Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0851%/8h= −93.2% APRpaid last 24h +0.043%

Price spread now: edgeX against Pacifica−0.049%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs+$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Pacifica Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.679%+$68 on $10k

Price spread, last 4 days (all we have)+0.294%+$29 · spread now −0.049%, 7d avg +0.033%

Together, before fees+0.973%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board+$97 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and edgeX is 0.082% cheaper against Pacifica than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.033%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.679%, 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	1,051.6	0.0100	pay 0.0013% / 1h	7m 11s	$149K	$186K	10x
Short	edgeX MUUSDC	1,051.1	−0.0751	pay 0.0376% / 4h	3h 07m	$1.3M	$671K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$178.81
Price spread: −0.049% → +0.033%: −$8.21
Slippage, 4 orders: −$9.57
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$213.59
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from Pacifica: live order book, 1 min ago; edgeX: 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, 1 min ago	2.66 bp	7.6 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	0.33 bp	4.9 bp −$5	6.8 bp −$68	28.1 bp −$2,809	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 MUUSDCshort	−0.0751%	4h	1,051.1	−0.049%	$1.3M	$671K	10x
Gate MU_USDT	0.0000%	8h	1,051.5	−0.016%	$62.7M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.4	−0.122%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.6	+0.090%	$11K	$6.1M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.3	−0.032%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,051	−0.063%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,051.4	−0.026%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.026%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.2	+0.050%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.2	−0.041%	$171K	$203K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.8	−0.080%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,051.4	−0.025%	$7.6M	$21.2M	10x	as long as short
Lighter MU	+0.0056%	1h	1,051.4	−0.019%	$1.1M	$4.8M	20x	as long as short
SoDEX MU-USD	+0.0068%	1h	1,051.4	−0.022%	$690K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0086%	8h	1,051.5	−0.015%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0088%	1h	1,051	−0.058%	$274K	$857K	10x	as long as short
Pacifica MUlong	+0.0100%	1h	1,051.6	long leg	$149K	$186K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,051.3	−0.037%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.6	−0.095%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.4	−0.020%	$836	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0108%	8h	1,051.7	+0.004%	$31.0M	$101.7M	50x	as long as short
Aevo MU-PERP	+0.0144%	1h	1,051.3	−0.032%	$32K	$1K	10x	as long as short
Bullet MU-USD	+0.0179%	1h	1,051.6	−0.006%	$26K	$396K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,050.5	−0.110%	$762K	$1.2M	10x	as long as short
tradeXYZ xyz:MU	+0.0205%	1h	1,051.2	−0.041%	$178.5M	$100.1M	10x	as long as short
Bybit MUUSDT	+0.0209%	8h	1,051.6	0.000%	$19.4M	$32.6M	100x	as long as short
Arcus MU-USD	+0.0240%	1h	1,051.2	−0.044%	$71K	$242K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0245%	1h	1,051.4	−0.022%	$65K	$312K	10x	as long as short
Variational Omni MU	+0.0248%	8h	1,051.1	−0.056%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0261%	8h	1,050.9	−0.074%	$21.6M	$48.4M	20x	as long as short
Binance MUUSDT	+0.0266%	8h	1,051.6	−0.006%	$126.4M	$521.3M	50x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,051.7	+0.002%	$316K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0312%	1h	1,050.7	−0.089%	$559K	$1.2M	10x	as long as short
Phoenix MU	+0.0383%	1h	1,051.5	−0.013%	$538K	$306K	15x	as long as short
BloFin MU-USDT	+0.0386%	8h	1,051.6	−0.005%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0416%	8h	1,051.5	−0.010%	$20.6M	$41.6M	50x	as long as short
GRVT MU_USDT_Perp	+0.0569%	8h	1,051.2	−0.042%	$83K	$1.3M	10x	as long as short