Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.035%

Price spread now: BloFin against Pacifica+0.006%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.240%+$24 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.006%, 7d avg +0.041%

Together, before fees+0.147%+ Points / potential airdropPacifica: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.035% cheaper against Pacifica than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.041%). If the spread goes back, that is −$3 on $10k: about 44 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MU	1,051.5	0.0100	pay 0.0013% / 1h	13m 51s	$148K	$185K	10x
Short	BloFin MU-USDT	1,051.5	0.0164	get 0.0164% / 8h	4h 13m	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Pacifica. 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 PacificabpFee BloFinbpOrdersPrice spread, now +0.006%Rate

Funding earned: $13.4
Price spread: +0.006% → +0.041%: −$3.5
Slippage, 4 orders: −$7.84
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$17.93
Costs to cover: 0.278%
Break-even: 16.4 days

Slippage from Pacifica: live order book, 44 min ago; BloFin: live order book, 4 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, 44 min ago	2.19 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.05 bp	6.4 bp −$6	6.7 bp −$67	10.3 bp −$1,032	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	−0.0957%	4h	1,052.2	+0.067%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,051.8	+0.034%	$21.4M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,051.6	+0.010%	$31.2M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,051.7	+0.021%	$343K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.4	−0.005%	$62.3M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.3	+0.082%	$82K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.8	+0.029%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.7	+0.025%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,051.2	−0.026%	$72K	$441K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.3	−0.014%	$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	+0.029%	$2.7M	$2.4M	—	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,051.8	+0.032%	$3K	$45K	10x	as long as short
Bybit MUUSDT	+0.0023%	8h	1,051.9	+0.038%	$19.1M	$32.3M	100x	as long as short
Lighter RH MU	+0.0032%	1h	1,051.5	+0.004%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,050.8	−0.063%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.010%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,051.2	−0.026%	$7.1M	$17.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.7	+0.024%	$71K	$234K	10x	as long as short
Binance MUUSDT	+0.0042%	8h	1,051.6	+0.017%	$126.6M	$516.6M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.6	+0.105%	—	$176K	25x	as long as short
Nado MU-PERP	+0.0048%	1h	1,051.1	−0.031%	$282K	$837K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.4	−0.007%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,051.5	−0.002%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.5	−0.089%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,051.5	0.000%	$2K	—	5x	as long as short
Bullet MU-USD	+0.0051%	1h	1,051.7	+0.022%	$25K	$395K	10x	as long as short
Lighter MU	+0.0056%	1h	1,051.6	+0.011%	$1.1M	$5.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0074%	1h	1,051.2	−0.026%	$178.6M	$99.0M	10x	as long as short
Bitget MUUSDT	+0.0078%	8h	1,051.7	+0.026%	$20.5M	$41.1M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.9	+0.135%	$759K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,051.2	−0.023%	$32K	$1K	10x	as long as short
Pacifica MUlong	+0.0100%	1h	1,051.5	long leg	$148K	$185K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,051.3	−0.017%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	+0.054%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.3	−0.018%	$836	$799	20x	as long as short
BloFin MU-USDTshort	+0.0164%	8h	1,051.5	+0.006%	$1.5M	$2.0M	20x
Phoenix MU	+0.0304%	1h	1,052.5	+0.098%	$538K	$271K	15x	as long as short