Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.022%

Price spread now: Nado against Aster+0.023%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 7 days−0.115%−$12 · spread now +0.023%, 7d avg −0.024%

Together, before fees−0.118%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Nado is 0.047% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MUUSD1	1,039.2	0	get 0.0000% / 8h	2h 12m	$21.1M	$57.2M	20x
Short	Nado MU-PERP	1,039.4	0.0023	get 0.0003% / 1h	12m 24s	$277K	$817K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now +0.023%Rate

Funding earned: $4.88
Price spread: +0.023% → −0.024%: $4.73
Slippage, 4 orders: −$12.6
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$17.98
Costs to cover: 0.276%
Break-even: 32.8 days

Slippage from Aster: live order book, 2 min ago; Nado: live order book, 36 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 Aster live order book, 2 min ago	1.01 bp	8.8 bp −$9	9.4 bp −$94	doesn't fit	doesn't fit
Sell Nado live order book, 36 min ago	0.05 bp	4.4 bp −$4	18.4 bp −$184	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
Bitget MUUSDT	−0.0159%	8h	1,040	+0.081%	$20.3M	$41.2M	50x	as long as short
edgeX MUUSDC	−0.0146%	4h	1,036.6	−0.246%	$1.3M	$673K	10x	as long as short
Aster MUUSD1long	0.0000%	8h	1,039.2	long leg	$21.1M	$57.2M	20x
Binance MUUSDT	0.0000%	8h	1,039.8	+0.060%	$122.0M	$535.0M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,040.1	+0.085%	$18.6M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,039.9	+0.069%	$30.0M	$101.3M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,039.6	+0.040%	$316K	$382K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,039.6	+0.034%	$61.6M	$28.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.4	−0.269%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.3	−0.178%	$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	1,038.1	−0.103%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.6	+0.132%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.8	−0.034%	$74K	$527K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.8	−0.043%	$127K	$449K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,037.4	−0.174%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,039.6	+0.038%	$7.0M	$18.2M	10x	as long as short
Nado MU-PERPshort	+0.0023%	1h	1,039.4	+0.023%	$277K	$817K	10x
Lighter RH MU	+0.0032%	1h	1,039.6	+0.039%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,039.2	+0.005%	$538K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.171%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0037%	1h	1,039.9	+0.070%	$26K	$389K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.8	−0.131%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,039.6	+0.041%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,039.6	+0.039%	$176.8M	$91.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,039.6	+0.039%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.8	−0.041%	$682K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.1	−0.206%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,039.7	+0.046%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,039.6	+0.035%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,039.3	+0.011%	$147K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,039	−0.017%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.1	−0.199%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,039.2	+0.002%	$826	$799	20x	as long as short
Lighter MU	+0.0104%	1h	1,039.8	+0.056%	$1.0M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,039	−0.020%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.310%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,039	−0.018%	$531K	$270K	15x	as long as short