Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.4% APRpaid last 24h −0.020%

Price spread now: Bitget against Nado+0.039%7-day average +0.032% · 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−$25as in the Price arb table

costs, in and out, $10k−$250.255% of the position

Long on Nado Short on Bitget

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−0.115%−$12 · spread now +0.039%, 7d avg +0.032%

Together, before fees−0.101%+ Points / potential airdropNado: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MU-PERP	1,049.9	0.0054	pay 0.0007% / 1h	26m 36s	$282K	$848K	10x
Short	Bitget MUUSDT	1,050.3	0.0121	get 0.0121% / 8h	5h 26m	$20.6M	$41.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee NadobpFee BitgetbpOrdersPrice spread, now +0.039%Rate

Funding earned: $14.17
Price spread: +0.039% → +0.032%: $0.61
Slippage, 4 orders: −$6.46
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$10.68
Costs to cover: 0.255%
Break-even: 12.3 days

Slippage from Nado: live order book, 37 min ago; Bitget: live order book, 2 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, 37 min ago	0.05 bp	6.2 bp −$6	15.9 bp −$159	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.05 bp	6.9 bp −$7	8.8 bp −$88	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	−0.0521%	4h	1,050.6	+0.065%	$1.3M	$670K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.4	+0.048%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.5	+0.057%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050	+0.015%	$62.0M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.6	+0.071%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,049.8	−0.004%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.9	+0.187%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.9	−0.002%	$67K	$374K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050	+0.007%	$129K	$429K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050.1	+0.017%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MU-USDT-SWAP	+0.0022%	8h	1,050.4	+0.048%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050	+0.014%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.1	+0.019%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.140%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.6	−0.031%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.1	+0.016%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.1	+0.114%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,050.3	+0.037%	$1.1M	$4.9M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050	+0.011%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050	+0.007%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.8	−0.005%	$1.9M	$2.3M	10x	as long as short
Nado MU-PERPlong	+0.0054%	1h	1,049.9	long leg	$282K	$848K	10x
Paradex MU-USD-PERP	+0.0056%	8h	1,050.2	+0.032%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0059%	1h	1,050.1	+0.020%	$178.1M	$99.2M	10x	as long as short
Aster MUUSD1	+0.0066%	8h	1,050.3	+0.043%	$21.4M	$52.7M	20x	as long as short
Bullet MU-USD	+0.0071%	1h	1,050.1	+0.020%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	+0.005%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.2	+0.030%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.1	+0.018%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.087%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050	+0.012%	$835	$799	20x	as long as short
Variational Omni MU	+0.0111%	8h	1,050.9	+0.098%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERP	+0.0112%	1h	1,049.7	−0.015%	$32K	$1K	10x	as long as short
Bitget MUUSDTshort	+0.0121%	8h	1,050.3	+0.039%	$20.6M	$41.1M	50x
Binance MUUSDT	+0.0130%	8h	1,050.4	+0.044%	$126.5M	$518.7M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.6	+0.068%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0253%	8h	1,050.1	+0.023%	$1.5M	$2.0M	20x	as long as short