Funding you earn now, next payment 05:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h 0.000%
Price spread now: Lighter against ApeX Omni+0.026%48s7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.416% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.026%, 7d avg −0.019%
=Together, before fees−0.001%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.045% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.019%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.050%, so the current rate has only just turned against you. The two prices were read 48 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 | ApeX Omni MUUSDT | 1,044 | 0.0100 | pay 0.0013% / 1h | 20m 27s | $71K | $269K | 50x |
| Short | Lighter MU | 1,044.3 | 0.0032 | get 0.0004% / 1h | 20m 27s | $1.1M | $5.1M | 20x |
ApeX Omni MUUSDT
Lighter MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. 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
- −$14.28
- Price spread: +0.026% → −0.019%
- $4.51
- Slippage, 4 orders
- −$31.59
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$51.36
- Costs to cover
- 0.416%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 32 min ago; Lighter: live order book, 7 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 ApeX Omni live order book, 32 min ago | 8.58 bp | 21.3 bp −$21 | 200.1 bp −$2,001 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.52 bp | 0.5 bp −$1 | 1.2 bp −$12 | 16.4 bp −$1,638 | 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 | −0.0096% | 4h | 1,044 | −0.003% | $1.3M | $672K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,043.9 | −0.007% | $21.2M | $56.6M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,043.7 | −0.029% | $123.9M | $522.4M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,043.9 | −0.007% | $18.7M | $31.8M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,044.2 | +0.014% | $30.9M | $99.5M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,044.2 | +0.015% | $337K | $353K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,044.2 | +0.013% | $61.9M | $27.9M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,044.4 | +0.033% | $20.5M | $41.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,045.1 | +0.100% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,045.6 | +0.154% | $79K | $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 | 1,045 | +0.093% | $189K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,047.5 | +0.334% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,044.8 | +0.074% | $130K | $435K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0023% | 1h | 1,044.6 | +0.056% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,043.9 | −0.015% | $7.0M | $18.0M | 10x | as long as short |
| Lighter MUshort | +0.0032% | 1h | 1,044.3 | +0.026% | $1.1M | $5.1M | 20x | |
| Lighter RH MU | +0.0032% | 1h | 1,044.4 | +0.035% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,043.5 | −0.045% | $548K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.704% | $19K | $5K | 12x | as long as short |
| Nado MU-PERP | +0.0037% | 1h | 1,044.5 | +0.044% | $281K | $828K | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,044.5 | +0.050% | $70K | $233K | 10x | as long as short |
| Bullet MU-USD | +0.0043% | 1h | 1,044 | +0.003% | $25K | $393K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,044.6 | +0.056% | — | $176K | 25x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0047% | 1h | 1,045 | +0.092% | $73K | $477K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,043.6 | −0.039% | $176.6M | $95.3M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,043.8 | −0.020% | $169K | $203K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,044.7 | +0.069% | $686K | $16K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0050% | 8h | 1,044.2 | +0.015% | $2K | — | 5x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,044.3 | +0.028% | $1.9M | $2.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,044.7 | +0.069% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,044.4 | +0.035% | $147K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,044 | −0.004% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDTlong | +0.0100% | 1h | 1,044 | long leg | $71K | $269K | 50x | |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,045 | +0.094% | $831 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,044.8 | +0.071% | $749K | $1.2M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,045.3 | +0.122% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,044.9 | +0.085% | $534K | $271K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Nado MU-PERP
Arcus MU-USD
Bullet MU-USD
Vest MU-USD-PERP
Deribit MU_USDC-PERPETUAL
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Paradex MU-USD-PERP
Ondo Perps MU-USD.P
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Phoenix MU