Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0094%/8h= −10.2% APRpaid last 24h 0.000%

Price spread now: Pacifica against Binance−0.010%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 2 days (all we have)−0.023%−$2 · spread now −0.010%, 7d avg −0.033%

Together, before fees−0.014%+ Points / potential airdropPacifica: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.023% dearer against Binance than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.033%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MUUSDT	1,049.9	0.0194	pay 0.0194% / 8h	6h 18m	$126.5M	$523.4M	50x
Short	Pacifica MU	1,049.8	0.0100	get 0.0013% / 1h	18m 31s	$149K	$187K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now −0.010%Rate

Funding earned: −$19.65
Price spread: −0.010% → −0.033%: $2.3
Slippage, 4 orders: −$9.98
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$45.33
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Pacifica: live order book, 49 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 Binance live order book, 10 min ago	0.05 bp	5.3 bp −$5	6.8 bp −$68	17.9 bp −$1,791	doesn't fit
Sell Pacifica live order book, 49 min ago	2.66 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit

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	−0.0297%	4h	1,050	+0.010%	$1.3M	$672K	10x	as long as short
Nado MU-PERP	−0.0007%	1h	1,049.5	−0.036%	$276K	$854K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.2	+0.026%	$19.2M	$32.6M	100x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.7	−0.023%	$62.0M	$27.7M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.4	−0.049%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,049.6	−0.033%	$25K	$395K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.9	+0.093%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.3	−0.062%	$66K	$339K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.4	−0.050%	$129K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,049.6	−0.033%	$3K	$45K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,049.9	−0.004%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.8	−0.009%	$1.1M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.3	−0.064%	$567K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,049.7	−0.025%	$7.4M	$19.5M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.6	−0.028%	$71K	$236K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.6	+0.068%	—	$177K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049.6	−0.030%	$178.1M	$99.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.6	−0.030%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.5	−0.045%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.8	−0.105%	$1.9M	$2.3M	10x	as long as short
OKX MU-USDT-SWAP	+0.0052%	8h	1,050	+0.008%	$30.8M	$100.5M	50x	as long as short
Paradex MU-USD-PERP	+0.0062%	8h	1,050	+0.008%	$2K	—	5x	as long as short
GRVT MU_USDT_Perp	+0.0085%	8h	1,050.7	+0.079%	$81K	$1.3M	10x	as long as short
Pacifica MUshort	+0.0100%	1h	1,049.8	−0.010%	$149K	$187K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,049.7	−0.022%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.9	−0.007%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.6	−0.028%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.137%	$19K	$5K	12x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,049.3	−0.062%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.3	+0.034%	$757K	$1.2M	10x	as long as short
Aster MUUSD1	+0.0156%	8h	1,049.9	−0.002%	$21.6M	$51.5M	20x	as long as short
Variational Omni MU	+0.0181%	8h	1,049.8	−0.016%	$2.7M	$2.4M	—	as long as short
Binance MUUSDTlong	+0.0194%	8h	1,049.9	long leg	$126.5M	$523.4M	50x
Bitget MUUSDT	+0.0235%	8h	1,049.9	+0.002%	$20.6M	$42.0M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,050.3	+0.036%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,050.1	+0.015%	$334K	$348K	20x	as long as short