Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0179%/8h= +19.6% APRpaid last 24h +0.018%
Price spread now: Nado against OKX−0.089%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$210.211% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.023%−$2 on $10k
Price spread, last 7 days+0.130%+$13 · spread now −0.089%, 7d avg −0.021%
Together, before fees+0.107%+ Points / potential airdropNado: Active · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.069% cheaper against OKX than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of −0.021%). If the spread goes back, that is −$7 on $10k: about 31 hours of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MU-USDT-SWAP1,043.70.0003pay 0.0003% / 8h1h 49m$30.7M$104.5M50x
ShortNado MU-PERP1,042.70.0181get 0.0023% / 1h49m 18s$301K$848K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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

Funding earned
$37.49
Price spread: −0.089% → −0.021%
−$6.87
Slippage, 4 orders
−$4.06
Fee OKX: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$9.57
Costs to cover
0.211%
Break-even
5.2 days
Slippage from OKX: live order book, 5 min ago; Nado: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago0.05 bp5.0 bp −$56.6 bp −$6619.4 bp −$1,945doesn't fit
Sell Nado live order book, 34 min ago0.05 bp4.2 bp −$419.4 bp −$194doesn't fitdoesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0180%4h1,043.70.000%$1.3M$673K10xas long as short
Gate MU_USDT0.0000%8h1,043.70.000%$62.9M$28.9M75xas long as short
StandX MU-USD0.0000%1h1,043−0.063%$189K$3.3M20xas long as short
SunX MU-USDT0.0000%8h1,045.7+0.195%$11K$6.6M10xas long as short
HTX MU-USDT0.0000%8h1,043.4−0.027%$125K$441K50xas long as short
OKX MU-USDT-SWAPlong+0.0003%8h1,043.7long leg$30.7M$104.5M50x
Aftermath Perps MUUSD+0.0028%1h1,043.3−0.033%$3K$44K10xas long as short
Aster MUUSD1+0.0030%8h1,044.1+0.042%$21.5M$47.0M20xas long as short
Lighter RH MU+0.0032%1h1,043.3−0.032%$1.1M$4.2M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,050.7+0.676%$14K$30212xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest MU-USD-PERP+0.0046%1h1,043.3−0.036%$193K25xas long as short
Polymarket Perps MU-USD+0.0050%1h1,043.4−0.024%$165K$180K10xas long as short
SoDEX MU-USD+0.0050%1h1,043.7+0.004%$685K$16K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,042.8−0.080%$2.0M$2.7M10xas long as short
QFEX MU-USD+0.0071%1h1,043.5−0.013%$7.8M$24.2M10xas long as short
Bitget MUUSDT+0.0078%8h1,043.7+0.007%$20.4M$43.0M50xas long as short
Pacifica MU+0.0100%1h1,043.2−0.048%$154K$182K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,042.9−0.072%$5.2M$3.9M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,043.6−0.003%$71K$266K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,043.6−0.003%$830$79920xas long as short
Variational Omni MU+0.0105%8h1,043.7+0.005%$2.6M$2.7Mas long as short
Aevo MU-PERP+0.0112%1h1,043.5−0.010%$33K10xas long as short
Paradex MU-USD-PERP+0.0115%8h1,043.6−0.004%$2K5xas long as short
Binance MUUSDT+0.0127%8h1,043.8+0.017%$125.0M$537.9M50xas long as short
Lighter MU+0.0176%1h1,043.4−0.021%$1.0M$4.8M20xas long as short
Nado MU-PERPshort+0.0181%1h1,042.7−0.089%$301K$848K10x
Coinbase International MU-PERP-INTX+0.0184%1h1,043.8+0.016%$756K$1.4M10xas long as short
GRVT MU_USDT_Perp+0.0192%8h1,043.7+0.009%$82K$1.4M10xas long as short
Bybit MUUSDT+0.0201%8h1,043.9+0.020%$19.1M$32.5M100xas long as short
Bullet MU-USD+0.0240%1h1,043.7+0.001%$25K$400K10xas long as short
BloFin MU-USDT+0.0247%8h1,044+0.033%$1.5M$2.1M20xas long as short
tradeXYZ xyz:MU+0.0336%1h1,043.6−0.005%$176.3M$107.0M10xas long as short
Phoenix MU+0.0383%1h1,044.3+0.062%$534K$306K15xas long as short
Arcus MU-USD+0.0435%1h1,043.4−0.024%$63K$230K10xas long as short
RISEx MU/USDC+0.0499%1h1,044.1+0.042%$285K$333K20xas long as short
Deribit MU_USDC-PERPETUAL+0.0546%1h1,043.5−0.015%$60K$240K10xas long as short
Extended MU_24_5-USD+0.0600%1h1,042.7−0.092%$540K$1.1M10xas long as short