MU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h −0.015%

Price spread now: Lighter against Deribit+0.017%7-day average +0.005% · 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−$29as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.017%, 7d avg +0.005%

Together, before fees+0.031%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MU_USDC-PERPETUAL	1,052.4	0	get 0.0000% / 1h	19m 07s	$70K	$435K	10x
Short	Lighter MU	1,052.6	0.0056	get 0.0007% / 1h	19m 07s	$1.1M	$5.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.017%Rate

Funding earned: $11.76
Price spread: +0.017% → +0.005%: $1.24
Slippage, 4 orders: −$22.75
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$16.75
Costs to cover: 0.297%
Break-even: 17.0 days

Slippage from Deribit: live order book, 40 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 Deribit live order book, 40 min ago	1.90 bp	15.3 bp −$15	17.8 bp −$178	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.19 bp	0.4 bp $0	1.6 bp −$16	15.8 bp −$1,584	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	−0.0836%	4h	1,052.4	−0.002%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,052.8	+0.031%	$21.5M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.5	+0.010%	$31.2M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.8	+0.033%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.5	+0.007%	$62.3M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.9	+0.044%	$82K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,052.7	+0.027%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.5	+0.007%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUALlong	0.0000%	1h	1,052.4	long leg	$70K	$435K	10x
HTX MU-USDT	0.0000%	8h	1,052.4	−0.006%	$131K	$435K	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MU	+0.0012%	8h	1,053	+0.057%	$2.7M	$2.4M	—	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,052.5	+0.003%	$3K	$44K	10x	as long as short
Bybit MUUSDT	+0.0024%	8h	1,052.9	+0.040%	$19.1M	$32.3M	100x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.5	+0.009%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.8	−0.059%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.102%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052.4	−0.005%	$7.1M	$17.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,052.5	+0.009%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.7	+0.119%	—	$176K	25x	as long as short
Nado MU-PERP	+0.0048%	1h	1,052.4	−0.007%	$282K	$837K	10x	as long as short
Bullet MU-USD	+0.0049%	1h	1,052.6	+0.016%	$25K	$396K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.2	−0.022%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.4	−0.002%	$691K	$16K	10x	as long as short
Binance MUUSDT	+0.0050%	8h	1,052.6	+0.014%	$126.8M	$516.6M	50x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,052.4	−0.006%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,052.8	+0.034%	$2K	—	5x	as long as short
Lighter MUshort	+0.0056%	1h	1,052.6	+0.017%	$1.1M	$5.1M	20x
tradeXYZ xyz:MU	+0.0075%	1h	1,052.2	−0.022%	$178.8M	$99.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.9	+0.044%	$759K	$1.2M	10x	as long as short
Bitget MUUSDT	+0.0095%	8h	1,052.7	+0.024%	$20.5M	$41.1M	50x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,052.1	−0.027%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.6	+0.017%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.3	−0.010%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052.6	+0.016%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.5	+0.007%	$837	$799	20x	as long as short
BloFin MU-USDT	+0.0170%	8h	1,052.7	+0.021%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,053.3	+0.083%	$539K	$271K	15x	as long as short