Funding you earn now, next payment 01:00 UTC+0.0244%/8h= +26.7% APRnext payment +$0.30 per $10,000 · paid last 24h +0.018%
Price spread now: Extended against Pacifica−0.221%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$290.295% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.175%+$17 · spread now −0.221%, 7d avg −0.011%
=Together, before fees+0.179%+ Points / potential airdropPacifica: Active · Extended: Active · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.211% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.221% now, against its 7-day average of −0.011%). If the spread goes back, that is −$21 on $10k: about 2.9 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.004% in total) that is about 11 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MU | 1,046.7 | 0.0100 | pay 0.0013% / 1h | 57m 31s | $153K | $180K | 10x |
| Short | Extended MU_24_5-USD | 1,044.4 | 0.0344 | get 0.0043% / 1h | 57m 31s | $550K | $1.0M | 10x |
Pacifica MU
Extended MU_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $51.24
- Price spread: −0.221% → −0.011%
- −$21.09
- Slippage, 4 orders
- −$16.45
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $0.7
- Costs to cover
- 0.295%
- Break-even
- 6.9 days
Slippage from Pacifica: live order book, 15 min ago; Extended: live order book, 1 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, 15 min ago | 2.30 bp | 6.4 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 1 min ago | 2.92 bp | 5.4 bp −$5 | 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 | −0.0299% | 4h | 1,044.8 | −0.176% | $1.3M | $671K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,046.9 | +0.025% | $63.1M | $28.3M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,045.1 | −0.147% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,047.5 | +0.080% | $11K | $6.4M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,045 | −0.156% | $129K | $418K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0026% | 1h | 1,045 | −0.157% | $3K | $45K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,046.5 | −0.018% | $1.2M | $4.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.386% | $14K | $251 | 12x | as long as short |
| Lighter MU | +0.0040% | 1h | 1,046.8 | +0.015% | $1.0M | $4.7M | 20x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,047.3 | +0.059% | — | $194K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Lighter MU
Vest MU-USD-PERPShow 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 | 1,044.6 | −0.199% | $2.0M | $2.3M | 10x | as long as short |
| Nado MU-PERP | +0.0051% | 1h | 1,046.2 | −0.041% | $271K | $866K | 10x | as long as short |
| QFEX MU-USD | +0.0054% | 1h | 1,047.1 | +0.040% | $7.9M | $23.7M | 10x | as long as short |
| Bybit MUUSDT | +0.0070% | 8h | 1,047.4 | +0.070% | $19.2M | $32.6M | 100x | as long as short |
| OKX MU-USDT-SWAP | +0.0075% | 8h | 1,047.3 | +0.060% | $30.9M | $102.0M | 50x | as long as short |
| Polymarket Perps MU-USD | +0.0082% | 1h | 1,045.4 | −0.122% | $169K | $203K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0085% | 1h | 1,045.6 | −0.107% | $62K | $291K | 10x | as long as short |
| Pacifica MUlong | +0.0100% | 1h | 1,046.7 | long leg | $153K | $180K | 10x | |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,046.4 | −0.030% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,045.8 | −0.080% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,046 | −0.067% | $832 | $799 | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0102% | 8h | 1,047 | +0.031% | $2K | — | 5x | as long as short |
| Bitget MUUSDT | +0.0120% | 8h | 1,046.9 | +0.022% | $20.5M | $41.7M | 50x | as long as short |
| SoDEX MU-USD | +0.0123% | 1h | 1,045.5 | −0.109% | $686K | $16K | 10x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,045.4 | −0.125% | $33K | — | 10x | as long as short |
| Variational Omni MU | +0.0166% | 8h | 1,045.6 | −0.102% | $2.7M | $2.5M | — | as long as short |
| Aster MUUSD1 | +0.0171% | 8h | 1,046.8 | +0.009% | $21.6M | $47.6M | 20x | as long as short |
| Binance MUUSDT | +0.0181% | 8h | 1,047.3 | +0.061% | $125.2M | $526.5M | 50x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,045.1 | −0.146% | $757K | $1.3M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0204% | 8h | 1,045.8 | −0.085% | $82K | $1.4M | 10x | as long as short |
| Arcus MU-USD | +0.0240% | 1h | 1,045.5 | −0.112% | $70K | $243K | 10x | as long as short |
| Bullet MU-USD | +0.0285% | 1h | 1,045.5 | −0.109% | $25K | $394K | 10x | as long as short |
| BloFin MU-USDT | +0.0303% | 8h | 1,045.5 | −0.117% | $1.5M | $2.0M | 20x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,047.3 | +0.063% | $315K | $337K | 20x | as long as short |
| Extended MU_24_5-USDshort | +0.0344% | 1h | 1,044.4 | −0.221% | $550K | $1.0M | 10x | |
| Phoenix MU | +0.0460% | 1h | 1,046 | −0.064% | $535K | $306K | 15x | as long as short |
| tradeXYZ xyz:MU | +0.0523% | 1h | 1,045.7 | −0.093% | $177.1M | $105.1M | 10x | as long as short |
Ondo Perps MU-USD.P
Nado MU-PERP
QFEX MU-USD
Bybit MUUSDT
OKX MU-USDT-SWAP
Polymarket Perps MU-USD
Deribit MU_USDC-PERPETUAL
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Paradex MU-USD-PERP
Bitget MUUSDT
SoDEX MU-USD
Aevo MU-PERP
Variational Omni MU
Aster MUUSD1
Binance MUUSDT
Coinbase International MU-PERP-INTX
GRVT MU_USDT_Perp
Arcus MU-USD
Bullet MU-USD
BloFin MU-USDT
RISEx MU/USDC
Phoenix MU
tradeXYZ xyz:MU