Funding you earn now, next payment 10:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h +0.002%
Price spread now: Nado against Bullet−0.109%7-day average −0.032% · 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−$31as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Funding, last 4 days (all we have)−0.109%−$11 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.109%, 7d avg −0.032%
=Together, before fees−0.050%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.077% cheaper against Bullet than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.032%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet MU-USD | 1,040.5 | 0.0213 | pay 0.0027% / 1h | 59m 36s | $25K | $386K | 10x |
| Short | Nado MU-PERP | 1,039.4 | 0.0125 | get 0.0016% / 1h | 59m 36s | $277K | $842K | 10x |
Bullet MU-USD
Nado MU-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Bullet. 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
- −$18.5
- Price spread: −0.109% → −0.032%
- −$7.73
- Slippage, 4 orders
- −$8.08
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$49.3
- Costs to cover
- 0.231%
- Break-even
- never at this rate
Slippage from Bullet: live order book, 52 min ago; Nado: live order book, 51 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 Bullet live order book, 52 min ago | 0.48 bp | 6.2 bp −$6 | 20.3 bp −$203 | doesn't fit | doesn't fit |
| Sell Nado live order book, 51 min ago | 0.05 bp | 4.5 bp −$5 | 20.6 bp −$206 | 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 | −0.0723% | 4h | 1,039.3 | −0.111% | $1.3M | $695K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,040.5 | −0.001% | $21.3M | $73.2M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,039.8 | −0.069% | $121.4M | $555.1M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,039.5 | −0.100% | $29.6M | $107.8M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,040.1 | −0.039% | $61.2M | $27.8M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,039.5 | −0.096% | $19.9M | $43.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,039.6 | −0.090% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,039 | −0.148% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,042.3 | +0.177% | $11K | $5.1M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,040.3 | −0.017% | $120K | $474K | 50x | 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
HTX MU-USDTShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH MU | +0.0032% | 1h | 1,039.4 | −0.110% | $1.2M | $4.5M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0033% | 1h | 1,038.2 | −0.219% | $3K | $42K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.044% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,041.1 | +0.058% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,040.2 | −0.029% | $168K | $178K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,038.9 | −0.159% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0059% | 1h | 1,040.2 | −0.033% | $7.0M | $19.2M | 10x | as long as short |
| Bybit MUUSDT | +0.0073% | 8h | 1,039.7 | −0.079% | $18.8M | $32.6M | 100x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,040.2 | −0.026% | $32K | $1K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0081% | 8h | 1,039.7 | −0.073% | $2K | — | 5x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,039.7 | −0.081% | $151K | $227K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,039.8 | −0.067% | $5.2M | $5.8M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,038.5 | −0.195% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,040.4 | −0.007% | $827 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0118% | 1h | 1,039.5 | −0.094% | $299K | $350K | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,040 | −0.048% | $1.4M | $2.5M | 20x | as long as short |
| Nado MU-PERPshort | +0.0125% | 1h | 1,039.4 | −0.109% | $277K | $842K | 10x | |
| Arcus MU-USD | +0.0139% | 1h | 1,038.9 | −0.152% | $90K | $149K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0142% | 1h | 1,040.1 | −0.038% | $177.3M | $76.0M | 10x | as long as short |
| SoDEX MU-USD | +0.0146% | 1h | 1,040.3 | −0.016% | $683K | $13K | 10x | as long as short |
| Lighter MU | +0.0152% | 1h | 1,040.2 | −0.033% | $1.0M | $5.1M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,040.5 | +0.001% | $741K | $1.1M | 10x | as long as short |
| Bullet MU-USDlong | +0.0213% | 1h | 1,040.5 | long leg | $25K | $386K | 10x | |
| GRVT MU_USDT_Perp | +0.0240% | 8h | 1,040 | −0.047% | $81K | $1.4M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0308% | 1h | 1,040 | −0.045% | $38K | $714K | 10x | as long as short |
| Phoenix MU | +0.0310% | 1h | 1,039.4 | −0.106% | $532K | $269K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0352% | 1h | 1,038.8 | −0.161% | $553K | $1.1M | 10x | as long as short |
Lighter RH MU
Aftermath Perps MUUSD
Injective MU/USDC PERP
Vest MU-USD-PERP
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Bybit MUUSDT
Aevo MU-PERP
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
BloFin MU-USDT
Arcus MU-USD
tradeXYZ xyz:MU
SoDEX MU-USD
Lighter MU
Coinbase International MU-PERP-INTX
GRVT MU_USDT_Perp
Deribit MU_USDC-PERPETUAL
Phoenix MU
Extended MU_24_5-USD