Funding you earn now, next payment 05:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h +0.014%
Price spread now: Deribit against Pacifica−0.047%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$470.473% of the position
Funding, last 4 days (all we have)+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.047%, 7d avg +0.007%
=Together, before fees+0.007%+ Points / potential airdropPacifica: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.055% cheaper against Pacifica than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.007%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica MU | 1,048.2 | 0.0100 | pay 0.0013% / 1h | 45m 00s | $148K | $185K | 10x |
| Short | Deribit MU_USDC-PERPETUAL | 1,047.7 | 0.0046 | get 0.0006% / 1h | 45m 00s | $73K | $463K | 10x |
Pacifica MU
Deribit MU_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$11.35
- Price spread: −0.047% → +0.007%
- −$5.45
- Slippage, 4 orders
- −$32.27
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$64.07
- Costs to cover
- 0.473%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 8 min ago; Deribit: live order book, 9 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, 8 min ago | 3.76 bp | 7.8 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 9 min ago | 4.53 bp | 9.1 bp −$9 | 13.6 bp −$136 | 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 | −0.0933% | 4h | 1,048.6 | +0.037% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,048.6 | +0.034% | $21.3M | $55.8M | 20x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,048.4 | +0.015% | $19.0M | $32.0M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,048.3 | +0.007% | $31.2M | $99.7M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,048 | −0.023% | $338K | $354K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,048 | −0.021% | $62.3M | $27.6M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,048.2 | −0.002% | $20.5M | $41.3M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,048.6 | +0.033% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,048 | −0.024% | $82K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,048.5 | +0.022% | $190K | $3.4M | 20x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
GRVT MU_USDT_Perp
StandX MU-USDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MU-USDT | 0.0000% | 8h | 1,048.5 | +0.022% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,047.4 | −0.076% | $130K | $431K | 50x | as long as short |
| Binance MUUSDT | +0.0001% | 8h | 1,048.2 | −0.005% | $125.6M | $517.8M | 50x | as long as short |
| BloFin MU-USDT | +0.0003% | 8h | 1,048.3 | +0.002% | $1.5M | $2.0M | 20x | as long as short |
| Aftermath Perps MUUSD | +0.0024% | 1h | 1,048.2 | −0.001% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,047.6 | −0.056% | $7.1M | $17.8M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,048 | −0.020% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,048 | −0.023% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,047.6 | −0.060% | $553K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.299% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,048.3 | +0.008% | $71K | $233K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,048.9 | +0.065% | — | $176K | 25x | as long as short |
| Deribit MU_USDC-PERPETUALshort | +0.0046% | 1h | 1,047.7 | −0.047% | $73K | $463K | 10x | |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,047.7 | −0.050% | $177.7M | $97.4M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,047.3 | −0.088% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,048 | −0.020% | $688K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,047.4 | −0.077% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,047.5 | −0.065% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0054% | 1h | 1,048 | −0.017% | $282K | $830K | 10x | as long as short |
| Bullet MU-USD | +0.0060% | 1h | 1,048.1 | −0.012% | $26K | $394K | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,047.6 | −0.059% | $32K | $1K | 10x | as long as short |
| Pacifica MUlong | +0.0100% | 1h | 1,048.2 | long leg | $148K | $185K | 10x | |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,048.1 | −0.015% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,048.1 | −0.014% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,048 | −0.018% | $833 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,050 | +0.172% | $757K | $1.2M | 10x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,048.5 | +0.026% | $536K | $271K | 15x | as long as short |
SunX MU-USDT
HTX MU-USDT
Binance MUUSDT
BloFin MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Nado MU-PERP
Bullet MU-USD
Aevo MU-PERP
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
Phoenix MU