Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.008%

Price spread now: Pacifica against Bitget+0.003%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Bitget Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.003%, 7d avg −0.036%

Together, before fees−0.115%+ Points / potential airdropPacifica: Active · farm board−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.039% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MUUSDT	1,053.1	0.0095	pay 0.0095% / 8h	4h 20m	$20.5M	$41.1M	50x
Short	Pacifica MU	1,053.1	0.0100	get 0.0013% / 1h	20m 23s	$148K	$185K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bitget. 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 BitgetbpFee PacificabpOrdersPrice spread, now +0.003%Rate

Funding earned: $1.05
Price spread: +0.003% → −0.036%: $3.9
Slippage, 4 orders: −$10.44
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$25.49
Costs to cover: 0.304%
Break-even: 176.9 days

Slippage from Bitget: live order book, 4 min ago; Pacifica: live order book, 37 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 Bitget live order book, 4 min ago	0.05 bp	7.1 bp −$7	10.2 bp −$102	doesn't fit	doesn't fit
Sell Pacifica live order book, 37 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	−0.0836%	4h	1,052.4	−0.066%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,053.1	+0.003%	$21.5M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,053	−0.010%	$31.2M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,053.3	+0.023%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.9	−0.022%	$62.3M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.9	−0.020%	$82K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,052.8	−0.033%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,053.1	−0.001%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,052.7	−0.036%	$70K	$433K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,053	−0.009%	$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	+0.0012%	8h	1,053	−0.007%	$2.7M	$2.4M	—	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,052.6	−0.052%	$3K	$44K	10x	as long as short
Bybit MUUSDT	+0.0026%	8h	1,053.2	+0.011%	$19.1M	$32.3M	100x	as long as short
Lighter RH MU	+0.0032%	1h	1,053.1	+0.001%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,052.5	−0.057%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.165%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,053	−0.007%	$7.2M	$17.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,052.6	−0.050%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,054.2	+0.102%	—	$176K	25x	as long as short
Bullet MU-USD	+0.0049%	1h	1,052.9	−0.018%	$25K	$396K	10x	as long as short
Nado MU-PERP	+0.0049%	1h	1,052.7	−0.041%	$282K	$837K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.7	−0.038%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,053	−0.014%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,052.4	−0.069%	$1.9M	$2.2M	10x	as long as short
Binance MUUSDT	+0.0051%	8h	1,052.9	−0.019%	$126.8M	$516.6M	50x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,053.2	+0.013%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,053.2	+0.005%	$1.1M	$5.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0075%	1h	1,052.6	−0.047%	$178.9M	$99.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.9	−0.020%	$759K	$1.2M	10x	as long as short
Bitget MUUSDTlong	+0.0095%	8h	1,053.1	long leg	$20.5M	$41.1M	50x
Aevo MU-PERP	+0.0096%	1h	1,052.5	−0.055%	$32K	$1K	10x	as long as short
Pacifica MUshort	+0.0100%	1h	1,053.1	+0.003%	$148K	$185K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,052.7	−0.035%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052.4	−0.066%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.8	−0.026%	$837	$799	20x	as long as short
BloFin MU-USDT	+0.0173%	8h	1,053.2	+0.008%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,053.3	+0.019%	$539K	$271K	15x	as long as short