MU

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h −0.019%

Price spread now: Lighter against Extended+0.091%7-day average +0.028% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$110.111% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 7 days−0.062%−$6 · spread now +0.091%, 7d avg +0.028%

Together, before fees−0.023%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.063% dearer against Extended than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.028%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,038.8	0.0336	pay 0.0042% / 1h	55m 52s	$551K	$1.1M	10x
Short	Lighter MU	1,039.7	0.0208	get 0.0026% / 1h	55m 52s	$1.0M	$5.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$26.88
Price spread: +0.091% → +0.028%: $6.32
Slippage, 4 orders: −$6.07
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$31.63
Costs to cover: 0.111%
Break-even: never at this rate

Slippage from Extended: live order book, just now; 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 Extended live order book, just now	0.05 bp	5.3 bp −$5	11.7 bp −$117	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	1.15 bp	1.2 bp −$1	1.9 bp −$19	22.8 bp −$2,281	doesn't fit

MU on 37 exchanges

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	−0.0902%	4h	1,039.3	+0.051%	$1.3M	$696K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,039.9	+0.108%	$21.2M	$73.3M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,039.9	+0.110%	$121.5M	$555.3M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,039.8	+0.099%	$29.6M	$107.9M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,039.6	+0.081%	$61.2M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,039.8	+0.096%	$19.8M	$43.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,039.6	+0.078%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,038.6	−0.018%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,041.2	+0.237%	$11K	$5.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,039.2	+0.039%	$37K	$717K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,039.6	+0.081%	$119K	$474K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,039.5	+0.076%	$1.2M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.214%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0034%	1h	1,038.8	+0.009%	$3K	$42K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040.5	+0.169%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,039.5	+0.072%	$168K	$179K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,039.7	+0.087%	$682K	$13K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,038.2	−0.057%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0058%	1h	1,039.5	+0.071%	$7.0M	$19.3M	10x	as long as short
Bybit MUUSDT	+0.0070%	8h	1,039.9	+0.112%	$18.8M	$32.3M	100x	as long as short
Paradex MU-USD-PERP	+0.0080%	8h	1,039.7	+0.087%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,039.2	+0.045%	$32K	$1K	10x	as long as short
Nado MU-PERP	+0.0090%	1h	1,038.8	+0.009%	$276K	$842K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,039.4	+0.065%	$151K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,039	+0.027%	$5.2M	$5.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	−0.022%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,039.5	+0.071%	$826	$799	20x	as long as short
RISEx MU/USDC	+0.0118%	1h	1,039.9	+0.111%	$299K	$351K	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,039.4	+0.063%	$1.4M	$2.5M	20x	as long as short
Arcus MU-USD	+0.0139%	1h	1,039	+0.028%	$90K	$148K	10x	as long as short
Bullet MU-USD	+0.0171%	1h	1,039.6	+0.087%	$25K	$386K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0192%	1h	1,040.5	+0.169%	$741K	$1.1M	10x	as long as short
Lighter MUshort	+0.0208%	1h	1,039.7	+0.091%	$1.0M	$5.0M	20x
tradeXYZ xyz:MU	+0.0210%	1h	1,039.6	+0.082%	$177.3M	$76.0M	10x	as long as short
GRVT MU_USDT_Perp	+0.0230%	8h	1,039.4	+0.063%	$81K	$1.4M	10x	as long as short
Phoenix MU	+0.0310%	1h	1,039.4	+0.063%	$532K	$159K	15x	as long as short
Extended MU_24_5-USDlong	+0.0336%	1h	1,038.8	long leg	$551K	$1.1M	10x