042.8	+0.038%	$2K	—	5x	as long as short
Binance MUUSDT	+0.0111%	8h	1,043	+0.055%	$124.7M	$540.4M	50x	as long as short
Aevo MU-PERP	+0.0112%	1h	1,042.5	+0.012%	$33K	—	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,043.8	+0.138%	$756K	$1.4M	10x	as long as short
Lighter MU	+0.0168%	1h	1,042.6	+0.025%	$998K	$4.8M	20x	as long as short
GRVT MU_USDT_Perp	+0.0178%	8h	1,042.9	+0.049%	$82K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0185%	1h	1,042.1	−0.029%	$307K	$845K	10x	as long as short
Bybit MUUSDT	+0.0189%	8h	1,042.8	+0.042%	$19.1M	$32.5M	100x	as long as short
RISEx MU/USDC	+0.0202%	1h	1,043	+0.063%	$285K	$333K	20x	as long as short
tradeXYZ xyz:MU	+0.0204%	1h	1,042.5	+0.012%	$176.2M	$107.3M	10x	as long as short
Bullet MU-USD	+0.0219%	1h	1,042.7	+0.031%	$25K	$400K	10x	as long as short
Arcus MU-USD	+0.0226%	1h	1,042.6	+0.024%	$63K	$230K	10x	as long as short
Phoenix MU	+0.0230%	1h	1,043	+0.059%	$533K	$303K	15x	as long as short
BloFin MU-USDT	+0.0231%	8h	1,042.9	+0.050%	$1.5M	$2.1M	20x	as long as short
Extended MU_24_5-USD	+0.0632%	1h	1,041.9	−0.042%	$540K	$1.1M	10x	as long as short