Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0122%/8h= −13.3% APRpaid last 24h −0.035%

Price spread now: Pacifica against BloFin−0.018%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.240%−$24 on $10k

Price spread, last 4 days (all we have)+0.265%+$27 · spread now −0.018%, 7d avg −0.041%

Together, before fees+0.025%+ Points / potential airdropPacifica: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.023% dearer against BloFin than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.041%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MU-USDT	1,052.2	0.0222	pay 0.0222% / 8h	5h 03m	$1.5M	$2.0M	20x
Short	Pacifica MU	1,052	0.0100	get 0.0013% / 1h	3m 12s	$148K	$185K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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 BloFinbpFee PacificabpOrdersPrice spread, now −0.018%Rate

Funding earned: −$25.58
Price spread: −0.018% → −0.041%: $2.28
Slippage, 4 orders: −$9.94
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$53.23
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Pacifica: live order book, 60 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 BloFin live order book, 5 min ago	0.05 bp	6.8 bp −$7	8.6 bp −$86	14.5 bp −$1,453	doesn't fit
Sell Pacifica live order book, 60 min ago	2.76 bp	9.6 bp −$10	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	−0.0935%	4h	1,052.3	+0.007%	$1.3M	$672K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.3	+0.006%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052	−0.016%	$62.1M	$27.6M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.5	+0.029%	$78K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.9	−0.031%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,053.8	+0.153%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,051.8	−0.034%	$69K	$392K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.9	−0.030%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0007%	8h	1,052.3	+0.013%	$19.2M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	+0.0013%	8h	1,052.2	+0.005%	$31.1M	$99.9M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MUUSD	+0.0018%	1h	1,052	−0.020%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0030%	1h	1,051.8	−0.037%	$7.2M	$18.0M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.2	−0.002%	$1.3M	$4.5M	10x	as long as short
Aster MUUSD1	+0.0033%	8h	1,052.3	+0.007%	$21.4M	$55.0M	20x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.079%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.8	−0.040%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.3	+0.109%	—	$175K	25x	as long as short
Nado MU-PERP	+0.0047%	1h	1,051.8	−0.036%	$282K	$844K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.9	−0.028%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.1	−0.008%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.5	−0.064%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,052.2	+0.002%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.2	+0.005%	$1.1M	$5.1M	20x	as long as short
Extended MU_24_5-USD	+0.0056%	1h	1,051.6	−0.055%	$564K	$1.1M	10x	as long as short
tradeXYZ xyz:MU	+0.0061%	1h	1,052	−0.018%	$178.5M	$98.9M	10x	as long as short
Bullet MU-USD	+0.0062%	1h	1,052.2	+0.004%	$26K	$398K	10x	as long as short
Variational Omni MU	+0.0071%	8h	1,052.2	0.000%	$2.7M	$2.4M	—	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,051.9	−0.024%	$758K	$1.2M	10x	as long as short
Pacifica MUshort	+0.0100%	1h	1,052	−0.018%	$148K	$185K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,052	−0.018%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	−0.023%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.2	+0.001%	$836	$799	20x	as long as short
Binance MUUSDT	+0.0102%	8h	1,052.2	−0.002%	$126.7M	$517.6M	50x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,051.8	−0.036%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0137%	8h	1,052	−0.016%	$20.6M	$41.0M	50x	as long as short
BloFin MU-USDTlong	+0.0222%	8h	1,052.2	long leg	$1.5M	$2.0M	20x
Phoenix MU	+0.0229%	1h	1,052.5	+0.029%	$538K	$271K	15x	as long as short