Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.018%
Price spread now: Nado against Coinbase International−0.325%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−$62as in the Price arb table
costs, in and out, $10k−$280.282% of the position
Funding, last 3 days (all we have)−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)+0.318%+$32 · spread now −0.325%, 7d avg +0.014%
=Together, before fees+0.228%+ Points / potential airdropNado: Active · farm board+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.339% cheaper against Coinbase International than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MU-PERP-INTX | 1,050 | 0.0120 | pay 0.0015% / 1h | 39m 32s | $757K | $1.2M | 10x |
| Short | Nado MU-PERP | 1,046.6 | 0.0053 | get 0.0007% / 1h | 39m 32s | $281K | $828K | 10x |
Coinbase International MU-PERP-INTX
Nado MU-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Coinbase International. 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
- −$13.97
- Price spread: −0.325% → +0.014%
- −$33.94
- Slippage, 4 orders
- −$11.23
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$76.14
- Costs to cover
- 0.282%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Nado: live order book, 14 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 Coinbase International live order book, 4 min ago | 3.77 bp | 8.8 bp −$9 | 13.3 bp −$133 | 62.2 bp −$6,219 | doesn't fit |
| Sell Nado live order book, 14 min ago | 0.05 bp | 5.2 bp −$5 | 17.1 bp −$171 | 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 | −0.0477% | 4h | 1,047.4 | −0.251% | $1.3M | $671K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,045.9 | −0.395% | $21.2M | $56.3M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,046.1 | −0.377% | $125.2M | $518.5M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,046.2 | −0.365% | $19.0M | $32.0M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,046.1 | −0.378% | $31.1M | $99.6M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,046.1 | −0.373% | $338K | $353K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,045.8 | −0.400% | $62.1M | $27.7M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,046.2 | −0.370% | $20.4M | $41.3M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,047.2 | −0.267% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,047.1 | −0.283% | $81K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,046.9 | −0.296% | $189K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,047.2 | −0.270% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,046.2 | −0.361% | $130K | $431K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0024% | 1h | 1,047.4 | −0.255% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,045.8 | −0.408% | $7.1M | $17.8M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,045.7 | −0.413% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,045.6 | −0.424% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,045.4 | −0.443% | $550K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.127% | $19K | $5K | 12x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0037% | 1h | 1,046 | −0.382% | $73K | $467K | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,046.9 | −0.296% | $71K | $233K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,047.6 | −0.233% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,045.4 | −0.441% | $177.2M | $96.3M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,046.5 | −0.336% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,046.4 | −0.344% | $687K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,045.1 | −0.466% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,046.2 | −0.364% | $2K | — | 5x | as long as short |
| Nado MU-PERPshort | +0.0053% | 1h | 1,046.6 | −0.325% | $281K | $828K | 10x | |
| Bullet MU-USD | +0.0064% | 1h | 1,046.9 | −0.298% | $26K | $395K | 10x | as long as short |
| BloFin MU-USDT | +0.0080% | 8h | 1,047.2 | −0.273% | $1.5M | $2.0M | 20x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,046.1 | −0.371% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,045.7 | −0.411% | $147K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,045.5 | −0.428% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,047.5 | −0.237% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,046.3 | −0.360% | $832 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTXlong | +0.0120% | 1h | 1,050 | long leg | $757K | $1.2M | 10x | |
| Phoenix MU | +0.0305% | 1h | 1,048.1 | −0.184% | $536K | $271K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Deribit MU_USDC-PERPETUAL
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Bullet MU-USD
BloFin MU-USDT
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Phoenix MU