MU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h +0.027%

Price spread now: Coinbase International against Pacifica−0.396%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Pacifica Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.195%+$19 on $10k

Price spread, last 4 days (all we have)+0.361%+$36 · spread now −0.396%, 7d avg −0.005%

Together, before fees+0.556%+ Points / potential airdropPacifica: Active · farm board+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.391% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.396% now, against its 7-day average of −0.005%). If the spread goes back, that is −$39 on $10k: about 30 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.195% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MU	1,040.1	0.0100	pay 0.0013% / 1h	1m 31s	$148K	$189K	10x
Short	Coinbase International MU-PERP-INTX	1,036	0.0144	get 0.0018% / 1h	1m 31s	$731K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.396%Rate

Funding earned: $9.24
Price spread: −0.396% → −0.005%: −$39.1
Slippage, 4 orders: −$21.41
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$69.27
Costs to cover: 0.394%
Break-even: 59.5 days

Slippage from Pacifica: live order book, 46 min ago; Coinbase International: live order book, 2 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, 46 min ago	2.98 bp	8.4 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	4.61 bp	10.6 bp −$11	13.9 bp −$139	60.3 bp −$6,033	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	−0.0585%	4h	1,040.3	+0.019%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0081%	8h	1,040.7	+0.063%	$20.3M	$41.2M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,040.7	+0.061%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,040.5	+0.037%	$122.1M	$536.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,040.7	+0.055%	$18.7M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,040.7	+0.056%	$30.0M	$101.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,040.6	+0.045%	$316K	$382K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,040.3	+0.018%	$61.6M	$28.6M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,041.3	+0.121%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,040.9	+0.083%	$84K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,040.7	+0.058%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042	+0.186%	$11K	$5.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,040	−0.012%	$128K	$442K	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0010%	1h	1,040.4	+0.026%	$74K	$537K	10x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,040.4	+0.032%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0022%	1h	1,040.3	+0.020%	$277K	$816K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,040.4	+0.026%	$7.0M	$18.3M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,040.4	+0.031%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,039.7	−0.036%	$544K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.084%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0039%	1h	1,040.8	+0.065%	$26K	$389K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,040.1	+0.003%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040.7	+0.063%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,040.4	+0.030%	$177.0M	$90.8M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040.4	+0.030%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.3	+0.018%	$683K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,040	−0.004%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,040.5	+0.041%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,040.1	+0.005%	$32K	$1K	10x	as long as short
Pacifica MUlong	+0.0100%	1h	1,040.1	long leg	$148K	$189K	10x
KuCoin MUUSDTM	+0.0100%	8h	1,040.2	+0.015%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,040.9	+0.081%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.6	+0.046%	$827	$799	20x	as long as short
Lighter MU	+0.0112%	1h	1,040.7	+0.054%	$1.1M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.9	+0.078%	$1.4M	$2.1M	20x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0144%	1h	1,036	−0.396%	$731K	$1.3M	10x
Phoenix MU	+0.0231%	1h	1,041.2	+0.107%	$533K	$270K	15x	as long as short