Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0131%/8hpaid last 24h +0.010%

Price spread now: Nado against Binance−0.212%48s7-day average −0.010% · 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—prices read too far apart to compare

costs, in and out, $10k−$240.237% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.040%−$4 on $10k

Price spread, last 1 day (all we have)+0.201%+$20 · spread now −0.212%, 7d avg −0.010%

Together, before fees+0.161%+ Points / potential airdropNado: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.202% cheaper against Binance than usual: you would sell low and buy high (spread −0.212% now, against its 7-day average of −0.010%). If the spread goes back, that is −$20 on $10k: about 5.1 days of funding at the current rate (+$4 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MUUSDT	1,048	0	get 0.0000% / 8h	4h 21m	$125.7M	$519.9M	50x
Short	Nado MU-PERP	1,045.8	0.0131	get 0.0016% / 1h	21m 46s	$335K	$797K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.212%Rate

Funding earned: $27.59
Price spread: −0.212% → −0.010%: −$20.21
Slippage, 4 orders: −$6.72
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$16.34
Costs to cover: 0.237%
Break-even: 11.1 days

Slippage from Binance: live order book, 11 min ago; Nado: live order book, 11 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 Binance live order book, 11 min ago	0.09 bp	5.7 bp −$6	7.1 bp −$71	12.2 bp −$1,220	30.7 bp −$15.3K
Sell Nado live order book, 11 min ago	0.05 bp	8.0 bp −$8	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	−0.0425%	4h	1,046.9	−0.110%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,047.9	−0.015%	$21.5M	$26.6M	20x	as long as short
Binance MUUSDTlong	0.0000%	8h	1,048	long leg	$125.7M	$519.9M	50x
Bybit MUUSDT	0.0000%	8h	1,047.8	−0.020%	$19.0M	$31.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,047.5	−0.048%	$30.9M	$101.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,046.8	−0.121%	$288K	$331K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,047.2	−0.080%	$63.7M	$28.0M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,046.4	−0.160%	$2.7M	$2.7M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,046.8	−0.121%	$83K	$1.2M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,046.4	−0.152%	$189K	$3.0M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MU-USDT	0.0000%	8h	1,048.6	+0.052%	$11K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,046.8	−0.121%	$125K	$443K	50x	as long as short
Bitget MUUSDT	+0.0023%	8h	1,047.3	−0.071%	$20.1M	$41.0M	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,047.6	−0.044%	$1.1M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.255%	$14K	$302	12x	as long as short
Arcus MU-USD	+0.0041%	1h	1,046.3	−0.169%	$63K	$235K	10x	as long as short
QFEX MU-USD	+0.0045%	1h	1,046.6	−0.137%	$7.9M	$23.5M	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,047.2	−0.085%	—	$190K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,046.8	−0.118%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,046.9	−0.112%	$687K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045.7	−0.228%	$1.9M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0057%	8h	1,046.6	−0.135%	$2K	—	5x	as long as short
Lighter MU	+0.0072%	1h	1,047.9	−0.013%	$974K	$4.7M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,047	−0.101%	$34K	—	10x	as long as short
Bullet MU-USD	+0.0084%	1h	1,047.2	−0.076%	$25K	$397K	10x	as long as short
Extended MU_24_5-USD	+0.0088%	1h	1,046.7	−0.124%	$526K	$1.0M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046.6	−0.139%	$153K	$179K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,046.7	−0.125%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,046.8	−0.123%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,047.2	−0.076%	$833	$799	20x	as long as short
tradeXYZ xyz:MU	+0.0114%	1h	1,047.5	−0.051%	$179.0M	$98.5M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,046.3	−0.166%	$769K	$1.7M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,046.5	−0.147%	$1.5M	$2.0M	20x	as long as short
Nado MU-PERPshort	+0.0131%	1h	1,045.8	−0.212%	$335K	$797K	10x
Aftermath Perps MUUSD	+0.0168%	1h	1,046.7	−0.131%	$3K	$44K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0304%	1h	1,047	−0.095%	$55K	$150K	10x	as long as short
Phoenix MU	+0.0305%	1h	1,045.6	−0.232%	$529K	$219K	15x	as long as short