Funding you earn now, next payment 10:00 UTC−0.0003%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.014%
Price spread now: Lighter against Arcus+0.048%7-day average +0.019% · 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−$10as in the Price arb table
costs, in and out, $10k−$130.132% of the position
Funding, last 4 days (all we have)−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.048%, 7d avg +0.019%
=Together, before fees−0.177%+ Points / potential airdropLighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.030% dearer against Arcus than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus MU-USD | 1,033 | 0.0139 | pay 0.0017% / 1h | 17m 10s | $90K | $148K | 10x |
| Short | Lighter MU | 1,033.5 | 0.0136 | get 0.0017% / 1h | 17m 10s | $1.0M | $5.0M | 20x |
Arcus MU-USD
Lighter MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Arcus. 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
- −$0.7
- Price spread: +0.048% → +0.019%
- $2.99
- Slippage, 4 orders
- −$8.66
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$10.87
- Costs to cover
- 0.132%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 34 min ago; Lighter: live order book, 4 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 Arcus live order book, 34 min ago | 2.23 bp | 5.5 bp −$6 | 8.9 bp −$89 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.29 bp | 0.3 bp $0 | 0.4 bp −$4 | 18.4 bp −$1,843 | doesn't fit |
MU on 37 exchanges
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 | −0.0255% | 4h | 1,033 | +0.006% | $1.3M | $695K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,033.8 | +0.083% | $21.1M | $72.4M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,033.6 | +0.065% | $120.7M | $550.2M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,033.9 | +0.092% | $29.4M | $106.3M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,033.2 | +0.019% | $61.5M | $28.0M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,033.6 | +0.060% | $19.7M | $42.8M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,033.1 | +0.014% | $2.6M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,033.5 | +0.048% | $187K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,035.6 | +0.253% | $11K | $5.1M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,033 | +0.003% | $44K | $698K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,033.2 | +0.022% | $119K | $475K | 50x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,033.3 | +0.035% | $1.1M | $4.5M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0032% | 1h | 1,033.3 | +0.031% | $3K | $42K | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.780% | $19K | $5K | 12x | as long as short |
| Bybit MUUSDT | +0.0041% | 8h | 1,033.6 | +0.063% | $18.8M | $32.4M | 100x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,034.1 | +0.106% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,033.2 | +0.022% | $167K | $178K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,033.3 | +0.027% | $678K | $13K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,033.1 | +0.016% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0059% | 1h | 1,033.6 | +0.063% | $7.0M | $19.0M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0066% | 8h | 1,033.9 | +0.087% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,033.1 | +0.011% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,033.7 | +0.072% | $146K | $223K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,033.2 | +0.022% | $5.2M | $5.6M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,033.6 | +0.056% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,033.3 | +0.034% | $821 | $799 | 20x | as long as short |
| RISEx MU/USDC | +0.0107% | 1h | 1,033.7 | +0.074% | $295K | $350K | 20x | as long as short |
| GRVT MU_USDT_Perp | +0.0115% | 8h | 1,033.5 | +0.052% | $76K | $1.4M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,033.7 | +0.070% | $1.4M | $2.5M | 20x | as long as short |
| Nado MU-PERP | +0.0123% | 1h | 1,033.4 | +0.040% | $269K | $840K | 10x | as long as short |
| Lighter MUshort | +0.0136% | 1h | 1,033.5 | +0.048% | $1.0M | $5.0M | 20x | |
| Arcus MU-USDlong | +0.0139% | 1h | 1,033 | long leg | $90K | $148K | 10x | |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,033.5 | +0.051% | $732K | $1.2M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0178% | 1h | 1,033.1 | +0.013% | $175.0M | $75.6M | 10x | as long as short |
| Bullet MU-USD | +0.0212% | 1h | 1,033.7 | +0.071% | $25K | $386K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0264% | 1h | 1,032.9 | −0.003% | $549K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0310% | 1h | 1,033.4 | +0.042% | $529K | $269K | 15x | as long as short |
HTX MU-USDT
Lighter RH MU
Aftermath Perps MUUSD
Injective MU/USDC PERP
Bybit MUUSDT
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Paradex MU-USD-PERP
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
RISEx MU/USDC
GRVT MU_USDT_Perp
BloFin MU-USDT
Nado MU-PERP
Coinbase International MU-PERP-INTX
tradeXYZ xyz:MU
Bullet MU-USD
Extended MU_24_5-USD
Phoenix MU