Funding you earn now, next payment 01:00 UTC−0.0318%/8h= −34.8% APRpaid last 24h −0.036%
Price spread now: Lighter against BloFin+0.001%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$160.164% of the position
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 3 days (all we have)+0.008%+$1 · spread now +0.001%, 7d avg −0.030%
=Together, before fees−0.153%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.031% dearer against BloFin than usual: you sell high and buy low (spread +0.001% now, against its 7-day average of −0.030%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.160% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.160% in total (about -8.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MU-USDT | 1,052.6 | 0.0350 | pay 0.0350% / 8h | 7h 27m | $1.5M | $2.0M | 20x |
| Short | Lighter MU | 1,052.7 | 0.0032 | get 0.0004% / 1h | 27m 14s | $1.1M | $4.8M | 20x |
BloFin MU-USDT
Lighter MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$66.77
- Price spread: +0.001% → −0.030%
- $3.06
- Slippage, 4 orders
- −$4.36
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$80.07
- Costs to cover
- 0.164%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 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 BloFin live order book, 6 min ago | 0.05 bp | 7.6 bp −$8 | 8.0 bp −$80 | 15.6 bp −$1,562 | doesn't fit |
| Sell Lighter live order book, 6 min ago | 1.00 bp | 1.5 bp −$2 | 2.3 bp −$23 | 20.8 bp −$2,080 | 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 | −0.0560% | 4h | 1,050.4 | −0.208% | $1.3M | $671K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,052.7 | +0.009% | $62.9M | $28.9M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,051.1 | −0.142% | $190K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,054.3 | +0.160% | $11K | $6.2M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,052.4 | −0.027% | $130K | $425K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0022% | 1h | 1,050 | −0.253% | $3K | $45K | 10x | as long as short |
| Lighter MUshort | +0.0032% | 1h | 1,052.7 | +0.001% | $1.1M | $4.8M | 20x | |
| Lighter RH MU | +0.0032% | 1h | 1,052.5 | −0.015% | $1.2M | $4.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.122% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,053.2 | +0.056% | — | $179K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,052.6 | −0.004% | $171K | $203K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,051.8 | −0.084% | $1.9M | $2.3M | 10x | as long as short |
| QFEX MU-USD | +0.0054% | 1h | 1,052.5 | −0.017% | $7.8M | $22.4M | 10x | as long as short |
| Nado MU-PERP | +0.0079% | 1h | 1,051.8 | −0.079% | $276K | $858K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0093% | 8h | 1,052.5 | −0.014% | $2K | — | 5x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,052.6 | −0.002% | $148K | $186K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,051.9 | −0.075% | $5.3M | $3.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,052.1 | −0.047% | $71K | $267K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,052.9 | +0.020% | $837 | $799 | 20x | as long as short |
| OKX MU-USDT-SWAP | +0.0102% | 8h | 1,052.8 | +0.017% | $31.0M | $102.1M | 50x | as long as short |
| Aevo MU-PERP | +0.0136% | 1h | 1,052.5 | −0.018% | $32K | $1K | 10x | as long as short |
| SoDEX MU-USD | +0.0160% | 1h | 1,052.6 | −0.005% | $691K | $16K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,048.4 | −0.407% | $759K | $1.2M | 10x | as long as short |
| Variational Omni MU | +0.0211% | 8h | 1,049.7 | −0.281% | $2.7M | $2.4M | — | as long as short |
| Aster MUUSD1 | +0.0227% | 8h | 1,051.8 | −0.081% | $21.6M | $48.4M | 20x | as long as short |
| Bybit MUUSDT | +0.0228% | 8h | 1,053.1 | +0.047% | $19.5M | $32.7M | 100x | as long as short |
| Binance MUUSDT | +0.0230% | 8h | 1,052.7 | +0.005% | $126.3M | $524.0M | 50x | as long as short |
| Bullet MU-USD | +0.0231% | 1h | 1,052.8 | +0.015% | $25K | $396K | 10x | as long as short |
| Arcus MU-USD | +0.0240% | 1h | 1,050.7 | −0.184% | $71K | $243K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0263% | 1h | 1,052.6 | −0.009% | $64K | $304K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0268% | 1h | 1,052.4 | −0.023% | $178.7M | $101.3M | 10x | as long as short |
| RISEx MU/USDC | +0.0312% | 1h | 1,052.6 | −0.002% | $316K | $339K | 20x | as long as short |
| BloFin MU-USDTlong | +0.0350% | 8h | 1,052.6 | long leg | $1.5M | $2.0M | 20x | |
| Bitget MUUSDT | +0.0353% | 8h | 1,052.8 | +0.019% | $20.7M | $41.6M | 50x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,050.2 | −0.232% | $537K | $306K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0408% | 1h | 1,051.9 | −0.066% | $572K | $1.2M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0484% | 8h | 1,049.6 | −0.292% | $83K | $1.3M | 10x | as long as short |
Polymarket Perps MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Nado MU-PERP
Paradex MU-USD-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
OKX MU-USDT-SWAP
Aevo MU-PERP
SoDEX MU-USD
Coinbase International MU-PERP-INTX
Variational Omni MU
Aster MUUSD1
Bybit MUUSDT
Binance MUUSDT
Bullet MU-USD
Arcus MU-USD
Deribit MU_USDC-PERPETUAL
tradeXYZ xyz:MU
RISEx MU/USDC
Bitget MUUSDT
Phoenix MU
Extended MU_24_5-USD
GRVT MU_USDT_Perp