Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%
Price spread now: Pacifica against StandX+0.004%50s7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$320.320% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.192%+$19 on $10k
Price spread, last 4 days (all we have)+0.253%+$25 · spread now +0.004%, 7d avg −0.033%
Together, before fees+0.445%+ Points / potential airdropStandX: Active · Pacifica: Active · farm board+$44 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.037% dearer against StandX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.033%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX MU-USD1,049.50get 0.0000% / 1h52m 41s$190K$3.4M20x
ShortPacifica MU1,049.60.0100get 0.0013% / 1h52m 41s$148K$185K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against StandX. 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

Funding earned
$21
Price spread: +0.004% → −0.033%
$3.67
Slippage, 4 orders
−$15.98
Fee StandX: 4 bp × 2 orders
−$8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$7.31
Costs to cover
0.320%
Break-even
9.4 days
Slippage from StandX: live order book, 1 min ago; Pacifica: live order book, 65 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy StandX live order book, 1 min ago2.43 bp8.5 bp −$914.7 bp −$147doesn't fitdoesn't fit
Sell Pacifica live order book, 65 min ago2.19 bp9.2 bp −$9doesn't fitdoesn't fitdoesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0403%4h1,049.7+0.014%$1.3M$671K10xas long as short
Aster MUUSD10.0000%8h1,050.2+0.061%$21.4M$55.2M20xas long as short
OKX MU-USDT-SWAP0.0000%8h1,049.4−0.015%$31.2M$99.5M50xas long as short
RISEx MU/USDC0.0000%1h1,049.7+0.019%$339K$351K20xas long as short
Gate MU_USDT0.0000%8h1,049.4−0.009%$62.6M$27.6M75xas long as short
Bitget MUUSDT0.0000%8h1,049.7+0.014%$20.5M$41.3M50xas long as short
Variational Omni MU0.0000%8h1,049.7+0.019%$2.7M$2.4Mas long as short
GRVT MU_USDT_Perp0.0000%8h1,050.4+0.088%$81K$1.4M10xas long as short
StandX MU-USDlong0.0000%1h1,049.5long leg$190K$3.4M20x
SunX MU-USDT0.0000%8h1,050.2+0.065%$11K$5.8M10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX MU-USDT0.0000%8h1,049.5−0.006%$130K$430K50xas long as short
Bybit MUUSDT+0.0005%8h1,049.4−0.010%$19.0M$31.9M100xas long as short
Binance MUUSDT+0.0010%8h1,049.50.000%$125.9M$516.7M50xas long as short
Aftermath Perps MUUSD+0.0023%1h1,049.7+0.018%$3K$44K10xas long as short
QFEX MU-USD+0.0032%1h1,049.3−0.018%$7.1M$17.8M10xas long as short
Lighter MU+0.0032%1h1,049.4−0.017%$1.1M$5.0M20xas long as short
Lighter RH MU+0.0032%1h1,049.4−0.010%$1.3M$4.4M10xas long as short
Extended MU_24_5-USD+0.0032%1h1,048.9−0.062%$563K$1.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4+0.174%$19K$5K12xas long as short
Arcus MU-USD+0.0040%1h1,049.7+0.014%$71K$233K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,050.6+0.104%$176K25xas long as short
BloFin MU-USDT+0.0046%8h1,049.8+0.029%$1.5M$2.0M20xas long as short
tradeXYZ xyz:MU+0.0050%1h1,049.2−0.031%$178.1M$97.0M10xas long as short
Polymarket Perps MU-USD+0.0050%1h1,049.5−0.003%$170K$202K10xas long as short
SoDEX MU-USD+0.0050%1h1,049.6+0.010%$689K$16K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,048.8−0.072%$1.9M$2.2M10xas long as short
Paradex MU-USD-PERP+0.0051%8h1,049.5+0.001%$2K5xas long as short
Nado MU-PERP+0.0066%1h1,049.7+0.014%$282K$833K10xas long as short
Aevo MU-PERP+0.0080%1h1,049.3−0.025%$32K$1K10xas long as short
Bullet MU-USD+0.0084%1h1,049.7+0.018%$26K$395K10xas long as short
Pacifica MUshort+0.0100%1h1,049.6+0.004%$148K$185K10x
KuCoin MUUSDTM+0.0100%8h1,049.4−0.012%$5.3M$3.4M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,050.3+0.069%$71K$268K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,049.7+0.013%$834$79920xas long as short
Coinbase International MU-PERP-INTX+0.0120%1h1,050+0.048%$757K$1.2M10xas long as short
Deribit MU_USDC-PERPETUAL+0.0141%1h1,049.3−0.021%$73K$459K10xas long as short
Phoenix MU+0.0305%1h1,050.1+0.054%$537K$271K15xas long as short