Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h −0.012%

Price spread now: Binance against Nado+0.026%7-day average +0.021% · 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−$21as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.046%+$5 on $10k

Price spread, last 2 days (all we have)−0.015%−$2 · spread now +0.026%, 7d avg +0.021%

Together, before fees+0.030%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MU-PERP	1,049.7	0.0104	pay 0.0013% / 1h	48m 22s	$280K	$849K	10x
Short	Binance MUUSDT	1,049.9	0.0163	get 0.0163% / 8h	5h 48m	$126.5M	$520.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.026%Rate

Funding earned: $12.42
Price spread: +0.026% → +0.021%: $0.56
Slippage, 4 orders: −$4.21
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$8.23
Costs to cover: 0.212%
Break-even: 11.6 days

Slippage from Nado: live order book, 15 min ago; Binance: live order book, 10 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, 15 min ago	0.05 bp	6.2 bp −$6	15.9 bp −$159	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.05 bp	5.5 bp −$6	6.6 bp −$66	16.5 bp −$1,655	doesn't fit

MU on 36 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	−0.0504%	4h	1,050.4	+0.073%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050	+0.035%	$333K	$349K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.8	+0.013%	$62.0M	$27.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	+0.044%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.5	+0.174%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.6	−0.005%	$66K	$356K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.7	+0.004%	$129K	$427K	50x	as long as short
Bybit MUUSDT	+0.0017%	8h	1,050.1	+0.041%	$19.1M	$32.4M	100x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,049.9	+0.022%	$3K	$44K	10x	as long as short
GRVT MU_USDT_Perp	+0.0024%	8h	1,050.8	+0.107%	$79K	$1.3M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MU-USD	+0.0030%	1h	1,049.6	−0.006%	$7.3M	$18.4M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.5	−0.016%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.162%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.4	−0.024%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050	+0.036%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAP	+0.0041%	8h	1,049.8	+0.017%	$31.0M	$100.0M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.7	+0.094%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.6	−0.006%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.9	+0.026%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.9	−0.068%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0059%	8h	1,049.9	+0.018%	$2K	—	5x	as long as short
Lighter MU	+0.0088%	1h	1,049.5	−0.017%	$1.1M	$4.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	+0.027%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,049.8	+0.012%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.9	+0.020%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.109%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050	+0.034%	$835	$799	20x	as long as short
Nado MU-PERPlong	+0.0104%	1h	1,049.7	long leg	$280K	$849K	10x
Aster MUUSD1	+0.0108%	8h	1,050.2	+0.048%	$21.4M	$52.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0117%	1h	1,049.6	−0.006%	$178.2M	$99.2M	10x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,049.6	−0.007%	$32K	$1K	10x	as long as short
Variational Omni MU	+0.0144%	8h	1,050.4	+0.075%	$2.7M	$2.3M	—	as long as short
Bullet MU-USD	+0.0145%	1h	1,050.1	+0.038%	$26K	$397K	10x	as long as short
Binance MUUSDTshort	+0.0163%	8h	1,049.9	+0.026%	$126.5M	$520.0M	50x
Bitget MUUSDT	+0.0165%	8h	1,050	+0.030%	$20.6M	$41.2M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.2	+0.052%	$537K	$271K	15x	as long as short