Funding you earn now, next payment 22:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.036%
Price spread now: Coinbase International against Pacifica+0.034%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$330.334% of the position
Funding, last 7 days+0.189%+$19 on $10k
+Price spread, last 3 days (all we have)−0.078%−$8 · spread now +0.034%, 7d avg −0.006%
=Together, before fees+0.111%+ Points / potential airdropPacifica: Active · farm board+$11 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 Coinbase International is 0.040% dearer against Pacifica than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MU | 1,043.5 | 0.0100 | pay 0.0013% / 1h | 31m 59s | $154K | $182K | 10x |
| Short | Coinbase International MU-PERP-INTX | 1,043.9 | 0.0184 | get 0.0023% / 1h | 31m 59s | $756K | $1.4M | 10x |
Pacifica MU
Coinbase International MU-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $17.64
- Price spread: +0.034% → −0.006%
- $4
- Slippage, 4 orders
- −$15.38
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$11.74
- Costs to cover
- 0.334%
- Break-even
- 11.7 days
Slippage from Pacifica: live order book, 51 min ago; Coinbase International: 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, 51 min ago | 3.45 bp | 8.9 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 2.54 bp | 7.7 bp −$8 | 7.7 bp −$77 | 59.9 bp −$5,986 | 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 | −0.0897% | 4h | 1,044.1 | +0.056% | $1.3M | $673K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,043.9 | +0.036% | $62.9M | $29.0M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,043.2 | −0.030% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,046.2 | +0.254% | $11K | $6.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,043.8 | +0.027% | $125K | $441K | 50x | as long as short |
| OKX MU-USDT-SWAP | +0.0020% | 8h | 1,043.8 | +0.031% | $30.9M | $104.8M | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0030% | 1h | 1,043.7 | +0.018% | $3K | $45K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,043.7 | +0.014% | $1.2M | $4.2M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.689% | $14K | $302 | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,043.5 | −0.004% | — | $193K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
OKX MU-USDT-SWAP
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,043.8 | +0.027% | $165K | $180K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,043.9 | +0.032% | $685K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,043 | −0.046% | $2.0M | $2.7M | 10x | as long as short |
| Aster MUUSD1 | +0.0064% | 8h | 1,044.4 | +0.080% | $21.5M | $47.4M | 20x | as long as short |
| QFEX MU-USD | +0.0071% | 1h | 1,043.9 | +0.037% | $7.8M | $24.2M | 10x | as long as short |
| Bitget MUUSDT | +0.0092% | 8h | 1,043.8 | +0.023% | $20.4M | $43.0M | 50x | as long as short |
| Pacifica MUlong | +0.0100% | 1h | 1,043.5 | long leg | $154K | $182K | 10x | |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,043.2 | −0.028% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,044.7 | +0.113% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,044 | +0.048% | $830 | $799 | 20x | as long as short |
| Aevo MU-PERP | +0.0120% | 1h | 1,043.8 | +0.028% | $33K | — | 10x | as long as short |
| Variational Omni MU | +0.0122% | 8h | 1,044.2 | +0.069% | $2.6M | $2.7M | — | as long as short |
| Paradex MU-USD-PERP | +0.0129% | 8h | 1,043.9 | +0.037% | $2K | — | 5x | as long as short |
| Binance MUUSDT | +0.0146% | 8h | 1,043.9 | +0.037% | $124.8M | $536.8M | 50x | as long as short |
| Coinbase International MU-PERP-INTXshort | +0.0184% | 1h | 1,043.9 | +0.034% | $756K | $1.4M | 10x | |
| Lighter MU | +0.0192% | 1h | 1,043.8 | +0.022% | $1.0M | $4.8M | 20x | as long as short |
| Nado MU-PERP | +0.0203% | 1h | 1,042.9 | −0.057% | $302K | $847K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0205% | 8h | 1,044.4 | +0.084% | $82K | $1.4M | 10x | as long as short |
| Bybit MUUSDT | +0.0227% | 8h | 1,044.1 | +0.057% | $19.1M | $32.6M | 100x | as long as short |
| Bullet MU-USD | +0.0263% | 1h | 1,044 | +0.046% | $26K | $397K | 10x | as long as short |
| BloFin MU-USDT | +0.0265% | 8h | 1,044.1 | +0.059% | $1.5M | $2.0M | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0338% | 1h | 1,043.7 | +0.017% | $176.4M | $107.0M | 10x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,044.6 | +0.103% | $534K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0435% | 1h | 1,043.6 | +0.007% | $63K | $230K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0498% | 1h | 1,043.9 | +0.036% | $61K | $246K | 10x | as long as short |
| RISEx MU/USDC | +0.0499% | 1h | 1,044.4 | +0.084% | $285K | $333K | 20x | as long as short |
| Extended MU_24_5-USD | +0.0640% | 1h | 1,042.7 | −0.075% | $541K | $1.1M | 10x | as long as short |
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Aster MUUSD1
QFEX MU-USD
Bitget MUUSDT
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aevo MU-PERP
Variational Omni MU
Paradex MU-USD-PERP
Binance MUUSDT
Lighter MU
Nado MU-PERP
GRVT MU_USDT_Perp
Bybit MUUSDT
Bullet MU-USD
BloFin MU-USDT
tradeXYZ xyz:MU
Phoenix MU
Arcus MU-USD
Deribit MU_USDC-PERPETUAL
RISEx MU/USDC
Extended MU_24_5-USD