Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Gate against Pacifica+0.037%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.037%, 7d avg +0.006%

Together, before fees−0.150%+ Points / potential airdropPacifica: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.031% dearer against Pacifica than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of +0.006%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MU	1,049.7	0.0100	pay 0.0013% / 1h	27m 44s	$148K	$187K	10x
Short	Gate MU_USDT	1,050.1	0	get 0.0000% / 8h	6h 27m	$62.1M	$27.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.037%Rate

Funding earned: −$21
Price spread: +0.037% → +0.006%: $3.12
Slippage, 4 orders: −$16.6
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$57.49
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from Pacifica: live order book, 40 min ago; Gate: 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, 40 min ago	2.66 bp	7.6 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.67 bp	10.9 bp −$11	16.9 bp −$169	34.2 bp −$3,420	54.9 bp −$27.5K

MU on 36 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	−0.0886%	4h	1,049.2	−0.046%	$1.3M	$672K	10x	as long as short
Nado MU-PERP	−0.0007%	1h	1,049.3	−0.039%	$275K	$858K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.7	+0.096%	$19.2M	$32.7M	100x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,050.1	+0.037%	$62.1M	$27.7M	75x
StandX MU-USD	0.0000%	1h	1,050	+0.026%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050	+0.028%	$25K	$395K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051	+0.122%	$11K	$6.0M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.8	+0.012%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,049.5	−0.018%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,050.4	+0.065%	$1.1M	$4.8M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,050.3	+0.061%	$1.1M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.6	−0.007%	$567K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,049.8	+0.005%	$7.4M	$19.8M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.5	−0.022%	$71K	$236K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.7	+0.094%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,050.2	+0.048%	$178.2M	$99.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.7	+0.001%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.9	+0.024%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.9	−0.079%	$1.9M	$2.4M	10x	as long as short
OKX MU-USDT-SWAP	+0.0062%	8h	1,050.2	+0.045%	$30.8M	$100.7M	50x	as long as short
Paradex MU-USD-PERP	+0.0065%	8h	1,049.8	+0.009%	$2K	—	5x	as long as short
Pacifica MUlong	+0.0100%	1h	1,049.7	long leg	$148K	$187K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,049.9	+0.019%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.2	−0.049%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.8	+0.007%	$835	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.159%	$19K	$5K	12x	as long as short
GRVT MU_USDT_Perp	+0.0110%	8h	1,049.4	−0.026%	$81K	$1.3M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,049.5	−0.022%	$758K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,049.6	−0.008%	$32K	$1K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0169%	1h	1,049.8	+0.012%	$66K	$334K	10x	as long as short
Aster MUUSD1	+0.0180%	8h	1,049.9	+0.017%	$21.6M	$50.8M	20x	as long as short
Variational Omni MU	+0.0196%	8h	1,049	−0.062%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0206%	8h	1,050.3	+0.054%	$126.7M	$524.7M	50x	as long as short
Bitget MUUSDT	+0.0248%	8h	1,050.2	+0.052%	$20.5M	$42.0M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,049.9	+0.020%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,049.9	+0.018%	$334K	$348K	20x	as long as short