Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0034%/8h= +3.8% APRpaid last 24h −0.016%

Price spread now: Paradex against Nado+0.040%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.040% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MU-PERP	1,048.2	0.0072	pay 0.0009% / 1h	52m 27s	$272K	$859K	10x
Short	Paradex MU-USD-PERP	1,048.6	0.0106	get 0.0106% / 8h	7h 52m	$2K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.040%Rate

Funding earned: $7.21
Price spread: +0.040% → 0.000%: $4
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $0.2
Costs to cover: 0.110%
Break-even: 6.8 days

Slippage unknown: Nado: live order book, 21 min ago; Paradex: no order-book sample. Net counts fees only.

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, 21 min ago	0.05 bp	7.9 bp −$8	18.2 bp −$182	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0946%	4h	1,047	−0.120%	$1.3M	$671K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,048.4	+0.015%	$63.2M	$28.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,047.4	−0.073%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.1	+0.177%	$11K	$6.3M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.3	+0.012%	$130K	$418K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,046.8	−0.137%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,048.5	+0.023%	$1.1M	$4.7M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,048.5	+0.024%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.239%	$14K	$251	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,049.2	+0.097%	—	$194K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.6	−0.057%	$2.0M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,048.5	+0.025%	$7.8M	$23.4M	10x	as long as short
Nado MU-PERPlong	+0.0072%	1h	1,048.2	long leg	$272K	$859K	10x
Deribit MU_USDC-PERPETUAL	+0.0074%	1h	1,048.5	+0.028%	$62K	$292K	10x	as long as short
OKX MU-USDT-SWAP	+0.0088%	8h	1,048.8	+0.059%	$30.9M	$101.5M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048	−0.017%	$153K	$180K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,048.1	−0.006%	$5.3M	$3.7M	20x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.1	−0.007%	$833	$799	20x	as long as short
Paradex MU-USD-PERPshort	+0.0106%	8h	1,048.6	+0.040%	$2K	—	5x
Aevo MU-PERP	+0.0128%	1h	1,048.1	−0.008%	$32K	$1K	10x	as long as short
Variational Omni MU	+0.0168%	8h	1,048.2	−0.005%	$2.7M	$2.5M	—	as long as short
Bitget MUUSDT	+0.0169%	8h	1,048.6	+0.041%	$20.6M	$41.4M	50x	as long as short
Aster MUUSD1	+0.0182%	8h	1,048.2	−0.001%	$21.6M	$47.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	+0.022%	$760K	$1.3M	10x	as long as short
Binance MUUSDT	+0.0188%	8h	1,048.7	+0.049%	$125.7M	$524.2M	50x	as long as short
GRVT MU_USDT_Perp	+0.0195%	8h	1,048	−0.023%	$82K	$1.4M	10x	as long as short
Arcus MU-USD	+0.0240%	1h	1,047.7	−0.053%	$71K	$243K	10x	as long as short
Bybit MUUSDT	+0.0256%	8h	1,048.8	+0.056%	$19.2M	$32.4M	100x	as long as short
BloFin MU-USDT	+0.0307%	8h	1,048.6	+0.036%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,048.7	+0.049%	$315K	$339K	20x	as long as short
SoDEX MU-USD	+0.0335%	1h	1,048.6	+0.037%	$688K	$16K	10x	as long as short
Phoenix MU	+0.0383%	1h	1,048.9	+0.066%	$536K	$306K	15x	as long as short
ApeX Omni MUUSDT	+0.0451%	1h	1,048.3	+0.012%	$71K	$267K	50x	as long as short
Polymarket Perps MU-USD	+0.0517%	1h	1,048.6	+0.037%	$170K	$202K	10x	as long as short
Extended MU_24_5-USD	+0.0600%	1h	1,048.2	−0.004%	$552K	$1.0M	10x	as long as short
Bullet MU-USD	+0.0759%	1h	1,048.9	+0.062%	$26K	$394K	10x	as long as short
tradeXYZ xyz:MU	+0.0825%	1h	1,048.7	+0.047%	$178.5M	$100.9M	10x	as long as short