Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0283%/8h= −31.0% APRpaid last 24h −0.055%

Price spread now: Lighter RH against BloFin+0.089%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$160.158% of the position

Long on BloFin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.351%−$35 on $10k

Price spread, last 3 days (all we have)−0.090%−$9 · spread now +0.089%, 7d avg −0.036%

Together, before fees−0.441%+ Points / potential airdropLighter RH: Points live · farm board−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.125% dearer against BloFin than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of −0.036%): +$12 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MU-USDT	1,050.8	0.0315	pay 0.0315% / 8h	7h 48m	$1.5M	$2.1M	20x
Short	Lighter RH MU	1,051.7	0.0032	get 0.0004% / 1h	48m 40s	$1.2M	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against BloFin. 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 BloFinbpFee Lighter RHbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$59.4
Price spread: +0.089% → −0.036%: $12.5
Slippage, 4 orders: −$3.78
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$62.68
Costs to cover: 0.158%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Lighter RH: live order book, 5 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, 4 min ago	0.05 bp	6.0 bp −$6	7.7 bp −$77	13.1 bp −$1,311	doesn't fit
Sell Lighter RH live order book, 5 min ago	0.05 bp	0.7 bp −$1	5.3 bp −$53	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	−0.0156%	4h	1,048.4	−0.230%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.5	+0.069%	$63.3M	$28.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049	−0.174%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.9	+0.107%	$11K	$6.3M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.8	+0.001%	$130K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,048.1	−0.253%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,051.8	+0.094%	$1.1M	$4.7M	20x	as long as short
Lighter RH MUshort	+0.0032%	1h	1,051.7	+0.089%	$1.2M	$4.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	−0.007%	$14K	$251	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.9	+0.015%	—	$195K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.4	+0.063%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,050.1	−0.061%	$7.8M	$23.3M	10x	as long as short
Nado MU-PERP	+0.0061%	1h	1,049.8	−0.092%	$272K	$859K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0064%	1h	1,050.4	−0.036%	$63K	$294K	10x	as long as short
OKX MU-USDT-SWAP	+0.0094%	8h	1,052.2	+0.139%	$30.9M	$102.0M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,052	+0.116%	$152K	$177K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.8	0.000%	$5.3M	$3.7M	20x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.1	−0.069%	$835	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0103%	8h	1,052.3	+0.143%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,050.2	−0.054%	$32K	$1K	10x	as long as short
Bybit MUUSDT	+0.0154%	8h	1,052.4	+0.153%	$19.2M	$32.5M	100x	as long as short
Variational Omni MU	+0.0177%	8h	1,049.9	−0.082%	$2.7M	$2.4M	—	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,049.5	−0.121%	$760K	$1.3M	10x	as long as short
Aster MUUSD1	+0.0192%	8h	1,050.6	−0.014%	$21.6M	$47.8M	20x	as long as short
Binance MUUSDT	+0.0198%	8h	1,052.1	+0.122%	$126.1M	$526.0M	50x	as long as short
Bitget MUUSDT	+0.0221%	8h	1,052.1	+0.122%	$20.7M	$41.6M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,049.5	−0.121%	$71K	$242K	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,050.4	−0.034%	$316K	$339K	20x	as long as short
Polymarket Perps MU-USD	+0.0314%	1h	1,050.4	−0.036%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0314%	1h	1,050.5	−0.025%	$689K	$16K	10x	as long as short
BloFin MU-USDTlong	+0.0315%	8h	1,050.8	long leg	$1.5M	$2.1M	20x
Phoenix MU	+0.0383%	1h	1,050.3	−0.046%	$537K	$306K	15x	as long as short
ApeX Omni MUUSDT	+0.0518%	1h	1,049.3	−0.140%	$71K	$267K	50x	as long as short
GRVT MU_USDT_Perp	+0.0533%	8h	1,048.8	−0.192%	$83K	$1.4M	10x	as long as short
Bullet MU-USD	+0.0543%	1h	1,050.6	−0.014%	$26K	$394K	10x	as long as short
Extended MU_24_5-USD	+0.0544%	1h	1,051.5	+0.065%	$556K	$1.1M	10x	as long as short
tradeXYZ xyz:MU	+0.0554%	1h	1,051.8	+0.097%	$178.4M	$101.5M	10x	as long as short