MU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0060%/8h= −6.5% APRnext payment −$0.07 per $10,000 · paid last 24h +0.009%

Price spread now: Arcus against Pacifica−0.013%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Pacifica Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.102%+$10 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.013%, 7d avg −0.008%

Together, before fees+0.210%+ Points / potential airdropPacifica: Active · farm board+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.102%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MU	1,050.4	0.0100	pay 0.0013% / 1h	34m 57s	$149K	$185K	10x
Short	Arcus MU-USD	1,050.2	0.0040	get 0.0005% / 1h	34m 57s	$71K	$235K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Pacifica. 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 PacificabpFee ArcusbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$12.54
Price spread: −0.013% → −0.008%: −$0.53
Slippage, 4 orders: −$24.13
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$49.7
Costs to cover: 0.366%
Break-even: never at this rate

Slippage from Pacifica: live order book, 28 min ago; Arcus: live order book, 28 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 Pacifica live order book, 28 min ago	2.76 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 28 min ago	3.76 bp	10.1 bp −$10	13.7 bp −$137	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	−0.0394%	4h	1,050.5	+0.015%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.5	+0.017%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.3	−0.003%	$62.1M	$27.4M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.7	+0.032%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.2	−0.014%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052	+0.159%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050	−0.031%	$67K	$367K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.3	−0.011%	$129K	$428K	50x	as long as short
Bybit MUUSDT	+0.0004%	8h	1,050.6	+0.017%	$19.1M	$32.3M	100x	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,050.2	−0.018%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MU-USDT-SWAP	+0.0029%	8h	1,050.5	+0.010%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.2	−0.016%	$7.2M	$18.2M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.2	−0.012%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.094%	$19K	$5K	12x	as long as short
Arcus MU-USDshort	+0.0040%	1h	1,050.2	−0.013%	$71K	$235K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,051.2	+0.075%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050	−0.035%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.3	−0.008%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.5	−0.080%	$1.9M	$2.3M	10x	as long as short
Lighter MU	+0.0056%	1h	1,050.4	+0.002%	$1.1M	$4.9M	20x	as long as short
Extended MU_24_5-USD	+0.0056%	1h	1,049.8	−0.058%	$564K	$1.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0057%	8h	1,050.5	+0.011%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0067%	1h	1,050	−0.039%	$282K	$848K	10x	as long as short
tradeXYZ xyz:MU	+0.0070%	1h	1,050.1	−0.026%	$178.2M	$99.1M	10x	as long as short
Aster MUUSD1	+0.0082%	8h	1,050.3	−0.006%	$21.4M	$52.1M	20x	as long as short
Bullet MU-USD	+0.0087%	1h	1,050.5	+0.009%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.041%	$756K	$1.2M	10x	as long as short
Pacifica MUlong	+0.0100%	1h	1,050.4	long leg	$149K	$185K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,050.2	−0.021%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.1	+0.069%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.4	+0.005%	$835	$799	20x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,050	−0.032%	$32K	$1K	10x	as long as short
Variational Omni MU	+0.0122%	8h	1,050.5	+0.010%	$2.7M	$2.4M	—	as long as short
Bitget MUUSDT	+0.0136%	8h	1,050.5	+0.008%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDT	+0.0145%	8h	1,050.5	+0.012%	$126.5M	$518.6M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.7	+0.032%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0265%	8h	1,050.5	+0.014%	$1.5M	$2.0M	20x	as long as short