MU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: Arcus against Nado+0.057%7-day average −0.031% · 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−$22as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on Nado Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.098%+$10 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.057%, 7d avg −0.031%

Together, before fees+0.004%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.088% dearer against Nado than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of −0.031%): +$9 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 22 days. Mind the row above: over the last 3 days funding on this pair paid +0.098%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MU-PERP	1,047	0.0053	pay 0.0007% / 1h	41m 02s	$281K	$828K	10x
Short	Arcus MU-USD	1,047.6	0.0040	get 0.0005% / 1h	41m 02s	$71K	$233K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Nado. 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 NadobpFee ArcusbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$2.76
Price spread: +0.057% → −0.031%: $8.78
Slippage, 4 orders: −$19.09
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$24.57
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from Nado: live order book, 12 min ago; Arcus: live order book, 12 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 Nado live order book, 12 min ago	0.05 bp	5.4 bp −$5	17.8 bp −$178	doesn't fit	doesn't fit
Sell Arcus live order book, 12 min ago	2.38 bp	10.3 bp −$10	13.6 bp −$136	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	−0.0697%	4h	1,047.6	+0.049%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,047.1	+0.010%	$21.3M	$56.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,047	−0.001%	$125.3M	$518.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,047.2	+0.013%	$19.0M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,047	−0.008%	$31.1M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,047.2	+0.014%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,046.9	−0.017%	$62.2M	$27.7M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,047.2	+0.015%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,047.2	+0.017%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,048.5	+0.137%	$82K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,047.6	+0.052%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.4	+0.127%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,046.8	−0.028%	$73K	$466K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,047.1	+0.006%	$130K	$431K	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,047.6	+0.052%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,047.3	+0.021%	$7.1M	$17.9M	10x	as long as short
Lighter MU	+0.0032%	1h	1,047	−0.008%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.9	−0.013%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,046.5	−0.050%	$550K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.413%	$19K	$5K	12x	as long as short
Arcus MU-USDshort	+0.0040%	1h	1,047.6	+0.057%	$71K	$233K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,048.2	+0.112%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,046.7	−0.033%	$177.4M	$97.5M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,047	−0.004%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,047.1	+0.009%	$687K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047	−0.006%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,047.3	+0.023%	$2K	—	5x	as long as short
Nado MU-PERPlong	+0.0053%	1h	1,047	long leg	$281K	$828K	10x
Bullet MU-USD	+0.0065%	1h	1,047.3	+0.025%	$26K	$395K	10x	as long as short
BloFin MU-USDT	+0.0080%	8h	1,047.2	+0.011%	$1.5M	$2.0M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,046.8	−0.020%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,047.5	+0.045%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,046.9	−0.015%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,047.5	+0.048%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,047	−0.005%	$832	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.285%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,048.1	+0.101%	$536K	$271K	15x	as long as short