MU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0021%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.011%

Price spread now: Nado against Lighter+0.040%7-day average +0.004% · 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−$8as in the Price arb table

costs, in and out, $10k−$110.115% of the position

Long on Lighter Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.015%−$1 on $10k

Price spread, last 7 days−0.107%−$11 · spread now +0.040%, 7d avg +0.004%

Together, before fees−0.122%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Nado is 0.036% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MU	1,046.2	0.0032	pay 0.0004% / 1h	40m 09s	$1.1M	$5.1M	20x
Short	Nado MU-PERP	1,046.6	0.0053	get 0.0007% / 1h	40m 09s	$281K	$828K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Lighter. 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 LighterbpFee NadobpOrdersPrice spread, now +0.040%Rate

Funding earned: $4.51
Price spread: +0.040% → +0.004%: $3.61
Slippage, 4 orders: −$4.49
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$3.36
Costs to cover: 0.115%
Break-even: 12.2 days

Slippage from Lighter: live order book, 8 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 Lighter live order book, 8 min ago	0.38 bp	0.4 bp $0	0.5 bp −$5	21.0 bp −$2,096	doesn't fit
Sell Nado live order book, 13 min ago	0.05 bp	5.2 bp −$5	17.1 bp −$171	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	+0.131%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,046.8	+0.061%	$21.3M	$56.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,046.2	+0.003%	$125.2M	$518.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,046.4	+0.022%	$19.0M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,046.2	−0.003%	$31.1M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,047.1	+0.084%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,046.1	−0.011%	$62.2M	$27.7M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,046.5	+0.032%	$20.4M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,047.2	+0.099%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,048.5	+0.219%	$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	1,046.9	+0.070%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.2	+0.097%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,046.2	+0.005%	$130K	$431K	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,047.4	+0.111%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,046.8	+0.054%	$7.1M	$17.8M	10x	as long as short
Lighter MUlong	+0.0032%	1h	1,046.2	long leg	$1.1M	$5.1M	20x
Lighter RH MU	+0.0032%	1h	1,046.1	−0.011%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,045.5	−0.062%	$550K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.494%	$19K	$5K	12x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0037%	1h	1,046	−0.016%	$73K	$467K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,047.4	+0.113%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,047.6	+0.133%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,045.8	−0.037%	$177.3M	$97.5M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,046.5	+0.030%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,046.4	+0.022%	$687K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047	+0.076%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,047.1	+0.084%	$2K	—	5x	as long as short
Nado MU-PERPshort	+0.0053%	1h	1,046.6	+0.040%	$281K	$828K	10x
Bullet MU-USD	+0.0064%	1h	1,046.9	+0.068%	$26K	$395K	10x	as long as short
BloFin MU-USDT	+0.0080%	8h	1,047.2	+0.093%	$1.5M	$2.0M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,046.1	−0.005%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046.9	+0.068%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,046.1	−0.005%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,047.5	+0.129%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046.3	+0.006%	$832	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.367%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,048.1	+0.183%	$536K	$271K	15x	as long as short