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 +0.021%

Price spread now: Pacifica against OKX+0.031%49s7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as 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−$320.318% of the position

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.031%, 7d avg −0.028%

Together, before fees−0.035%+ Points / potential airdropPacifica: Active · farm board−$3 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 0.059% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.028%. The two prices were read 49 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	OKX MU-USDT-SWAP	1,048.1	0	get 0.0000% / 8h	3h 49m	$31.2M	$99.4M	50x
Short	Pacifica MU	1,048.4	0.0100	get 0.0013% / 1h	49m 44s	$148K	$185K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against OKX. 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 OKXbpFee PacificabpOrdersPrice spread, now +0.031%Rate

Funding earned: $21
Price spread: +0.031% → −0.028%: $5.91
Slippage, 4 orders: −$13.79
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$4.88
Costs to cover: 0.318%
Break-even: 8.6 days

Slippage from OKX: live order book, 4 min ago; Pacifica: live order book, 3 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 OKX live order book, 4 min ago	0.05 bp	5.3 bp −$5	6.3 bp −$63	20.2 bp −$2,018	doesn't fit
Sell Pacifica live order book, 3 min ago	3.76 bp	12.8 bp −$13	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	−0.0827%	4h	1,049.7	+0.156%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,048.5	+0.040%	$21.3M	$55.6M	20x	as long as short
OKX MU-USDT-SWAPlong	0.0000%	8h	1,048.1	long leg	$31.2M	$99.4M	50x
RISEx MU/USDC	0.0000%	1h	1,048.7	+0.057%	$339K	$351K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,048.1	−0.005%	$62.5M	$27.6M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,048.4	+0.026%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,049.1	+0.092%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,049.9	+0.169%	$82K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,049.2	+0.105%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,049.1	+0.094%	$11K	$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
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.2	+0.007%	$73K	$460K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.4	+0.024%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0002%	8h	1,048.4	+0.025%	$19.0M	$31.9M	100x	as long as short
Binance MUUSDT	+0.0005%	8h	1,048.1	0.000%	$125.7M	$516.9M	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,049.1	+0.096%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,048.4	+0.031%	$7.1M	$17.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,047.9	−0.016%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,048	−0.007%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,047.5	−0.055%	$563K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.311%	$19K	$5K	12x	as long as short
BloFin MU-USDT	+0.0034%	8h	1,049.6	+0.141%	$1.5M	$2.0M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.2	+0.105%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,049.6	+0.138%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,047.9	−0.019%	$177.8M	$97.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.3	+0.019%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,048.4	+0.032%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.7	−0.041%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,048.6	+0.051%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0063%	1h	1,048.3	+0.018%	$281K	$832K	10x	as long as short
Bullet MU-USD	+0.0069%	1h	1,048.7	+0.057%	$26K	$395K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,048.1	+0.003%	$32K	$1K	10x	as long as short
Pacifica MUshort	+0.0100%	1h	1,048.4	+0.031%	$148K	$185K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,048	−0.011%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.1	+0.188%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.4	+0.025%	$833	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.184%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,050.1	+0.191%	$537K	$271K	15x	as long as short