Funding you earn now, next payment 03:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.030%
Price spread now: Coinbase International against Lighter−0.004%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$160.162% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.004%, 7d avg −0.018%
=Together, before fees+0.068%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: +$1 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 | 1,052.9 | 0.0056 | pay 0.0007% / 1h | 19m 46s | $1.1M | $5.1M | 20x |
| Short | Coinbase International MU-PERP-INTX | 1,052.9 | 0.0080 | get 0.0010% / 1h | 19m 46s | $759K | $1.2M | 10x |
Lighter MU
Coinbase International MU-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $5.04
- Price spread: −0.004% → −0.018%
- $1.47
- Slippage, 4 orders
- −$6.16
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$9.65
- Costs to cover
- 0.162%
- Break-even
- 20.4 days
Slippage from Lighter: live order book, 3 min ago; Coinbase International: live order book, 4 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 | 0.19 bp | 0.2 bp $0 | 0.6 bp −$6 | 15.8 bp −$1,581 | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 2.71 bp | 7.9 bp −$8 | 8.2 bp −$82 | 59.5 bp −$5,955 | 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 | −0.0836% | 4h | 1,052.4 | −0.050% | $1.3M | $672K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,052.8 | −0.013% | $21.5M | $55.0M | 20x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,052.7 | −0.020% | $31.2M | $99.7M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,053.3 | +0.039% | $334K | $348K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,052.6 | −0.032% | $62.3M | $27.5M | 75x | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,052.9 | −0.003% | $82K | $1.4M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,052.8 | −0.017% | $190K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,052.8 | −0.009% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,052.4 | −0.047% | $131K | $434K | 50x | as long as short |
| Variational Omni MU | +0.0012% | 8h | 1,053 | +0.010% | $2.7M | $2.4M | — | as long as short |
edgeX MUUSDC
Aster MUUSD1
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Variational Omni MUShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps MUUSD | +0.0021% | 1h | 1,052.6 | −0.036% | $3K | $44K | 10x | as long as short |
| Bybit MUUSDT | +0.0026% | 8h | 1,052.9 | +0.001% | $19.1M | $32.3M | 100x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,052.9 | −0.008% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,051.8 | −0.107% | $566K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.149% | $19K | $5K | 12x | as long as short |
| QFEX MU-USD | +0.0034% | 1h | 1,053 | +0.009% | $7.2M | $17.9M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,052.6 | −0.034% | $71K | $234K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,054.2 | +0.118% | — | $176K | 25x | as long as short |
| Bullet MU-USD | +0.0049% | 1h | 1,052.9 | −0.002% | $25K | $396K | 10x | as long as short |
| Nado MU-PERP | +0.0049% | 1h | 1,052.7 | −0.025% | $282K | $837K | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,052.7 | −0.022% | $171K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,052.8 | −0.014% | $691K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,052.4 | −0.053% | $1.9M | $2.2M | 10x | as long as short |
| Binance MUUSDT | +0.0051% | 8h | 1,052.8 | −0.017% | $126.8M | $516.6M | 50x | as long as short |
| Paradex MU-USD-PERP | +0.0052% | 8h | 1,053.2 | +0.029% | $2K | — | 5x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0054% | 1h | 1,052.6 | −0.031% | $70K | $435K | 10x | as long as short |
| Lighter MUlong | +0.0056% | 1h | 1,052.9 | long leg | $1.1M | $5.1M | 20x | |
| tradeXYZ xyz:MU | +0.0075% | 1h | 1,052.3 | −0.060% | $178.9M | $99.0M | 10x | as long as short |
| Coinbase International MU-PERP-INTXshort | +0.0080% | 1h | 1,052.9 | −0.004% | $759K | $1.2M | 10x | |
| Bitget MUUSDT | +0.0095% | 8h | 1,052.8 | −0.009% | $20.5M | $41.1M | 50x | as long as short |
| Aevo MU-PERP | +0.0096% | 1h | 1,052.5 | −0.039% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,053.1 | +0.020% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,052.4 | −0.054% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,052.4 | −0.049% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,052.8 | −0.009% | $837 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0173% | 8h | 1,053.2 | +0.024% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,053.3 | +0.035% | $539K | $271K | 15x | as long as short |
Aftermath Perps MUUSD
Bybit MUUSDT
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
QFEX MU-USD
Arcus MU-USD
Vest MU-USD-PERP
Bullet MU-USD
Nado MU-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Binance MUUSDT
Paradex MU-USD-PERP
Deribit MU_USDC-PERPETUAL
tradeXYZ xyz:MU
Bitget MUUSDT
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU