MU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.03 per $10,000 · paid last 24h −0.027%

Price spread now: QFEX against Nado+0.062%7-day average −0.021% · 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−$17as in the Price arb table

costs, in and out, $10k−$250.255% of the position

Long on Nado Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 7 days−0.098%−$10 · spread now +0.062%, 7d avg −0.021%

Together, before fees−0.104%+ Points / potential airdropNado: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.083% dearer against Nado than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.021%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 3 days (−0.006% in total) that is about 43 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MU-PERP	1,051.8	0.0079	pay 0.0010% / 1h	27m 09s	$276K	$858K	10x
Short	QFEX MU-USD	1,052.5	0.0054	get 0.0007% / 1h	27m 09s	$7.8M	$22.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$5.22
Price spread: +0.062% → −0.021%: $8.3
Slippage, 4 orders: −$8.46
Fee Nado: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$22.38
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from Nado: live order book, 46 min ago; QFEX: live order book, 7 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, 46 min ago	0.05 bp	7.9 bp −$8	18.2 bp −$182	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.53 bp	6.7 bp −$7	6.9 bp −$69	11.3 bp −$1,127	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	−0.0560%	4h	1,050.4	−0.129%	$1.3M	$671K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.3	+0.051%	$62.9M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,051.1	−0.063%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.3	+0.239%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.4	+0.053%	$130K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050	−0.174%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,052.7	+0.080%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.5	+0.064%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.042%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.2	+0.135%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,052.6	+0.075%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.8	−0.004%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USDshort	+0.0054%	1h	1,052.5	+0.062%	$7.8M	$22.4M	10x
Nado MU-PERPlong	+0.0079%	1h	1,051.8	long leg	$276K	$858K	10x
Paradex MU-USD-PERP	+0.0093%	8h	1,052.5	+0.066%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,052.6	+0.077%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.8	0.000%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052.1	+0.032%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.9	+0.099%	$837	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0102%	8h	1,052.6	+0.077%	$31.0M	$102.1M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,052.5	+0.061%	$32K	$1K	10x	as long as short
SoDEX MU-USD	+0.0160%	1h	1,052.6	+0.075%	$691K	$16K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	−0.328%	$759K	$1.2M	10x	as long as short
Variational Omni MU	+0.0211%	8h	1,049.7	−0.202%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0227%	8h	1,051.8	+0.003%	$21.6M	$48.4M	20x	as long as short
Bybit MUUSDT	+0.0228%	8h	1,052.9	+0.104%	$19.5M	$32.7M	100x	as long as short
Binance MUUSDT	+0.0230%	8h	1,052.6	+0.073%	$126.2M	$524.1M	50x	as long as short
Bullet MU-USD	+0.0231%	1h	1,052.8	+0.094%	$25K	$396K	10x	as long as short
Arcus MU-USD	+0.0240%	1h	1,050.7	−0.105%	$71K	$243K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0263%	1h	1,052.6	+0.071%	$64K	$304K	10x	as long as short
tradeXYZ xyz:MU	+0.0266%	1h	1,052.2	+0.037%	$178.7M	$101.3M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,052.6	+0.077%	$316K	$339K	20x	as long as short
BloFin MU-USDT	+0.0350%	8h	1,052.6	+0.079%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0353%	8h	1,052.8	+0.095%	$20.7M	$41.6M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.2	−0.153%	$537K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0408%	1h	1,051.9	+0.013%	$572K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0484%	8h	1,049.6	−0.213%	$83K	$1.3M	10x	as long as short