MU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.015%

Price spread now: Pacifica against Deribit+0.038%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.045%+$5 · spread now +0.038%, 7d avg −0.007%

Together, before fees+0.027%+ Points / potential airdropPacifica: Active · farm board+$3 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 0.045% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MU_USDC-PERPETUAL	1,051.2	0	get 0.0000% / 1h	13m 30s	$72K	$441K	10x
Short	Pacifica MU	1,051.6	0.0100	get 0.0013% / 1h	13m 30s	$148K	$185K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Deribit. 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 DeribitbpFee PacificabpOrdersPrice spread, now +0.038%Rate

Funding earned: $21
Price spread: +0.038% → −0.007%: $4.52
Slippage, 4 orders: −$29.6
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$19.08
Costs to cover: 0.446%
Break-even: 13.4 days

Slippage from Deribit: live order book, 45 min ago; Pacifica: live order book, 44 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 Deribit live order book, 45 min ago	1.90 bp	15.3 bp −$15	17.8 bp −$178	doesn't fit	doesn't fit
Sell Pacifica live order book, 44 min ago	2.19 bp	9.2 bp −$9	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	−0.0084%	4h	1,051.4	+0.023%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,052	+0.078%	$21.4M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,051.8	+0.058%	$31.2M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,051.9	+0.067%	$341K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.7	+0.049%	$62.3M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,051.7	+0.045%	$81K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.2	−0.002%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.7	+0.050%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUALlong	0.0000%	1h	1,051.2	long leg	$72K	$441K	10x
HTX MU-USDT	0.0000%	8h	1,051.3	+0.011%	$131K	$434K	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MU	+0.0003%	8h	1,051.8	+0.054%	$2.7M	$2.4M	—	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,051.8	+0.057%	$3K	$44K	10x	as long as short
Bybit MUUSDT	+0.0023%	8h	1,052.1	+0.084%	$19.1M	$32.3M	100x	as long as short
Lighter RH MU	+0.0032%	1h	1,051.5	+0.030%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,050.9	−0.030%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.015%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,051.5	+0.029%	$7.1M	$17.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.6	+0.037%	$71K	$234K	10x	as long as short
Binance MUUSDT	+0.0041%	8h	1,051.9	+0.067%	$126.6M	$516.6M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.8	+0.148%	—	$176K	25x	as long as short
Nado MU-PERP	+0.0048%	1h	1,051.1	−0.005%	$282K	$837K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.6	+0.038%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,051.5	+0.024%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.9	−0.026%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,051.7	+0.045%	$2K	—	5x	as long as short
Bullet MU-USD	+0.0052%	1h	1,051.9	+0.065%	$25K	$395K	10x	as long as short
Lighter MU	+0.0056%	1h	1,051.6	+0.037%	$1.1M	$5.1M	20x	as long as short
Bitget MUUSDT	+0.0073%	8h	1,052	+0.072%	$20.5M	$41.1M	50x	as long as short
tradeXYZ xyz:MU	+0.0074%	1h	1,051.5	+0.029%	$178.7M	$99.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.9	+0.161%	$759K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,051.2	+0.003%	$32K	$1K	10x	as long as short
Pacifica MUshort	+0.0100%	1h	1,051.6	+0.038%	$148K	$185K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,051.7	+0.044%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051	−0.017%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.9	+0.066%	$836	$799	20x	as long as short
BloFin MU-USDT	+0.0164%	8h	1,051.5	+0.031%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.5	+0.124%	$538K	$271K	15x	as long as short