Funding you earn now, next payment 08:00 UTC+0.0137%/8h= +15.0% APRnext payment +$0.17 per $10,000 · paid last 24h +0.050%
Price spread now: Phoenix against Nado+0.020%7-day average +0.033% · 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−$40as in the Price arb table
costs, in and out, $10k−$390.385% of the position
Funding, last 4 days (all we have)+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.020%, 7d avg +0.033%
=Together, before fees+0.078%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: +$4 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 | 1,024 | 0.0094 | pay 0.0012% / 1h | 27m 19s | $264K | $814K | 10x |
| Short | Phoenix MU | 1,024.2 | 0.0231 | get 0.0029% / 1h | 27m 19s | $524K | $270K | 15x |
Nado MU-PERP
Phoenix MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $28.8
- Price spread: +0.020% → +0.033%
- −$1.36
- Slippage, 4 orders
- −$24.52
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$11.08
- Costs to cover
- 0.385%
- Break-even
- 9.7 days
Slippage from Nado: live order book, 6 min ago; Phoenix: live order book, 5 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, 6 min ago | 0.05 bp | 5.7 bp −$6 | 24.6 bp −$246 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 5 min ago | 3.90 bp | 13.2 bp −$13 | 29.4 bp −$294 | 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 | −0.0522% | 4h | 1,025.4 | +0.138% | $1.3M | $696K | 10x | as long as short |
| Bitget MUUSDT | −0.0027% | 8h | 1,025.1 | +0.109% | $19.7M | $40.9M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,024.9 | +0.084% | $20.9M | $69.1M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,025.3 | +0.122% | $121.5M | $548.2M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,025.4 | +0.132% | $18.6M | $32.4M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,025.2 | +0.120% | $29.0M | $102.4M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,024.1 | +0.006% | $291K | $382K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,024.5 | +0.050% | $61.6M | $28.3M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,025.8 | +0.173% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,025.3 | +0.128% | $73K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,024 | +0.003% | $185K | $3.6M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,026.3 | +0.220% | $11K | $5.4M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,024.5 | +0.053% | $119K | $491K | 50x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,025 | +0.101% | $6.9M | $18.9M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0029% | 1h | 1,025.1 | +0.110% | $3K | $43K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,024.8 | +0.079% | $1.1M | $4.5M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,024.1 | +0.014% | $541K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +2.672% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,024.4 | +0.036% | $89K | $243K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,024.3 | +0.028% | — | $179K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,023.7 | −0.029% | $166K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,023.7 | −0.029% | $672K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,023.6 | −0.036% | $1.9M | $3.1M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0060% | 8h | 1,024.9 | +0.087% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0064% | 1h | 1,024.9 | +0.088% | $988K | $5.0M | 20x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,024.8 | +0.078% | $31K | $1K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0091% | 1h | 1,024.6 | +0.059% | $173.2M | $80.3M | 10x | as long as short |
| Nado MU-PERPlong | +0.0094% | 1h | 1,024 | long leg | $264K | $814K | 10x | |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,024.5 | +0.049% | $716K | $1.1M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,025 | +0.093% | $145K | $194K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,024.3 | +0.031% | $5.1M | $4.6M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,024.7 | +0.068% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,024.7 | +0.066% | $815 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,024.4 | +0.042% | $1.5M | $2.2M | 20x | as long as short |
| Bullet MU-USD | +0.0125% | 1h | 1,025.3 | +0.129% | $25K | $388K | 10x | as long as short |
| Phoenix MUshort | +0.0231% | 1h | 1,024.2 | +0.020% | $524K | $270K | 15x | |
| Deribit MU_USDC-PERPETUAL | +0.0472% | 1h | 1,025.2 | +0.114% | $72K | $629K | 10x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
QFEX MU-USD
Aftermath Perps MUUSD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Lighter MU
Aevo MU-PERP
tradeXYZ xyz:MU
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Bullet MU-USD
Deribit MU_USDC-PERPETUAL