Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.019%

Price spread now: Nado against Bitget−0.031%7-day average −0.037% · 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−$27as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 7 days−0.096%−$10 · spread now −0.031%, 7d avg −0.037%

Together, before fees−0.109%+ Points / potential airdropNado: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MUUSDT	1,048.6	0	get 0.0000% / 8h	3h 50m	$20.5M	$41.3M	50x
Short	Nado MU-PERP	1,048.3	0.0063	get 0.0008% / 1h	50m 10s	$281K	$832K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now −0.031%Rate

Funding earned: $13.22
Price spread: −0.031% → −0.037%: $0.53
Slippage, 4 orders: −$8.37
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$13.61
Costs to cover: 0.274%
Break-even: 14.2 days

Slippage from Bitget: live order book, 4 min ago; Nado: live order book, 3 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 Bitget live order book, 4 min ago	0.05 bp	9.0 bp −$9	12.8 bp −$128	doesn't fit	doesn't fit
Sell Nado live order book, 3 min ago	0.05 bp	5.2 bp −$5	17.1 bp −$171	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	−0.0827%	4h	1,049.7	+0.106%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,048.9	+0.026%	$21.3M	$55.5M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,048.5	−0.011%	$31.2M	$99.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,048.7	+0.007%	$339K	$351K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,048.4	−0.021%	$62.5M	$27.6M	75x	as long as short
Bitget MUUSDTlong	0.0000%	8h	1,048.6	long leg	$20.5M	$41.3M	50x
Variational Omni MU	0.0000%	8h	1,049.1	+0.042%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,049.9	+0.119%	$82K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,049.2	+0.055%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,049.1	+0.045%	$11K	$5.8M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.2	−0.043%	$73K	$460K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.4	−0.026%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0002%	8h	1,048.7	+0.005%	$19.0M	$31.9M	100x	as long as short
Binance MUUSDT	+0.0007%	8h	1,048.5	−0.014%	$125.8M	$516.8M	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,049.1	+0.046%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,048.4	−0.019%	$7.1M	$17.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,048.4	−0.024%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,048.5	−0.015%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,047.7	−0.083%	$563K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.261%	$19K	$5K	12x	as long as short
BloFin MU-USDT	+0.0034%	8h	1,049.6	+0.092%	$1.5M	$2.0M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.2	+0.055%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,049.6	+0.089%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,048.1	−0.050%	$177.8M	$97.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.3	−0.031%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,048.4	−0.017%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.7	−0.091%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,048.6	+0.002%	$2K	—	5x	as long as short
Nado MU-PERPshort	+0.0063%	1h	1,048.3	−0.031%	$281K	$832K	10x
Bullet MU-USD	+0.0069%	1h	1,048.7	+0.008%	$26K	$395K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,048.1	−0.046%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,048.4	−0.018%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,048.3	−0.034%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.1	+0.138%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.4	−0.025%	$833	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.134%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,050.1	+0.141%	$537K	$271K	15x	as long as short