MU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.03 per $10,000 · paid last 24h +0.009%

Price spread now: Bullet against Pacifica+0.057%7-day average +0.041% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Pacifica Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.097%+$10 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.057%, 7d avg +0.041%

Together, before fees+0.020%+ Points / potential airdropPacifica: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.097%, 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	1,050.5	0.0100	pay 0.0013% / 1h	31m 07s	$149K	$185K	10x
Short	Bullet MU-USD	1,051.1	0.0077	get 0.0010% / 1h	31m 07s	$26K	$398K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$4.84
Price spread: +0.057% → +0.041%: $1.53
Slippage, 4 orders: −$14.3
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$33.61
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from Pacifica: live order book, 32 min ago; Bullet: live order book, 33 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, 32 min ago	2.76 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Bullet live order book, 33 min ago	0.95 bp	6.6 bp −$7	21.0 bp −$210	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	−0.0330%	4h	1,050.5	+0.001%	$1.3M	$672K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,051.3	+0.080%	$19.2M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,051.3	+0.076%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,051	+0.051%	$62.1M	$27.4M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.8	+0.028%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.3	−0.014%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.9	+0.226%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.6	+0.009%	$67K	$372K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.9	+0.034%	$129K	$428K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050.1	−0.039%	$3K	$44K	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	+0.0026%	8h	1,051.3	+0.073%	$31.0M	$99.9M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.7	+0.024%	$7.2M	$18.2M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.9	+0.038%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.083%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.4	−0.012%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.8	+0.127%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.8	+0.029%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,051	+0.046%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.8	−0.069%	$1.9M	$2.3M	10x	as long as short
Lighter MU	+0.0056%	1h	1,051	+0.052%	$1.1M	$4.9M	20x	as long as short
Paradex MU-USD-PERP	+0.0056%	8h	1,051	+0.047%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0058%	1h	1,050.7	+0.017%	$282K	$848K	10x	as long as short
Extended MU_24_5-USD	+0.0064%	1h	1,050.3	−0.016%	$564K	$1.1M	10x	as long as short
tradeXYZ xyz:MU	+0.0064%	1h	1,050.8	+0.029%	$178.2M	$99.2M	10x	as long as short
Aster MUUSD1	+0.0075%	8h	1,051	+0.050%	$21.4M	$52.2M	20x	as long as short
Bullet MU-USDshort	+0.0077%	1h	1,051.1	+0.057%	$26K	$398K	10x
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.052%	$756K	$1.2M	10x	as long as short
Pacifica MUlong	+0.0100%	1h	1,050.5	long leg	$149K	$185K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,050.8	+0.030%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050	−0.047%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.9	+0.037%	$835	$799	20x	as long as short
Variational Omni MU	+0.0111%	8h	1,050.9	+0.040%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERP	+0.0120%	1h	1,050.7	+0.015%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0131%	8h	1,051.1	+0.059%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDT	+0.0138%	8h	1,051.1	+0.056%	$126.6M	$518.8M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.8	+0.029%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0258%	8h	1,051.2	+0.068%	$1.5M	$2.0M	20x	as long as short