Funding you earn now, next payment 02:00 UTC+0.0129%/8h= +14.1% APRnext payment +$0.16 per $10,000 · paid last 24h +0.060%
Price spread now: Phoenix against Pacifica+0.041%47s7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.385% of the position
Funding, last 7 days+0.253%+$25 on $10k
+Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.041%, 7d avg +0.041%
=Together, before fees+0.188%+ Points / potential airdropPacifica: Active · farm board+$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MU | 1,050.3 | 0.0100 | pay 0.0013% / 1h | 34m 29s | $149K | $185K | 10x |
| Short | Phoenix MU | 1,050.7 | 0.0229 | get 0.0029% / 1h | 34m 29s | $537K | $271K | 15x |
Pacifica MU
Phoenix MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $27.02
- Price spread: +0.041% → +0.041%
- $0.01
- Slippage, 4 orders
- −$23.49
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$11.46
- Costs to cover
- 0.385%
- Break-even
- 10.0 days
Slippage from Pacifica: live order book, 28 min ago; Phoenix: live order book, 28 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, 28 min ago | 2.76 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 28 min ago | 2.85 bp | 10.7 bp −$11 | 22.6 bp −$226 | 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 | −0.0394% | 4h | 1,050.5 | +0.024% | $1.3M | $671K | 10x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,050.7 | +0.038% | $333K | $348K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,050.3 | +0.007% | $62.1M | $27.4M | 75x | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,050.7 | +0.042% | $85K | $1.3M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,050 | −0.024% | $190K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,052 | +0.169% | $11K | $5.9M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,050 | −0.022% | $67K | $367K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,050.3 | −0.002% | $129K | $428K | 50x | as long as short |
| Bybit MUUSDT | +0.0003% | 8h | 1,050.7 | +0.040% | $19.1M | $32.3M | 100x | as long as short |
| Aftermath Perps MUUSD | +0.0020% | 1h | 1,050.1 | −0.014% | $3K | $45K | 10x | as long as short |
edgeX MUUSDC
RISEx MU/USDC
Gate MU_USDT
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Bybit MUUSDT
Aftermath Perps MUUSDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MU-USDT-SWAP | +0.0028% | 8h | 1,050.4 | +0.008% | $31.0M | $99.8M | 50x | as long as short |
| QFEX MU-USD | +0.0030% | 1h | 1,050.3 | +0.003% | $7.2M | $18.2M | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,050.2 | −0.005% | $1.2M | $4.3M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.104% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,050.2 | −0.007% | $71K | $235K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,051.3 | +0.097% | — | $175K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,050.2 | −0.007% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,050.3 | +0.001% | $689K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,049.5 | −0.070% | $1.9M | $2.3M | 10x | as long as short |
| Lighter MU | +0.0056% | 1h | 1,050.4 | +0.013% | $1.1M | $4.9M | 20x | as long as short |
| Extended MU_24_5-USD | +0.0056% | 1h | 1,049.7 | −0.050% | $564K | $1.1M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0057% | 8h | 1,050.4 | +0.017% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0065% | 1h | 1,050.1 | −0.017% | $282K | $848K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0068% | 1h | 1,050.2 | −0.007% | $178.2M | $99.1M | 10x | as long as short |
| Aster MUUSD1 | +0.0080% | 8h | 1,050.3 | +0.005% | $21.4M | $52.1M | 20x | as long as short |
| Bullet MU-USD | +0.0085% | 1h | 1,050.5 | +0.025% | $25K | $398K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,049.9 | −0.031% | $756K | $1.2M | 10x | as long as short |
| Pacifica MUlong | +0.0100% | 1h | 1,050.3 | long leg | $149K | $185K | 10x | |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,050.3 | −0.001% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,051.1 | +0.078% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,050.4 | +0.014% | $835 | $799 | 20x | as long as short |
| Aevo MU-PERP | +0.0120% | 1h | 1,050 | −0.022% | $32K | $1K | 10x | as long as short |
| Variational Omni MU | +0.0122% | 8h | 1,050.5 | +0.019% | $2.7M | $2.4M | — | as long as short |
| Bitget MUUSDT | +0.0134% | 8h | 1,050.5 | +0.020% | $20.6M | $41.1M | 50x | as long as short |
| Binance MUUSDT | +0.0144% | 8h | 1,050.5 | +0.025% | $126.6M | $518.5M | 50x | as long as short |
| Phoenix MUshort | +0.0229% | 1h | 1,050.7 | +0.041% | $537K | $271K | 15x | |
| BloFin MU-USDT | +0.0265% | 8h | 1,050.5 | +0.023% | $1.5M | $2.0M | 20x | as long as short |
OKX MU-USDT-SWAP
QFEX MU-USD
Lighter RH MU
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Lighter MU
Extended MU_24_5-USD
Paradex MU-USD-PERP
Nado MU-PERP
tradeXYZ xyz:MU
Aster MUUSD1
Bullet MU-USD
Coinbase International MU-PERP-INTX
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aevo MU-PERP
Variational Omni MU
Bitget MUUSDT
Binance MUUSDT
BloFin MU-USDT