Funding you earn now, next payment 09:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h −0.001%
Price spread now: Lighter against Bybit+0.054%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$180.184% of the position
Funding, last 7 days+0.109%+$11 on $10k
+Price spread, last 7 days−0.052%−$5 · spread now +0.054%, 7d avg −0.032%
=Together, before fees+0.057%+ Points / potential airdropLighter: Season 3 · farm board+$6 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 0.086% dearer against Bybit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MUUSDT | 1,025.8 | 0 | get 0.0000% / 8h | 7h 32m | $18.5M | $32.3M | 100x |
| Short | Lighter MU | 1,026.3 | 0.0056 | get 0.0007% / 1h | 32m 38s | $969K | $5.0M | 20x |
Bybit MUUSDT
Lighter MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- $11.76
- Price spread: +0.054% → −0.032%
- $8.59
- Slippage, 4 orders
- −$7.41
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $1.94
- Costs to cover
- 0.184%
- Break-even
- 5.8 days
Slippage from Bybit: live order book, 1 min ago; Lighter: 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 Bybit live order book, 1 min ago | 1.07 bp | 8.5 bp −$9 | 13.1 bp −$131 | 42.9 bp −$4,287 | doesn't fit |
| Sell Lighter live order book, 5 min ago | 0.49 bp | 0.5 bp −$1 | 1.7 bp −$17 | 16.6 bp −$1,659 | 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 | −0.0495% | 4h | 1,028.4 | +0.259% | $1.3M | $673K | 10x | as long as short |
| Bitget MUUSDT | −0.0047% | 8h | 1,026.3 | +0.052% | $19.8M | $40.5M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,027 | +0.122% | $21.0M | $68.9M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,026.3 | +0.051% | $121.6M | $546.2M | 50x | as long as short |
| Bybit MUUSDTlong | 0.0000% | 8h | 1,025.8 | long leg | $18.5M | $32.3M | 100x | |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,025.6 | −0.017% | $29.3M | $101.5M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,026.7 | +0.097% | $309K | $373K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,026.7 | +0.097% | $61.9M | $28.1M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,028.1 | +0.227% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,028.5 | +0.271% | $72K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance 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 | 1,027.8 | +0.198% | $186K | $3.6M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,029.1 | +0.324% | $11K | $5.4M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,028 | +0.218% | $119K | $489K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0026% | 1h | 1,028.3 | +0.244% | $3K | $43K | 10x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,026.4 | +0.063% | $6.9M | $18.9M | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,026.4 | +0.065% | $1.1M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,026.1 | +0.035% | $541K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +2.497% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,025.7 | −0.001% | $89K | $244K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,027.1 | +0.134% | — | $177K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,026.6 | +0.083% | $166K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,027.7 | +0.188% | $674K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,026.9 | +0.110% | $1.9M | $3.0M | 10x | as long as short |
| Lighter MUshort | +0.0056% | 1h | 1,026.3 | +0.054% | $969K | $5.0M | 20x | |
| Paradex MU-USD-PERP | +0.0057% | 8h | 1,026.6 | +0.084% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0077% | 1h | 1,025.1 | −0.060% | $264K | $815K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0078% | 1h | 1,026.4 | +0.063% | $173.5M | $79.8M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,027 | +0.120% | $32K | $1K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,029.2 | +0.336% | $719K | $1.1M | 10x | as long as short |
| Bullet MU-USD | +0.0098% | 1h | 1,027.5 | +0.167% | $25K | $388K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,026.7 | +0.089% | $145K | $194K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,026.8 | +0.104% | $5.1M | $4.5M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,028.9 | +0.303% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,027.6 | +0.181% | $817 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,028 | +0.215% | $1.5M | $2.2M | 20x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,029.5 | +0.366% | $527K | $270K | 15x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0247% | 1h | 1,027.4 | +0.157% | $72K | $629K | 10x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Nado MU-PERP
tradeXYZ xyz:MU
Aevo MU-PERP
Coinbase International MU-PERP-INTX
Bullet MU-USD
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU
Deribit MU_USDC-PERPETUAL