Funding you earn now, next payment 03:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.009%
Price spread now: Arcus against Lighter−0.070%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Funding, last 4 days (all we have)+0.102%+$10 on $10k
+Price spread, last 4 days (all we have)+0.171%+$17 · spread now −0.070%, 7d avg −0.019%
=Together, before fees+0.273%+ Points / potential airdropLighter: Season 3 · farm board+$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Arcus is 0.051% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.019%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.102%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,052.3 | 0.0064 | pay 0.0008% / 1h | 9m 47s | $1.1M | $5.1M | 20x |
| Short | Arcus MU-USD | 1,051.6 | 0.0040 | get 0.0005% / 1h | 9m 47s | $71K | $235K | 10x |
Lighter MU
Arcus MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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
- −$4.98
- Price spread: −0.070% → −0.019%
- −$5.12
- Slippage, 4 orders
- −$16.11
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$30.71
- Costs to cover
- 0.206%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Arcus: live order book, 53 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, 3 min ago | 0.43 bp | 0.6 bp −$1 | 1.9 bp −$19 | 14.4 bp −$1,435 | doesn't fit |
| Sell Arcus live order book, 53 min ago | 3.76 bp | 10.1 bp −$10 | 13.7 bp −$137 | 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 | −0.0275% | 4h | 1,051.8 | −0.047% | $1.3M | $671K | 10x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,052.6 | +0.024% | $334K | $348K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,052.2 | −0.010% | $62.0M | $27.6M | 75x | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,052.2 | −0.011% | $85K | $1.3M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,051.9 | −0.047% | $190K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,054.2 | +0.172% | $11K | $5.8M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,052 | −0.035% | $68K | $386K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,052.3 | −0.006% | $130K | $430K | 50x | as long as short |
| Bybit MUUSDT | +0.0007% | 8h | 1,052.7 | +0.030% | $19.2M | $32.3M | 100x | as long as short |
| Aftermath Perps MUUSD | +0.0018% | 1h | 1,051.2 | −0.106% | $3K | $45K | 10x | as long as short |
edgeX MUUSDC
RISEx MU/USDC
Gate MU_USDT
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Bybit MUUSDT
Aftermath Perps MUUSDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MU-USDT-SWAP | +0.0019% | 8h | 1,052.4 | +0.006% | $31.1M | $100.0M | 50x | as long as short |
| QFEX MU-USD | +0.0030% | 1h | 1,052.2 | −0.013% | $7.2M | $18.1M | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,052.3 | −0.001% | $1.3M | $4.4M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.093% | $19K | $5K | 12x | as long as short |
| Arcus MU-USDshort | +0.0040% | 1h | 1,051.6 | −0.070% | $71K | $235K | 10x | |
| Aster MUUSD1 | +0.0044% | 8h | 1,052.4 | +0.006% | $21.4M | $54.5M | 20x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,053.3 | +0.087% | — | $175K | 25x | as long as short |
| Nado MU-PERP | +0.0049% | 1h | 1,052.1 | −0.028% | $282K | $845K | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,052.1 | −0.023% | $171K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,052.4 | +0.003% | $691K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,051.1 | −0.114% | $1.9M | $2.3M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0054% | 8h | 1,052.3 | −0.001% | $2K | — | 5x | as long as short |
| tradeXYZ xyz:MU | +0.0061% | 1h | 1,051.9 | −0.042% | $178.5M | $98.9M | 10x | as long as short |
| Lighter MUlong | +0.0064% | 1h | 1,052.3 | long leg | $1.1M | $5.1M | 20x | |
| Bullet MU-USD | +0.0067% | 1h | 1,052.4 | +0.006% | $25K | $398K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0080% | 1h | 1,051.7 | −0.065% | $564K | $1.1M | 10x | as long as short |
| Variational Omni MU | +0.0081% | 8h | 1,051.9 | −0.042% | $2.7M | $2.4M | — | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,051.9 | −0.038% | $758K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,052 | −0.035% | $149K | $184K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,052.2 | −0.016% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,051.8 | −0.048% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,052.3 | −0.006% | $837 | $799 | 20x | as long as short |
| Binance MUUSDT | +0.0111% | 8h | 1,052.3 | −0.003% | $126.7M | $518.2M | 50x | as long as short |
| Aevo MU-PERP | +0.0112% | 1h | 1,051.9 | −0.039% | $32K | $1K | 10x | as long as short |
| Bitget MUUSDT | +0.0125% | 8h | 1,052.2 | −0.012% | $20.6M | $41.1M | 50x | as long as short |
| Phoenix MU | +0.0229% | 1h | 1,051.7 | −0.061% | $538K | $271K | 15x | as long as short |
| BloFin MU-USDT | +0.0234% | 8h | 1,052.2 | −0.014% | $1.5M | $2.0M | 20x | as long as short |
OKX MU-USDT-SWAP
QFEX MU-USD
Lighter RH MU
Injective MU/USDC PERP
Aster MUUSD1
Vest MU-USD-PERP
Nado MU-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
tradeXYZ xyz:MU
Bullet MU-USD
Extended MU_24_5-USD
Variational Omni MU
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Binance MUUSDT
Aevo MU-PERP
Bitget MUUSDT
Phoenix MU
BloFin MU-USDT