Funding you earn now, next payment 02:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.06 per $10,000 · paid last 24h +0.027%
Price spread now: Nado against QFEX+0.011%7-day average +0.023% · 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−$28as in the Price arb table
costs, in and out, $10k−$270.271% of the position
Funding, last 3 days (all we have)+0.007%+$1 on $10k
+Price spread, last 7 days+0.104%+$10 · spread now +0.011%, 7d avg +0.023%
=Together, before fees+0.110%+ Points / potential airdropNado: Active · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX MU-USD | 1,048.9 | 0.0040 | pay 0.0005% / 1h | 37m 36s | $7.5M | $20.1M | 10x |
| Short | Nado MU-PERP | 1,049 | −0.0007 | pay 0.0001% / 1h | 37m 36s | $274K | $858K | 10x |
QFEX MU-USD
Nado MU-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against QFEX. 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
- −$9.85
- Price spread: +0.011% → +0.023%
- −$1.17
- Slippage, 4 orders
- −$10.09
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$38.11
- Costs to cover
- 0.271%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 7 min ago; Nado: live order book, 31 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 QFEX live order book, 7 min ago | 2.05 bp | 7.1 bp −$7 | 8.3 bp −$83 | 12.4 bp −$1,237 | doesn't fit |
| Sell Nado live order book, 31 min ago | 0.05 bp | 5.0 bp −$5 | 17.9 bp −$179 | 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 | −0.0949% | 4h | 1,048.4 | −0.042% | $1.3M | $671K | 10x | as long as short |
| Nado MU-PERPshort | −0.0007% | 1h | 1,049 | +0.011% | $274K | $858K | 10x | |
| Gate MU_USDT | 0.0000% | 8h | 1,049 | +0.011% | $62.1M | $27.6M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,048.7 | −0.013% | $190K | $3.4M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,048.9 | +0.004% | $26K | $395K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,049.9 | +0.098% | $11K | $6.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,048.6 | −0.026% | $65K | $327K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,048.6 | −0.025% | $129K | $429K | 50x | as long as short |
| Bybit MUUSDT | +0.0003% | 8h | 1,049.2 | +0.034% | $19.2M | $32.6M | 100x | as long as short |
| Aftermath Perps MUUSD | +0.0021% | 1h | 1,048.7 | −0.017% | $3K | $45K | 10x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Bybit MUUSDT
Aftermath Perps MUUSDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MU | +0.0032% | 1h | 1,049.1 | +0.024% | $1.1M | $4.8M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,049.1 | +0.023% | $1.1M | $4.1M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,048.4 | −0.049% | $559K | $1.2M | 10x | as long as short |
| QFEX MU-USDlong | +0.0040% | 1h | 1,048.9 | long leg | $7.5M | $20.1M | 10x | |
| Arcus MU-USD | +0.0040% | 1h | 1,048.8 | −0.009% | $71K | $237K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,049.8 | +0.092% | — | $176K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,048.6 | −0.027% | $170K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,048.8 | −0.004% | $688K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,047.9 | −0.096% | $1.9M | $2.4M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0053% | 1h | 1,049 | +0.011% | $178.1M | $99.9M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0068% | 8h | 1,049.3 | +0.035% | $2K | — | 5x | as long as short |
| OKX MU-USDT-SWAP | +0.0071% | 8h | 1,048.9 | +0.006% | $30.8M | $100.6M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,048.9 | +0.004% | $148K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,049 | +0.011% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,048.6 | −0.024% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,049 | +0.009% | $834 | $799 | 20x | as long as short |
| Injective MU/USDC PERP | +0.0107% | 1h | 1,051.4 | +0.236% | $19K | $5K | 12x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0128% | 1h | 1,048.1 | −0.076% | $759K | $1.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,048.6 | −0.024% | $32K | $1K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0158% | 8h | 1,049 | +0.008% | $81K | $1.3M | 10x | as long as short |
| Aster MUUSD1 | +0.0207% | 8h | 1,049.4 | +0.046% | $21.6M | $50.1M | 20x | as long as short |
| Variational Omni MU | +0.0219% | 8h | 1,049 | +0.015% | $2.7M | $2.4M | — | as long as short |
| Binance MUUSDT | +0.0223% | 8h | 1,048.9 | +0.005% | $126.8M | $524.6M | 50x | as long as short |
| Bitget MUUSDT | +0.0285% | 8h | 1,049.1 | +0.022% | $20.3M | $41.9M | 50x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,049.3 | +0.040% | $537K | $273K | 15x | as long as short |
| BloFin MU-USDT | +0.0368% | 8h | 1,049.8 | +0.089% | $1.5M | $2.0M | 20x | as long as short |
| RISEx MU/USDC | +0.0507% | 1h | 1,049.2 | +0.027% | $333K | $348K | 20x | as long as short |
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
tradeXYZ xyz:MU
Paradex MU-USD-PERP
OKX MU-USDT-SWAP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Injective MU/USDC PERP
Coinbase International MU-PERP-INTX
Aevo MU-PERP
GRVT MU_USDT_Perp
Aster MUUSD1
Variational Omni MU
Binance MUUSDT
Bitget MUUSDT
Phoenix MU
BloFin MU-USDT
RISEx MU/USDC