Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.031%

Price spread now: Nado against OKX+0.072%7-day average −0.023% · 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−$12as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on OKX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 7 days−0.166%−$17 · spread now +0.072%, 7d avg −0.023%

Together, before fees−0.190%+ Points / potential airdropNado: Active · farm board−$19 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 Nado is 0.096% dearer against OKX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MU-USDT-SWAP	1,041.5	0	get 0.0000% / 8h	3h 03m	$30.6M	$99.6M	50x
Short	Nado MU-PERP	1,042.3	0.0032	get 0.0004% / 1h	3m 16s	$281K	$823K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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 OKXbpFee NadobpOrdersPrice spread, now +0.072%Rate

Funding earned: $6.76
Price spread: +0.072% → −0.023%: $9.55
Slippage, 4 orders: −$4.3
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$4.99
Costs to cover: 0.213%
Break-even: 12.2 days

Slippage from OKX: live order book, 6 min ago; Nado: live order book, 50 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 OKX live order book, 6 min ago	0.05 bp	5.6 bp −$6	7.3 bp −$73	23.7 bp −$2,366	doesn't fit
Sell Nado live order book, 50 min ago	0.05 bp	5.2 bp −$5	17.1 bp −$171	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	−0.0412%	4h	1,042.8	+0.122%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,042.1	+0.055%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,041.6	+0.007%	$123.3M	$525.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,041.7	+0.022%	$18.6M	$31.9M	100x	as long as short
OKX MU-USDT-SWAPlong	0.0000%	8h	1,041.5	long leg	$30.6M	$99.6M	50x
RISEx MU/USDC	0.0000%	1h	1,041.7	+0.017%	$336K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,041.7	+0.014%	$61.9M	$28.1M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,041.8	+0.024%	$20.4M	$41.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,043.3	+0.173%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,043	+0.147%	$83K	$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	1,042.8	+0.122%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,043.2	+0.158%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043	+0.139%	$130K	$435K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,042.4	+0.089%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,041.8	+0.024%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,041.9	+0.034%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.4	+0.083%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,040.9	−0.053%	$553K	$1.1M	10x	as long as short
Nado MU-PERPshort	+0.0032%	1h	1,042.3	+0.072%	$281K	$823K	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.947%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0038%	1h	1,041.8	+0.026%	$25K	$392K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,042.6	+0.108%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,042.2	+0.070%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,041.3	−0.019%	$177.1M	$94.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,041.4	−0.010%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,041.8	+0.026%	$684K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,042.2	+0.064%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042	+0.051%	$1.9M	$2.3M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0077%	1h	1,041.4	−0.007%	$73K	$492K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,041.2	−0.033%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,042.2	+0.063%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,041.4	−0.007%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,042.3	+0.075%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,041.5	+0.004%	$828	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.6	+0.298%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,042.9	+0.135%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,043.1	+0.154%	$534K	$271K	15x	as long as short