Funding you earn now, next payment 09:00 UTC+0.0146%/8h= +16.0% APRnext payment +$0.18 per $10,000 · paid last 24h +0.008%
Price spread now: Deribit against Pacifica−0.057%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$440.436% of the position
Funding, last 4 days (all we have)+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)−0.147%−$15 · spread now −0.057%, 7d avg +0.006%
=Together, before fees−0.136%+ Points / potential airdropPacifica: Active · farm board−$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.063% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of +0.006%). If the spread goes back, that is −$6 on $10k: about 35 hours of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.012% in total) that is about 21 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MU | 1,029.7 | 0.0100 | pay 0.0013% / 1h | 18m 50s | $146K | $194K | 10x |
| Short | Deribit MU_USDC-PERPETUAL | 1,029.1 | 0.0246 | get 0.0031% / 1h | 18m 50s | $72K | $631K | 10x |
Pacifica MU
Deribit MU_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $30.62
- Price spread: −0.057% → +0.006%
- −$6.3
- Slippage, 4 orders
- −$28.61
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$19.29
- Costs to cover
- 0.436%
- Break-even
- 11.4 days
Slippage from Pacifica: live order book, 14 min ago; Deribit: live order book, 15 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 Pacifica live order book, 14 min ago | 3.95 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 15 min ago | 4.77 bp | 8.3 bp −$8 | 12.6 bp −$126 | 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 | −0.0281% | 4h | 1,028.4 | −0.131% | $1.3M | $695K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,030.5 | +0.075% | $21.1M | $69.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,029.5 | −0.022% | $121.7M | $549.1M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,029.7 | −0.007% | $29.1M | $103.4M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,030.1 | +0.039% | $293K | $386K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,029.1 | −0.061% | $61.7M | $28.4M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,029.5 | −0.025% | $19.8M | $41.1M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,029.6 | −0.010% | $2.5M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,028.6 | −0.115% | $186K | $3.6M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,030.5 | +0.076% | $11K | $5.3M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,029.3 | −0.043% | $118K | $494K | 50x | as long as short |
| Bybit MUUSDT | +0.0009% | 8h | 1,029.4 | −0.033% | $18.6M | $32.4M | 100x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,030 | +0.022% | $6.9M | $18.9M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0029% | 1h | 1,027.3 | −0.234% | $3K | $43K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,029 | −0.069% | $1.1M | $4.5M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,028.4 | −0.131% | $539K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +2.101% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,029.6 | −0.009% | $89K | $234K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,029.6 | −0.017% | — | $179K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,029.6 | −0.013% | $167K | $177K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,028.8 | −0.094% | $1.9M | $3.1M | 10x | as long as short |
| SoDEX MU-USD | +0.0052% | 1h | 1,029.2 | −0.053% | $675K | $15K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0073% | 8h | 1,030.4 | +0.069% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,029.3 | −0.040% | $32K | $1K | 10x | as long as short |
| Lighter MU | +0.0088% | 1h | 1,029.4 | −0.034% | $991K | $5.0M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,029.4 | −0.031% | $719K | $1.1M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0100% | 1h | 1,028.8 | −0.090% | $173.8M | $79.0M | 10x | as long as short |
| Pacifica MUlong | +0.0100% | 1h | 1,029.7 | long leg | $146K | $194K | 10x | |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,028.7 | −0.102% | $5.1M | $4.7M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,029 | −0.071% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,029.6 | −0.017% | $819 | $799 | 20x | as long as short |
| Nado MU-PERP | +0.0101% | 1h | 1,029.6 | −0.014% | $263K | $815K | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,029.3 | −0.041% | $1.5M | $2.3M | 20x | as long as short |
| Bullet MU-USD | +0.0144% | 1h | 1,029.7 | −0.007% | $25K | $388K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0198% | 8h | 1,029.3 | −0.042% | $81K | $1.4M | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,028.4 | −0.129% | $526K | $270K | 15x | as long as short |
| Deribit MU_USDC-PERPETUALshort | +0.0246% | 1h | 1,029.1 | −0.057% | $72K | $631K | 10x |
HTX MU-USDT
Bybit MUUSDT
QFEX MU-USD
Aftermath Perps MUUSD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
SoDEX MU-USD
Paradex MU-USD-PERP
Aevo MU-PERP
Lighter MU
Coinbase International MU-PERP-INTX
tradeXYZ xyz:MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Nado MU-PERP
BloFin MU-USDT
Bullet MU-USD
GRVT MU_USDT_Perp
Phoenix MU