Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h −0.009%
Price spread now: Pacifica against Nado+0.010%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$300.299% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.012%+$1 on $10k
Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.010%, 7d avg −0.022%
Together, before fees−0.135%+ Points / potential airdropNado: Active · Pacifica: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.032% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado MU-PERP1,041.80.0004pay 0.0001% / 1h46m 54s$281K$820K10x
ShortPacifica MU1,041.90.0100get 0.0013% / 1h46m 54s$147K$186K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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

Funding earned
$20.12
Price spread: +0.010% → −0.022%
$3.23
Slippage, 4 orders
−$14.91
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$6.57
Costs to cover
0.299%
Break-even
9.3 days
Slippage from Nado: live order book, 1 min ago; Pacifica: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 1 min ago0.05 bp6.5 bp −$719.0 bp −$190doesn't fitdoesn't fit
Sell Pacifica live order book, 1 min ago2.98 bp10.6 bp −$11doesn't fitdoesn't fitdoesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0861%4h1,043.3+0.140%$1.3M$673K10xas long as short
Aster MUUSD10.0000%8h1,042.6+0.073%$21.2M$57.2M20xas long as short
Binance MUUSDT0.0000%8h1,042.3+0.041%$122.9M$525.6M50xas long as short
Bybit MUUSDT0.0000%8h1,042.4+0.052%$18.6M$32.0M100xas long as short
OKX MU-USDT-SWAP0.0000%8h1,042.3+0.049%$30.4M$99.8M50xas long as short
RISEx MU/USDC0.0000%1h1,042.3+0.042%$336K$354K20xas long as short
Gate MU_USDT0.0000%8h1,042.1+0.027%$61.9M$27.9M75xas long as short
Bitget MUUSDT0.0000%8h1,042.3+0.049%$20.4M$41.1M50xas long as short
Variational Omni MU0.0000%8h1,043.4+0.152%$2.7M$2.4Mas long as short
GRVT MU_USDT_Perp0.0000%8h1,043.6+0.172%$83K$1.4M10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX MU-USD0.0000%1h1,042.7+0.084%$188K$3.5M20xas long as short
SunX MU-USDT0.0000%8h1,043.3+0.145%$11K$5.7M10xas long as short
Deribit MU_USDC-PERPETUAL0.0000%1h1,041.5−0.027%$73K$502K10xas long as short
HTX MU-USDT0.0000%8h1,041.5−0.032%$128K$440K50xas long as short
Nado MU-PERPlong+0.0004%1h1,041.8long leg$281K$820K10x
Bullet MU-USD+0.0011%1h1,041.9+0.007%$26K$392K10xas long as short
Aftermath Perps MUUSD+0.0019%1h1,042.3+0.050%$3K$44K10xas long as short
QFEX MU-USD+0.0023%1h1,041.8+0.001%$7.0M$18.0M10xas long as short
Lighter RH MU+0.0032%1h1,042+0.012%$1.2M$4.4M10xas long as short
Extended MU_24_5-USD+0.0032%1h1,041.7−0.015%$546K$1.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4+0.915%$19K$5K12xas long as short
Arcus MU-USD+0.0040%1h1,042.6+0.070%$70K$232K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,042.5+0.064%$176K25xas long as short
tradeXYZ xyz:MU+0.0050%1h1,041.8−0.002%$177.0M$93.6M10xas long as short
Polymarket Perps MU-USD+0.0050%1h1,041.7−0.012%$169K$203K10xas long as short
SoDEX MU-USD+0.0050%1h1,042+0.016%$684K$15K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,041.6−0.021%$1.9M$2.3M10xas long as short
Paradex MU-USD-PERP+0.0051%8h1,042.1+0.024%$2K5xas long as short
Aevo MU-PERP+0.0080%1h1,041.4−0.037%$32K$1K10xas long as short
Pacifica MUshort+0.0100%1h1,041.9+0.010%$147K$186K10x
KuCoin MUUSDTM+0.0100%8h1,041.9+0.006%$5.2M$3.4M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,043.3+0.139%$71K$269K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,041.9+0.003%$828$79920xas long as short
Lighter MU+0.0112%1h1,042.1+0.025%$1.1M$4.9M20xas long as short
BloFin MU-USDT+0.0120%8h1,041.8−0.007%$1.5M$2.0M20xas long as short
Coinbase International MU-PERP-INTX+0.0144%1h1,043.3+0.144%$745K$1.2M10xas long as short
Phoenix MU+0.0231%1h1,043.3+0.142%$534K$270K15xas long as short