MU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.026%

Price spread now: Ondo Perps against Nado−0.033%7-day average −0.069% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days−0.403%−$40 · spread now −0.033%, 7d avg −0.069%

Together, before fees−0.400%+ Points / potential airdropNado: Active · Ondo Perps: Active · farm board−$40 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.036% dearer against Nado than usual: you sell high and buy low (spread −0.033% now, against its 7-day average of −0.069%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MU-PERP	1,050.1	0.0112	pay 0.0014% / 1h	50m 20s	$280K	$850K	10x
Short	Ondo Perps MU-USD.P	1,049.7	0.0050	get 0.0006% / 1h	50m 20s	$1.9M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$13.03
Price spread: −0.033% → −0.069%: $3.62
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$21.42
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 13 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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	6.2 bp −$6	15.9 bp −$159	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MU on 36 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	−0.0504%	4h	1,050.4	+0.034%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.8	+0.071%	$333K	$349K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.3	+0.021%	$62.1M	$27.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050	−0.008%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052	+0.186%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.1	+0.002%	$129K	$427K	50x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,050.3	+0.024%	$3K	$44K	10x	as long as short
GRVT MU_USDT_Perp	+0.0021%	8h	1,050.7	+0.061%	$79K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0024%	8h	1,050.5	+0.041%	$19.2M	$32.4M	100x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.4	+0.036%	$7.2M	$18.5M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,050.3	+0.021%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.124%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.5	−0.052%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.3	+0.022%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAP	+0.0042%	8h	1,050.5	+0.039%	$31.0M	$100.1M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.2	+0.105%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.1	+0.004%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.2	+0.010%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.Pshort	+0.0050%	1h	1,049.7	−0.033%	$1.9M	$2.3M	10x
Paradex MU-USD-PERP	+0.0060%	8h	1,050.7	+0.060%	$2K	—	5x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0093%	1h	1,050.3	+0.021%	$66K	$355K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.011%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.4	+0.029%	$149K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.5	+0.040%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.071%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.3	+0.027%	$835	$799	20x	as long as short
Aster MUUSD1	+0.0111%	8h	1,050.3	+0.021%	$21.5M	$52.1M	20x	as long as short
Lighter MU	+0.0112%	1h	1,050.5	+0.045%	$1.1M	$4.8M	20x	as long as short
Nado MU-PERPlong	+0.0112%	1h	1,050.1	long leg	$280K	$850K	10x
Aevo MU-PERP	+0.0120%	1h	1,050	−0.005%	$32K	$1K	10x	as long as short
tradeXYZ xyz:MU	+0.0136%	1h	1,050	−0.006%	$178.2M	$99.2M	10x	as long as short
Variational Omni MU	+0.0144%	8h	1,050.4	+0.036%	$2.7M	$2.3M	—	as long as short
Bullet MU-USD	+0.0159%	1h	1,050.3	+0.027%	$26K	$397K	10x	as long as short
Binance MUUSDT	+0.0166%	8h	1,050.3	+0.027%	$126.5M	$520.0M	50x	as long as short
Bitget MUUSDT	+0.0170%	8h	1,050.2	+0.013%	$20.6M	$41.2M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.7	+0.061%	$537K	$271K	15x	as long as short