Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.016%

Price spread now: Lighter RH against Bybit−0.057%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.057%, 7d avg −0.053%

Together, before fees−0.052%+ Points / potential airdropLighter RH: Points live · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.068%, 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	Bybit MUUSDT	1,044.2	0	get 0.0000% / 8h	3h 20m	$18.7M	$31.8M	100x
Short	Lighter RH MU	1,043.6	0.0032	get 0.0004% / 1h	20m 04s	$1.3M	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bybit. 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 BybitbpFee Lighter RHbpOrdersPrice spread, now −0.057%Rate

Funding earned: $6.72
Price spread: −0.057% → −0.053%: −$0.32
Slippage, 4 orders: −$8.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$13.51
Costs to cover: 0.199%
Break-even: 21.1 days

Slippage from Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.19 bp	9.5 bp −$10	11.1 bp −$111	41.4 bp −$4,143	doesn't fit
Sell Lighter RH live order book, 3 min ago	0.77 bp	0.9 bp −$1	5.0 bp −$50	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	−0.0096%	4h	1,044	−0.023%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,044	−0.018%	$21.2M	$56.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,043.8	−0.041%	$123.9M	$522.5M	50x	as long as short
Bybit MUUSDTlong	0.0000%	8h	1,044.2	long leg	$18.7M	$31.8M	100x
OKX MU-USDT-SWAP	0.0000%	8h	1,043.9	−0.030%	$30.9M	$99.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,044.2	−0.005%	$337K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.7	−0.051%	$61.9M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,043.9	−0.030%	$20.5M	$41.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,045.1	+0.080%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,045.6	+0.134%	$79K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,045	+0.073%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.2	+0.189%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,043.3	−0.084%	$73K	$478K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.6	−0.063%	$130K	$435K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,044.6	+0.036%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,043.9	−0.035%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,043.8	−0.044%	$1.1M	$5.1M	20x	as long as short
Lighter RH MUshort	+0.0032%	1h	1,043.6	−0.057%	$1.3M	$4.4M	10x
Extended MU_24_5-USD	+0.0032%	1h	1,043.3	−0.089%	$548K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.684%	$19K	$5K	12x	as long as short
Nado MU-PERP	+0.0037%	1h	1,044.5	+0.024%	$281K	$828K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,044.5	+0.030%	$70K	$233K	10x	as long as short
Bullet MU-USD	+0.0043%	1h	1,044	−0.017%	$25K	$393K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,044.6	+0.035%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,043.6	−0.059%	$176.6M	$95.3M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,043.8	−0.040%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,043.9	−0.034%	$685K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,044.2	−0.005%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.3	+0.008%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,043.3	−0.086%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,044.4	+0.015%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.6	−0.062%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,044	−0.020%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.6	−0.061%	$830	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.8	+0.051%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,045.3	+0.102%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,044.9	+0.065%	$534K	$271K	15x	as long as short