Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Orderly against Pacifica+0.046%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.046% dearer against Pacifica than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MU	1,045.4	0.0100	pay 0.0013% / 1h	47m 59s	$153K	$182K	10x
Short	Orderly PERP_MU_USDC_mythos	1,045.9	0.0100	get 0.0100% / 8h	47m 59s	$831	$799	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → 0.000%: $4.59
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$9.41
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 30 min ago; Orderly: no order-book sample. Net counts fees only.

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, 30 min ago	3.55 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0051%	4h	1,045.5	+0.010%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.6	+0.023%	$63.0M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,044.6	−0.078%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048	+0.249%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.6	+0.024%	$124K	$446K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.6	+0.018%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.511%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0036%	1h	1,044.8	−0.055%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.4	+0.007%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.5	+0.012%	$166K	$197K	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	1,044.4	−0.093%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0078%	8h	1,045.8	+0.036%	$30.8M	$105.1M	50x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.7	+0.033%	$7.9M	$23.9M	10x	as long as short
Pacifica MUlong	+0.0100%	1h	1,045.4	long leg	$153K	$182K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,045	−0.040%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.9	+0.049%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythosshort	+0.0100%	8h	1,045.9	+0.046%	$831	$799	20x
Bitget MUUSDT	+0.0135%	8h	1,045.7	+0.030%	$20.5M	$43.6M	50x	as long as short
SoDEX MU-USD	+0.0135%	1h	1,045.7	+0.030%	$686K	$16K	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,045.6	+0.024%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0159%	8h	1,045.6	+0.024%	$2K	—	5x	as long as short
Aster MUUSD1	+0.0160%	8h	1,046.3	+0.089%	$21.6M	$47.3M	20x	as long as short
Variational Omni MU	+0.0189%	8h	1,045.5	+0.012%	$2.6M	$2.5M	—	as long as short
Binance MUUSDT	+0.0208%	8h	1,046	+0.055%	$124.9M	$533.0M	50x	as long as short
Lighter MU	+0.0208%	1h	1,045.7	+0.030%	$1.0M	$4.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.6	+0.017%	$757K	$1.4M	10x	as long as short
GRVT MU_USDT_Perp	+0.0251%	8h	1,045.8	+0.036%	$77K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0270%	1h	1,044.9	−0.046%	$270K	$875K	10x	as long as short
Bullet MU-USD	+0.0271%	1h	1,045.7	+0.032%	$25K	$396K	10x	as long as short
Bybit MUUSDT	+0.0284%	8h	1,046	+0.063%	$19.2M	$32.6M	100x	as long as short
tradeXYZ xyz:MU	+0.0319%	1h	1,045.6	+0.022%	$176.7M	$105.6M	10x	as long as short
BloFin MU-USDT	+0.0326%	8h	1,045.7	+0.027%	$1.4M	$2.0M	20x	as long as short
Phoenix MU	+0.0460%	1h	1,045.4	+0.003%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.3	−0.008%	$74K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.2	+0.079%	$316K	$339K	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0573%	1h	1,045.8	+0.036%	$62K	$256K	10x	as long as short
Extended MU_24_5-USD	+0.0728%	1h	1,044.8	−0.054%	$540K	$1.1M	10x	as long as short