Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0111%/8h= −12.1% APRpaid last 24h +0.009%

Price spread now: Pacifica against Binance−0.019%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 2 days (all we have)−0.023%−$2 · spread now −0.019%, 7d avg −0.031%

Together, before fees−0.017%+ Points / potential airdropPacifica: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MUUSDT	1,046.5	0.0211	pay 0.0211% / 8h	46m 03s	$124.9M	$533.2M	50x
Short	Pacifica MU	1,046.3	0.0100	get 0.0013% / 1h	46m 03s	$153K	$182K	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 −0.019%Rate

Funding earned: −$23.27
Price spread: −0.019% → −0.031%: $1.24
Slippage, 4 orders: −$12.3
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$52.34
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Pacifica: live order book, 32 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, 13 min ago	0.05 bp	5.0 bp −$5	6.2 bp −$62	17.7 bp −$1,768	doesn't fit
Sell Pacifica live order book, 32 min ago	3.55 bp	9.5 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	−0.0477%	4h	1,045.5	−0.102%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,046.3	−0.026%	$63.1M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.1	−0.137%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.5	+0.189%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.9	−0.059%	$124K	$446K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.2	−0.029%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.399%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0035%	1h	1,044.9	−0.156%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.1	−0.040%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,046	−0.051%	$166K	$197K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.6	−0.182%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0080%	8h	1,046.3	−0.021%	$30.8M	$105.2M	50x	as long as short
QFEX MU-USD	+0.0080%	1h	1,046.3	−0.019%	$7.8M	$23.9M	10x	as long as short
Pacifica MUshort	+0.0100%	1h	1,046.3	−0.019%	$153K	$182K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,045.5	−0.099%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.9	−0.063%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046.4	−0.014%	$832	$799	20x	as long as short
Bitget MUUSDT	+0.0136%	8h	1,046.4	−0.017%	$20.5M	$43.6M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,046.2	−0.033%	$33K	—	10x	as long as short
SoDEX MU-USD	+0.0143%	1h	1,046.4	−0.018%	$687K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0157%	8h	1,046.2	−0.031%	$2K	—	5x	as long as short
Aster MUUSD1	+0.0164%	8h	1,046.6	+0.003%	$21.6M	$47.3M	20x	as long as short
Variational Omni MU	+0.0189%	8h	1,045.5	−0.100%	$2.6M	$2.5M	—	as long as short
Lighter MU	+0.0200%	1h	1,046.2	−0.030%	$1.0M	$4.8M	20x	as long as short
Binance MUUSDTlong	+0.0211%	8h	1,046.5	long leg	$124.9M	$533.2M	50x
Coinbase International MU-PERP-INTX	+0.0224%	1h	1,045.7	−0.082%	$756K	$1.4M	10x	as long as short
GRVT MU_USDT_Perp	+0.0253%	8h	1,045.7	−0.076%	$77K	$1.4M	10x	as long as short
Bullet MU-USD	+0.0257%	1h	1,046.4	−0.013%	$25K	$396K	10x	as long as short
Nado MU-PERP	+0.0260%	1h	1,045.5	−0.095%	$270K	$875K	10x	as long as short
Bybit MUUSDT	+0.0285%	8h	1,046.6	+0.006%	$19.2M	$32.6M	100x	as long as short
tradeXYZ xyz:MU	+0.0312%	1h	1,046.2	−0.032%	$176.8M	$105.6M	10x	as long as short
BloFin MU-USDT	+0.0329%	8h	1,046.4	−0.018%	$1.4M	$2.0M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0362%	1h	1,046.1	−0.041%	$62K	$258K	10x	as long as short
Phoenix MU	+0.0460%	1h	1,045.9	−0.061%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.8	−0.067%	$74K	$240K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046.7	+0.015%	$317K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0720%	1h	1,045.3	−0.123%	$540K	$1.1M	10x	as long as short