Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against Gate−0.013%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.013%, 7d avg −0.006%

Together, before fees+0.126%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, 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	Gate MU_USDT	1,048.8	0	get 0.0000% / 8h	6h 41m	$62.2M	$27.5M	75x
Short	Pacifica MU	1,048.7	0.0100	get 0.0013% / 1h	41m 40s	$148K	$186K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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 GatebpFee PacificabpOrdersPrice spread, now −0.013%Rate

Funding earned: $21
Price spread: −0.013% → −0.006%: −$0.73
Slippage, 4 orders: −$17.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$19.75
Costs to cover: 0.400%
Break-even: 13.6 days

Slippage from Gate: live order book, 2 min ago; Pacifica: live order book, 26 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 Gate live order book, 2 min ago	0.52 bp	13.1 bp −$13	18.9 bp −$189	46.0 bp −$4,605	83.8 bp −$41.9K
Sell Pacifica live order book, 26 min ago	2.66 bp	9.0 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	−0.0702%	4h	1,049.5	+0.061%	$1.3M	$672K	10x	as long as short
Nado MU-PERP	−0.0001%	1h	1,048.5	−0.026%	$273K	$858K	10x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,048.8	long leg	$62.2M	$27.5M	75x
StandX MU-USD	0.0000%	1h	1,048.9	+0.004%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,048.9	+0.008%	$25K	$396K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,050	+0.113%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.5	−0.034%	$65K	$324K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.6	−0.017%	$129K	$429K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,049.1	+0.026%	$3K	$45K	10x	as long as short
Bybit MUUSDT	+0.0029%	8h	1,049.1	+0.028%	$19.2M	$32.6M	100x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,048.8	−0.006%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,048.8	−0.002%	$1.1M	$4.1M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,048.5	−0.028%	$559K	$1.2M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,048.6	−0.019%	$7.5M	$20.2M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049	+0.018%	$71K	$242K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,049.8	+0.090%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.5	−0.031%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,048.8	−0.003%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.2	−0.064%	$1.9M	$2.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0065%	1h	1,048.8	−0.002%	$178.2M	$100.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0070%	8h	1,048.9	+0.009%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0077%	8h	1,048.8	−0.002%	$30.8M	$100.6M	50x	as long as short
Pacifica MUshort	+0.0100%	1h	1,048.7	−0.013%	$148K	$186K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,048.8	−0.005%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.8	+0.093%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.8	0.000%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.242%	$19K	$5K	12x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.3	+0.138%	$761K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0144%	1h	1,048.5	−0.034%	$32K	$1K	10x	as long as short
Aster MUUSD1	+0.0219%	8h	1,049.1	+0.027%	$21.6M	$49.5M	20x	as long as short
Variational Omni MU	+0.0230%	8h	1,049.6	+0.074%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0232%	8h	1,048.9	+0.003%	$126.3M	$524.7M	50x	as long as short
GRVT MU_USDT_Perp	+0.0233%	8h	1,049.7	+0.088%	$81K	$1.3M	10x	as long as short
Phoenix MU	+0.0304%	1h	1,050	+0.113%	$537K	$273K	15x	as long as short
Bitget MUUSDT	+0.0312%	8h	1,049.1	+0.027%	$20.3M	$41.9M	50x	as long as short
BloFin MU-USDT	+0.0368%	8h	1,049.8	+0.094%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,049.3	+0.043%	$333K	$348K	20x	as long as short