Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0134%/8h= +14.7% APRpaid last 24h +0.017%

Price spread now: Nado against Orderly−0.066%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Nado

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 · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.066% cheaper against Orderly than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 40 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MU_USDC_mythos	1,043.4	0.0100	pay 0.0100% / 8h	1h 07m	$829	$799	20x
Short	Nado MU-PERP	1,042.7	0.0234	get 0.0029% / 1h	7m 18s	$273K	$872K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Orderly. 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 OrderlybpFee NadobpOrdersPrice spread, now −0.066%Rate

Funding earned: $28.1
Price spread: −0.066% → 0.000%: −$6.63
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $8.47
Costs to cover: 0.130%
Break-even: 4.9 days

Slippage unknown: Orderly: no order-book sample; Nado: live order book, 11 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Nado live order book, 11 min ago	0.05 bp	6.9 bp −$7	22.5 bp −$225	doesn't fit	doesn't fit

Orderly: 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	−0.0010%	4h	1,043.5	+0.010%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.3	−0.008%	$62.9M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,042.7	−0.062%	$188K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,045.6	+0.213%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.2	−0.012%	$125K	$442K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.3	−0.005%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.705%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0036%	1h	1,043.5	+0.014%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,043	−0.030%	—	$194K	25x	as long as short
OKX MU-USDT-SWAP	+0.0049%	8h	1,043.5	+0.015%	$30.9M	$104.9M	50x	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	1,043.2	−0.014%	$165K	$197K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,043.4	+0.001%	$685K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042.7	−0.067%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0071%	1h	1,043.2	−0.012%	$7.8M	$24.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,043.4	+0.008%	$154K	$181K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.2	−0.017%	$5.2M	$4.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.5	+0.012%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythoslong	+0.0100%	8h	1,043.4	long leg	$829	$799	20x
Aster MUUSD1	+0.0108%	8h	1,043.9	+0.057%	$21.5M	$47.4M	20x	as long as short
Bitget MUUSDT	+0.0114%	8h	1,043.3	−0.008%	$20.4M	$43.0M	50x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,043.3	−0.005%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0144%	8h	1,043.3	−0.003%	$2K	—	5x	as long as short
Variational Omni MU	+0.0150%	8h	1,043.5	+0.010%	$2.6M	$2.6M	—	as long as short
Binance MUUSDT	+0.0172%	8h	1,043.5	+0.017%	$124.6M	$535.2M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,043.2	−0.012%	$755K	$1.4M	10x	as long as short
Lighter MU	+0.0208%	1h	1,043.4	+0.001%	$1.0M	$4.8M	20x	as long as short
GRVT MU_USDT_Perp	+0.0224%	8h	1,043.8	+0.041%	$77K	$1.4M	10x	as long as short
Nado MU-PERPshort	+0.0234%	1h	1,042.7	−0.066%	$273K	$872K	10x
Bybit MUUSDT	+0.0260%	8h	1,043.7	+0.035%	$19.2M	$32.6M	100x	as long as short
Bullet MU-USD	+0.0282%	1h	1,043.4	+0.005%	$26K	$396K	10x	as long as short
BloFin MU-USDT	+0.0292%	8h	1,043.6	+0.019%	$1.4M	$2.0M	20x	as long as short
tradeXYZ xyz:MU	+0.0326%	1h	1,043.3	−0.005%	$176.2M	$106.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0354%	1h	1,043.3	−0.006%	$62K	$251K	10x	as long as short
Phoenix MU	+0.0383%	1h	1,044	+0.062%	$534K	$306K	15x	as long as short
Arcus MU-USD	+0.0435%	1h	1,043	−0.032%	$73K	$241K	10x	as long as short
RISEx MU/USDC	+0.0499%	1h	1,043.7	+0.036%	$295K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0704%	1h	1,042.4	−0.089%	$547K	$1.1M	10x	as long as short