Funding you earn now, next payment 03:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h +0.001%
Price spread now: ApeX Omni against Lighter−0.059%48s7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$350.346% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)−0.005%−$1 · spread now −0.059%, 7d avg +0.019%
=Together, before fees−0.059%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.078% cheaper against Lighter than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.019%). If the spread goes back, that is −$8 on $10k: about 5.9 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.054%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,050.6 | 0.0056 | pay 0.0007% / 1h | 30m 33s | $1.1M | $4.9M | 20x |
| Short | ApeX Omni MUUSDT | 1,050 | 0.0100 | get 0.0013% / 1h | 30m 33s | $71K | $268K | 50x |
Lighter MU
ApeX Omni MUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Lighter. 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
- $9.24
- Price spread: −0.059% → +0.019%
- −$7.78
- Slippage, 4 orders
- −$24.57
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$33.11
- Costs to cover
- 0.346%
- Break-even
- 32.1 days
Slippage from Lighter: live order book, 7 min ago; ApeX Omni: live order book, 31 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 Lighter live order book, 7 min ago | 0.24 bp | 0.3 bp $0 | 0.4 bp −$4 | 16.7 bp −$1,672 | doesn't fit |
| Sell ApeX Omni live order book, 31 min ago | 6.23 bp | 16.4 bp −$16 | 189.4 bp −$1,894 | 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 | −0.0330% | 4h | 1,050.5 | −0.012% | $1.3M | $672K | 10x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,050.9 | +0.028% | $19.2M | $32.3M | 100x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,050.9 | +0.027% | $333K | $348K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,050.6 | −0.002% | $62.1M | $27.4M | 75x | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,050.8 | +0.015% | $85K | $1.3M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,050.7 | +0.009% | $190K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,052.9 | +0.213% | $11K | $5.9M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,050.6 | −0.003% | $67K | $372K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,050.9 | +0.022% | $129K | $428K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0020% | 1h | 1,050.1 | −0.051% | $3K | $44K | 10x | as long as short |
edgeX MUUSDC
Bybit MUUSDT
RISEx MU/USDC
Gate MU_USDT
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Aftermath Perps MUUSDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MU-USDT-SWAP | +0.0025% | 8h | 1,050.6 | 0.000% | $31.0M | $99.8M | 50x | as long as short |
| QFEX MU-USD | +0.0030% | 1h | 1,050.5 | −0.009% | $7.2M | $18.2M | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,050.7 | +0.008% | $1.2M | $4.3M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.070% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,050.5 | −0.016% | $71K | $235K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,051.6 | +0.090% | — | $175K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,050.3 | −0.030% | $170K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,051 | +0.033% | $690K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,049.8 | −0.081% | $1.9M | $2.3M | 10x | as long as short |
| Lighter MUlong | +0.0056% | 1h | 1,050.6 | long leg | $1.1M | $4.9M | 20x | |
| Paradex MU-USD-PERP | +0.0056% | 8h | 1,050.9 | +0.028% | $2K | — | 5x | as long as short |
| Nado MU-PERP | +0.0057% | 1h | 1,050.5 | −0.015% | $282K | $848K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0063% | 1h | 1,050.3 | −0.030% | $178.1M | $99.2M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0064% | 1h | 1,050 | −0.060% | $564K | $1.1M | 10x | as long as short |
| Aster MUUSD1 | +0.0073% | 8h | 1,050.7 | +0.012% | $21.4M | $52.3M | 20x | as long as short |
| Bullet MU-USD | +0.0076% | 1h | 1,050.7 | +0.006% | $26K | $398K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,049.9 | −0.065% | $756K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,050.6 | −0.005% | $149K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,050.6 | −0.002% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDTshort | +0.0100% | 1h | 1,050 | −0.059% | $71K | $268K | 50x | |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,050.9 | +0.025% | $835 | $799 | 20x | as long as short |
| Variational Omni MU | +0.0111% | 8h | 1,050.9 | +0.028% | $2.7M | $2.4M | — | as long as short |
| Aevo MU-PERP | +0.0120% | 1h | 1,050.7 | +0.003% | $32K | $1K | 10x | as long as short |
| Bitget MUUSDT | +0.0131% | 8h | 1,050.5 | −0.011% | $20.6M | $41.1M | 50x | as long as short |
| Binance MUUSDT | +0.0137% | 8h | 1,050.7 | +0.004% | $126.6M | $518.8M | 50x | as long as short |
| Phoenix MU | +0.0229% | 1h | 1,050.8 | +0.017% | $537K | $271K | 15x | as long as short |
| BloFin MU-USDT | +0.0258% | 8h | 1,051.2 | +0.056% | $1.5M | $2.0M | 20x | as long as short |
OKX MU-USDT-SWAP
QFEX MU-USD
Lighter RH MU
Injective MU/USDC PERP
Arcus MU-USD
Vest MU-USD-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Nado MU-PERP
tradeXYZ xyz:MU
Extended MU_24_5-USD
Aster MUUSD1
Bullet MU-USD
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
Orderly PERP_MU_USDC_mythos
Variational Omni MU
Aevo MU-PERP
Bitget MUUSDT
Binance MUUSDT
Phoenix MU
BloFin MU-USDT