MU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.02 per $10,000 · paid last 24h −0.032%

Price spread now: Lighter RH against Nado+0.031%7-day average −0.027% · 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−$9as in the Price arb table

costs, in and out, $10k−$140.144% of the position

Long on Nado Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.031%, 7d avg −0.027%

Together, before fees−0.033%+ Points / potential airdropNado: Active · Lighter RH: Points live · farm board−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.058% dearer against Nado than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.027%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MU-PERP	1,052.1	0.0044	pay 0.0006% / 1h	9m 25s	$282K	$836K	10x
Short	Lighter RH MU	1,052.4	0.0032	get 0.0004% / 1h	9m 25s	$1.3M	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$2.53
Price spread: +0.031% → −0.027%: $5.79
Slippage, 4 orders: −$7.44
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$11.19
Costs to cover: 0.144%
Break-even: never at this rate

Slippage from Nado: live order book, 49 min ago; Lighter RH: live order book, 4 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, 49 min ago	0.19 bp	5.3 bp −$5	20.7 bp −$207	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	2.00 bp	2.0 bp −$2	4.0 bp −$40	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	−0.0884%	4h	1,052	−0.011%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,052.5	+0.045%	$21.5M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.6	+0.048%	$31.2M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.7	+0.056%	$340K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.3	+0.023%	$62.3M	$27.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,051.9	−0.013%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.4	+0.031%	$81K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.9	−0.016%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.9	+0.075%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,052	−0.006%	$72K	$445K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,052.2	+0.014%	$131K	$434K	50x	as long as short
Bybit MUUSDT	+0.0018%	8h	1,052.7	+0.058%	$19.1M	$32.3M	100x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,051.9	−0.015%	$3K	$44K	10x	as long as short
Lighter RH MUshort	+0.0032%	1h	1,052.4	+0.031%	$1.3M	$4.4M	10x
Extended MU_24_5-USD	+0.0032%	1h	1,051.7	−0.030%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.067%	$19K	$5K	12x	as long as short
Binance MUUSDT	+0.0034%	8h	1,052.4	+0.030%	$126.6M	$516.3M	50x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052.2	+0.013%	$7.1M	$17.8M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.8	−0.021%	$71K	$234K	10x	as long as short
Nado MU-PERPlong	+0.0044%	1h	1,052.1	long leg	$282K	$836K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,053.6	+0.142%	—	$176K	25x	as long as short
Bullet MU-USD	+0.0047%	1h	1,052.5	+0.041%	$26K	$395K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.2	+0.013%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.2	+0.016%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.4	−0.059%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,052.5	+0.041%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.4	+0.036%	$1.1M	$5.1M	20x	as long as short
Bitget MUUSDT	+0.0061%	8h	1,052.4	+0.027%	$20.5M	$41.1M	50x	as long as short
tradeXYZ xyz:MU	+0.0070%	1h	1,052.2	+0.013%	$178.8M	$97.8M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.9	+0.078%	$759K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0088%	1h	1,051.9	−0.020%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.4	+0.034%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.2	+0.012%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	−0.002%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.3	+0.020%	$837	$799	20x	as long as short
BloFin MU-USDT	+0.0151%	8h	1,052.4	+0.033%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.4	+0.032%	$538K	$271K	15x	as long as short