Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.009%

Price spread now: Lighter against Binance−0.018%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$120.118% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 2 days (all we have)−0.017%−$2 · spread now −0.018%, 7d avg −0.014%

Together, before fees+0.060%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MUUSDT	1,043.5	0.0161	pay 0.0161% / 8h	1h 16m	$124.7M	$535.7M	50x
Short	Lighter MU	1,043.3	0.0200	get 0.0025% / 1h	16m 45s	$998K	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now −0.018%Rate

Funding earned: $8.22
Price spread: −0.018% → −0.014%: −$0.33
Slippage, 4 orders: −$1.8
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$3.9
Costs to cover: 0.118%
Break-even: 10.3 days

Slippage from Binance: live order book, 12 min ago; Lighter: live order book, 6 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 Binance live order book, 12 min ago	0.05 bp	5.3 bp −$5	6.6 bp −$66	16.7 bp −$1,667	doesn't fit
Sell Lighter live order book, 6 min ago	0.34 bp	0.6 bp −$1	1.1 bp −$11	15.5 bp −$1,550	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	−0.0865%	4h	1,044.1	+0.058%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.3	−0.019%	$62.9M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,043	−0.047%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,045.6	+0.205%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.2	−0.025%	$125K	$442K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.1	−0.033%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.695%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0033%	1h	1,043.5	+0.004%	$3K	$45K	10x	as long as short
OKX MU-USDT-SWAP	+0.0039%	8h	1,043.4	−0.010%	$30.8M	$104.8M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,042.8	−0.062%	—	$194K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,043.1	−0.034%	$165K	$197K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,043.3	−0.020%	$685K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042.3	−0.111%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0071%	1h	1,043.3	−0.016%	$7.8M	$24.1M	10x	as long as short
Aster MUUSD1	+0.0090%	8h	1,044	+0.053%	$21.5M	$47.4M	20x	as long as short
Pacifica MU	+0.0100%	1h	1,043.4	−0.004%	$154K	$181K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.1	−0.032%	$5.2M	$4.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.5	+0.003%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.5	+0.006%	$830	$799	20x	as long as short
Bitget MUUSDT	+0.0104%	8h	1,043.3	−0.013%	$20.4M	$43.0M	50x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,043.2	−0.024%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0135%	8h	1,043.1	−0.033%	$2K	—	5x	as long as short
Variational Omni MU	+0.0141%	8h	1,044	+0.053%	$2.6M	$2.6M	—	as long as short
Binance MUUSDTlong	+0.0161%	8h	1,043.5	long leg	$124.7M	$535.7M	50x
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,043.2	−0.021%	$755K	$1.4M	10x	as long as short
Lighter MUshort	+0.0200%	1h	1,043.3	−0.018%	$998K	$4.8M	20x
GRVT MU_USDT_Perp	+0.0218%	8h	1,044	+0.056%	$77K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0219%	1h	1,042.4	−0.100%	$273K	$874K	10x	as long as short
Bybit MUUSDT	+0.0246%	8h	1,043.6	+0.011%	$19.2M	$32.7M	100x	as long as short
Bullet MU-USD	+0.0277%	1h	1,043.5	+0.004%	$27K	$396K	10x	as long as short
BloFin MU-USDT	+0.0281%	8h	1,043.6	+0.011%	$1.4M	$2.0M	20x	as long as short
tradeXYZ xyz:MU	+0.0324%	1h	1,043.2	−0.024%	$176.2M	$106.7M	10x	as long as short
Phoenix MU	+0.0383%	1h	1,044.2	+0.071%	$534K	$306K	15x	as long as short
Arcus MU-USD	+0.0435%	1h	1,043	−0.045%	$73K	$241K	10x	as long as short
RISEx MU/USDC	+0.0499%	1h	1,043.7	+0.027%	$295K	$338K	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0633%	1h	1,043.2	−0.021%	$61K	$247K	10x	as long as short
Extended MU_24_5-USD	+0.0688%	1h	1,042.3	−0.109%	$547K	$1.1M	10x	as long as short