MU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.01 per $10,000 · paid last 24h +0.032%

Price spread now: Nado against Lighter RH−0.032%7-day average +0.027% · 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−$20as in the Price arb table

costs, in and out, $10k−$140.137% of the position

Long on Lighter RH Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 7 days+0.025%+$3 · spread now −0.032%, 7d avg +0.027%

Together, before fees+0.034%+ Points / potential airdropLighter RH: Points live · Nado: Active · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.059% cheaper against Lighter RH than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH MU	1,052.1	0.0032	pay 0.0004% / 1h	38m 06s	$1.3M	$4.4M	10x
Short	Nado MU-PERP	1,051.7	0.0041	get 0.0005% / 1h	38m 06s	$282K	$843K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Lighter RH. 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 Lighter RHbpFee NadobpOrdersPrice spread, now −0.032%Rate

Funding earned: $1.9
Price spread: −0.032% → +0.027%: −$5.87
Slippage, 4 orders: −$6.73
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$17.7
Costs to cover: 0.137%
Break-even: 72.3 days

Slippage from Lighter RH: live order book, 5 min ago; Nado: live order book, 20 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 Lighter RH live order book, 5 min ago	1.71 bp	1.7 bp −$2	4.6 bp −$46	doesn't fit	doesn't fit
Sell Nado live order book, 20 min ago	0.19 bp	4.8 bp −$5	22.5 bp −$225	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	−0.0746%	4h	1,052.4	+0.030%	$1.3M	$671K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.1	+0.006%	$31.2M	$99.8M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.3	+0.022%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052	−0.002%	$62.3M	$27.4M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.6	+0.048%	$82K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.7	−0.033%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054	+0.180%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.3	+0.021%	$131K	$436K	50x	as long as short
Aster MUUSD1	+0.0005%	8h	1,052.1	0.000%	$21.4M	$55.0M	20x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,052.3	+0.019%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MUUSDT	+0.0020%	8h	1,052.5	+0.037%	$19.1M	$32.3M	100x	as long as short
Lighter RH MUlong	+0.0032%	1h	1,052.1	long leg	$1.3M	$4.4M	10x
Extended MU_24_5-USD	+0.0032%	1h	1,051.6	−0.047%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.067%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052	−0.006%	$7.2M	$18.0M	10x	as long as short
Bullet MU-USD	+0.0035%	1h	1,052.2	+0.013%	$25K	$398K	10x	as long as short
Variational Omni MU	+0.0036%	8h	1,052.5	+0.040%	$2.7M	$2.4M	—	as long as short
Lighter MU	+0.0040%	1h	1,052.1	0.000%	$1.1M	$5.1M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,052	−0.007%	$71K	$234K	10x	as long as short
Nado MU-PERPshort	+0.0041%	1h	1,051.7	−0.032%	$282K	$843K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,053.3	+0.118%	—	$176K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.9	−0.015%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.1	+0.004%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.6	−0.048%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,052.2	+0.014%	$2K	—	5x	as long as short
Binance MUUSDT	+0.0070%	8h	1,052.2	+0.012%	$126.8M	$517.1M	50x	as long as short
tradeXYZ xyz:MU	+0.0075%	1h	1,051.9	−0.015%	$178.8M	$99.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.1	+0.007%	$758K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,051.8	−0.027%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.6	−0.040%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.8	−0.022%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,053	+0.093%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.2	+0.009%	$836	$799	20x	as long as short
Bitget MUUSDT	+0.0118%	8h	1,052.2	+0.009%	$20.6M	$41.1M	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0121%	1h	1,052	−0.010%	$69K	$418K	10x	as long as short
BloFin MU-USDT	+0.0190%	8h	1,052.3	+0.018%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.6	+0.051%	$538K	$271K	15x	as long as short