Funding you earn now, next payment 02:00 UTC+0.0194%/8h= +21.3% APRpaid last 24h −0.012%
Price spread now: Binance against Nado+0.053%7-day average +0.021% · 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−$21as in the Price arb table
costs, in and out, $10k−$240.242% of the position
Funding, last 3 days (all we have)+0.046%+$5 on $10k
+Price spread, last 2 days (all we have)−0.042%−$4 · spread now +0.053%, 7d avg +0.021%
=Together, before fees+0.003%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.032% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.021%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.046% in total (about 5.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MU-PERP | 1,049.6 | −0.0005 | get 0.0001% / 1h | 14m 50s | $277K | $854K | 10x |
| Short | Binance MUUSDT | 1,050.2 | 0.0190 | get 0.0190% / 8h | 6h 14m | $126.5M | $523.3M | 50x |
Nado MU-PERP
Binance MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Nado. 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
- $40.8
- Price spread: +0.053% → +0.021%
- $3.24
- Slippage, 4 orders
- −$7.25
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $19.79
- Costs to cover
- 0.242%
- Break-even
- 3.6 days
Slippage from Nado: live order book, 54 min ago; Binance: live order book, 14 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 Nado live order book, 54 min ago | 0.05 bp | 7.9 bp −$8 | 18.4 bp −$184 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.05 bp | 6.0 bp −$6 | 7.6 bp −$76 | 16.8 bp −$1,680 | doesn't fit |
MU on 36 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 | −0.0876% | 4h | 1,049.5 | −0.011% | $1.3M | $672K | 10x | as long as short |
| Nado MU-PERPlong | −0.0005% | 1h | 1,049.6 | long leg | $277K | $854K | 10x | |
| Bybit MUUSDT | 0.0000% | 8h | 1,050.4 | +0.079% | $19.2M | $32.6M | 100x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,049.9 | +0.031% | $62.0M | $27.7M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,049.6 | +0.003% | $190K | $3.4M | 20x | as long as short |
| Bullet MU-USD | 0.0000% | 1h | 1,050.1 | +0.044% | $25K | $394K | 10x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,051.1 | +0.147% | $11K | $6.0M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,049.7 | +0.008% | $66K | $341K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,050.1 | +0.047% | $129K | $425K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0017% | 1h | 1,049.6 | −0.005% | $3K | $45K | 10x | as long as short |
edgeX MUUSDC
Bybit MUUSDT
Gate MU_USDT
StandX MU-USD
Bullet MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MU | +0.0032% | 1h | 1,049.8 | +0.018% | $1.1M | $4.8M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,049.8 | +0.021% | $1.1M | $4.2M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,049.3 | −0.024% | $567K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0040% | 1h | 1,049.8 | +0.017% | $7.4M | $19.3M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,049.7 | +0.005% | $71K | $236K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,050.7 | +0.104% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,049.8 | +0.019% | $178.2M | $99.6M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,049.7 | +0.009% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,049.8 | +0.019% | $689K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,048.8 | −0.074% | $1.9M | $2.3M | 10x | as long as short |
| OKX MU-USDT-SWAP | +0.0050% | 8h | 1,050.2 | +0.060% | $30.8M | $100.5M | 50x | as long as short |
| GRVT MU_USDT_Perp | +0.0056% | 8h | 1,049.8 | +0.020% | $81K | $1.3M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0061% | 8h | 1,050 | +0.039% | $2K | — | 5x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,049.5 | −0.007% | $148K | $187K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,049.7 | +0.011% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,049.9 | +0.025% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,050 | +0.039% | $835 | $799 | 20x | as long as short |
| Injective MU/USDC PERP | +0.0107% | 1h | 1,051.4 | +0.168% | $19K | $5K | 12x | as long as short |
| Aevo MU-PERP | +0.0128% | 1h | 1,049.6 | +0.001% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0128% | 1h | 1,050.3 | +0.065% | $757K | $1.2M | 10x | as long as short |
| Aster MUUSD1 | +0.0149% | 8h | 1,050 | +0.036% | $21.6M | $51.7M | 20x | as long as short |
| Variational Omni MU | +0.0171% | 8h | 1,049.8 | +0.019% | $2.7M | $2.4M | — | as long as short |
| Binance MUUSDTshort | +0.0190% | 8h | 1,050.2 | +0.053% | $126.5M | $523.3M | 50x | |
| Bitget MUUSDT | +0.0227% | 8h | 1,050.1 | +0.046% | $20.6M | $41.9M | 50x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,050.2 | +0.057% | $537K | $273K | 15x | as long as short |
| RISEx MU/USDC | +0.0507% | 1h | 1,050.2 | +0.053% | $334K | $348K | 20x | as long as short |
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
OKX MU-USDT-SWAP
GRVT MU_USDT_Perp
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Injective MU/USDC PERP
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Aster MUUSD1
Variational Omni MU
Bitget MUUSDT
Phoenix MU
RISEx MU/USDC