MU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h +0.015%

Price spread now: Deribit against Lighter−0.010%7-day average −0.005% · 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−$30as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.010%, 7d avg −0.005%

Together, before fees−0.038%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, 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	1,052.5	0.0056	pay 0.0007% / 1h	19m 24s	$1.1M	$5.1M	20x
Short	Deribit MU_USDC-PERPETUAL	1,052.4	0	get 0.0000% / 1h	19m 24s	$70K	$435K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Lighter. 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 LighterbpFee DeribitbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$11.76
Price spread: −0.010% → −0.005%: −$0.48
Slippage, 4 orders: −$22.75
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$41.99
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; Deribit: live order book, 39 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 Deribit live order book, 39 min ago	1.90 bp	13.9 bp −$14	17.0 bp −$170	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	−0.0836%	4h	1,052.4	−0.012%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,052.8	+0.029%	$21.5M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.6	+0.006%	$31.2M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.8	+0.023%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.5	−0.001%	$62.3M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.9	+0.035%	$82K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,052.7	+0.017%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.5	−0.003%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUALshort	0.0000%	1h	1,052.4	−0.010%	$70K	$435K	10x
HTX MU-USDT	0.0000%	8h	1,052.4	−0.015%	$131K	$435K	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MU	+0.0012%	8h	1,053	+0.048%	$2.7M	$2.4M	—	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,052.5	−0.007%	$3K	$44K	10x	as long as short
Bybit MUUSDT	+0.0024%	8h	1,052.9	+0.031%	$19.1M	$32.3M	100x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.6	+0.007%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.8	−0.069%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.111%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052.4	−0.014%	$7.1M	$17.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,052.5	−0.001%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.7	+0.109%	—	$176K	25x	as long as short
Nado MU-PERP	+0.0048%	1h	1,052.4	−0.016%	$282K	$837K	10x	as long as short
Bullet MU-USD	+0.0049%	1h	1,052.6	+0.007%	$25K	$396K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.2	−0.031%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.4	−0.011%	$691K	$16K	10x	as long as short
Binance MUUSDT	+0.0050%	8h	1,052.6	+0.003%	$126.8M	$516.6M	50x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,052.4	−0.015%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,052.8	+0.024%	$2K	—	5x	as long as short
Lighter MUlong	+0.0056%	1h	1,052.5	long leg	$1.1M	$5.1M	20x
tradeXYZ xyz:MU	+0.0075%	1h	1,052.2	−0.031%	$178.8M	$99.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.9	+0.034%	$759K	$1.2M	10x	as long as short
Bitget MUUSDT	+0.0095%	8h	1,052.7	+0.014%	$20.5M	$41.1M	50x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,052.1	−0.037%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.6	+0.008%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.3	−0.018%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052.6	+0.007%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.5	−0.003%	$837	$799	20x	as long as short
BloFin MU-USDT	+0.0173%	8h	1,053.2	+0.062%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,053.3	+0.073%	$539K	$271K	15x	as long as short