Funding you earn now, next payment 00:00 UTC−0.0185%/8h= −20.3% APRnext payment −$0.23 per $10,000 · paid last 24h −0.018%
Price spread now: SoDEX against Nado+0.059%7-day average 0.000% · 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−$34as in the Price arb table
costs, in and out, $10k−$400.402% of the position
Funding, last 3 days (all we have)+0.039%+$4 on $10k
+Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.059%, 7d avg 0.000%
=Together, before fees−0.006%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SoDEX is 0.059% dearer against Nado than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of 0.000%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 25 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.039% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MU-PERP | 1,045.4 | 0.0235 | pay 0.0029% / 1h | 40m 14s | $270K | $877K | 10x |
| Short | SoDEX MU-USD | 1,046.1 | 0.0050 | get 0.0006% / 1h | 40m 14s | $687K | $16K | 10x |
Nado MU-PERP
SoDEX MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$38.95
- Price spread: +0.059% → 0.000%
- $5.91
- Slippage, 4 orders
- −$25.19
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$73.24
- Costs to cover
- 0.402%
- Break-even
- never at this rate
Slippage from Nado: live order book, 38 min ago; SoDEX: live order book, 38 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, 38 min ago | 0.05 bp | 9.7 bp −$10 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 38 min ago | 0.05 bp | 11.9 bp −$12 | 40.0 bp −$400 | 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 | −0.0060% | 4h | 1,046.2 | +0.073% | $1.3M | $674K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,046.2 | +0.070% | $63.1M | $29.0M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,045.4 | −0.001% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,048.5 | +0.289% | $11K | $6.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,045.8 | +0.033% | $124K | $445K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,045.9 | +0.049% | $1.2M | $4.2M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.505% | $14K | $302 | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0035% | 1h | 1,045.7 | +0.024% | $3K | $45K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,046.2 | +0.071% | — | $194K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,045.8 | +0.035% | $166K | $197K | 10x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
Vest MU-USD-PERP
Polymarket Perps MU-USDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX MU-USDshort | +0.0050% | 1h | 1,046.1 | +0.059% | $687K | $16K | 10x | |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,045.4 | −0.003% | $2.0M | $2.7M | 10x | as long as short |
| QFEX MU-USD | +0.0080% | 1h | 1,045.9 | +0.048% | $7.9M | $23.9M | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0083% | 8h | 1,046.1 | +0.066% | $30.8M | $105.3M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,045.9 | +0.040% | $153K | $182K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,045.5 | +0.008% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,046.3 | +0.085% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,046.1 | +0.066% | $832 | $799 | 20x | as long as short |
| Bitget MUUSDT | +0.0136% | 8h | 1,046.2 | +0.071% | $20.5M | $43.6M | 50x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,046.1 | +0.064% | $33K | — | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0147% | 8h | 1,046.1 | +0.065% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0160% | 1h | 1,045.9 | +0.046% | $1.0M | $4.8M | 20x | as long as short |
| Aster MUUSD1 | +0.0173% | 8h | 1,046.6 | +0.111% | $21.6M | $47.3M | 20x | as long as short |
| Variational Omni MU | +0.0202% | 8h | 1,046.1 | +0.061% | $2.6M | $2.5M | — | as long as short |
| Binance MUUSDT | +0.0213% | 8h | 1,046.2 | +0.071% | $125.0M | $533.4M | 50x | as long as short |
| Bullet MU-USD | +0.0217% | 1h | 1,046.1 | +0.064% | $24K | $395K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0224% | 1h | 1,045.5 | +0.008% | $757K | $1.4M | 10x | as long as short |
| Nado MU-PERPlong | +0.0235% | 1h | 1,045.4 | long leg | $270K | $877K | 10x | |
| GRVT MU_USDT_Perp | +0.0256% | 8h | 1,046.3 | +0.086% | $82K | $1.4M | 10x | as long as short |
| Bybit MUUSDT | +0.0286% | 8h | 1,046.5 | +0.097% | $19.2M | $32.6M | 100x | as long as short |
| tradeXYZ xyz:MU | +0.0288% | 1h | 1,046.1 | +0.064% | $176.8M | $105.8M | 10x | as long as short |
| BloFin MU-USDT | +0.0333% | 8h | 1,046.1 | +0.068% | $1.5M | $2.0M | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0372% | 1h | 1,046.1 | +0.059% | $62K | $261K | 10x | as long as short |
| Phoenix MU | +0.0460% | 1h | 1,046.6 | +0.112% | $535K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0462% | 1h | 1,045.8 | +0.035% | $74K | $240K | 10x | as long as short |
| RISEx MU/USDC | +0.0525% | 1h | 1,046.7 | +0.119% | $317K | $339K | 20x | as long as short |
| Extended MU_24_5-USD | +0.0672% | 1h | 1,045.3 | −0.016% | $540K | $1.1M | 10x | as long as short |
Ondo Perps MU-USD.P
QFEX MU-USD
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Bitget MUUSDT
Aevo MU-PERP
Paradex MU-USD-PERP
Lighter MU
Aster MUUSD1
Variational Omni MU
Binance MUUSDT
Bullet MU-USD
Coinbase International MU-PERP-INTX
GRVT MU_USDT_Perp
Bybit MUUSDT
tradeXYZ xyz:MU
BloFin MU-USDT
Deribit MU_USDC-PERPETUAL
Phoenix MU
Arcus MU-USD
RISEx MU/USDC
Extended MU_24_5-USD