Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against ApeX Omni−0.094%51s7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as 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−$580.579% of the position

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.094%, 7d avg −0.031%

Together, before fees+0.043%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.063% cheaper against ApeX Omni than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.031%. The two prices were read 51 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	ApeX Omni MUUSDT	1,038.4	0.0100	pay 0.0013% / 1h	26m 22s	$70K	$270K	50x
Short	Pacifica MU	1,037.4	0.0100	get 0.0013% / 1h	26m 22s	$147K	$190K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against ApeX Omni. 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 ApeX OmnibpFee PacificabpOrdersPrice spread, now −0.094%Rate

Funding earned: $0
Price spread: −0.094% → −0.031%: −$6.31
Slippage, 4 orders: −$39.87
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$64.18
Costs to cover: 0.579%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 16 min ago; Pacifica: live order book, 17 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 ApeX Omni live order book, 16 min ago	7.62 bp	18.5 bp −$19	178.7 bp −$1,787	doesn't fit	doesn't fit
Sell Pacifica live order book, 17 min ago	2.90 bp	12.3 bp −$12	doesn't fit	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	−0.0477%	4h	1,038	−0.038%	$1.3M	$674K	10x	as long as short
Bitget MUUSDT	−0.0210%	8h	1,038	−0.036%	$20.2M	$40.3M	50x	as long as short
Nado MU-PERP	−0.0002%	1h	1,037.4	−0.090%	$278K	$815K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.2	−0.014%	$21.2M	$59.3M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038	−0.032%	$121.7M	$537.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.1	−0.029%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038	−0.036%	$29.9M	$100.0M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038	−0.036%	$313K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.4	−0.090%	$61.6M	$28.6M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.4	−0.097%	$2.5M	$2.6M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MU_USDT_Perp	0.0000%	8h	1,037.6	−0.073%	$73K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,037.9	−0.048%	$188K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,038.2	−0.012%	$25K	$389K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,039	+0.064%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,037.5	−0.087%	$74K	$564K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037.5	−0.086%	$128K	$442K	50x	as long as short
Aftermath Perps MUUSD	+0.0013%	1h	1,037.2	−0.115%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,037.6	−0.070%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.5	−0.085%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.2	−0.114%	$537K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,037.5	−0.082%	$7.0M	$18.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.251%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.3	−0.107%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.1	−0.028%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038	−0.036%	$176.3M	$88.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.8	−0.055%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,037.7	−0.069%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,036.8	−0.152%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,037.7	−0.067%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.3	−0.103%	$32K	$1K	10x	as long as short
Pacifica MUshort	+0.0100%	1h	1,037.4	−0.094%	$147K	$190K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,037.5	−0.089%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDTlong	+0.0100%	1h	1,038.4	long leg	$70K	$270K	50x
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.6	−0.074%	$825	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.226%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,037.7	−0.069%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,037.8	−0.055%	$531K	$270K	15x	as long as short