MU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.029%

Price spread now: Lighter RH against Arcus+0.069%7-day average +0.012% · 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−$17as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on Arcus Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.126%−$13 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.069%, 7d avg +0.012%

Together, before fees−0.218%+ Points / potential airdropLighter RH: Points live · farm board−$22 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 RH is 0.057% dearer against Arcus than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MU-USD	1,037.7	0.0040	pay 0.0005% / 1h	16m 40s	$90K	$245K	10x
Short	Lighter RH MU	1,038.4	0.0032	get 0.0004% / 1h	16m 40s	$1.1M	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Arcus. 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 ArcusbpFee Lighter RHbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$1.74
Price spread: +0.069% → +0.012%: $5.71
Slippage, 4 orders: −$18.2
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$18.73
Costs to cover: 0.227%
Break-even: never at this rate

Slippage from Arcus: live order book, 22 min ago; Lighter RH: live order book, 2 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, 22 min ago	3.13 bp	8.3 bp −$8	13.9 bp −$139	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.20 bp	1.2 bp −$1	3.7 bp −$37	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	−0.0241%	4h	1,038.2	+0.042%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0171%	8h	1,038.6	+0.086%	$20.2M	$40.0M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.7	+0.095%	$21.2M	$66.4M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.5	+0.070%	$122.3M	$538.3M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.6	+0.083%	$18.8M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.3	+0.060%	$29.8M	$100.2M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.6	+0.089%	$313K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.4	+0.066%	$61.6M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.5	−0.017%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.3	+0.057%	$71K	$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	1,038.3	+0.057%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.8	+0.203%	$11K	$5.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.1	+0.033%	$74K	$616K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.1	+0.038%	$127K	$481K	50x	as long as short
Bullet MU-USD	+0.0009%	1h	1,038.4	+0.066%	$26K	$388K	10x	as long as short
Nado MU-PERP	+0.0015%	1h	1,038.3	+0.055%	$280K	$805K	10x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,037.5	−0.020%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038.3	+0.056%	$7.0M	$18.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,038.6	+0.084%	$1.0M	$4.9M	20x	as long as short
Lighter RH MUshort	+0.0032%	1h	1,038.4	+0.069%	$1.1M	$4.4M	10x
Extended MU_24_5-USD	+0.0032%	1h	1,038.1	+0.033%	$545K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.314%	$19K	$5K	12x	as long as short
Arcus MU-USDlong	+0.0040%	1h	1,037.7	long leg	$90K	$245K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,038.5	+0.074%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.3	+0.056%	$176.4M	$81.4M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.3	+0.056%	$169K	$186K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.3	+0.051%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.4	−0.032%	$1.9M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,038.4	+0.064%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.9	+0.020%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.3	+0.060%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.1	+0.038%	$145K	$192K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.3	+0.051%	$5.2M	$4.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	+0.070%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.4	+0.064%	$826	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.4	+0.061%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.7	+0.094%	$531K	$270K	15x	as long as short