Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.025%

Price spread now: Nado against BloFin−0.162%7-day average −0.030% · 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−$38as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.174%−$17 on $10k

Price spread, last 4 days (all we have)+0.363%+$36 · spread now −0.162%, 7d avg −0.030%

Together, before fees+0.188%+ Points / potential airdropNado: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.131% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MU-USDT	1,029.4	0.0120	pay 0.0120% / 8h	7h 20m	$1.5M	$2.3M	20x
Short	Nado MU-PERP	1,027.7	0.0100	get 0.0013% / 1h	20m 25s	$264K	$815K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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 BloFinbpFee NadobpOrdersPrice spread, now −0.162%Rate

Funding earned: −$4.17
Price spread: −0.162% → −0.030%: −$13.15
Slippage, 4 orders: −$5.93
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$42.25
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Nado: live order book, 13 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 BloFin live order book, 3 min ago	0.05 bp	6.7 bp −$7	8.6 bp −$86	14.9 bp −$1,488	doesn't fit
Sell Nado live order book, 13 min ago	0.05 bp	6.3 bp −$6	22.1 bp −$221	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	−0.0959%	4h	1,026.4	−0.291%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,029.4	+0.003%	$21.0M	$69.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,029.6	+0.020%	$121.7M	$548.6M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,029.6	+0.024%	$29.1M	$103.2M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,029.4	+0.003%	$293K	$386K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,029.3	−0.007%	$61.8M	$28.4M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,029.5	+0.014%	$19.8M	$41.1M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,029.6	+0.025%	$2.5M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,028.6	−0.080%	$186K	$3.6M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,030	+0.062%	$11K	$5.3M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,029.3	−0.009%	$118K	$494K	50x	as long as short
Bybit MUUSDT	+0.0007%	8h	1,029.6	+0.024%	$18.6M	$32.4M	100x	as long as short
QFEX MU-USD	+0.0027%	1h	1,029.4	−0.001%	$6.9M	$18.9M	10x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,026.4	−0.292%	$3K	$43K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,029.1	−0.025%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,028.8	−0.056%	$539K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.136%	$19K	$5K	12x	as long as short
GRVT MU_USDT_Perp	+0.0040%	8h	1,026.9	−0.239%	$81K	$1.4M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,029.2	−0.021%	$89K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,029.1	−0.022%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,029.2	−0.017%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,028.7	−0.066%	$675K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,028.6	−0.074%	$1.9M	$3.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0070%	8h	1,029.4	−0.001%	$2K	—	5x	as long as short
Lighter MU	+0.0080%	1h	1,029.2	−0.017%	$992K	$5.0M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,028.7	−0.065%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,029.4	+0.004%	$719K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,029	−0.036%	$146K	$194K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,028	−0.131%	$5.1M	$4.7M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,026.4	−0.290%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,028.4	−0.098%	$818	$799	20x	as long as short
Nado MU-PERPshort	+0.0100%	1h	1,027.7	−0.162%	$264K	$815K	10x
tradeXYZ xyz:MU	+0.0101%	1h	1,029.1	−0.026%	$174.0M	$78.9M	10x	as long as short
BloFin MU-USDTlong	+0.0120%	8h	1,029.4	long leg	$1.5M	$2.3M	20x
Bullet MU-USD	+0.0145%	1h	1,029.6	+0.022%	$25K	$388K	10x	as long as short
Phoenix MU	+0.0231%	1h	1,028.4	−0.094%	$526K	$270K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0256%	1h	1,028.9	−0.051%	$72K	$630K	10x	as long as short