Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.029%

Price spread now: Lighter against Gate+0.015%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.233%+$23 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.015%, 7d avg −0.005%

Together, before fees+0.217%+ Points / potential airdropLighter: Season 3 · farm board+$22 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: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,040.1	0	get 0.0000% / 8h	2h 11m	$61.6M	$28.5M	75x
Short	Lighter MU	1,040.3	0.0112	get 0.0014% / 1h	11m 58s	$1.0M	$5.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.015%Rate

Funding earned: $23.52
Price spread: +0.015% → −0.005%: $2
Slippage, 4 orders: −$5.7
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.82
Costs to cover: 0.207%
Break-even: 5.6 days

Slippage from Gate: live order book, 2 min ago; Lighter: live order book, 6 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 Gate live order book, 2 min ago	0.72 bp	10.0 bp −$10	15.4 bp −$154	32.6 bp −$3,262	72.7 bp −$36.4K
Sell Lighter live order book, 6 min ago	0.43 bp	0.4 bp $0	1.7 bp −$17	19.3 bp −$1,932	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
Bitget MUUSDT	−0.0159%	8h	1,040.4	+0.033%	$20.3M	$41.2M	50x	as long as short
edgeX MUUSDC	−0.0146%	4h	1,036.6	−0.332%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,040.4	+0.029%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,040.3	+0.017%	$122.1M	$535.0M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,040.6	+0.045%	$18.7M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,040.3	+0.020%	$30.0M	$101.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,039.6	−0.046%	$316K	$382K	20x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,040.1	long leg	$61.6M	$28.5M	75x
Variational Omni MU	0.0000%	8h	1,036.4	−0.355%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.3	−0.264%	$84K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,038.1	−0.189%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.8	+0.064%	$11K	$5.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,039.7	−0.038%	$127K	$449K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,037.4	−0.260%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,039.6	−0.048%	$7.0M	$18.2M	10x	as long as short
Nado MU-PERP	+0.0023%	1h	1,039.4	−0.063%	$277K	$817K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,040.1	−0.001%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,039.7	−0.034%	$538K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.084%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0037%	1h	1,039.9	−0.016%	$26K	$389K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.8	−0.217%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,039.6	−0.045%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,040	−0.009%	$176.9M	$92.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,039.6	−0.047%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,039.4	−0.063%	$682K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.1	−0.292%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,039.7	−0.040%	$2K	—	5x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0077%	1h	1,039.9	−0.017%	$74K	$527K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,039.6	−0.051%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,039.3	−0.075%	$147K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,039.3	−0.076%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.1	−0.286%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,039.2	−0.085%	$826	$799	20x	as long as short
Lighter MUshort	+0.0112%	1h	1,040.3	+0.015%	$1.0M	$5.0M	20x
BloFin MU-USDT	+0.0120%	8h	1,039	−0.107%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.396%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,039	−0.105%	$531K	$270K	15x	as long as short