Funding you earn now, next payment 05:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h +0.016%
Price spread now: Nado against Paradex−0.036%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · Nado: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.036% cheaper against Paradex than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MU-USD-PERP | 1,043.2 | 0.0050 | pay 0.0050% / 8h | 3h 05m | $2K | — | 5x |
| Short | Nado MU-PERP | 1,042.8 | 0.0031 | get 0.0004% / 1h | 5m 36s | $281K | $824K | 10x |
Paradex MU-USD-PERP
Nado MU-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Paradex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.08
- Price spread: −0.036% → 0.000%
- −$3.64
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$18.73
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Nado: live order book, 48 min ago. 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 48 min ago | 0.05 bp | 5.2 bp −$5 | 17.1 bp −$171 | doesn't fit | doesn't fit |
Paradex: 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 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 | −0.0615% | 4h | 1,042.3 | −0.078% | $1.3M | $672K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,043.3 | +0.015% | $21.2M | $56.8M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,042.7 | −0.046% | $123.2M | $525.3M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,042.8 | −0.034% | $18.6M | $31.9M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,042.7 | −0.043% | $30.7M | $99.7M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,042.8 | −0.035% | $337K | $353K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,042.8 | −0.032% | $61.9M | $28.1M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,042.9 | −0.023% | $20.5M | $41.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,043.3 | +0.014% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,042.3 | −0.083% | $83K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,041.8 | −0.129% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,045.4 | +0.214% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,042.9 | −0.023% | $129K | $435K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0023% | 1h | 1,042.9 | −0.025% | $3K | $44K | 10x | as long as short |
| Nado MU-PERPshort | +0.0031% | 1h | 1,042.8 | −0.036% | $281K | $824K | 10x | |
| QFEX MU-USD | +0.0032% | 1h | 1,042.7 | −0.046% | $7.0M | $18.0M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,042.8 | −0.033% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,042.6 | −0.051% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,042.2 | −0.095% | $555K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.787% | $19K | $5K | 12x | as long as short |
| Bullet MU-USD | +0.0037% | 1h | 1,043.6 | +0.043% | $26K | $392K | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,042.7 | −0.046% | $70K | $232K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,043.3 | +0.016% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,042.7 | −0.044% | $177.3M | $94.9M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,043.3 | +0.014% | $169K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,043 | −0.015% | $684K | $16K | 10x | as long as short |
| Paradex MU-USD-PERPlong | +0.0050% | 8h | 1,043.2 | long leg | $2K | — | 5x | |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,042 | −0.108% | $1.9M | $2.3M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,043 | −0.018% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,042.8 | −0.035% | $147K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,042.5 | −0.065% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,042.1 | −0.099% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,043.4 | +0.024% | $830 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,044.6 | +0.139% | $749K | $1.2M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,042.5 | −0.068% | $1.5M | $2.0M | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0201% | 1h | 1,043.5 | +0.033% | $73K | $490K | 10x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,042.6 | −0.053% | $533K | $271K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Bullet MU-USD
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Deribit MU_USDC-PERPETUAL
Phoenix MU