Funding you earn now, next payment 11:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.002%
Price spread now: Nado against ApeX Omni+0.004%7-day average −0.022% · 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−$53as in the Price arb table
costs, in and out, $10k−$560.561% of the position
Funding, last 4 days (all we have)−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.004%, 7d avg −0.022%
=Together, before fees−0.129%+ Points / potential airdropNado: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Nado is 0.026% dearer against ApeX Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.022%. Mind the row above: over the last 4 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni MUUSDT | 1,038.8 | 0.0100 | pay 0.0013% / 1h | 43m 00s | $70K | $270K | 50x |
| Short | Nado MU-PERP | 1,038.8 | 0.0125 | get 0.0016% / 1h | 43m 00s | $276K | $841K | 10x |
ApeX Omni MUUSDT
Nado MU-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against ApeX Omni. 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
- $5.16
- Price spread: +0.004% → −0.022%
- $2.59
- Slippage, 4 orders
- −$39.07
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$48.32
- Costs to cover
- 0.561%
- Break-even
- 72.5 days
Slippage from ApeX Omni: live order book, 2 min ago; Nado: live order book, 3 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 ApeX Omni live order book, 2 min ago | 8.85 bp | 21.2 bp −$21 | 193.9 bp −$1,939 | doesn't fit | doesn't fit |
| Sell Nado live order book, 3 min ago | 0.05 bp | 7.3 bp −$7 | 25.7 bp −$257 | doesn't fit | doesn't fit |
MU on 37 exchanges
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 | −0.0853% | 4h | 1,038.8 | +0.008% | $1.3M | $696K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,039.7 | +0.090% | $21.2M | $73.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,039.7 | +0.087% | $121.7M | $555.4M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,039.6 | +0.076% | $29.7M | $107.6M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,039.5 | +0.067% | $61.4M | $28.0M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,039.5 | +0.074% | $19.8M | $43.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,039.1 | +0.029% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,038.7 | −0.008% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,041.3 | +0.246% | $11K | $5.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,038.8 | +0.002% | $34K | $726K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,039.5 | +0.069% | $119K | $473K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,039.3 | +0.053% | $1.2M | $4.5M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.213% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0035% | 1h | 1,039 | +0.026% | $3K | $41K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,040.2 | +0.138% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,039.2 | +0.042% | $169K | $171K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,039.1 | +0.032% | $683K | $14K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.4 | −0.131% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0058% | 1h | 1,039.1 | +0.033% | $7.0M | $19.3M | 10x | as long as short |
| Bybit MUUSDT | +0.0071% | 8h | 1,039.7 | +0.091% | $18.8M | $32.3M | 100x | as long as short |
| Paradex MU-USD-PERP | +0.0080% | 8h | 1,039.4 | +0.057% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,039 | +0.023% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,038.7 | −0.005% | $151K | $227K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,039.2 | +0.045% | $5.2M | $6.0M | 20x | as long as short |
| ApeX Omni MUUSDTlong | +0.0100% | 1h | 1,038.8 | long leg | $70K | $270K | 50x | |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,039.2 | +0.043% | $826 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0118% | 1h | 1,039.6 | +0.077% | $299K | $351K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,039.7 | +0.091% | $1.5M | $2.6M | 20x | as long as short |
| Nado MU-PERPshort | +0.0125% | 1h | 1,038.8 | +0.004% | $276K | $841K | 10x | |
| Arcus MU-USD | +0.0139% | 1h | 1,038.8 | 0.000% | $90K | $147K | 10x | as long as short |
| Lighter MU | +0.0168% | 1h | 1,039.4 | +0.060% | $1.0M | $5.0M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0192% | 1h | 1,038.5 | −0.028% | $727K | $1.2M | 10x | as long as short |
| Bullet MU-USD | +0.0210% | 1h | 1,039.6 | +0.079% | $24K | $384K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0221% | 8h | 1,040.4 | +0.161% | $73K | $1.4M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0240% | 1h | 1,039.2 | +0.042% | $177.2M | $75.7M | 10x | as long as short |
| Phoenix MU | +0.0308% | 1h | 1,040.4 | +0.158% | $532K | $159K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0336% | 1h | 1,038.6 | −0.019% | $551K | $1.1M | 10x | as long as short |
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Bybit MUUSDT
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
BloFin MU-USDT
Arcus MU-USD
Lighter MU
Coinbase International MU-PERP-INTX
Bullet MU-USD
GRVT MU_USDT_Perp
tradeXYZ xyz:MU
Phoenix MU
Extended MU_24_5-USD