Funding you earn now, next payment 09:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.07 per $10,000 · paid last 24h +0.005%
Price spread now: Bullet against Lighter+0.007%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$160.159% of the position
Funding, last 4 days (all we have)+0.091%+$9 on $10k
+Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.007%, 7d avg +0.026%
=Together, before fees+0.053%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,026.6 | 0.0088 | pay 0.0011% / 1h | 23m 27s | $995K | $5.0M | 20x |
| Short | Bullet MU-USD | 1,026.7 | 0.0141 | get 0.0018% / 1h | 23m 27s | $25K | $388K | 10x |
Lighter MU
Bullet MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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
- $11.03
- Price spread: +0.007% → +0.026%
- −$1.83
- Slippage, 4 orders
- −$7.93
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$6.73
- Costs to cover
- 0.159%
- Break-even
- 11.3 days
Slippage from Lighter: live order book, 5 min ago; Bullet: live order book, 11 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, 5 min ago | 0.44 bp | 0.5 bp $0 | 2.3 bp −$23 | 16.5 bp −$1,646 | doesn't fit |
| Sell Bullet live order book, 11 min ago | 1.46 bp | 7.2 bp −$7 | 21.9 bp −$219 | 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 | −0.0955% | 4h | 1,025.2 | −0.131% | $1.3M | $695K | 10x | as long as short |
| Bitget MUUSDT | −0.0006% | 8h | 1,026.6 | −0.004% | $19.7M | $41.1M | 50x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,026.8 | +0.022% | $21.0M | $69.1M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,026.6 | +0.004% | $121.7M | $549.1M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,026.8 | +0.016% | $18.6M | $32.4M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,026.7 | +0.006% | $29.1M | $102.5M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,026.5 | −0.008% | $292K | $387K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,026.2 | −0.043% | $61.6M | $28.3M | 75x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,024.7 | −0.182% | $2.5M | $2.6M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,025.4 | −0.117% | $73K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Bitget MUUSDT
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,025.9 | −0.067% | $185K | $3.6M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,027 | +0.037% | $11K | $5.3M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,026.8 | +0.020% | $118K | $494K | 50x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,026.6 | −0.003% | $6.9M | $18.9M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0029% | 1h | 1,025.7 | −0.089% | $3K | $43K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,026.4 | −0.020% | $1.1M | $4.5M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,025.5 | −0.110% | $541K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +2.413% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,026.1 | −0.050% | $89K | $243K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,026 | −0.059% | — | $179K | 25x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,025.5 | −0.106% | $166K | $177K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,025.9 | −0.065% | $673K | $15K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,025.5 | −0.111% | $1.9M | $3.1M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0064% | 8h | 1,026.6 | +0.005% | $2K | — | 5x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,026.3 | −0.033% | $32K | $1K | 10x | as long as short |
| Lighter MUlong | +0.0088% | 1h | 1,026.6 | long leg | $995K | $5.0M | 20x | |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,024.5 | −0.204% | $716K | $1.1M | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0098% | 1h | 1,026.2 | −0.038% | $173.5M | $78.8M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,026.5 | −0.008% | $145K | $194K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,025.6 | −0.094% | $5.1M | $4.7M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,025.8 | −0.078% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,026.4 | −0.021% | $816 | $799 | 20x | as long as short |
| Nado MU-PERP | +0.0101% | 1h | 1,025.8 | −0.075% | $264K | $814K | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,025.3 | −0.129% | $1.5M | $2.2M | 20x | as long as short |
| Bullet MU-USDshort | +0.0141% | 1h | 1,026.7 | +0.007% | $25K | $388K | 10x | |
| Phoenix MU | +0.0231% | 1h | 1,025 | −0.155% | $525K | $270K | 15x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0559% | 1h | 1,026.7 | +0.008% | $72K | $629K | 10x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
QFEX MU-USD
Aftermath Perps MUUSD
Lighter RH MU
Extended MU_24_5-USD
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
Aevo MU-PERP
Coinbase International MU-PERP-INTX
tradeXYZ xyz:MU
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Nado MU-PERP
BloFin MU-USDT
Phoenix MU
Deribit MU_USDC-PERPETUAL