Funding you earn now, next payment 07:00 UTC+0.0061%/8h= +6.7% APRnext payment +$0.08 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter against Bullet+0.069%7-day average −0.028% · 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−$5as in the Price arb table
costs, in and out, $10k−$140.143% of the position
Funding, last 3 days (all we have)−0.093%−$9 on $10k
+Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.069%, 7d avg −0.028%
=Together, before fees−0.191%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.097% dearer against Bullet than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.028%. Mind the row above: over the last 3 days funding on this pair cost −0.093%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet MU-USD | 1,037.7 | 0.0019 | pay 0.0002% / 1h | 50m 39s | $26K | $390K | 10x |
| Short | Lighter MU | 1,038.4 | 0.0080 | get 0.0010% / 1h | 50m 39s | $1.1M | $4.9M | 20x |
Bullet MU-USD
Lighter MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bullet. 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
- $12.83
- Price spread: +0.069% → −0.028%
- $9.75
- Slippage, 4 orders
- −$6.34
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $8.23
- Costs to cover
- 0.143%
- Break-even
- 2.5 days
Slippage from Bullet: live order book, 58 min ago; Lighter: live order book, 7 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 Bullet live order book, 58 min ago | 0.96 bp | 6.4 bp −$6 | 19.8 bp −$198 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.10 bp | 0.3 bp $0 | 1.8 bp −$18 | 39.9 bp −$3,992 | 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 | −0.0643% | 4h | 1,038 | +0.034% | $1.3M | $672K | 10x | as long as short |
| Bitget MUUSDT | −0.0096% | 8h | 1,038.7 | +0.100% | $20.3M | $41.4M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,038.6 | +0.095% | $21.1M | $57.5M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,038.6 | +0.095% | $121.8M | $537.0M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,038.7 | +0.097% | $18.6M | $32.2M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,038.5 | +0.077% | $29.9M | $101.5M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,038.6 | +0.088% | $315K | $384K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,038.3 | +0.059% | $61.4M | $28.3M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,037.8 | +0.010% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,038.3 | +0.063% | $84K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,037.5 | −0.016% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,039 | +0.125% | $11K | $5.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,037.4 | −0.021% | $128K | $441K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0019% | 1h | 1,038.2 | +0.049% | $3K | $44K | 10x | as long as short |
| Bullet MU-USDlong | +0.0019% | 1h | 1,037.7 | long leg | $26K | $390K | 10x | |
| Nado MU-PERP | +0.0022% | 1h | 1,037.1 | −0.057% | $276K | $816K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,038 | +0.030% | $1.2M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,038 | +0.032% | $544K | $1.1M | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,038.5 | +0.077% | $7.0M | $18.4M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.320% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,037.8 | +0.010% | $70K | $230K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,037.3 | −0.031% | — | $175K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,038 | +0.033% | $176.5M | $89.2M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,037.3 | −0.035% | $168K | $196K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,037.3 | −0.036% | $681K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,037.1 | −0.059% | $1.9M | $2.6M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0053% | 8h | 1,038.7 | +0.096% | $2K | — | 5x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0068% | 1h | 1,037.5 | −0.018% | $74K | $545K | 10x | as long as short |
| Lighter MUshort | +0.0080% | 1h | 1,038.4 | +0.069% | $1.1M | $4.9M | 20x | |
| Aevo MU-PERP | +0.0080% | 1h | 1,037.3 | −0.036% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,038.2 | +0.047% | $147K | $190K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,038 | +0.032% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,037.7 | +0.005% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,037.5 | −0.019% | $825 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0104% | 1h | 1,037.6 | −0.008% | $732K | $1.3M | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,038 | +0.034% | $1.5M | $2.1M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,037.4 | −0.025% | $531K | $270K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Nado MU-PERP
Lighter RH MU
Extended MU_24_5-USD
QFEX MU-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Deribit MU_USDC-PERPETUAL
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
BloFin MU-USDT
Phoenix MU