Settings8H · net · $10k
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Funding arb · Price arb /

MU

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.016%
Price spread now: Extended against Lighter−0.063%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$120.116% of the position
Long on LighterShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days−0.055%−$6 on $10k
Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.063%, 7d avg −0.022%
Together, before fees−0.020%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.040% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter MU1,049.40.0032pay 0.0004% / 1h44m 20s$1.1M$4.8M20x
ShortExtended MU_24_5-USD1,048.80.0040get 0.0005% / 1h44m 20s$559K$1.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$1.68
Price spread: −0.063% → −0.022%
−$4.04
Slippage, 4 orders
−$6.59
Fee Lighter: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$13.95
Costs to cover
0.116%
Break-even
65.1 days
Slippage from Lighter: live order book, 8 min ago; Extended: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 8 min ago0.76 bp1.9 bp −$22.2 bp −$2219.4 bp −$1,942doesn't fit
Sell Extended live order book, 4 min ago0.48 bp3.4 bp −$38.2 bp −$82doesn't fitdoesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0702%4h1,049.5+0.002%$1.3M$672K10xas long as short
Nado MU-PERP0.0000%1h1,049.3−0.016%$273K$858K10xas long as short
Gate MU_USDT0.0000%8h1,049.4−0.002%$62.2M$27.5M75xas long as short
StandX MU-USD0.0000%1h1,049.4−0.003%$190K$3.4M20xas long as short
Bullet MU-USD0.0000%1h1,049.6+0.015%$25K$396K10xas long as short
SunX MU-USDT0.0000%8h1,050.3+0.086%$11K$6.1M10xas long as short
Deribit MU_USDC-PERPETUAL0.0000%1h1,049.2−0.024%$65K$323K10xas long as short
HTX MU-USDT0.0000%8h1,049.1−0.035%$129K$429K50xas long as short
Aftermath Perps MUUSD+0.0022%1h1,049.4−0.006%$3K$45K10xas long as short
Lighter MUlong+0.0032%1h1,049.4long leg$1.1M$4.8M20x
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH MU+0.0032%1h1,049.40.000%$1.1M$4.1M10xas long as short
QFEX MU-USD+0.0040%1h1,049.2−0.019%$7.5M$20.3M10xas long as short
Extended MU_24_5-USDshort+0.0040%1h1,048.8−0.063%$559K$1.2M10x
Arcus MU-USD+0.0040%1h1,049.5+0.009%$71K$242K10xas long as short
Bybit MUUSDT+0.0044%8h1,049.6+0.010%$19.3M$32.6M100xas long as short
Vest MU-USD-PERP+0.0046%1h1,050.5+0.098%—$178K25xas long as short
Polymarket Perps MU-USD+0.0050%1h1,049.2−0.023%$170K$203K10xas long as short
SoDEX MU-USD+0.0050%1h1,049.2−0.028%$689K$16K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,048.8−0.064%$1.9M$2.4M10xas long as short
tradeXYZ xyz:MU+0.0069%1h1,049.5+0.006%$178.3M$100.1M10xas long as short
Paradex MU-USD-PERP+0.0071%8h1,049.3−0.014%$2K—5xas long as short
OKX MU-USDT-SWAP+0.0081%8h1,049.5+0.007%$30.9M$100.7M50xas long as short
Pacifica MU+0.0100%1h1,049.3−0.015%$148K$186K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,049.4−0.009%$5.3M$3.5M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,049.8+0.034%$71K$267K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,049.4−0.001%$834$79920xas long as short
Injective MU/USDC PERP+0.0107%1h1,051.4+0.183%$19K$5K12xas long as short
Coinbase International MU-PERP-INTX+0.0128%1h1,050.3+0.079%$761K$1.2M10xas long as short
Aevo MU-PERP+0.0144%1h1,049.3−0.016%$32K$1K10xas long as short
Variational Omni MU+0.0230%8h1,049.6+0.015%$2.7M$2.4M—as long as short
Aster MUUSD1+0.0231%8h1,049.6+0.012%$21.6M$49.2M20xas long as short
Binance MUUSDT+0.0238%8h1,049.6+0.011%$126.4M$523.9M50xas long as short
GRVT MU_USDT_Perp+0.0291%8h1,049.8+0.037%$81K$1.3M10xas long as short
Phoenix MU+0.0304%1h1,050+0.053%$537K$273K15xas long as short
Bitget MUUSDT+0.0332%8h1,049.6+0.010%$20.3M$41.7M50xas long as short
BloFin MU-USDT+0.0368%8h1,049.8+0.035%$1.5M$2.0M20xas long as short
RISEx MU/USDC+0.0507%1h1,049.5+0.006%$334K$349K20xas long as short