Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h +0.024%

Price spread now: BloFin against Nado+0.052%7-day average +0.031% · 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−$22as in the Price arb table

costs, in and out, $10k−$250.245% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.163%+$16 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.052%, 7d avg +0.031%

Together, before fees+0.119%+ Points / potential airdropNado: 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 BloFin is 0.021% dearer against Nado than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MU-PERP	1,046.6	0.0053	pay 0.0007% / 1h	40m 02s	$281K	$828K	10x
Short	BloFin MU-USDT	1,047.2	0.0080	get 0.0080% / 8h	3h 40m	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.052%Rate

Funding earned: $5.53
Price spread: +0.052% → +0.031%: $2.1
Slippage, 4 orders: −$5.52
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$16.89
Costs to cover: 0.245%
Break-even: 28.4 days

Slippage from Nado: live order book, 13 min ago; BloFin: live order book, 3 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, 13 min ago	0.05 bp	5.4 bp −$5	17.8 bp −$178	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.81 bp	7.1 bp −$7	9.2 bp −$92	12.4 bp −$1,244	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	+0.090%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,046.3	−0.032%	$21.2M	$56.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,046	−0.056%	$125.2M	$518.5M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,046.2	−0.036%	$19.0M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,046.1	−0.048%	$31.1M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,047.1	+0.044%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,046.1	−0.051%	$62.2M	$27.7M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,046.3	−0.030%	$20.4M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,047.2	+0.058%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,048.5	+0.178%	$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	+0.029%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.2	+0.056%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,046.2	−0.036%	$130K	$431K	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,047.4	+0.071%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,046.8	+0.014%	$7.1M	$17.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,046.2	−0.040%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.1	−0.052%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,045.2	−0.136%	$550K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.454%	$19K	$5K	12x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0037%	1h	1,046	−0.057%	$73K	$467K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,047.4	+0.072%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,047.6	+0.092%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,045.8	−0.078%	$177.3M	$97.5M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,046.5	−0.011%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,046.4	−0.018%	$687K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047	+0.035%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,047.1	+0.044%	$2K	—	5x	as long as short
Nado MU-PERPlong	+0.0053%	1h	1,046.6	long leg	$281K	$828K	10x
Bullet MU-USD	+0.0064%	1h	1,046.9	+0.027%	$26K	$395K	10x	as long as short
BloFin MU-USDTshort	+0.0080%	8h	1,047.2	+0.052%	$1.5M	$2.0M	20x
Aevo MU-PERP	+0.0080%	1h	1,046.1	−0.046%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046.9	+0.028%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.7	−0.084%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,047.5	+0.089%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046.3	−0.035%	$832	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.326%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,048.1	+0.142%	$536K	$271K	15x	as long as short