Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 19:00 UTC+0.0012%/8hnext payment +$0.01 per $10,000 · paid last 24h −0.034%
Price spread now: Nado against Coinbase International−0.090%45s7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$290.293% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.087%−$9 on $10k
Price spread, last 3 days (all we have)+0.086%+$9 · spread now −0.090%, 7d avg +0.024%
Together, before fees0.000%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.113% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of +0.024%). If the spread goes back, that is −$11 on $10k: about 33 days of funding at the current rate ($0 a day). Mind the row above: over the last 3 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MU-PERP-INTX1,046.60.0120pay 0.0015% / 1h5m 25s$760K$1.8M10x
ShortNado MU-PERP1,045.70.0132get 0.0016% / 1h5m 25s$334K$808K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Coinbase International. 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

Funding earned
$2.42
Price spread: −0.090% → +0.024%
−$11.34
Slippage, 4 orders
−$12.29
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$38.21
Costs to cover
0.293%
Break-even
117.6 days
Slippage from Coinbase International: live order book, 3 min ago; Nado: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 3 min ago3.59 bp8.6 bp −$913.1 bp −$13142.4 bp −$4,245doesn't fit
Sell Nado live order book, 27 min ago0.05 bp8.0 bp −$817.9 bp −$179doesn't fitdoesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0407%4h1,047.8+0.114%$1.3M$673K10xas long as short
Aster MUUSD10.0000%8h1,046−0.056%$21.5M$27.6M20xas long as short
Binance MUUSDT0.0000%8h1,046−0.063%$125.5M$525.7M50xas long as short
OKX MU-USDT-SWAP0.0000%8h1,045.8−0.076%$31.0M$102.3M50xas long as short
RISEx MU/USDC0.0000%1h1,046.1−0.051%$288K$334K20xas long as short
Gate MU_USDT0.0000%8h1,046−0.060%$63.6M$28.3M75xas long as short
Variational Omni MU0.0000%8h1,046.4−0.024%$2.7M$2.7Mas long as short
StandX MU-USD0.0000%1h1,045.7−0.091%$189K$3.2M20xas long as short
SunX MU-USDT0.0000%8h1,047.6+0.094%$11K$6.7M10xas long as short
HTX MU-USDT0.0000%8h1,045.3−0.121%$125K$441K50xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT MU_USDT_Perp+0.0010%8h1,046.7+0.008%$82K$1.3M10xas long as short
Bybit MUUSDT+0.0015%8h1,046−0.056%$19.0M$31.5M100xas long as short
Bitget MUUSDT+0.0024%8h1,045.8−0.079%$20.2M$41.7M50xas long as short
Lighter RH MU+0.0032%1h1,045.5−0.105%$1.1M$4.3M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,050.7+0.392%$14K$30212xas long as short
Arcus MU-USD+0.0041%1h1,046−0.058%$63K$236K10xas long as short
QFEX MU-USD+0.0045%1h1,045.9−0.069%$7.9M$23.7M10xas long as short
Vest MU-USD-PERP+0.0046%1h1,046.1−0.050%$190K25xas long as short
Polymarket Perps MU-USD+0.0050%1h1,045.8−0.077%$166K$177K10xas long as short
SoDEX MU-USD+0.0050%1h1,045.7−0.083%$686K$16K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,045.3−0.129%$1.9M$2.6M10xas long as short
Paradex MU-USD-PERP+0.0057%8h1,045.9−0.064%$2K5xas long as short
Lighter MU+0.0080%1h1,045.9−0.072%$1.0M$4.7M20xas long as short
Aevo MU-PERP+0.0080%1h1,045.5−0.105%$33K10xas long as short
Bullet MU-USD+0.0083%1h1,045.9−0.066%$25K$397K10xas long as short
Pacifica MU+0.0100%1h1,045.7−0.089%$154K$181K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,045.7−0.088%$5.2M$3.9M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,046.3−0.032%$71K$267K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,045.8−0.076%$831$79920xas long as short
tradeXYZ xyz:MU+0.0101%1h1,045.6−0.097%$178.3M$99.0M10xas long as short
Coinbase International MU-PERP-INTXlong+0.0120%1h1,046.6long leg$760K$1.8M10x
BloFin MU-USDT+0.0120%8h1,046.9+0.023%$1.5M$2.0M20xas long as short
Extended MU_24_5-USD+0.0128%1h1,045.1−0.142%$526K$1.0M10xas long as short
Nado MU-PERPshort+0.0132%1h1,045.7−0.090%$334K$808K10x
Aftermath Perps MUUSD+0.0170%1h1,046.7+0.004%$3K$44K10xas long as short
Deribit MU_USDC-PERPETUAL+0.0257%1h1,045.8−0.081%$54K$154K10xas long as short
Phoenix MU+0.0305%1h1,046.7+0.009%$535K$219K15xas long as short