MU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0048%/8h= −5.2% APRnext payment −$0.06 per $10,000 · paid last 24h +0.004%

Price spread now: Deribit against Nado+0.011%7-day average −0.003% · 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−$37as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on Nado Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.025%+$2 on $10k

Price spread, last 4 days (all we have)−0.170%−$17 · spread now +0.011%, 7d avg −0.003%

Together, before fees−0.145%+ Points / potential airdropNado: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MU-PERP	1,052.1	0.0048	pay 0.0006% / 1h	7m 55s	$282K	$845K	10x
Short	Deribit MU_USDC-PERPETUAL	1,052.2	0	get 0.0000% / 1h	7m 55s	$68K	$387K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$10
Price spread: +0.011% → −0.003%: $1.39
Slippage, 4 orders: −$24.66
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$47.27
Costs to cover: 0.387%
Break-even: never at this rate

Slippage from Nado: live order book, 55 min ago; Deribit: live order book, 56 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, 55 min ago	0.05 bp	6.2 bp −$6	15.9 bp −$159	doesn't fit	doesn't fit
Sell Deribit live order book, 56 min ago	5.62 bp	16.1 bp −$16	20.0 bp −$200	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	−0.0620%	4h	1,051.9	−0.024%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.7	+0.054%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.3	+0.021%	$62.0M	$27.6M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.3	+0.016%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,052.1	−0.003%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.3	+0.206%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUALshort	0.0000%	1h	1,052.2	+0.011%	$68K	$387K	10x
HTX MU-USDT	0.0000%	8h	1,052.3	+0.019%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0006%	8h	1,052.7	+0.054%	$19.2M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	+0.0017%	8h	1,052.5	+0.039%	$31.1M	$100.0M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MUUSD	+0.0018%	1h	1,051.5	−0.062%	$3K	$45K	10x	as long as short
QFEX MU-USD	+0.0030%	1h	1,052.3	+0.014%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.5	+0.032%	$1.3M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.071%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.7	−0.039%	$71K	$235K	10x	as long as short
Aster MUUSD1	+0.0042%	8h	1,052.3	+0.023%	$21.4M	$54.6M	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.4	+0.126%	—	$175K	25x	as long as short
Nado MU-PERPlong	+0.0048%	1h	1,052.1	long leg	$282K	$845K	10x
Polymarket Perps MU-USD	+0.0050%	1h	1,052.2	+0.008%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.5	+0.032%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.4	−0.069%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,052.4	+0.027%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.5	+0.036%	$1.1M	$5.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0061%	1h	1,052.1	−0.001%	$178.5M	$98.9M	10x	as long as short
Bullet MU-USD	+0.0064%	1h	1,052.6	+0.042%	$25K	$398K	10x	as long as short
Extended MU_24_5-USD	+0.0072%	1h	1,051.7	−0.041%	$564K	$1.1M	10x	as long as short
Variational Omni MU	+0.0081%	8h	1,051.9	−0.020%	$2.7M	$2.4M	—	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,051.9	−0.016%	$758K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052	−0.012%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.1	−0.002%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.8	−0.027%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.4	+0.023%	$837	$799	20x	as long as short
Binance MUUSDT	+0.0107%	8h	1,052.4	+0.026%	$126.7M	$518.1M	50x	as long as short
Aevo MU-PERP	+0.0112%	1h	1,052.1	−0.004%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0129%	8h	1,052.4	+0.029%	$20.6M	$41.1M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,051.7	−0.039%	$538K	$271K	15x	as long as short
BloFin MU-USDT	+0.0230%	8h	1,052.1	+0.003%	$1.5M	$2.0M	20x	as long as short