Funding you earn now, next payment 03:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.020%
Price spread now: Lighter RH against Binance−0.005%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$150.149% of the position
Funding, last 7 days−0.108%−$11 on $10k
+Price spread, last 7 days−0.022%−$2 · spread now −0.005%, 7d avg −0.054%
=Together, before fees−0.130%+ Points / potential airdropLighter RH: Points live · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.049% dearer against Binance than usual: you sell high and buy low (spread −0.005% now, against its 7-day average of −0.054%): +$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 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MUUSDT | 1,052.4 | 0.0104 | pay 0.0104% / 8h | 5h 05m | $126.7M | $518.1M | 50x |
| Short | Lighter RH MU | 1,052.3 | 0.0032 | get 0.0004% / 1h | 5m 39s | $1.3M | $4.5M | 10x |
Binance MUUSDT
Lighter RH MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Binance. 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
- −$15.16
- Price spread: −0.005% → −0.054%
- $4.92
- Slippage, 4 orders
- −$4.87
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$25.11
- Costs to cover
- 0.149%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; Lighter RH: live order book, 3 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, 8 min ago | 0.05 bp | 5.0 bp −$5 | 6.4 bp −$64 | 15.5 bp −$1,553 | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 1.66 bp | 1.9 bp −$2 | 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 | −0.0083% | 4h | 1,052 | −0.034% | $1.3M | $671K | 10x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,052.5 | +0.015% | $334K | $348K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,052.2 | −0.015% | $62.0M | $27.6M | 75x | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,052.3 | −0.007% | $78K | $1.3M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,052 | −0.037% | $190K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,054.2 | +0.171% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,052.1 | −0.027% | $130K | $430K | 50x | as long as short |
| Bybit MUUSDT | +0.0010% | 8h | 1,052.7 | +0.033% | $19.2M | $32.3M | 100x | as long as short |
| OKX MU-USDT-SWAP | +0.0017% | 8h | 1,052.5 | +0.007% | $31.1M | $99.9M | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0018% | 1h | 1,051.9 | −0.044% | $3K | $44K | 10x | as long as short |
edgeX MUUSDC
RISEx MU/USDC
Gate MU_USDT
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Bybit MUUSDT
OKX MU-USDT-SWAP
Aftermath Perps MUUSDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX MU-USD | +0.0030% | 1h | 1,052.2 | −0.021% | $7.2M | $18.1M | 10x | as long as short |
| Lighter RH MUshort | +0.0032% | 1h | 1,052.3 | −0.005% | $1.3M | $4.5M | 10x | |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.098% | $19K | $5K | 12x | as long as short |
| Aster MUUSD1 | +0.0036% | 8h | 1,052.3 | −0.012% | $21.4M | $54.9M | 20x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,051.9 | −0.052% | $71K | $234K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,053.3 | +0.089% | — | $175K | 25x | as long as short |
| Nado MU-PERP | +0.0048% | 1h | 1,051.9 | −0.049% | $282K | $844K | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,052.1 | −0.028% | $171K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,052.2 | −0.020% | $691K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,051.5 | −0.083% | $1.9M | $2.3M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0054% | 8h | 1,052.5 | +0.015% | $2K | — | 5x | as long as short |
| Lighter MU | +0.0056% | 1h | 1,052.4 | +0.001% | $1.1M | $5.1M | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0064% | 1h | 1,052.2 | −0.018% | $178.6M | $98.9M | 10x | as long as short |
| Bullet MU-USD | +0.0065% | 1h | 1,052.4 | −0.003% | $26K | $398K | 10x | as long as short |
| Variational Omni MU | +0.0071% | 8h | 1,052.2 | −0.019% | $2.7M | $2.4M | — | as long as short |
| Extended MU_24_5-USD | +0.0072% | 1h | 1,051.6 | −0.076% | $564K | $1.1M | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,051.9 | −0.043% | $758K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,052.5 | +0.005% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,052 | −0.035% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,051.8 | −0.054% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,052.2 | −0.021% | $836 | $799 | 20x | as long as short |
| Aevo MU-PERP | +0.0104% | 1h | 1,051.9 | −0.046% | $32K | $1K | 10x | as long as short |
| Binance MUUSDTlong | +0.0104% | 8h | 1,052.4 | long leg | $126.7M | $518.1M | 50x | |
| Bitget MUUSDT | +0.0135% | 8h | 1,052.4 | −0.004% | $20.6M | $41.0M | 50x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0140% | 1h | 1,052 | −0.035% | $69K | $390K | 10x | as long as short |
| BloFin MU-USDT | +0.0227% | 8h | 1,052.2 | −0.019% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0229% | 1h | 1,052.7 | +0.029% | $538K | $271K | 15x | as long as short |
QFEX MU-USD
Injective MU/USDC PERP
Aster MUUSD1
Arcus MU-USD
Vest MU-USD-PERP
Nado MU-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Lighter MU
tradeXYZ xyz:MU
Bullet MU-USD
Variational Omni MU
Extended MU_24_5-USD
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aevo MU-PERP
Bitget MUUSDT
Deribit MU_USDC-PERPETUAL
BloFin MU-USDT
Phoenix MU