MU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.19 per $10,000 · paid last 24h −0.061%

Price spread now: Lighter RH against Coinbase International+0.336%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs+$8as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Coinbase International Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.315%−$31 on $10k

Price spread, last 3 days (all we have)−0.296%−$30 · spread now +0.336%, 7d avg +0.013%

Together, before fees−0.611%+ Points / potential airdropLighter RH: Points live · farm board−$61 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.323% dearer against Coinbase International than usual: you sell high and buy low (spread +0.336% now, against its 7-day average of +0.013%): +$32 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 7.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,048.4	0.0184	pay 0.0023% / 1h	25m 52s	$759K	$1.2M	10x
Short	Lighter RH MU	1,051.9	0.0032	get 0.0004% / 1h	25m 52s	$1.2M	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.336%Rate

Funding earned: −$31.92
Price spread: +0.336% → +0.013%: $32.31
Slippage, 4 orders: −$14.62
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$24.24
Costs to cover: 0.246%
Break-even: from the start

Slippage from Coinbase International: live order book, 3 min ago; Lighter RH: live order book, 2 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, 3 min ago	4.42 bp	9.4 bp −$9	13.6 bp −$136	38.9 bp −$3,890	doesn't fit
Sell Lighter RH live order book, 2 min ago	2.47 bp	2.5 bp −$3	5.5 bp −$55	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	−0.0560%	4h	1,050.4	+0.199%	$1.3M	$671K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.6	+0.310%	$62.9M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,051.5	+0.300%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,053	+0.446%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.5	+0.296%	$130K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.5	+0.203%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,052	+0.344%	$1.1M	$4.8M	20x	as long as short
Lighter RH MUshort	+0.0032%	1h	1,051.9	+0.336%	$1.2M	$4.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.286%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.7	+0.417%	—	$179K	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	1,051.5	+0.300%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.7	+0.321%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,052	+0.350%	$7.8M	$22.3M	10x	as long as short
Nado MU-PERP	+0.0082%	1h	1,051.9	+0.339%	$275K	$858K	10x	as long as short
Paradex MU-USD-PERP	+0.0093%	8h	1,052.2	+0.364%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,052	+0.343%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.2	+0.267%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052.1	+0.361%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.9	+0.340%	$836	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0103%	8h	1,051.5	+0.302%	$30.9M	$101.9M	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0111%	1h	1,051.7	+0.320%	$64K	$304K	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,051.7	+0.316%	$32K	$1K	10x	as long as short
SoDEX MU-USD	+0.0159%	1h	1,051.9	+0.338%	$690K	$16K	10x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0184%	1h	1,048.4	long leg	$759K	$1.2M	10x
Bybit MUUSDT	+0.0224%	8h	1,051.8	+0.330%	$19.5M	$32.6M	100x	as long as short
Variational Omni MU	+0.0224%	8h	1,051.7	+0.314%	$2.7M	$2.4M	—	as long as short
Bullet MU-USD	+0.0227%	1h	1,051.8	+0.326%	$25K	$396K	10x	as long as short
Aster MUUSD1	+0.0230%	8h	1,051.2	+0.271%	$21.6M	$48.4M	20x	as long as short
Binance MUUSDT	+0.0233%	8h	1,051.6	+0.310%	$126.1M	$523.4M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,051.2	+0.272%	$71K	$243K	10x	as long as short
tradeXYZ xyz:MU	+0.0260%	1h	1,051.7	+0.319%	$178.6M	$101.4M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,052.2	+0.369%	$316K	$339K	20x	as long as short
BloFin MU-USDT	+0.0350%	8h	1,052.6	+0.408%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0364%	8h	1,051.5	+0.297%	$20.6M	$41.6M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.2	+0.176%	$537K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0400%	1h	1,050.8	+0.232%	$570K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0484%	8h	1,049.6	+0.115%	$83K	$1.3M	10x	as long as short