Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.019%

Price spread now: Bitget against Nado+0.061%7-day average +0.035% · 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−$25as in the Price arb table

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

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 7 days+0.014%+$1 · spread now +0.061%, 7d avg +0.035%

Together, before fees+0.028%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.026% dearer against Nado than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of +0.035%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MU-PERP	1,048.8	0.0065	pay 0.0008% / 1h	51m 33s	$281K	$832K	10x
Short	Bitget MUUSDT	1,049.4	0	get 0.0000% / 8h	3h 51m	$20.5M	$41.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Nado. 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 NadobpFee BitgetbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$13.64
Price spread: +0.061% → +0.035%: $2.59
Slippage, 4 orders: −$8.37
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$38.42
Costs to cover: 0.274%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; Bitget: live order book, 2 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 Nado live order book, 2 min ago	0.05 bp	5.4 bp −$5	17.8 bp −$178	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.05 bp	7.7 bp −$8	9.5 bp −$95	16.5 bp −$1,655	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	+0.092%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,049.5	+0.073%	$21.4M	$55.3M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,049.3	+0.046%	$31.2M	$99.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,049.4	+0.056%	$339K	$351K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.1	+0.032%	$62.6M	$27.6M	75x	as long as short
Bitget MUUSDTshort	0.0000%	8h	1,049.4	+0.061%	$20.5M	$41.3M	50x
Variational Omni MU	0.0000%	8h	1,049.7	+0.092%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,049.9	+0.105%	$82K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,049.2	+0.042%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,049.9	+0.106%	$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	1,049	+0.020%	$73K	$459K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.1	+0.033%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0005%	8h	1,049.4	+0.063%	$19.0M	$31.9M	100x	as long as short
Binance MUUSDT	+0.0008%	8h	1,049.2	+0.042%	$125.9M	$516.7M	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,049.5	+0.070%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,049	+0.026%	$7.1M	$17.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,049.1	+0.032%	$1.1M	$5.0M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.1	+0.032%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,048.5	−0.028%	$563K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.248%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.5	+0.067%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050	+0.120%	—	$176K	25x	as long as short
BloFin MU-USDT	+0.0046%	8h	1,049.8	+0.102%	$1.5M	$2.0M	20x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,048.8	+0.003%	$178.0M	$97.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.2	+0.042%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.1	+0.029%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.6	−0.017%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,049.2	+0.043%	$2K	—	5x	as long as short
Nado MU-PERPlong	+0.0065%	1h	1,048.8	long leg	$281K	$832K	10x
Bullet MU-USD	+0.0077%	1h	1,049.5	+0.070%	$25K	$395K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,049	+0.019%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,049.2	+0.042%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049	+0.018%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.1	+0.125%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.1	+0.035%	$834	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.121%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,050.1	+0.127%	$537K	$271K	15x	as long as short