Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.020%

Price spread now: Lighter RH against KuCoin+0.031%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on KuCoin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 7 days−0.067%−$7 · spread now +0.031%, 7d avg −0.009%

Together, before fees−0.186%+ Points / potential airdropLighter RH: Points live · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.040% dearer against KuCoin than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.009%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MUUSDTM	1,052	0.0100	pay 0.0100% / 8h	4h 36m	$5.3M	$3.4M	20x
Short	Lighter RH MU	1,052.3	0.0032	get 0.0004% / 1h	36m 02s	$1.3M	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against KuCoin. 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 KuCoinbpFee Lighter RHbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$14.28
Price spread: +0.031% → −0.009%: $4.03
Slippage, 4 orders: −$18.76
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$41.01
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Lighter RH: live order book, 2 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 KuCoin live order book, 2 min ago	3.14 bp	13.6 bp −$14	29.7 bp −$297	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.04 bp	1.4 bp −$1	4.5 bp −$45	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	−0.0053%	4h	1,052.1	+0.014%	$1.3M	$671K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.4	+0.035%	$31.2M	$99.8M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.3	+0.031%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.2	+0.023%	$62.3M	$27.4M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.6	+0.054%	$82K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.6	−0.034%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.1	+0.202%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.4	+0.038%	$131K	$436K	50x	as long as short
Aster MUUSD1	+0.0004%	8h	1,052.1	+0.011%	$21.4M	$55.0M	20x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,052.3	+0.028%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MUUSDT	+0.0023%	8h	1,052.6	+0.056%	$19.1M	$32.3M	100x	as long as short
Variational Omni MU	+0.0032%	8h	1,052.2	+0.023%	$2.7M	$2.4M	—	as long as short
Lighter RH MUshort	+0.0032%	1h	1,052.3	+0.031%	$1.3M	$4.4M	10x
Extended MU_24_5-USD	+0.0032%	1h	1,051.7	−0.028%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.060%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052	+0.003%	$7.2M	$17.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,052	−0.002%	$71K	$234K	10x	as long as short
Bullet MU-USD	+0.0041%	1h	1,052.4	+0.035%	$24K	$398K	10x	as long as short
Nado MU-PERP	+0.0045%	1h	1,051.7	−0.028%	$282K	$842K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.3	+0.125%	—	$176K	25x	as long as short
Lighter MU	+0.0048%	1h	1,052.4	+0.035%	$1.1M	$5.1M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052	+0.001%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.3	+0.029%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.6	−0.042%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,052.2	+0.022%	$2K	—	5x	as long as short
Binance MUUSDT	+0.0068%	8h	1,052.4	+0.040%	$126.8M	$517.1M	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0073%	1h	1,052.1	+0.012%	$69K	$420K	10x	as long as short
tradeXYZ xyz:MU	+0.0077%	1h	1,052.1	+0.010%	$178.9M	$99.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.1	+0.013%	$758K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,051.9	−0.011%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.3	+0.028%	$148K	$185K	10x	as long as short
KuCoin MUUSDTMlong	+0.0100%	8h	1,052	long leg	$5.3M	$3.4M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,052.3	+0.033%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.2	+0.018%	$836	$799	20x	as long as short
Bitget MUUSDT	+0.0115%	8h	1,052.3	+0.029%	$20.6M	$41.1M	50x	as long as short
BloFin MU-USDT	+0.0188%	8h	1,052.3	+0.029%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.6	+0.058%	$538K	$271K	15x	as long as short