Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.07 per $10,000 · paid last 24h −0.012%
Price spread now: ApeX Omni against Nado−0.046%61s7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$480.480% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.049%+$5 on $10k
Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.046%, 7d avg +0.021%
Together, before fees+0.137%+ Points / potential airdropNado: Active · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.067% cheaper against Nado than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.021%). If the spread goes back, that is −$7 on $10k: about 4.2 days of funding at the current rate (+$2 a day). The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado MU-PERP1,051.50.0047pay 0.0006% / 1h11m 49s$282K$836K10x
ShortApeX Omni MUUSDT1,0510.0100get 0.0013% / 1h11m 49s$71K$268K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni 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

Funding earned
$11.13
Price spread: −0.046% → +0.021%
−$6.67
Slippage, 4 orders
−$30.95
Fee Nado: 3.5 bp × 2 orders
−$7
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$43.49
Costs to cover
0.480%
Break-even
34.3 days
Slippage from Nado: live order book, 46 min ago; ApeX Omni: live order book, 45 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 46 min ago0.19 bp5.3 bp −$520.7 bp −$207doesn't fitdoesn't fit
Sell ApeX Omni live order book, 45 min ago7.55 bp19.4 bp −$19189.5 bp −$1,895doesn't fitdoesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0084%4h1,051.4−0.006%$1.3M$673K10xas long as short
Aster MUUSD10.0000%8h1,052.5+0.095%$21.4M$55.0M20xas long as short
OKX MU-USDT-SWAP0.0000%8h1,052.1+0.052%$31.2M$99.6M50xas long as short
RISEx MU/USDC0.0000%1h1,052+0.051%$341K$354K20xas long as short
Gate MU_USDT0.0000%8h1,052+0.049%$62.3M$27.5M75xas long as short
GRVT MU_USDT_Perp0.0000%8h1,051.7+0.017%$81K$1.4M10xas long as short
StandX MU-USD0.0000%1h1,051.5−0.001%$190K$3.4M20xas long as short
SunX MU-USDT0.0000%8h1,052.1+0.060%$11K$5.8M10xas long as short
Deribit MU_USDC-PERPETUAL0.0000%1h1,051.6+0.011%$72K$443K10xas long as short
HTX MU-USDT0.0000%8h1,051.5+0.001%$131K$434K50xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MU+0.0003%8h1,051.8+0.026%$2.7M$2.4Mas long as short
Bybit MUUSDT+0.0021%8h1,052.1+0.057%$19.1M$32.3M100xas long as short
Aftermath Perps MUUSD+0.0023%1h1,051.9+0.036%$3K$44K10xas long as short
Lighter RH MU+0.0032%1h1,052+0.050%$1.3M$4.4M10xas long as short
Extended MU_24_5-USD+0.0032%1h1,051.6+0.005%$566K$1.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4−0.013%$19K$5K12xas long as short
QFEX MU-USD+0.0034%1h1,051.7+0.017%$7.1M$17.8M10xas long as short
Binance MUUSDT+0.0039%8h1,052.2+0.065%$126.6M$516.5M50xas long as short
Arcus MU-USD+0.0040%1h1,051.6+0.008%$71K$234K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,053+0.147%$176K25xas long as short
Nado MU-PERPlong+0.0047%1h1,051.5long leg$282K$836K10x
Polymarket Perps MU-USD+0.0050%1h1,051.7+0.019%$171K$202K10xas long as short
SoDEX MU-USD+0.0050%1h1,051.9+0.036%$690K$16K10xas long as short
Bullet MU-USD+0.0050%1h1,052+0.048%$26K$395K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,051−0.044%$1.9M$2.2M10xas long as short
Paradex MU-USD-PERP+0.0051%8h1,051.9+0.041%$2K5xas long as short
Lighter MU+0.0056%1h1,052.1+0.052%$1.1M$5.1M20xas long as short
Bitget MUUSDT+0.0069%8h1,052.1+0.060%$20.5M$41.1M50xas long as short
tradeXYZ xyz:MU+0.0071%1h1,051.9+0.038%$178.8M$99.0M10xas long as short
Coinbase International MU-PERP-INTX+0.0080%1h1,052.9+0.132%$759K$1.2M10xas long as short
Aevo MU-PERP+0.0088%1h1,051.5+0.001%$32K$1K10xas long as short
Pacifica MU+0.0100%1h1,051.8+0.029%$148K$185K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,051.9+0.037%$5.3M$3.4M20xas long as short
ApeX Omni MUUSDTshort+0.0100%1h1,051−0.046%$71K$268K50x
Orderly PERP_MU_USDC_mythos+0.0100%8h1,051.9+0.038%$836$79920xas long as short
BloFin MU-USDT+0.0161%8h1,051.9+0.036%$1.5M$2.0M20xas long as short
Phoenix MU+0.0304%1h1,052.5+0.095%$538K$271K15xas long as short