Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.025%

Price spread now: BloFin against Nado−0.027%7-day average +0.030% · 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−$31as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.174%+$17 on $10k

Price spread, last 4 days (all we have)−0.174%−$17 · spread now −0.027%, 7d avg +0.030%

Together, before fees+0.001%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.057% cheaper against Nado than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.030%). If the spread goes back, that is −$6 on $10k: about 9.8 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.174% in total) that is about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MU-PERP	1,029.6	0.0101	pay 0.0013% / 1h	19m 15s	$263K	$815K	10x
Short	BloFin MU-USDT	1,029.3	0.0120	get 0.0120% / 8h	7h 19m	$1.5M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.027%Rate

Funding earned: $4.07
Price spread: −0.027% → +0.030%: −$5.73
Slippage, 4 orders: −$5.93
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$26.59
Costs to cover: 0.249%
Break-even: 52.7 days

Slippage from Nado: live order book, 14 min ago; BloFin: live order book, 4 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, 14 min ago	0.05 bp	5.7 bp −$6	24.6 bp −$246	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.05 bp	6.2 bp −$6	7.0 bp −$70	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	−0.0281%	4h	1,028.4	−0.118%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,030.5	+0.089%	$21.1M	$69.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,029.3	−0.030%	$121.7M	$549.0M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,029.2	−0.035%	$29.1M	$103.3M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,030.1	+0.053%	$293K	$386K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,029.4	−0.014%	$61.8M	$28.4M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,029.3	−0.025%	$19.7M	$41.1M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,029.6	+0.004%	$2.5M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,028.6	−0.101%	$186K	$3.6M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,030.5	+0.090%	$11K	$5.3M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,029.3	−0.029%	$118K	$494K	50x	as long as short
Bybit MUUSDT	+0.0009%	8h	1,029.6	−0.001%	$18.6M	$32.4M	100x	as long as short
QFEX MU-USD	+0.0027%	1h	1,030	+0.036%	$6.9M	$18.9M	10x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,027.3	−0.220%	$3K	$43K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,029	−0.055%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,028.2	−0.134%	$539K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.115%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,029.6	+0.005%	$89K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,029.6	−0.003%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,029.6	+0.001%	$167K	$177K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,028.8	−0.080%	$1.9M	$3.1M	10x	as long as short
SoDEX MU-USD	+0.0052%	1h	1,029.2	−0.040%	$675K	$15K	10x	as long as short
Paradex MU-USD-PERP	+0.0073%	8h	1,030.4	+0.083%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,029.3	−0.027%	$32K	$1K	10x	as long as short
Lighter MU	+0.0088%	1h	1,029.4	−0.020%	$991K	$5.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,029.4	−0.017%	$719K	$1.1M	10x	as long as short
tradeXYZ xyz:MU	+0.0100%	1h	1,029.1	−0.047%	$174.0M	$79.0M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,029.7	+0.014%	$146K	$194K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,028.7	−0.089%	$5.1M	$4.7M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,029	−0.057%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,029.6	−0.003%	$819	$799	20x	as long as short
Nado MU-PERPlong	+0.0101%	1h	1,029.6	long leg	$263K	$815K	10x
BloFin MU-USDTshort	+0.0120%	8h	1,029.3	−0.027%	$1.5M	$2.3M	20x
Bullet MU-USD	+0.0144%	1h	1,029.7	+0.007%	$25K	$388K	10x	as long as short
GRVT MU_USDT_Perp	+0.0198%	8h	1,029.3	−0.028%	$81K	$1.4M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,028.4	−0.115%	$526K	$270K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0246%	1h	1,029.1	−0.043%	$72K	$631K	10x	as long as short