MU

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.036%

Price spread now: Lighter against Coinbase International+0.035%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now +0.035%, 7d avg +0.019%

Together, before fees−0.129%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, 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 −0.119%, 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	Coinbase International MU-PERP-INTX	1,043.2	0.0184	pay 0.0023% / 1h	14m 00s	$755K	$1.4M	10x
Short	Lighter MU	1,043.6	0.0208	get 0.0026% / 1h	14m 00s	$1.0M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now +0.035%Rate

Funding earned: $5.04
Price spread: +0.035% → +0.019%: $1.59
Slippage, 4 orders: −$6.19
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.57
Costs to cover: 0.162%
Break-even: 20.3 days

Slippage from Coinbase International: live order book, 5 min ago; Lighter: live order book, 4 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 Coinbase International live order book, 5 min ago	2.35 bp	7.4 bp −$7	12.5 bp −$125	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.72 bp	0.7 bp −$1	1.1 bp −$11	14.7 bp −$1,473	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	−0.0377%	4h	1,043.4	+0.016%	$1.3M	$674K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.5	+0.026%	$62.9M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,042.8	−0.039%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,045.9	+0.258%	$12K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.5	+0.022%	$125K	$442K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.5	+0.021%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.717%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0035%	1h	1,043.5	+0.026%	$3K	$45K	10x	as long as short
OKX MU-USDT-SWAP	+0.0040%	8h	1,043.7	+0.044%	$30.8M	$104.8M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,043.2	−0.008%	—	$194K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,043.4	+0.016%	$165K	$197K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,043.7	+0.040%	$685K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042.5	−0.075%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0071%	1h	1,043.7	+0.043%	$7.8M	$24.1M	10x	as long as short
Aster MUUSD1	+0.0092%	8h	1,044	+0.076%	$21.5M	$47.4M	20x	as long as short
Pacifica MU	+0.0100%	1h	1,043.3	+0.011%	$154K	$181K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.3	+0.007%	$5.2M	$4.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.7	+0.042%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.6	+0.035%	$830	$799	20x	as long as short
Bitget MUUSDT	+0.0106%	8h	1,043.6	+0.031%	$20.5M	$43.0M	50x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,043.4	+0.018%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0136%	8h	1,043.5	+0.022%	$2K	—	5x	as long as short
Variational Omni MU	+0.0144%	8h	1,043.4	+0.018%	$2.6M	$2.6M	—	as long as short
Binance MUUSDT	+0.0161%	8h	1,043.9	+0.062%	$124.7M	$535.7M	50x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0184%	1h	1,043.2	long leg	$755K	$1.4M	10x
Lighter MUshort	+0.0208%	1h	1,043.6	+0.035%	$1.0M	$4.8M	20x
GRVT MU_USDT_Perp	+0.0217%	8h	1,043.6	+0.039%	$77K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0224%	1h	1,042.7	−0.048%	$273K	$872K	10x	as long as short
Bybit MUUSDT	+0.0249%	8h	1,044.1	+0.079%	$19.2M	$32.6M	100x	as long as short
Bullet MU-USD	+0.0279%	1h	1,043.8	+0.053%	$26K	$395K	10x	as long as short
BloFin MU-USDT	+0.0281%	8h	1,043.8	+0.055%	$1.4M	$2.0M	20x	as long as short
tradeXYZ xyz:MU	+0.0326%	1h	1,043.5	+0.026%	$176.2M	$106.7M	10x	as long as short
Phoenix MU	+0.0383%	1h	1,043.8	+0.055%	$534K	$306K	15x	as long as short
Arcus MU-USD	+0.0435%	1h	1,043.2	−0.003%	$73K	$241K	10x	as long as short
RISEx MU/USDC	+0.0499%	1h	1,043.9	+0.068%	$295K	$338K	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0556%	1h	1,043.5	+0.022%	$61K	$248K	10x	as long as short
Extended MU_24_5-USD	+0.0688%	1h	1,042.6	−0.061%	$547K	$1.1M	10x	as long as short