Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.033%

Price spread now: Gate against Nado+0.042%7-day average +0.001% · 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−$31as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.027%−$3 on $10k

Price spread, last 7 days+0.100%+$10 · spread now +0.042%, 7d avg +0.001%

Together, before fees+0.073%+ Points / potential airdropNado: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.041% dearer against Nado than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of +0.001%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 4 days (−0.027% in total) that is about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MU-PERP	1,032.2	0.0116	pay 0.0014% / 1h	2m 10s	$264K	$811K	10x
Short	Gate MU_USDT	1,032.6	0	get 0.0000% / 8h	7h 02m	$61.6M	$28.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.042%Rate

Funding earned: −$24.3
Price spread: +0.042% → +0.001%: $4.06
Slippage, 4 orders: −$13.13
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$55.37
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from Nado: live order book, 31 min ago; Gate: 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, 31 min ago	0.05 bp	5.7 bp −$6	24.6 bp −$246	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.84 bp	13.2 bp −$13	18.4 bp −$184	35.9 bp −$3,590	65.7 bp −$32.9K

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	−0.0053%	4h	1,033.2	+0.096%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,033	+0.082%	$21.1M	$69.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,032.9	+0.068%	$121.5M	$550.6M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,032.8	+0.055%	$29.1M	$104.3M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,032.8	+0.056%	$294K	$375K	20x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,032.6	+0.042%	$61.6M	$28.8M	75x
Bitget MUUSDT	0.0000%	8h	1,032.7	+0.045%	$19.5M	$41.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,032.5	+0.029%	$2.5M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,032.1	−0.005%	$187K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,033.8	+0.157%	$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	1,032.6	+0.035%	$119K	$493K	50x	as long as short
QFEX MU-USD	+0.0027%	1h	1,032.9	+0.067%	$7.0M	$19.0M	10x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,032.1	−0.005%	$3K	$43K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,032.6	+0.037%	$1.1M	$4.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.857%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,032.4	+0.018%	$89K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,033.1	+0.087%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,032.3	+0.011%	$167K	$177K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,032.6	+0.041%	$1.9M	$3.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,032.2	−0.002%	$32K	$1K	10x	as long as short
Paradex MU-USD-PERP	+0.0088%	8h	1,032.9	+0.069%	$2K	—	5x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,030.9	−0.122%	$720K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,032.9	+0.069%	$146K	$214K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,032.1	−0.013%	$5.1M	$5.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,033.2	+0.094%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,032.7	+0.049%	$821	$799	20x	as long as short
Nado MU-PERPlong	+0.0116%	1h	1,032.2	long leg	$264K	$811K	10x
Bybit MUUSDT	+0.0117%	8h	1,032.9	+0.066%	$18.7M	$32.5M	100x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,033.1	+0.083%	$1.4M	$2.3M	20x	as long as short
SoDEX MU-USD	+0.0124%	1h	1,032.4	+0.024%	$678K	$15K	10x	as long as short
tradeXYZ xyz:MU	+0.0129%	1h	1,032.3	+0.011%	$174.7M	$78.3M	10x	as long as short
Lighter MU	+0.0136%	1h	1,032.8	+0.061%	$996K	$5.1M	20x	as long as short
Bullet MU-USD	+0.0180%	1h	1,032.7	+0.047%	$26K	$388K	10x	as long as short
Extended MU_24_5-USD	+0.0216%	1h	1,031.7	−0.046%	$542K	$1.1M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,033.2	+0.098%	$529K	$270K	15x	as long as short
GRVT MU_USDT_Perp	+0.0373%	8h	1,033.3	+0.109%	$81K	$1.4M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0399%	1h	1,032.5	+0.027%	$72K	$635K	10x	as long as short