Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter RH against HTX−0.051%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.051%, 7d avg −0.022%
=Together, before fees+0.066%+ Points / potential airdropLighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.029% cheaper against HTX than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.022%). If the spread goes back, that is −$3 on $10k: about 3.0 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX MU-USDT | 1,048.3 | 0 | get 0.0000% / 8h | 3h 48m | $130K | $430K | 50x |
| Short | Lighter RH MU | 1,047.8 | 0.0032 | get 0.0004% / 1h | 48m 16s | $1.3M | $4.4M | 10x |
HTX MU-USDT
Lighter RH MUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $6.72
- Price spread: −0.051% → −0.022%
- −$2.87
- Slippage, 4 orders
- −$11.03
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$19.18
- Costs to cover
- 0.230%
- Break-even
- 27.0 days
Slippage from HTX: live order book, 5 min ago; Lighter RH: 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 HTX live order book, 5 min ago | 2.81 bp | 10.5 bp −$11 | 15.3 bp −$153 | 22.0 bp −$2,200 | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 1.57 bp | 1.7 bp −$2 | 3.9 bp −$39 | 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 | −0.0827% | 4h | 1,049.7 | +0.134% | $1.3M | $672K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,048.3 | −0.007% | $21.3M | $55.7M | 20x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,048.7 | +0.037% | $19.0M | $31.9M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,048.6 | +0.029% | $31.2M | $99.6M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,048.2 | −0.012% | $338K | $351K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,048.2 | −0.013% | $62.3M | $27.6M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,048.7 | +0.038% | $20.5M | $41.3M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,049.1 | +0.070% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,049.9 | +0.147% | $82K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,047.8 | −0.049% | $189K | $3.4M | 20x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
GRVT MU_USDT_Perp
StandX MU-USDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MU-USDT | 0.0000% | 8h | 1,049.4 | +0.097% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDTlong | 0.0000% | 8h | 1,048.3 | long leg | $130K | $430K | 50x | |
| Binance MUUSDT | +0.0003% | 8h | 1,048.5 | +0.020% | $125.6M | $517.3M | 50x | as long as short |
| BloFin MU-USDT | +0.0020% | 8h | 1,048 | −0.032% | $1.5M | $2.0M | 20x | as long as short |
| Aftermath Perps MUUSD | +0.0024% | 1h | 1,048.5 | +0.021% | $3K | $44K | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,048 | −0.031% | $7.1M | $17.8M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,047.8 | −0.049% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MUshort | +0.0032% | 1h | 1,047.8 | −0.051% | $1.3M | $4.4M | 10x | |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,048 | −0.029% | $563K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.289% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,048.5 | +0.013% | $71K | $233K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,049.1 | +0.073% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,048.2 | −0.012% | $177.8M | $97.1M | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,048 | −0.031% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,047.9 | −0.037% | $688K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,047.7 | −0.063% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0051% | 8h | 1,048.1 | −0.020% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0058% | 1h | 1,047.3 | −0.094% | $282K | $831K | 10x | as long as short |
| Bullet MU-USD | +0.0066% | 1h | 1,048.6 | +0.030% | $26K | $394K | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,048.1 | −0.018% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,047.9 | −0.045% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,047.9 | −0.038% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,050.1 | +0.166% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,048.3 | −0.004% | $833 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0120% | 1h | 1,050 | +0.162% | $757K | $1.2M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0189% | 1h | 1,048.3 | −0.005% | $73K | $461K | 10x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,050.1 | +0.169% | $537K | $271K | 15x | as long as short |
SunX MU-USDT
Binance MUUSDT
BloFin MU-USDT
Aftermath Perps MUUSD
QFEX MU-USD
Lighter MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Nado MU-PERP
Bullet MU-USD
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Coinbase International MU-PERP-INTX
Deribit MU_USDC-PERPETUAL
Phoenix MU