Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0046%/8h= −5.1% APRpaid last 24h −0.042%

Price spread now: HTX against Nado+0.041%7-day average +0.018% · 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−$28as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.041%, 7d avg +0.018%

Together, before fees−0.045%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.023% dearer against Nado than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of +0.018%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MU-PERP	1,051.9	0.0046	pay 0.0006% / 1h	35m 05s	$282K	$842K	10x
Short	HTX MU-USDT	1,052.4	0	get 0.0000% / 8h	4h 35m	$131K	$436K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$9.71
Price spread: +0.041% → +0.018%: $2.31
Slippage, 4 orders: −$10.87
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$37.26
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from Nado: live order book, 23 min ago; HTX: live order book, 23 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, 23 min ago	0.19 bp	5.3 bp −$5	20.7 bp −$207	doesn't fit	doesn't fit
Sell HTX live order book, 23 min ago	3.18 bp	10.5 bp −$10	10.5 bp −$105	15.3 bp −$1,532	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	−0.0619%	4h	1,052.1	+0.013%	$1.3M	$672K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.4	+0.041%	$31.2M	$99.8M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.5	+0.055%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.3	+0.034%	$62.3M	$27.4M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.3	+0.039%	$82K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.6	−0.027%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.2	+0.217%	$11K	$5.8M	10x	as long as short
HTX MU-USDTshort	0.0000%	8h	1,052.4	+0.041%	$131K	$436K	50x
Aster MUUSD1	+0.0004%	8h	1,052.1	+0.020%	$21.4M	$55.0M	20x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,052.3	+0.035%	$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
Bybit MUUSDT	+0.0025%	8h	1,052.7	+0.070%	$19.1M	$32.3M	100x	as long as short
Variational Omni MU	+0.0032%	8h	1,052.2	+0.030%	$2.7M	$2.4M	—	as long as short
Lighter RH MU	+0.0032%	1h	1,052.2	+0.028%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.7	−0.026%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.053%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052.1	+0.021%	$7.2M	$17.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,052	+0.008%	$71K	$234K	10x	as long as short
Bullet MU-USD	+0.0041%	1h	1,052.4	+0.042%	$25K	$398K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.2	+0.126%	—	$176K	25x	as long as short
Nado MU-PERPlong	+0.0046%	1h	1,051.9	long leg	$282K	$842K	10x
Lighter MU	+0.0048%	1h	1,052.2	+0.031%	$1.1M	$5.1M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.1	+0.017%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.3	+0.038%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.4	−0.046%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,052.4	+0.046%	$2K	—	5x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0054%	1h	1,052	+0.004%	$69K	$420K	10x	as long as short
Binance MUUSDT	+0.0067%	8h	1,052.4	+0.045%	$126.8M	$517.1M	50x	as long as short
tradeXYZ xyz:MU	+0.0079%	1h	1,052.1	+0.017%	$178.9M	$99.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.1	+0.020%	$758K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,051.9	0.000%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.4	+0.045%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052	+0.008%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052.3	+0.038%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.3	+0.032%	$837	$799	20x	as long as short
Bitget MUUSDT	+0.0113%	8h	1,052.5	+0.052%	$20.6M	$41.1M	50x	as long as short
BloFin MU-USDT	+0.0187%	8h	1,052.5	+0.054%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.3	+0.036%	$538K	$271K	15x	as long as short