Funding you earn now, next payment 04:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.012%
Price spread now: Nado against Lighter−0.020%7-day average +0.006% · 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−$14as in the Price arb table
costs, in and out, $10k−$120.117% of the position
Funding, last 3 days (all we have)−0.015%−$1 on $10k
+Price spread, last 7 days−0.021%−$2 · spread now −0.020%, 7d avg +0.006%
=Together, before fees−0.036%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Nado is 0.026% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,052.1 | 0.0056 | pay 0.0007% / 1h | 11m 19s | $1.1M | $5.1M | 20x |
| Short | Nado MU-PERP | 1,051.8 | 0.0046 | get 0.0006% / 1h | 11m 19s | $282K | $836K | 10x |
Lighter MU
Nado MU-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Lighter. 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
- −$2.14
- Price spread: −0.020% → +0.006%
- −$2.57
- Slippage, 4 orders
- −$4.67
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$16.37
- Costs to cover
- 0.117%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Nado: live order book, 47 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 Lighter live order book, 7 min ago | 0.47 bp | 1.1 bp −$1 | 1.4 bp −$14 | 17.2 bp −$1,718 | doesn't fit |
| Sell Nado live order book, 47 min ago | 0.19 bp | 4.8 bp −$5 | 22.5 bp −$225 | 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 | −0.0084% | 4h | 1,051.4 | −0.059% | $1.3M | $673K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,052.5 | +0.040% | $21.4M | $55.0M | 20x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,052.1 | +0.005% | $31.2M | $99.6M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,052.3 | +0.019% | $340K | $354K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,052 | −0.004% | $62.3M | $27.5M | 75x | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,051.7 | −0.036% | $81K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,051.7 | −0.036% | $190K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,052.5 | +0.046% | $11K | $5.8M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,051.9 | −0.017% | $72K | $444K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,052.1 | +0.004% | $131K | $434K | 50x | as long as short |
edgeX MUUSDC
Aster MUUSD1
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MU | +0.0003% | 8h | 1,051.8 | −0.027% | $2.7M | $2.4M | — | as long as short |
| Bybit MUUSDT | +0.0019% | 8h | 1,052.4 | +0.034% | $19.1M | $32.3M | 100x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,051.9 | −0.018% | $3K | $45K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,052.1 | +0.001% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,051.6 | −0.042% | $566K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.067% | $19K | $5K | 12x | as long as short |
| QFEX MU-USD | +0.0034% | 1h | 1,052.1 | −0.001% | $7.1M | $17.8M | 10x | as long as short |
| Binance MUUSDT | +0.0038% | 8h | 1,052.2 | +0.010% | $126.6M | $516.4M | 50x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,051.6 | −0.041% | $71K | $234K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,053.3 | +0.116% | — | $176K | 25x | as long as short |
| Nado MU-PERPshort | +0.0046% | 1h | 1,051.8 | −0.020% | $282K | $836K | 10x | |
| Bullet MU-USD | +0.0048% | 1h | 1,052.2 | +0.013% | $26K | $395K | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,051.9 | −0.015% | $171K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,052.1 | +0.003% | $690K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,051 | −0.097% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,052.2 | +0.010% | $2K | — | 5x | as long as short |
| Lighter MUlong | +0.0056% | 1h | 1,052.1 | long leg | $1.1M | $5.1M | 20x | |
| Bitget MUUSDT | +0.0066% | 8h | 1,052.2 | +0.010% | $20.5M | $41.1M | 50x | as long as short |
| tradeXYZ xyz:MU | +0.0071% | 1h | 1,052 | −0.006% | $178.8M | $99.0M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0080% | 1h | 1,052.9 | +0.079% | $759K | $1.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0088% | 1h | 1,051.8 | −0.027% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,052.1 | +0.006% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,052 | −0.010% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,051 | −0.099% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,052.1 | +0.008% | $836 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0151% | 8h | 1,052.4 | +0.033% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,051.9 | −0.015% | $538K | $271K | 15x | as long as short |
Variational Omni MU
Bybit MUUSDT
Aftermath Perps MUUSD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
QFEX MU-USD
Binance MUUSDT
Arcus MU-USD
Vest MU-USD-PERP
Bullet MU-USD
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Bitget MUUSDT
tradeXYZ xyz:MU
Coinbase International MU-PERP-INTX
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU