Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h −0.008%

Price spread now: Bitget against Pacifica+0.007%52s7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as 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−$300.300% of the position

Long on Pacifica Short on Bitget

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)+0.102%+$10 · spread now +0.007%, 7d avg +0.036%

Together, before fees+0.105%+ Points / potential airdropPacifica: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.029% cheaper against Pacifica than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.036%). Swap the legs. The two prices were read 52 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	Pacifica MU	1,050.4	0.0100	pay 0.0013% / 1h	1m 45s	$148K	$185K	10x
Short	Bitget MUUSDT	1,050.5	0.0031	get 0.0031% / 8h	4h 01m	$20.4M	$41.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$14.49
Price spread: +0.007% → +0.036%: −$2.89
Slippage, 4 orders: −$10.05
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.42
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from Pacifica: live order book, 56 min ago; Bitget: live order book, 2 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, 56 min ago	2.19 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.05 bp	7.5 bp −$8	9.4 bp −$94	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	−0.0509%	4h	1,051.8	+0.135%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,050.6	+0.018%	$21.4M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,050.4	+0.003%	$31.2M	$99.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.6	+0.019%	$339K	$351K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.2	−0.018%	$62.7M	$27.7M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,052	+0.151%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.3	+0.186%	$81K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.4	−0.003%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.8	+0.043%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050	−0.033%	$73K	$453K	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-USDT	0.0000%	8h	1,050	−0.035%	$131K	$430K	50x	as long as short
Bybit MUUSDT	+0.0011%	8h	1,050.6	+0.016%	$19.1M	$32.0M	100x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,050.9	+0.050%	$3K	$44K	10x	as long as short
Binance MUUSDT	+0.0024%	8h	1,050.4	−0.002%	$126.2M	$516.6M	50x	as long as short
Bitget MUUSDTshort	+0.0031%	8h	1,050.5	+0.007%	$20.4M	$41.2M	50x
Lighter RH MU	+0.0032%	1h	1,050.3	−0.007%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.7	−0.070%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.092%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,050.3	−0.007%	$7.1M	$17.8M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051	+0.059%	$71K	$233K	10x	as long as short
Nado MU-PERP	+0.0043%	1h	1,050.1	−0.028%	$282K	$835K	10x	as long as short
Bullet MU-USD	+0.0045%	1h	1,050.4	+0.001%	$26K	$395K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.4	+0.099%	—	$176K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.2	−0.018%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.3	−0.010%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.2	−0.018%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,050.4	+0.005%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,050.3	−0.005%	$1.1M	$5.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0063%	1h	1,050.1	−0.028%	$178.2M	$98.2M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,051.2	+0.076%	$760K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0088%	1h	1,050	−0.038%	$32K	$1K	10x	as long as short
Pacifica MUlong	+0.0100%	1h	1,050.4	long leg	$148K	$185K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,050.1	−0.031%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.7	+0.127%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.3	−0.010%	$835	$799	20x	as long as short
BloFin MU-USDT	+0.0101%	8h	1,050.5	+0.008%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,051.9	+0.144%	$538K	$271K	15x	as long as short