MU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0289%/8h= −31.6% APRnext payment −$0.36 per $10,000 · paid last 24h −0.034%

Price spread now: Nado against RISEx−0.121%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on RISEx Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.105%+$11 · spread now −0.121%, 7d avg −0.014%

Together, before fees+0.093%+ Points / potential airdropNado: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Nado is 0.106% cheaper against RISEx than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.014%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.012% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 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	RISEx MU/USDC	1,044.5	0.0499	pay 0.0062% / 1h	23m 49s	$295K	$338K	20x
Short	Nado MU-PERP	1,043.2	0.0210	get 0.0026% / 1h	23m 49s	$266K	$868K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against RISEx. 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 RISExbpFee NadobpOrdersPrice spread, now −0.121%Rate

Funding earned: −$60.6
Price spread: −0.121% → −0.014%: −$10.65
Slippage, 4 orders: −$6.64
Fee RISEx: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$90.89
Costs to cover: 0.196%
Break-even: never at this rate

Slippage from RISEx: live order book, 59 min ago; Nado: live order book, 60 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 RISEx live order book, 59 min ago	1.34 bp	4.3 bp −$4	5.2 bp −$52	doesn't fit	doesn't fit
Sell Nado live order book, 60 min ago	0.05 bp	4.2 bp −$4	19.4 bp −$194	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	−0.0856%	4h	1,044.1	−0.041%	$1.3M	$671K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,044.1	−0.036%	$62.9M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,043.4	−0.102%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.6	+0.197%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,044	−0.053%	$125K	$441K	50x	as long as short
OKX MU-USDT-SWAP	+0.0030%	8h	1,044.2	−0.034%	$30.8M	$104.9M	50x	as long as short
Aftermath Perps MUUSD	+0.0031%	1h	1,044	−0.049%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.9	−0.058%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.594%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,043.8	−0.071%	—	$194K	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	1,044	−0.048%	$165K	$192K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,044.2	−0.033%	$685K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.4	−0.110%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0071%	1h	1,044	−0.052%	$7.8M	$24.2M	10x	as long as short
Aster MUUSD1	+0.0079%	8h	1,044.6	+0.010%	$21.5M	$47.4M	20x	as long as short
Bitget MUUSDT	+0.0099%	8h	1,044.1	−0.037%	$20.4M	$43.1M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,043.6	−0.088%	$154K	$181K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.5	−0.095%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,044	−0.046%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,044.4	−0.012%	$830	$799	20x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,044	−0.046%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0132%	8h	1,043.9	−0.056%	$2K	—	5x	as long as short
Variational Omni MU	+0.0135%	8h	1,044.2	−0.030%	$2.6M	$2.7M	—	as long as short
Binance MUUSDT	+0.0155%	8h	1,044.2	−0.027%	$124.9M	$536.0M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,043.9	−0.057%	$756K	$1.4M	10x	as long as short
Lighter MU	+0.0192%	1h	1,044	−0.045%	$1.0M	$4.8M	20x	as long as short
GRVT MU_USDT_Perp	+0.0210%	8h	1,044.6	+0.005%	$82K	$1.4M	10x	as long as short
Nado MU-PERPshort	+0.0210%	1h	1,043.2	−0.121%	$266K	$868K	10x
Bybit MUUSDT	+0.0238%	8h	1,044.4	−0.011%	$19.2M	$32.6M	100x	as long as short
Bullet MU-USD	+0.0267%	1h	1,044.3	−0.020%	$26K	$398K	10x	as long as short
BloFin MU-USDT	+0.0273%	8h	1,044.6	+0.011%	$1.4M	$2.0M	20x	as long as short
tradeXYZ xyz:MU	+0.0324%	1h	1,043.8	−0.067%	$176.3M	$106.7M	10x	as long as short
Phoenix MU	+0.0383%	1h	1,044.4	−0.010%	$534K	$306K	15x	as long as short
Arcus MU-USD	+0.0435%	1h	1,043.7	−0.080%	$73K	$241K	10x	as long as short
RISEx MU/USDClong	+0.0499%	1h	1,044.5	long leg	$295K	$338K	20x
Deribit MU_USDC-PERPETUAL	+0.0642%	1h	1,044.1	−0.041%	$61K	$247K	10x	as long as short
Extended MU_24_5-USD	+0.0664%	1h	1,043	−0.144%	$541K	$1.1M	10x	as long as short