MU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.03 per $10,000 · paid last 24h −0.008%

Price spread now: Lighter against Nado+0.039%7-day average −0.004% · 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−$10as in the Price arb table

costs, in and out, $10k−$150.145% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.017%+$2 on $10k

Price spread, last 7 days+0.110%+$11 · spread now +0.039%, 7d avg −0.004%

Together, before fees+0.127%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board+$13 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 Lighter is 0.042% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MU-PERP	1,037.8	0.0017	pay 0.0002% / 1h	6m 33s	$280K	$804K	10x
Short	Lighter MU	1,038.2	0.0040	get 0.0005% / 1h	6m 33s	$1.0M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.039%Rate

Funding earned: $4.82
Price spread: +0.039% → −0.004%: $4.21
Slippage, 4 orders: −$7.52
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$5.49
Costs to cover: 0.145%
Break-even: 15.0 days

Slippage from Nado: live order book, 32 min ago; Lighter: live order book, 6 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, 32 min ago	0.05 bp	7.0 bp −$7	18.5 bp −$185	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.77 bp	0.8 bp −$1	0.9 bp −$9	18.3 bp −$1,829	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	−0.0764%	4h	1,037.8	+0.001%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0140%	8h	1,038.6	+0.078%	$20.2M	$39.9M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.4	+0.062%	$21.2M	$67.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.4	+0.055%	$122.5M	$536.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.4	+0.060%	$18.8M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.2	+0.042%	$29.8M	$100.0M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.5	+0.064%	$313K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.2	+0.042%	$61.6M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.8	−0.003%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.9	+0.013%	$71K	$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	1,038.3	+0.050%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.9	+0.201%	$11K	$5.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.2	+0.043%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0007%	1h	1,038.3	+0.049%	$25K	$388K	10x	as long as short
Nado MU-PERPlong	+0.0017%	1h	1,037.8	long leg	$280K	$804K	10x
Aftermath Perps MUUSD	+0.0019%	1h	1,038.4	+0.059%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038.2	+0.035%	$7.0M	$18.7M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.1	+0.029%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,038	+0.018%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.308%	$19K	$5K	12x	as long as short
Lighter MUshort	+0.0040%	1h	1,038.2	+0.039%	$1.0M	$4.9M	20x
Arcus MU-USD	+0.0040%	1h	1,037.8	+0.002%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.4	+0.057%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.2	+0.040%	$176.4M	$80.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.1	+0.030%	$168K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.3	+0.044%	$681K	$15K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,038.3	+0.048%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.8	+0.004%	$1.9M	$2.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0068%	1h	1,038.1	+0.028%	$74K	$620K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038	+0.019%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.3	+0.053%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038	+0.023%	$145K	$191K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038	+0.020%	$5.2M	$4.1M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038	+0.018%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.3	+0.045%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.3	+0.053%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.7	+0.088%	$531K	$270K	15x	as long as short