Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.033%
Price spread now: Lighter RH against Extended+0.031%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$120.117% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.133%−$13 on $10k
Price spread, last 7 days−0.037%−$4 · spread now +0.031%, 7d avg +0.007%
Together, before fees−0.171%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board−$17 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.024% dearer against Extended than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended MU_24_5-USD1,029.70.0032pay 0.0004% / 1h42m 49s$543K$1.1M10x
ShortLighter RH MU1,0300.0032get 0.0004% / 1h42m 49s$1.1M$4.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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

Funding earned
$0
Price spread: +0.031% → +0.007%
$2.38
Slippage, 4 orders
−$6.74
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$9.36
Costs to cover
0.117%
Break-even
never at this rate
Slippage from Extended: live order book, just now; Lighter RH: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, just now0.15 bp6.3 bp −$614.9 bp −$149doesn't fitdoesn't fit
Sell Lighter RH live order book, 6 min ago0.05 bp1.9 bp −$25.0 bp −$50doesn't fitdoesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0734%4h1,030.8+0.111%$1.3M$674K10xas long as short
Bitget MUUSDT−0.0082%8h1,030.1+0.042%$19.9M$40.2M50xas long as short
Aster MUUSD10.0000%8h1,030.8+0.111%$21.1M$68.7M20xas long as short
Binance MUUSDT0.0000%8h1,030.1+0.036%$121.3M$543.0M50xas long as short
Bybit MUUSDT0.0000%8h1,030.1+0.039%$18.6M$32.1M100xas long as short
OKX MU-USDT-SWAP0.0000%8h1,030+0.029%$29.5M$100.9M50xas long as short
RISEx MU/USDC0.0000%1h1,030.7+0.098%$310K$380K20xas long as short
Gate MU_USDT0.0000%8h1,030.1+0.044%$61.9M$27.8M75xas long as short
Variational Omni MU0.0000%8h1,030.2+0.053%$2.5M$2.6Mas long as short
GRVT MU_USDT_Perp0.0000%8h1,031.3+0.159%$72K$1.4M10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX MU-USD0.0000%1h1,031.4+0.170%$187K$3.6M20xas long as short
SunX MU-USDT0.0000%8h1,031.6+0.183%$11K$5.4M10xas long as short
Deribit MU_USDC-PERPETUAL0.0000%1h1,030.6+0.083%$73K$626K10xas long as short
HTX MU-USDT0.0000%8h1,030.4+0.071%$119K$492K50xas long as short
Aftermath Perps MUUSD+0.0024%1h1,030.7+0.103%$3K$43K10xas long as short
QFEX MU-USD+0.0027%1h1,030.8+0.106%$6.9M$18.7M10xas long as short
Lighter RH MUshort+0.0032%1h1,030+0.031%$1.1M$4.4M10x
Extended MU_24_5-USDlong+0.0032%1h1,029.7long leg$543K$1.1M10x
Injective MU/USDC PERP+0.0033%1h1,051.4+2.104%$19K$5K12xas long as short
Arcus MU-USD+0.0040%1h1,030+0.033%$89K$244K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,030.4+0.072%$176K25xas long as short
Polymarket Perps MU-USD+0.0050%1h1,030+0.030%$167K$177K10xas long as short
SoDEX MU-USD+0.0050%1h1,030.5+0.078%$676K$15K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,029.9+0.024%$1.9M$2.9M10xas long as short
Paradex MU-USD-PERP+0.0057%8h1,030.8+0.109%$2K5xas long as short
tradeXYZ xyz:MU+0.0063%1h1,029.9+0.020%$174.2M$80.5M10xas long as short
Lighter MU+0.0064%1h1,030.2+0.045%$989K$4.9M20xas long as short
Aevo MU-PERP+0.0080%1h1,030.2+0.049%$32K$1K10xas long as short
Nado MU-PERP+0.0085%1h1,030.1+0.036%$272K$806K10xas long as short
Bullet MU-USD+0.0093%1h1,030.7+0.098%$25K$389K10xas long as short
Coinbase International MU-PERP-INTX+0.0096%1h1,030.1+0.042%$719K$1.1M10xas long as short
Pacifica MU+0.0100%1h1,029.7−0.002%$146K$194K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,030.3+0.062%$5.1M$4.4M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,032+0.225%$70K$270K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,030.6+0.084%$819$79920xas long as short
BloFin MU-USDT+0.0120%8h1,030.8+0.106%$1.5M$2.2M20xas long as short
Phoenix MU+0.0231%1h1,031.9+0.214%$528K$270K15xas long as short