Funding you earn now, next payment 12:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.032%
Price spread now: Gate against Nado+0.041%7-day average −0.002% · 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−$34as in the Price arb table
costs, in and out, $10k−$380.385% of the position
Funding, last 4 days (all we have)−0.032%−$3 on $10k
+Price spread, last 7 days+0.035%+$3 · spread now +0.041%, 7d avg −0.002%
=Together, before fees+0.003%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.043% dearer against Nado than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.002%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 4 days (−0.032% in total) that is about 4.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado MU-PERP | 1,036.3 | 0.0144 | pay 0.0018% / 1h | 44m 33s | $273K | $835K | 10x |
| Short | Gate MU_USDT | 1,036.7 | 0 | get 0.0000% / 8h | 4h 44m | $61.3M | $27.5M | 75x |
Nado MU-PERP
Gate MU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$30.34
- Price spread: +0.041% → −0.002%
- $4.28
- Slippage, 4 orders
- −$16.49
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$64.55
- Costs to cover
- 0.385%
- Break-even
- never at this rate
Slippage from Nado: live order book, 62 min ago; Gate: 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, 62 min ago | 0.05 bp | 7.8 bp −$8 | 20.1 bp −$201 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 1.01 bp | 12.3 bp −$12 | 18.2 bp −$182 | 35.5 bp −$3,554 | 58.6 bp −$29.3K |
MU on 37 exchanges
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 | −0.0719% | 4h | 1,037 | +0.065% | $1.3M | $696K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,037.2 | +0.084% | $21.2M | $73.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,037.1 | +0.074% | $121.8M | $554.8M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,037.2 | +0.081% | $29.9M | $107.0M | 50x | as long as short |
| Gate MU_USDTshort | 0.0000% | 8h | 1,036.7 | +0.041% | $61.3M | $27.5M | 75x | |
| Bitget MUUSDT | 0.0000% | 8h | 1,037.1 | +0.071% | $19.9M | $43.9M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,036.5 | +0.018% | $2.6M | $2.5M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,036.5 | +0.018% | $188K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,038.2 | +0.179% | $11K | $4.9M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,035.9 | −0.045% | $32K | $737K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,036.4 | +0.008% | $119K | $472K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,036.6 | +0.026% | $1.1M | $4.4M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.452% | $19K | $5K | 12x | as long as short |
| Aftermath Perps MUUSD | +0.0039% | 1h | 1,036.8 | +0.042% | $3K | $41K | 10x | as long as short |
| RISEx MU/USDC | +0.0045% | 1h | 1,037.1 | +0.077% | $298K | $333K | 20x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,037.5 | +0.116% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,036.7 | +0.037% | $169K | $163K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,036.6 | +0.024% | $682K | $14K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,036.1 | −0.026% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0059% | 1h | 1,036.6 | +0.026% | $7.0M | $19.4M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0077% | 8h | 1,036.7 | +0.037% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,036 | −0.026% | $32K | $1K | 10x | as long as short |
| Bybit MUUSDT | +0.0081% | 8h | 1,036.9 | +0.059% | $18.8M | $32.3M | 100x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,036.8 | +0.046% | $151K | $222K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,036.7 | +0.037% | $5.2M | $6.7M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,036.7 | +0.041% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,036.7 | +0.038% | $824 | $799 | 20x | as long as short |
| Lighter MU | +0.0120% | 1h | 1,036.7 | +0.032% | $1.0M | $5.0M | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,036.9 | +0.055% | $1.5M | $2.7M | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0136% | 1h | 1,036.8 | +0.043% | $727K | $1.2M | 10x | as long as short |
| Nado MU-PERPlong | +0.0144% | 1h | 1,036.3 | long leg | $273K | $835K | 10x | |
| GRVT MU_USDT_Perp | +0.0145% | 8h | 1,037 | +0.070% | $80K | $1.4M | 10x | as long as short |
| Arcus MU-USD | +0.0186% | 1h | 1,036.2 | −0.012% | $90K | $160K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0200% | 1h | 1,035.9 | −0.043% | $552K | $1.1M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0229% | 1h | 1,036.5 | +0.018% | $176.6M | $75.2M | 10x | as long as short |
| Bullet MU-USD | +0.0243% | 1h | 1,036.7 | +0.037% | $26K | $383K | 10x | as long as short |
| Phoenix MU | +0.0461% | 1h | 1,036.6 | +0.027% | $531K | $159K | 15x | as long as short |
HTX MU-USDT
Lighter RH MU
Injective MU/USDC PERP
Aftermath Perps MUUSD
RISEx MU/USDC
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Paradex MU-USD-PERP
Aevo MU-PERP
Bybit MUUSDT
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Lighter MU
BloFin MU-USDT
Coinbase International MU-PERP-INTX
GRVT MU_USDT_Perp
Arcus MU-USD
Extended MU_24_5-USD
tradeXYZ xyz:MU
Bullet MU-USD
Phoenix MU